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Title Economic growth and macroeconomic dynamics : recent developments in economic theory / edited by Steve Dowrick, Rohan Pitchford, Stephen J. Turnovsky.
Imprint Cambridge, U.K. ; New York, NY : Cambridge University Press, 2004.

Subject Economic development.
Statics and dynamics (Social sciences)
Alt Name Dowrick, Steve.
Pitchford, Rohan.
Turnovsky, Stephen J.
Description 1 online resource (xv, 183 pages) : illustrations
polychrome rdacc
Bibliography Note Includes bibliographical references and index.
Contents Growth and elasticity of factor substitution / John D. Pitchford -- Relative wealth, catching up, and economic growth / Ngo Van Long and Koji Shimomura -- Knowledge and development : a Schumpeterian approach / Phillipe Aghion, Cecelia García-Peñalosa, and Peter Howitt -- Delinearizing the neoclassical convergence model / Steve Dorwick -- Bifurcations in macroeconomic models / William A. Barnett and Yijun He -- Dynamic trade creation / Eric O'N. Fisher and Neil Vousden -- Substitutability of capital, investment costs, and foreign aid / Santanu Chatterjee and Stephan J. Turnovsky -- Microchurning with smooth macro growth : two examples / Ronald W. Jones.
Note Print version record.
Summary The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behaviour of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics, reflecting these developments and the ongoing debate over the relative merits of neo-classical and endogenous growth models. It focuses on the emergence of three important aspects: First, it develops growth models that extend the underlying theory in different directions. Second, it addresses one of the concerns of the literature on growth and dynamics: the statistical properties of underlying data and the effort to ensure that growth models are consistent with empirical evidence. Third, it discusses the increasingly international focus of macrodynamics and growth theory, an inevitable consequence of the integration of the world economy.
ISBN 0511194005
0521835615 (hardbound)
9780521835619 (hardbound)
0511196059 (electronic bk.)
9780511196058 (electronic bk.)
0511195397 (electronic bk.)
9780511195396 (electronic bk.)
9780511606618 (ebook)
0511606613 (ebook)
ISBN/ISSN 9780521835619
OCLC # 144618364
Additional Format Print version: Economic growth and macroeconomic dynamics. Cambridge, U.K. ; New York, NY : Cambridge University Press, 2004 (DLC) 2003061674.

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