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Record Nr. |
UNINA9910457670603321 |
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Titolo |
Economic growth and macroeconomic dynamics : recent developments in economic theory / / edited by Steve Dowrick, Rohan Pitchford, Stephen J. Turnovsky [[electronic resource]] |
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Pubbl/distr/stampa |
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Cambridge : , : Cambridge University Press, , 2004 |
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ISBN |
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1-107-14988-6 |
1-280-47797-0 |
0-511-19539-7 |
0-511-19605-9 |
0-511-19400-5 |
0-511-32715-3 |
0-511-60661-3 |
0-511-19474-9 |
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Descrizione fisica |
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1 online resource (xv, 183 pages) : digital, PDF file(s) |
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Disciplina |
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Soggetti |
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Economic development |
Macroeconomics |
Statics and dynamics (Social sciences) |
Economics |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Title from publisher's bibliographic system (viewed on 05 Oct 2015). |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Growth and elasticity of factor substitution / John D. Pitchford -- Relative wealth, catching up, and economic growth / Ngo Van Long and Koji Shimomura -- Knowledge and development : a Schumpeterian approach / Phillipe Aghion, Cecelia García-Peñalosa, and Peter Howitt -- Delinearizing the neoclassical convergence model / Steve Dorwick -- Bifurcations in macroeconomic models / William A. Barnett and Yijun He -- Dynamic trade creation / Eric O'N. Fisher and Neil Vousden -- Substitutability of capital, investment costs, and foreign aid / Santanu Chatterjee and Stephan J. Turnovsky -- Microchurning with smooth macro growth : two examples / Ronald W. Jones. |
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Sommario/riassunto |
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The development of the endogenous growth model rekindled interest |
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in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behaviour of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics, reflecting these developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on the emergence of three important aspects: First, it develops growth models that extend the underlying theory in different directions. Second, it addresses one of the concerns of the literature on growth and dynamics: the statistical properties of underlying data and the effort to ensure that growth models are consistent with empirical evidence. Third, it discusses the increasingly international focus of macrodynamics and growth theory, an inevitable consequence of the integration of the world economy. |
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