Synopsis
We live in a world where capital is free to move. Increasingly this determines the pattern of international growth. Savings are invested in the country yielding the highest return, thus adding to its stock of capital. This development is espe cially true of common markets such as the European Union, which are based on free trade and financial openness. The present monograph deals with internatio nal growth, featuring the dynamics of foreign debt and domestic capital. I had many helpful talks with my colleagues at Hamburg: Michael Schmid (now at Bamberg), Franco Reither, Wolf Schlifer, Thomas Straubhaar and Johannes Hackmann. In addition, Michael Brauninger and Philipp Lichtenauer carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich did the secretarial work as excellently as ever. I wish to thank all of them. Contents INTRODUCTION 3 BRIEF SURVEY OF THE LITERATURE 9 SMALL OPEN ECONOMY 15 CHAPTER I. 1. Solow Model 15 1.1. Foreign Assets 15 1.1.1. Steady State 15 Process of Adjustment 25 1.1.2.
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -We live in a world where capital is free to move. Increasingly this determines the pattern of international growth. Savings are invested in the country yielding the highest return, thus adding to its stock of capital. This development is espe cially true of common markets such as the European Union, which are based on free trade and financial openness. The present monograph deals with internatio nal growth, featuring the dynamics of foreign debt and domestic capital. I had many helpful talks with my colleagues at Hamburg: Michael Schmid (now at Bamberg), Franco Reither, Wolf Schlifer, Thomas Straubhaar and Johannes Hackmann. In addition, Michael Brauninger and Philipp Lichtenauer carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich did the secretarial work as excellently as ever. I wish to thank all of them. Contents INTRODUCTION 3 BRIEF SURVEY OF THE LITERATURE 9 SMALL OPEN ECONOMY 15 CHAPTER I. 1. Solow Model 15 1.1. Foreign Assets 15 1.1.1. Steady State 15 Process of Adjustment 25 1.1.2. 216 pp. Englisch. Seller Inventory # 9783790809954
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Condition: New. This work deals with international growth, featuring the dynamics of foreign debt and domestic capital. It looks at the Solow model, the overlapping generations model and the infinite-horizon model. Phase diagrams serve to trace out the processes of adjustment induced by various shocks. Series: Contributions to Economics. Num Pages: 216 pages, 1 black & white illustrations, 23 black & white tables, biography. BIC Classification: KCJ; KCL. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 12. Weight in Grams: 327. . 1997. Softcover reprint of the original 1st ed. 1997. Paperback. . . . . Seller Inventory # V9783790809954
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International Economic Growth
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Condition: New. This work deals with international growth, featuring the dynamics of foreign debt and domestic capital. It looks at the Solow model, the overlapping generations model and the infinite-horizon model. Phase diagrams serve to trace out the processes of adjustment induced by various shocks. Series: Contributions to Economics. Num Pages: 216 pages, 1 black & white illustrations, 23 black & white tables, biography. BIC Classification: KCJ; KCL. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 12. Weight in Grams: 327. . 1997. Softcover reprint of the original 1st ed. 1997. Paperback. . . . . Books ship from the US and Ireland. Seller Inventory # V9783790809954