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Introduction

In: Economic Growth

Author

Listed:
  • Alfonso Novales

    (Complutense University of Madrid)

  • Esther Fernández

    (Complutense University of Madrid)

  • Jesús Ruiz

    (Complutense University of Madrid)

Abstract

This is a book on Growth Theory and on the numerical methods needed to fully characterize the properties of most Growth models. In this introductory chapter, we describe the main characteristics of different families of Growth models and their relevance for policy analysis, which is moving leading economic and financial institutions throughout the world to increasingly rely on their use for forecasting as well as for policy evaluation. In particular, we emphasize how the richer structure provided to Growth models by their Microeconomic foundations allows us to address a much broader set of policy issues than in more traditional structural dynamic models.

Suggested Citation

  • Alfonso Novales & Esther Fernández & Jesús Ruiz, 2014. "Introduction," Springer Texts in Business and Economics, in: Economic Growth, edition 2, chapter 0, pages 1-56, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-54950-2_1
    DOI: 10.1007/978-3-642-54950-2_1
    as

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