Economic Growth: New Directions in Theory and Policy

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Philip Arestis, Michelle Baddeley, J. S. L. McCombie
Edward Elgar, 2007 - Business & Economics - 317 pages
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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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Contents

Economic growth and betaconvergence in the East
5
What is endogenous growth theory?
14
Is the natural rate of growth exogenous?
32
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