Capital Accumulation and Economic Growth in a Small Open Economy

Book Name : Capital Accumulation and Economic Growth in a Small Open Economy

By by Stephen J. Turnovsky

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Written by : by Stephen J. Turnovsky

Subject Category : Academic Business

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Economic growth is an issue of primary concern to policy makers in both developed and developing economies. As a consequence, growth theory has long occupied a central role in economics. In this book, renowned growth theorist Stephen J. Turnovsky investigates the process of economic growth in a small open economy, showing that it is sensitive to the productive structure of the economy. The book comprises three parts, beginning with models where the only intertemporally viable equilibrium is one in which the economy is always on its balanced growth path. Empirical evidence suggests relatively slow speeds of convergence so the second part of the book looks at several alternative ways in which transitional dynamics may be introduced. In the third and final part, the author applies the growth model to the issue of foreign aid, focusing specifically on whether aid should be untied or tied to the accumulation of public capital. Cambridge University Press; August 2009 ISBN 9780511636448 Read online, or download in secure PDF format Title: Capital Accumulation and Economic Growth in a Small Open Economy Author: Stephen J. Turnovsky Imprint: Cambridge University Press Subject categories Academic Business > Development Business > Economic Development Business > Economics Economics Business > Finance Social Sciences ISBNs 051163644X 9780521764759 9780511636448 In The Press Review of the hardback: 'The literature on economic growth has produced a number of models to explain the determinants of the long-run rate of growth. Turnovsky provides an excellent survey of these models, with an emphasis on the implications of the various models for the long-run effects of fiscal policies in a small open economy. This book is an important contribution to the understanding of the dynamic effects of macroeconomic policy by one of the leaders in the field.' Eric Bond, Vanderbilt University

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Academic Business - Development Business - Economic Development Business - Economics Economics Business - Finance Social Sciences

ISBN

051163644X - 9780521764759 - 9780511636448

In The Press:

Review of the hardback: 'The literature on economic growth has produced a number of models to explain the determinants of the long-run rate of growth. Turnovsky provides an excellent survey of these models, with an emphasis on the implications of the various models for the long-run effects of fiscal policies in a small open economy. This book is an important contribution to the understanding of the dynamic effects of macroeconomic policy by one of the leaders in the field.' Eric Bond, Vanderbilt University

Imprint

Cambridge University Press