Download or read book Endogenous Growth Theory written by Philippe Aghion and published by MIT Press. This book was released on 1998 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.

Download or read book Endogenous growth and cycles written by Joseph E. Stiglitz and published by . This book was released on 1994 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Download or read book Cycles Growth and Structural Change written by Lionello F Punzo and published by Routledge. This book was released on 2003-09-02 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth and structural change. Employing a sophisticated level of mathematical modelling, the collection contains articles from, amongst others, William Baumol, Katsuhito Iwai and William Brock.

Download or read book Growth and Business Cycles with Equilibrium Indeterminacy written by Kazuo Mino and published by . This book was released on 2017 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Endogenous Growth and Endogenous Business Cycles in an Overlapping Generations Economy With Credit Market Imperfections written by Takuma Kunieda and published by . This book was released on 2007 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the dynamic properties of growth rates in an overlapping generations economy with credit market imperfections, constructing a Schumpeterian growth model. The analysis demonstrates that: (i) two steady-state equilibria arise as is usual in overlapping generations models with outside money and the growth rate of each increases as credit market imperfections are resolved; (ii) if credit market imperfections are severe or soft and if sunspots do not appear, the economy converges monotonically to a stable steady state; and (iii) if credit market imperfections are moderate, deterministic cycles or chaos would arise in equilibrium.

Download or read book The Economics of Growth written by Philippe Aghion and published by MIT Press. This book was released on 2024-09-17 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.

Download or read book Economic Growth written by David N. Weil and published by Prentice Hall. This book was released on 2012-06-29 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some countries rich and others poor? David N. Weil, one of the top researchers in economic growth, introduces students to the latest theoretical tools, data, and insights underlying this pivotal question. By showing how empirical data relate to new and old theoretical ideas, Economic Growth provides readers with a complete introduction to the discipline and the latest research.

Download or read book Endogenous Growth and Cycles with a Continuum of Technologies written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: When a continuum of technologies is introduced to the model of Grossman and Helpman (1991), both continuous and discrete technological progress may occur as a result of technology choices by private firms. A good is created through R & D based on one of a continuum of technologies that differ in productivity, and the R & D cost is smaller when there is greater public knowledge about that technology, which accumulates through spillovers. When firms shift continuously to superior technologies, there is no incentive to retain existing technologies and the economy grows smoothly. By contrast, when many firms choose the same technology, accumulated knowledge makes this choice privately optimal for a certain time period, and the economy grows cyclically through a sequence of discrete progresses in technology. These two dynamics constitute multiple equilibria, and it depends on the size of the parameters which equilibrium is desirable for consumers. -- endogenous growth ; growth cycles ; technology choice ; R & D spillovers ; continuous and discrete technological progress ; general purpose technologies

Download or read book Endogenous Growth with Cycles in a Swarm Economy written by Charlotte Bruun and published by . This book was released on 1999 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Endogenous Growth and Endogenous Business Cycles written by Lilia Maliar and published by . This book was released on 2003 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Endogenous Growth Cycles and Money in an Open Economy written by Jamee K. Moudud and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Business Cycles in a Two sector Model of Endogenous Growth written by Erik Canton and published by . This book was released on 1996 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Endogenous Growth Cycles written by Klaus Waelde and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Emergence of New Industries and Endogenous Growth Cycles written by Ryo horii and published by . This book was released on 2000 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Endogenous Growth and Cycles Through Radical and Incremental Innovation written by Bruno Amable and published by . This book was released on 1995 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Business Cycles Endogenous Growth and Monetary Cycles written by Tamas Zoltan Csabafi and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: