Capital accumulation and economic growth in a small open economy /

Capital accumulation and economic growth in a small open economy /

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Bibliographic Details
Author / Creator:Turnovsky, Stephen J.
Imprint:Cambridge, UK ; New York : Cambridge University Press, 2009.
Description:xii, 241 p. : ill. ; 24 cm.
Language:English
Series:CICSE lectures in growth and development
Subject:
Saving and investment -- Developing countries -- Econometric models.
Endogenous growth (Economics) -- Developing countries -- Econometric models.
Economic development -- Developing countries -- Econometric models.
Economic development -- Econometric models.
Saving and investment -- Econometric models.
Developing countries.
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/7842185
Hidden Bibliographic Details
ISBN:9780521764759 (hbk. : alk. paper)
0521764750 (hbk. : alk. paper)
Notes:Includes bibliographical references and index.
Table of Contents:
  • Contents
  • List of figures
  • List of tables
  • Preface
  • 1. Introduction and brief overview
  • 1.1. Some background
  • 1.2. Scope of this book
  • Part 1. Models of Balanced Growth
  • 2. Basic growth model with fixed labor supply
  • 2.1. A canonical model of a small open economy
  • 2.2. The endogenous growth model
  • 2.3. Equilibrium in one-good model
  • 2.4. Productive government expenditure
  • 2.5. Two immediate generalizations
  • 3. Basic growth model with endogenous labor supply
  • 3.1. Introduction
  • 3.2. The analytical framework: centrally planned economy
  • 3.3. Decentralized economy
  • 3.4. Fiscal shocks in the decentralized economy
  • 3.5. Optimal fiscal policy
  • 3.6. Conclusions
  • Part 2. Transitional Dynamics and Long-Run Growth
  • 4. Transitional dynamics and endogenous growth in one-sector models
  • 4.1. Upward-sloping supply curve of debt
  • 4.2. Comparison with basic model
  • 4.3. Public and private capital
  • 4.4. Role of public capital: conclusions
  • 5. Two-sector growth models
  • 5.1. Introduction
  • 5.2. The model
  • 5.3. Determination of macroeconomic equilibrium
  • 5.4. Structural changes
  • 5.5. Transitional dynamics
  • 5.6. Conclusions
  • 6. Non-scale growth models
  • 6.1. Introduction
  • 6.2. Small open economy
  • 6.3. Aggregate dynamics
  • 6.4. Upward-sloping supply curve of debt
  • 6.5. Elastic labor supply
  • 6.6. Conclusions
  • Appendix
  • Part 3. Foreign Aid, Capital Accumulation, and Economic Growth
  • 7. Basic model of foreign aid
  • 7.1. Introduction
  • 7.2. The analytical framework
  • 7.3. Long-run effects of transfers and fiscal shocks
  • 7.4. Optimal responses
  • 7.5. Numerical analysis of transitional paths
  • 7.6. Temporary transfers
  • 7.7. Conclusions
  • 8. Foreign aid, capital accumulation, and economic growth: some extensions
  • 8.1. Generalization of model
  • 8.2. Macroeconomic equilibrium
  • 8.3. The dynamic effects of foreign aid: a numerical analysis
  • 8.4. Sensitivity analysis
  • 8.5. Consequences for the government fiscal balance
  • 8.6. Conclusions
  • Appendix
  • References
  • Index

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