Economic Growth: New Directions in Theory and Policy
Philip Arestis, Michelle Baddeley, J. S. L. McCombie
Edward Elgar, 2007 - Business & Economics - 317 pages
This enlightening and significant new volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies - the distinguished cast of contributors address some of the most important contemporary issues and developments in the field. These include, amongst others: endogenous growth theory, Keynesian theories of the business cycle and growth, unemployment and growth, FDI and productivity spillovers, and knowledge externalities and growth. This useful analysis of the many facets of economic growth will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.
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Economic growth and betaconvergence in the East
What is endogenous growth theory?
Is the natural rate of growth exogenous?
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accumulation aggregate demand aggregate supply analysis assumed average Cambridge capital formation central bank coefficient competitive constraints convergence core Cornwall costs cycle demand-led growth determined developing countries distribution dynamic econometric economic growth Economic Journal Edward Elgar effect empirical endogenous growth theory equation equilibrium estimates exchange rate existence exogenous factors foreign firms full employment growth models growth rate half-life Harcourt higher human capital impact income increasing returns industry innovation interest rates investment Journal of Economics Kaldor Keynesian labour force long-run macroeconomic manufacturing marginal McCombie medium-run monetary NAIRU natural rate negative OECD output panel data paper period Phillips curve Political poverty production function productivity gap productivity growth rate of growth ratio regions returns to scale Review Romer sector Setterfield short-run Sraffa stochastic kernel Table technical progress tion tourism Transition Economies trend unemployment rates unit root University Press variables