Economic Growth In An Open Developing Economy

Author : A. P. Thirlwall
Publisher : Edward Elgar Publishing
ISBN 13 : 1781955336
Total Pages : 201 pages
Book Rating : 4.38/5 ( download)

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Download or read book Economic Growth in an Open Developing Economy written by A. P. Thirlwall and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with Ôone-goodÕ models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialisation when assessing the welfare effects of trade. The author goes on to present theory underpinned by up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries because of their impact on the balance of payments. He concludes that trade liberalisation has proved disappointing in improving the trade-off between growth and the balance of payments. This book will provide a challenging read for students and academics in the fields of economics, heterodox economics, and development. Policymakers focussing on the relationship between growth, trade and the balance of payments will also find the book to be of great interest.

Author : Carolina Troncoso Baltar
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.25/5 ( download)

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Download or read book Economic Growth and Inflation in an Open Developing Economy written by Carolina Troncoso Baltar and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Sibabrata Das
Publisher : Springer
ISBN 13 : 3319142658
Total Pages : 278 pages
Book Rating : 4.54/5 ( download)

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Download or read book Economic Growth and Development written by Sibabrata Das and published by Springer. This book was released on 2015-01-12 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. This book is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. With its single model and focus on data and policy analysis, this text is intended for beginning graduate students and policy makers interested in economic development.

Author : A. P. Thirlwall
Publisher : Edward Elgar Publishing
ISBN 13 : 9781843763383
Total Pages : 111 pages
Book Rating : 4.89/5 ( download)

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Download or read book The Nature of Economic Growth written by A. P. Thirlwall and published by Edward Elgar Publishing. This book was released on 2003 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . . the book succeeds brilliantly in its main aim, which is to review the key aspects of existing theory, offer an alternative point of view together with many important insights, and show a way forward. It is worth reading and re-reading by any serious, critical and open-minded student of growth and it should greatly contribute to a fruitful dialogue and synthesis between competing schools of thought.' - Christopher Tsoukis, Journal of Development Studies This concise book, by one of the leading scholars in development economics, has been developed from a series of lectures given to masters students and will serve as an excellent introduction to the principles of growth and development theory.

Author : Frank S. T. Hsiao
Publisher : World Scientific Publishing Company
ISBN 13 : 9789811205408
Total Pages : 0 pages
Book Rating : 4.0X/5 ( download)

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Download or read book Development Strategies of Open Economies written by Frank S. T. Hsiao and published by World Scientific Publishing Company. This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Causality and exogeneity between exports and economic growth : the case of Asian NICs -- The chaotic attractor of foreign direct investment : why China? : a panel data analysis -- FDI, exports, and GDP in East and Southeast Asia : panel data versus time-series causality analyses -- FDI, exports, economic growth nexus in first and second generation ANIEs / co-authored with Yongkul Won -- The IT revolution and macroeconomic volatility in newly developed countries : on the real and financial linkages -- The impacts of the U.S. economy on the Asia-Pacific region : does it matter? / co-authored with Akio Yamashita -- Gains from policy coordination between Taiwan and the USA : on the games governments play -- International policy coordination with a dominant player : the case of the United States, Japan, Taiwan, and Korea.

Author : Jaime Ros
Publisher :
ISBN 13 : 0199684812
Total Pages : 470 pages
Book Rating : 4.16/5 ( download)

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Download or read book Rethinking Economic Development, Growth, and Institutions written by Jaime Ros and published by . This book was released on 2013-09 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.

Author : Dr Mahamudu Bawumia
Publisher : Gower Publishing, Ltd.
ISBN 13 : 1472462858
Total Pages : 421 pages
Book Rating : 4.55/5 ( download)

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Download or read book Key Determinants of National Development written by Dr Mahamudu Bawumia and published by Gower Publishing, Ltd.. This book was released on 2015-09-28 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: For those wishing to acquire knowledge on national development issues, this comprehensive compendium traverses a spectrum of subjects that the audience ought to be well acquainted with. The Editors provide instructive findings regarding national development, economic growth and their determinants, but they also offer historical perspectives on the subject and the implications for developing countries. The book addresses a suite of critical themes regarded by development experts to be germane in considering the pertinence of policies and their effective execution. These seven general thematic areas are explored: • Leadership, governance, policy and strategy • Public sector and public financial management • Culture, institutions and people • Natural resources • Science, technology and infrastructure • Private sector and financial markets • Marketing, branding and service delivery This thematic approach enables the contributors to explore the impact of the constituents of each subject area on national development, within the context of a developing economy. The significance of the findings for the relevant stakeholders is consequently reviewed. The combination of theory and practice makes the book and its contents unique.

Author : Dora L. Costa
Publisher : University of Chicago Press
ISBN 13 : 0226116344
Total Pages : 400 pages
Book Rating : 4.41/5 ( download)

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Download or read book Understanding Long-Run Economic Growth written by Dora L. Costa and published by University of Chicago Press. This book was released on 2011-10 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.

Author : Ronald I. McKinnon
Publisher : Brookings Institution Press
ISBN 13 : 9780815718499
Total Pages : 204 pages
Book Rating : 4.97/5 ( download)

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Download or read book Money and Capital in Economic Development written by Ronald I. McKinnon and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author : Robert J. Barro
Publisher : McGraw-Hill Companies
ISBN 13 :
Total Pages : 572 pages
Book Rating : 4.20/5 ( download)

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Download or read book Economic Growth written by Robert J. Barro and published by McGraw-Hill Companies. This book was released on 1995 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economicgrowth--a major revision incorporating the most recent work on the subject.