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The Theory of Aggregate Investment and Output Dynamics in Open Economic Systems (Contributions in Economics and Economic History) - Hardcover
Synopsis
Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolates and analyzes the internal and external factors that influence the adjusting of investment to aggregate finance and profit. It examines the role international trade and finance play in alleviating domestic technological and savings constraints on capital creation and growth. The theory's conclusions are used to analyze the rate of accumulation and finance needed to support a rate of output growth selected as part of an internal aggregate decision process. The analysis is extended to aggregrate development capital-output planning.
The study goes on to discuss conceptual and aggregational problems of measures of economic openness implied in the data requirements across national economies. Here a unique set of theoretical measures of economic openness, different from the traditional, is developed. The book, further, presents a critique and appraisal of the essential capital elements implied by endogenous growth theory.
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Book Description
Develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions.
About the Author
KOFI KISSI DOMPERE is Associate Professor of Economics at Howard University. He is coauthor of Epistemics of Development Economics (Greenwood, 1995). A companion to the present volume, The Theory of Aggregate Investment in Closed Economic Systems, is forthcoming from Greenwood Press. Additionally, Dompere has published a number of researched essays on the effects of technological progress on factor demand, inventory accumulation and prices. He has also authored a number of complementary essays on the theory of fuzzy decisions and cost-benefit analysis.
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- PublisherPraeger
- Publication date1999
- ISBN 10 0313307946
- ISBN 13 9780313307942
- BindingHardcover
- LanguageEnglish
- Number of pages208
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The Theory of Aggregate Investment and Output Dynamics in Open Economic Systems (Hardcover)
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Bloomsbury Publishing Plc, Westport, 1999
ISBN 10: 0313307946
ISBN 13: 9780313307942
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Hardcover. Condition: new. Hardcover. Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolates and analyzes the internal and external factors that influence the adjusting of investment to aggregate finance and profit. It examines the role international trade and finance play in alleviating domestic technological and savings constraints on capital creation and growth. The theory's conclusions are used to analyze the rate of accumulation and finance needed to support a rate of output growth selected as part of an internal aggregate decision process. The analysis is extended to aggregrate development capital-output planning.The study goes on to discuss conceptual and aggregational problems of measures of economic openness implied in the data requirements across national economies. Here a unique set of theoretical measures of economic openness, different from the traditional, is developed. The book, further, presents a critique and appraisal of the essential capital elements implied by endogenous growth theory. Building on the companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780313307942
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