Download or read book Capital Mobility in Neoclassical Models of Growth written by Robert J. Barro and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Capital Mobility Public Investment and Economic Growth written by Richard H. Clarida and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a neoclassical model of international capital flows, public investment, and economic growth. Because public capital is non-traded and is imperfectly substitutable for private capital, the open economy converges only gradually to the Solow steady-state notwithstanding the fact that international capital mobility is perfect. Along the convergence path, the economy initially runs a current account deficit that reflects a consumption boom and a surge in public spending. Over time, the rate of public investment declines as does the rate of growth in the standard measure of multifactor productivity in the private sector, the Solow residual.
Download or read book Convergence in Growth Rates written by Assaf Razin and published by . This book was released on 1992 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider the role of capital mobility and international taxation. In explaining the observed diversity in long-term growth rates. Our major finding is that, under capital mobility, international differences in taxes will not matter for total growth differentials. Policy differences have a role to play in per capita growth differentials, however, when they lead to a divergence in the after-tax rates of return on capital across countries, as when the residence principle is adopted universally. When this is the case, how tax differences affect the growth rates of population and human capital will depend on the relative preference of the individual household towards these two engines of growth. Optimal tax policies are found to be growth-equalizing with and without policy coordination.
Download or read book Long Term International Capital Movements and Technology written by Mr.Harm Zebregs and published by International Monetary Fund. This book was released on 1999-09-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by international differences in technologies than short-term financial flows. International capital movements are investigated in the context of various technology specifications, ranging from models with only one common technology to those with multiple and endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.
Download or read book New Theories in Growth and Development written by Frank Hahn and published by Springer. This book was released on 2016-01-06 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection offers a stimulating and insightful overview of the main issues affecting long-term economic growth. The novelty of this book is that it brings together two strands of economic literature, growth and development theories. The communication between different approaches is crucial as it is increasingly understood that growth hinges upon institutional and policy aspects that are generally neglected in the stylized models of growth but highly relevant for developing countries. Government policies and institution design become central to the explanation of divergent growth paths.
Download or read book Transitional Dynamics and Economic Growth in the Neoclassical Model written by Robert Graham King and published by . This book was released on 1989 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Mobility and Growth in a North south Model written by Andre Burgstaller and published by . This book was released on 1981 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth in Open Economies written by Sergio Rebelo and published by World Bank Publications. This book was released on with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth in Open Economies written by Sergio Rebelo and published by World Bank Publications. This book was released on 1991 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: A simple modification of recent growth models eliminates the implausible implication that growth rates should be equalized in the presence of free international capital mobility and is consistent with evidence that points to low rates of savings in low income countries.
Download or read book ARE CAPITAL FLOWS CONSISTENT WITH THE NEOCLASSICAL GROWTH MODEL EVIDENCE FORM A CROSS SECTION OF DEVELOPING COUNTRIES written by Stefano MANZOCCHI and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evolution of the Relative Price of Goods and Services in a Neoclassical Model of Capital Accumulation written by Vladimir Klyuev and published by International Monetary Fund. This book was released on 2004-11 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an explanation for the secular increase in the price of services relative to that of manufactured goods that relies on capital accumulation rather than on an exogenous total factor productivity growth differential. The key assumptions of the two-sector, intertemporal optimizing model are relatively high capital intensity in the production of goods and limited cross-border capital mobility, allowing the interest rate to vary. With plausible parameterization, the model also predicts a decline in the employment share of the goods sector over time.
Download or read book Lecture Notes on Economic Growth I written by Xavier Sala-i-Martin and published by . This book was released on 1990 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a survey of the literature on Economic Growth. In the introduction we analyze the main differences between exogenous and endogenous growth models using fixed savings rate analysis. We argue that in order to have endogenous growth there must be constant returns to the factors that can be accumulated. A graphical tool is then developed to show that changes in the savings rate have different effects on long run growth in the two kinds of models; we show that only endogenous growth models are affected by shifts in the savings rate. We then explore two versions of the Raasey-Cass-Koopmans neoclassical model where savings are determined optimally; one with exogenous productivity growth and one without.
Download or read book Growth Technological Progress and Trade written by Elhanan Helpman and published by . This book was released on 1988 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent developments in the theory of economic growth and dynamic trade theory are reviewed and interpreted. These include growth based on economies of scale, trade with product development, and product cycles. It is argued that there is need for more work in this area in order to understand the relationship between trade and growth.
Download or read book Economic Growth in an Interdependent World Economy written by Roger E. A. Farmer and published by . This book was released on 2002 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Are Capital Flows Consistent with the Neoclassical Growth Model written by Stefano Manzocchi and published by . This book was released on 1996 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Policy and Economic Growth written by Robert Graham King and published by . This book was released on 1990 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Growth and Convergence written by Robert J. Barro and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
