TY  - BOOK
AU  - Turnovsky,Stephen J.
TI  - Capital accumulation and economic growth in a small open economy
T2  - The CICSE lectures in growth and development
SN  - 9780511641336
AV  - HC59.72.S3 T87 2009
U1  - 332/.041091724 22
PY  - 2009///
CY  - Cambridge, UK, New York
PB  - Cambridge University Press
KW  - Saving and investment
KW  - Developing countries
KW  - Econometric models
KW  - Endogenous growth (Economics)
KW  - Economic development
KW  - BUSINESS & ECONOMICS
KW  - Finance
KW  - bisacsh
KW  - fast
KW  - Wirtschaftswachstum
KW  - gnd
KW  - Makroökonomisches Modell
KW  - Kapitalbildung
KW  - Kleinstaat
N1  - 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
N2  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=304010
ER  -