Skip to main content Accessibility help
×
  1. Home
  2. Books
  3. Capital Accumulation and Economic Growth in a Small Open Economy
  • Cited by 9
      • Show more authors
      • You may already have access via personal or institutional login
    • Select format
    • Publisher:
      Cambridge University Press
      Publication date:
      May 2010
      August 2009
      ISBN:
      9780511641978
      9780521764759
      9780521187527
      DOI:
      https://doi.org/10.1017/CBO9780511641978
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.54kg, 254 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.35kg, 254 Pages
      • Subjects:
      Economics, Economic Development and Growth, Economic History
      Series:
      The CICSE Lectures in Growth and Development
    You may already have access via personal or institutional login
    • Selected: Digital
    Add to cart View cart Buy from Cambridge.org
    Subjects:
    Economics, Economic Development and Growth, Economic History
    Series:
    The CICSE Lectures in Growth and Development
    Information

    Book description

    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.

    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

    Refine List

    Actions for selected content:

    Select all | Deselect all
    • View selected items
    • Export citations
    • Download PDF (zip)
    • Save to Kindle
    • Save to Dropbox
    • Save to Google Drive

    Save Search

    You can save your searches here and later view and run them again in "My saved searches".

    Please provide a title, maximum of 40 characters.
    Cancel
    ×

    Contents

    Contents

    Metrics

    Full text views

    Total number of HTML views: 0
    Total number of PDF views: 0 *
    Loading metrics...

    Book summary page views

    Total views: 0 *
    Loading metrics...

    * Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

    Usage data cannot currently be displayed.

    Accessibility standard: Unknown

    Accessibility compliance for the PDF of this book is currently unknown and may be updated in the future.