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Technical Progress and Economic Growth

Name: Technical Progress and Economic Growth
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 02172618
Price: 20609 HUF
Availability: InStock
Author: Franco Nardini
ISBN: 9783540415961

Business Cycles and Stabilization Policies

Franco Nardini

Language

English

Book Paperback

Libristo code: 02172618

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, February 2001

The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model in... Full description

Libristo code: 02172618

136 b

20 609 Ft

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The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model inspired by the structural theories of the business cycle developed by Tugan-Baranowski, Aftalion, Fanno, and Lowe. The functioning of each market is modeled following Hicks: the features of each market depend on the characteristics of the goods traded. In this framework, endogenous irregular business cycles arise. The issues of the impact of technical progress and the effectiveness of a stabilizing fiscal policy are thoroughly discussed. The book concludes with a discussion of all of these problems in a case of open economy.