Growth and International Trade : An Introduction to the Overlapping Generations Approach / by Karl Farmer, Matthias Schelnast.

Format:

Book

Author/Creator:

Farmer, Karl., Author.

Schelnast, Matthias., Author.

Series:

Springer Texts in Business and Economics, 2192-4333

Language:

English

Subjects (All):

Economic development.

International economic relations.

Economic Growth.

International Economics.

Local Subjects:

Economic Growth.

International Economics.

Physical Description:

1 online resource (445 p.)

Edition:

1st ed. 2013.

Place of Publication:

Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.

Language Note:

English

Summary:

This textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, debt reduction in rich countries and policies to mitigate climate change are explored . The first part starts from the “old” growth theory and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter and intra-sectoral trade and concludes by analyzing the debt mechanics inducing the huge imbalances among eurozone countries. The book is primarily addressed to graduate students wishing to proceed to the analytically more demanding journal literature.

Contents:

Preface

1 Growth and International Trade: Introduction and Stylized Facts

Part I: Growth

2 Modeling the Growth of the World Economy: The Basic Overlapping Generations Model

3 Steady State, Factor Income, and Technological Progress

4 Economic Growth and Public Debt in the World Economy

5 "New" Growth Theory and Knowledge Externalities in Capital Accumulation

6 Endogenous Technological Progress and Infinite Economic Growth

7 Human Capital, Religion, and Economic Growth

8 Economic Growth With Bubbles

Part II: International Trade

9 International Parity Conditions in a Two-Country OLG Model Under Free Trade

10 Factor Proportion, Inter-Sectoral Trade, and Product Life Cycle

11 Product Differentiation, Decreasing Costs, and Intra-Sectoral Trade

12 Globalization, Capital Accumulation, and Terms of Trade

13 Innovation, Growth, and Trade in a Two-Country OLG Model

14 Real Exchange Rage and Public Debt in a Two-Advanced-Country OLG Model

15 Public Debt Reduction in Advanced Countries and Its Impacts on Emerging Countries

16 External Balance, Dynamic Efficiency, and Welfare Effects of National Climate Policies

17 Nationally and Internationally Optimal Climate Policies

18 Modeling the Debt Mechanics of the Euro Zone

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

3-642-33669-8

OCLC:

827212416