Published by Oxford University Press OUP, 2019
ISBN 10: 0198861915 ISBN 13: 9780198861911
Seller: Books Puddle, New York, NY, U.S.A.
Condition: New. pp. 160.
Published by OUP India, 2019
Seller: Vedams eBooks (P) Ltd, New Delhi, India
Soft cover. Condition: New. It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. This book provides the first consistent attempt to analyze the effects of macroeconomic volatility on productivity growth, and also the reverse causality from growth to business cycles. The authors show that by looking at the economy through the lens of private entrepreneurs, who invest under credit constraints, one can go some way towards explaining persistent macroeconomic volatility and the effects of volatility on growth. Beginning with an analysis of the effects of volatility on growth, the authors argue that the lower the level of financial development in a country the more detrimental the effect of volatility on growth. This prediction is confirmed by cross-country panel regressions. The data also suggests that a fixed exchange rate regime or more countercyclical budgetary policies are growth-enhancing in countries with a lower level of financial development. The former reduce aggregate volatility whereas the latter reduce the negative effects of volatility on long-term productivity-enhancing investment by firms. The book concludes with an investigation into how the interplay between credit constraints and pecuniary externalities is sufficient to generate persistent business cycles and to explain the occurrence of currency crises.
Published by Phi, 2010
ISBN 10: 8120340647 ISBN 13: 9788120340640
Seller: SecondSale, Montgomery, IL, U.S.A.
Condition: Very Good. Item in very good condition! Textbooks may not include supplemental items i.e. CDs, access codes etc.
Published by Oxford University Press, 2020
ISBN 10: 0198867735 ISBN 13: 9780198867739
Seller: GF Books, Inc., Hawthorne, CA, U.S.A.
Condition: New. Book is in NEW condition. 0.44.
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Published by MIT Press, 2008
ISBN 10: 0262012634 ISBN 13: 9780262012638
Seller: TextbookRush, Grandview Heights, OH, U.S.A.
Condition: Very Good. Expedited orders RECEIVED in 1-5 business days within the United States. Orders ship SAME or NEXT business day. We proudly ship to APO/FPO addresses. 100% Satisfaction Guaranteed!.
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Published by North Holland, 2006
ISBN 10: 0444520414 ISBN 13: 9780444520418
Seller: GF Books, Inc., Hawthorne, CA, U.S.A.
Condition: Good. Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. 4.15.
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Published by North Holland, 2006
ISBN 10: 0444520430 ISBN 13: 9780444520432
Seller: Ammareal, Morangis, France
Hardcover. Condition: Très bon. Ancien livre de bibliothèque. Edition 2006. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. Edition 2006. Ammareal gives back up to 15% of this item's net price to charity organizations.
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Published by The MIT Press, 2024
ISBN 10: 0262553104 ISBN 13: 9780262553100
Seller: GreatBookPrices, Columbia, MD, U.S.A.
Condition: As New. Unread book in perfect condition.
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Published by North Holland, 2013
ISBN 10: 0444535403 ISBN 13: 9780444535405
Seller: Book Deals, Tucson, AZ, U.S.A.
Condition: Fine. Like New condition. Great condition, but not exactly fully crisp. The book may have been opened and read, but there are no defects to the book, jacket or pages. 2.91.
Published by The MIT Press, Cambridge, 2009
Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.
First Edition Signed
First edition of this comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms. Quarto, original illustrated boards. Presentation copy, inscribed by both authors on the front free endpaper, "John, with best wishes Peter Howitt" and "Wishing you lots of success!! Philippe Aghion." Written in collaboration with Leonardo Bursztyn. Cover art by Sara Chaillet. In fine condition. 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 policiesâanalyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policyâand the methodology of growth policy design.