Logotipo librería Marcial Pons
Capital accumulation and economic growth in a small open economy

Capital accumulation and economic growth in a small open economy

  • ISBN: 9780521764759
  • Editorial: Cambridge University Press
  • Lugar de la edición: Cambridge. Reino Unido
  • Colección: The CICSE Lectures in Growth and Development
  • Encuadernación: Cartoné
  • Medidas: 23 cm
  • Nº Pág.: 241
  • Idiomas: Inglés

Papel: Cartoné
84,25 €
Sin stock. Impresión bajo demanda. En firme sin devolución


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. # Written by one of the world#s most respected economists # All models are presented with consistent notation and in a coherent manner, which makes the book easy for readers to follow # Serves as a useful reference for graduate students and researchers working in the area of growth theory and international macroeconomics


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