Endogenous Growth, Market Failures and Economic Policy
Description
Endogenous Growth, Market Failures and Economic Policy develops, within a rigorous formal framework, innovative and unconventional macroeconomic policy perspectives that can be deduced from the New Growth Theory in the presence of market imperfections, adopting the standard structure of fiscal, monetary and trade policy for the book. For instance, the introduction of monopolistic competition leads to positive growth effects of fiscal policy as well as protection of infant industries.
Keywords
ECONOMIC DEVELOPMENTBUSINESS CYCLESECONOMIC POLICY
1998Book
Author(s)Martin Zagler
PublisherPalgrave Macmillan
ISBN9780333747056
LanguageEnglish
