Economic Growth and Macroeconomic Dynamics
Recent Developments in Economic Theory
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Economic Growth and Macroeconomic Dynamics by Steve Dowrick
Book DescriptionThe 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.
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Book DetailsISBN: 9780521049429
(228mm x 152mm x 12mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 7-Jan-2008
Country of Publication: United Kingdom
Books By Author Steve Dowrick
Cambridge Handbook of Social Sciences in Australia, Paperback (September 2011)
This 2003 text is a high-quality reference on significant research in Australian social sciences.
Economic Growth and Macroeconomic Dynamics, Hardback (May 2004)» View all books by Steve Dowrick
This book brings together a number of contributions in growth theory and macroeconomic dynamics.
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