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Growth in an Open Economy: some Recent Developments

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  • Turnovsky, S.

Abstract

This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open economy. After setting out a basic generic model, we show how it may yield two of the key models that have played a prominent role in the recent literature, the endogenous growth model and the non-scale growth model.

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Bibliographic Info

Paper provided by Warwick - Development Economics Research Centre in its series Papers with number 5.

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Length: 68 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:warwde:5

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Postal: University of Warwick, Development Economics Research Center, Coventry CV4 7AL, United Kingdom.
Phone: +44 (0) 2476 523202
Fax: +44 (0) 2476 523032
Web page: http://www.warwick.ac.uk/fac/soc/Economics/
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Keywords: ECONOMIC GROWTH ; ECONOMIC THEORY;

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References

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Cited by:
  1. Aykut Kibritcioglu, . "On The Smithian Origins Of "New" Trade And Growth Theories," Working Papers _001, Ankara University Faculty of Political Sciences.
  2. Francisco Gallego & Norman Loayza, 2002. "The Golden Period for Growth in Chile: Explanations and Forecasts," Working Papers Central Bank of Chile 146, Central Bank of Chile.
  3. Norman Loayza & Pablo Fajnzylber & César Calderón, 2005. "Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts," World Bank Publications, The World Bank, number 7315, October.
  4. repec:ebl:ecbull:v:2:y:2002:i:1:p:1-15 is not listed on IDEAS
  5. Pozzolo, Alberto Franco, 2004. "Endogenous Growth in Open Economies - A Survey of Major Results," Economics & Statistics Discussion Papers esdp04020, University of Molise, Dept. EGSeI.
  6. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
  7. Pablo Selaya & Eva R. Sunesen, 2008. "Does Foreign Aid Increase Foreign Direct Investment?," Discussion Papers 08-04, University of Copenhagen. Department of Economics.
  8. Chen, Shu-hua & Shaw, Ming-fu & Lai, Ching-chong & Chang, Juin-jen, 2008. "Interest-rate rules and transitional dynamics in an endogenously growing open economy," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 54-75, February.
  9. Ming-fu Shaw & Shu-hua Chen & Ching-chong Lai & Juin-jen Chang, 2004. "Interest Rate Rules, Target Policies, and Endogenous Economic Growth in an Open Economy," IEAS Working Paper : academic research 04-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.

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