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Capital accumulation and economic growth in a small open economy / Stephen J. Turnovsky.

By: Material type: TextTextSeries: CICSE lectures in growth and developmentPublication details: Cambridge, UK ; New York : Cambridge University Press, 2009.Description: 1 online resource (xii, 241 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780511641336
  • 0511641338
  • 9780521764759
  • 0521764750
  • 9780511641978
  • 0511641974
  • 9780521187527
  • 0521187524
  • 9780511639975
  • 051163997X
Subject(s): Additional physical formats: Print version:: Capital accumulation and economic growth in a small open economy.DDC classification:
  • 332/.041091724 22
LOC classification:
  • HC59.72.S3 T87 2009
Online resources:
Contents:
1. Introduction and brief overview -- 2. Basic growth model with fixed labor supply -- 3. Basic growth model with endogenous labor supply -- 4. Transitional dynamics and endogenous growth in one-sector models -- 5. Two-sector growth models -- 6. Non-scale growth models -- 7. Basic model of foreign aid -- 8. Foreign aid, capital accumulation, and economic growth: some extensions.
Summary: 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.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

Includes bibliographical references (pages 226-234) and index.

1. Introduction and brief overview -- 2. Basic growth model with fixed labor supply -- 3. Basic growth model with endogenous labor supply -- 4. Transitional dynamics and endogenous growth in one-sector models -- 5. Two-sector growth models -- 6. Non-scale growth models -- 7. Basic model of foreign aid -- 8. Foreign aid, capital accumulation, and economic growth: some extensions.

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.

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