Track My Order
Help Centre
1300 187 187
Likes
My Wish ListsLogin / Join
Booktopia
Australia's local bookstore
Capital Accumulation and Economic Growth in a Small Open Economy : The Cicse Lectures in Growth and Development - Stephen J. Turnovsky

Capital Accumulation and Economic Growth in a Small Open Economy

By: Stephen J. Turnovsky

Paperback | 17 February 2011

At a Glance

Paperback

$73.01

Aims to ship in 7 to 10 business days

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.
Industry Reviews
Review of the hardback: 'The literature on economic growth has produced a number of models to explain the determinants of the long-run rate of growth. Turnovsky provides an excellent survey of these models, with an emphasis on the implications of the various models for the long-run effects of fiscal policies in a small open economy. This book is an important contribution to the understanding of the dynamic effects of macroeconomic policy by one of the leaders in the field.' Eric Bond, Vanderbilt University
Review of the hardback: 'All you need to know about the rigorous analysis of growth, labor supply, and capital accumulation in small open economies with plenty of policy-relevant results on engines of growth, productive government spending, and taxation. The discussion of foreign aid in two-sector models is especially relevant for developing economies.' Rick Van Der Ploeg, University of Oxford

You Can Find This Book In

Non-FictionSelf-Help, Personal Development & Practical AdvicePersonal FinanceEconomicsDevelopment Economics & Emerging EconomiesReference, Information & Interdisciplinary SubjectsInterdisciplinary StudiesDevelopment StudiesEconomic GrowthAccounting & FinanceFinance

More in Development Economics & Emerging Economies

Thinking in Systems : A Primer - Donella Meadows

Thinking in Systems

A Primer

Paperback

RRP $43.75

$32.90

25%
OFF
The Quest for Unity : An Appraisal of Regional Integration in Africa - Sizo Nkala

The Quest for Unity

An Appraisal of Regional Integration in Africa

Hardcover

RRP $284.00

$200.95

29%
OFF
Politics in the Developing World : 5th Edition - Peter Burnell

Politics in the Developing World

5th Edition

Paperback

RRP $90.95

$72.90

20%
OFF
Global Health : Geographical Connections - Anthony C. Gatrell

Global Health

Geographical Connections

Paperback

RRP $62.99

$59.90

Climate Finance : Taking a Position on Climate Futures - Dr Gareth Bryant

Climate Finance

Taking a Position on Climate Futures

Paperback

RRP $57.99

$55.25

Less is More : How Degrowth Will Save the World - Jason Hickel

Less is More

How Degrowth Will Save the World

Paperback

RRP $22.99

$21.90

Discrimination and Disparities - Thomas Sowell

Discrimination and Disparities

Hardcover

RRP $55.00

$38.50

30%
OFF
The Solutionists : How Businesses Can Fix the Future - Solitaire Townsend

The Solutionists

How Businesses Can Fix the Future

Paperback

RRP $22.00

$20.90

Environment and Development Challenges : The Imperative to Act - Robert Watson

Environment and Development Challenges

The Imperative to Act

Hardcover

RRP $65.95

$44.80

32%
OFF

This product is categorised by