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001435655 001__ 1435655
001435655 003__ OCoLC
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001435655 019__ $$a1246552856
001435655 020__ $$a9783662629437$$q(electronic bk.)
001435655 020__ $$a3662629437$$q(electronic bk.)
001435655 020__ $$z9783662629420
001435655 020__ $$z3662629429
001435655 0247_ $$a10.1007/978-3-662-62943-7$$2doi
001435655 035__ $$aSP(OCoLC)1245669789
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001435655 049__ $$aISEA
001435655 050_4 $$aHF1379$$b.F37 2021
001435655 08204 $$a382.1$$223
001435655 1001_ $$aFarmer, Karl.
001435655 24510 $$aGrowth and international trade :$$ban introduction to the overlapping generations approach /$$cKarl Farmer, Matthias Schelnast.
001435655 250__ $$a2nd ed.
001435655 260__ $$aBerlin :$$bSpringer,$$c2021.
001435655 300__ $$a1 online resource (596 pages)
001435655 336__ $$atext$$btxt$$2rdacontent
001435655 337__ $$acomputer$$bc$$2rdamedia
001435655 338__ $$aonline resource$$bcr$$2rdacarrier
001435655 4901_ $$aSpringer Texts in Business and Economics
001435655 500__ $$a4.5.2 Stability of the Steady States.
001435655 504__ $$aIncludes bibliographical references and index.
001435655 5050_ $$aIntro -- Preface to the Second Edition -- Preface to the First Edition -- Contents -- Abbreviations -- 1: Growth and International Trade: Introduction and Stylized Facts -- 1.1 Introduction and Motivation -- 1.2 Definition of Growth Magnitudes -- 1.2.1 Growth Rates of Products and Quotients -- 1.3 Kaldorś ``Stylized Facts ́́ -- 1.4 Kuznets ́Facts -- 1.5 Internationalization Facts -- 1.5.1 World Trade Is Growing Faster Than World Output -- 1.5.2 Export and Import Ratios Increase Over Time -- 1.5.3 Two-Thirds of Foreign Trade Takes Place Between Developed Countries
001435655 5058_ $$a1.5.4 Neighboring Countries Trade More with Each Other Than Countries That Are Further Apart -- 1.6 Globalization Facts -- 1.6.1 Foreign Direct Investment and Financial Investment -- 1.6.2 Asia Since the 1970s: ``The ́́Dynamic Export Region -- 1.7 Summary and Conclusions -- 1.8 Exercises -- References -- Part I: Growth -- 2: Modeling the Growth of the World Economy: The Basic Overlapping Generations Model -- 2.1 Introduction and Motivation -- 2.2 The Set-Up of the Model Economy -- 2.3 The Macroeconomic Production Function and Its Per Capita Version
001435655 5058_ $$a2.4 Structure of the Intertemporal Equilibrium -- 2.4.1 Intertemporal Utility Maximization of Younger Households -- 2.4.2 Old Households -- 2.4.3 A-Temporal Profit Maximization of Producers -- 2.4.4 Market Equilibrium in All Periods -- 2.5 The Fundamental Equation of Motion of the Intertemporal Equilibrium -- 2.6 Maximal Consumption and the ``Golden Rule ́́of Capital Accumulation -- 2.7 Summary and Conclusion -- 2.8 Exercises -- Appendix -- 1. Constrained Optimization -- 2. Walras ́Law -- References -- 3: Steady State, Factor Income, and Technological Progress -- 3.1 Introduction and Motivation
001435655 5058_ $$a3.2 The GDP Growth Rate in Intertemporal Equilibrium and in Steady State -- Definition 3.1 -- 3.3 Existence and Stability of the Long-Run Growth Equilibrium -- 3.4 Efficiency of the Steady State -- 3.5 Comparative Dynamics in the Basic OLG Model -- 3.5.1 Increase in the Time Discount Factor -- 3.5.2 Reduction of the Population Growth Rate -- 3.5.3 Increase in the Rate of Technological Progress -- 3.6 Real Wage, Real Interest Rate, and Income Shares -- 3.6.1 Income Distribution along the Equilibrium Growth Path -- 3.7 Technological Progress in Neoclassical Growth Theory
001435655 5058_ $$a3.7.1 Hicks-Neutral Technological Progress -- 3.7.2 Harrod-Neutral Technological Progress -- 3.7.3 Solow-Neutral Technological Progress -- 3.7.4 Resumé -- 3.8 Growth Accounting -- 3.9 Summary and Conclusion -- 3.10 Exercises -- References -- 4: Economic Growth and Public Debt in the World Economy -- 4.1 Introduction and Motivation -- 4.2 European Debt Statistics -- 4.3 First-Order Conditions and Market Clearing -- 4.3.1 Market Equilibrium in All Periods -- 4.4 Intertemporal Equilibrium Dynamics -- 4.5 Existence and Stability of Steady States -- 4.5.1 Existence of a Long-Term Growth Equilibrium
001435655 506__ $$aAccess limited to authorized users.
001435655 520__ $$aRevised and updated for the 2nd edition, this textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, robots and involuntary unemployment, financial integration and house price dynamics, policies to mitigate climate change and the persistence of religion in a globalized market economy are explored. The first part starts from the old growth theory and bridges to the new growth theory (including R & D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter- and intra-sectoral trade, investigates innovation, growth and trade and limits to public debt as well as nationally and internationally optimal climate policies. The debt dynamics of the Euro Zone and the origins of intra-EMU and Asian-US trade imbalances are also explored. The book is primarily addressed to upper undergraduate and graduate students wishing to proceed to the analytically more demanding journal literature.
001435655 588__ $$aDescription based on print version record.
001435655 650_0 $$aInternational trade.
001435655 650_0 $$aEconomic development.
001435655 650_6 $$aCommerce international.
001435655 650_6 $$aDéveloppement économique.
001435655 655_0 $$aElectronic books.
001435655 7001_ $$aSchelnast, Matthias.
001435655 77608 $$iPrint version:$$aFarmer, Karl.$$tGrowth and International Trade.$$dBerlin, Heidelberg : Springer Berlin / Heidelberg, ©2021$$z9783662629420
001435655 830_0 $$aSpringer texts in business and economics.
001435655 852__ $$bebk
001435655 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-662-62943-7$$zOnline Access$$91397441.1
001435655 909CO $$ooai:library.usi.edu:1435655$$pGLOBAL_SET
001435655 980__ $$aBIB
001435655 980__ $$aEBOOK
001435655 982__ $$aEbook
001435655 983__ $$aOnline
001435655 994__ $$a92$$bISE