Economic Growth and Macroeconomic Dynamics: Recent Developments in Economic Theory

Book Description
This book brings together contributions in growth theory and macroeconomic dynamics that reflect more recent developments in the ongoing debate over the relative merits of neoclassical and endogenous growth models. It focuses on three important areas that have been receiving increasing attention: theoretical aspects, numerical and statistical aspects, and international issues.


Buy from Amazon     Compare Prices

Interest in growth theory was rekindled in the mid 1980s with the development of the endogenous growth model. In contrast in the earlier neoclassical model in which the steady-state growth rate was tied to population growth, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behavior of optimizing agents in the economy. This book brings together a number of contributions in growth theory and macroeconomic dynamics that reflect these more recent developments and the ongoing debate over the relative merits of neoclassical and endogenous growth models.


Buy from Barnes & Noble     Compare Prices