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010   $a3-319-50367-7
024 7 $a10.1007/978-3-319-50367-7
035   $a(CKB)3710000001065075
035   $a(DE-He213)978-3-319-50367-7
035   $a(MiAaPQ)EBC4834763
035   $a(EXLCZ)993710000001065075
100   $a20170217d2017      u|         0
101 0 $aeng
135   $aurnn|008mamaa
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aMacro Innovation Dynamics and the Golden Age $eNew Insights into Schumpeterian Dynamics, Inequality and Economic Growth /$fby Paul J. J. Welfens
205   $a1st ed. 2017.
210  1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2017.
215   $a1 online resource (XVII, 148 p. 24 illus., 8 illus. in color.) 
311 08$a3-319-50366-9 
327   $aGreen Innovations and CO2 in a Growth Perspective: A Neoclassical Model -- Innovation, Inequality and a Golden Rule for Growth in an Economy with R&D -- Technological Progress, Output Elasticity, FDI and Growth Cycles -- Product Innovations in a Schumpeterian Mundell-Fleming Model -- Schumpeterian Macroeconomic Production Function for Open Economies.
330   $aThis book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements in modern economies ? including perspectives on green growth and aspects of the knowledge production function in the context of multinational companies. As such the book considers the role of foreign direct investment in a modified growth model and discusses innovation in an enhanced Mundell-Fleming macro model. Moreover, for the first time it directly links a knowledge production function to the macro production function in a broader context, including real money balances in the production function. It shows ? also with empirical relevance ? that FDI inward stocks relative to the GDP of host countries, the number of researchers and per capita income are relevant drivers of new knowledge and the stock of knowledge, respectively. This new Schumpeterian theoretical approach lends itself to important policy conclusions for both OECD members and newly industrialized countries.
606   $aMacroeconomics
606   $aEconomic development
606   $aEvolutionary economics
606   $aInstitutional economics
606   $aInternational economic relations
606   $aAsia$xEconomic conditions
606   $aMacroeconomics and Monetary Economics
606   $aEconomic Growth
606   $aInstitutional and Evolutionary Economics
606   $aEconomic Development, Innovation and Growth
606   $aInternational Economics
606   $aAsian Economics
615  0$aMacroeconomics.
615  0$aEconomic development.
615  0$aEvolutionary economics.
615  0$aInstitutional economics.
615  0$aInternational economic relations.
615  0$aAsia$xEconomic conditions.
615 14$aMacroeconomics and Monetary Economics.
615 24$aEconomic Growth.
615 24$aInstitutional and Evolutionary Economics.
615 24$aEconomic Development, Innovation and Growth.
615 24$aInternational Economics.
615 24$aAsian Economics.
676   $a339
700   $aWelfens$b Paul J. J$4aut$4http://id.loc.gov/vocabulary/relators/aut$0630185
906   $aBOOK
912   $a9910165145903321
996   $aMacro Innovation Dynamics and the Golden Age$91997361
997   $aUNINA