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Openness, Human Development, and Fiscal Policies

In: Macroeconomic Policies For Stable Growth

Author

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  • Delano S. Villanueva

    (Bangko sentral ng pilipinas, Philippines)

Abstract

The following sections are included:Endogenous GrowthReduced ModelStabilityEquilibrium Capital Intensity and GrowthComparative DynamicsEffects of a Higher Saving RateEffects of Openness, Human Development Spending, and Technical ChangeEffects of Fiscal Deficits and Population GrowthOptimal Long-Run GrowthThe Speed of Adjustment Toward EquilibriumAnalytical ApproachSimulationEmpirical ApproachSummary and ConclusionsAppendix 5.A: Data Used in the StudyAppendix 5.B: The Endogenous Growth Model in a Ramsey FrameworkThe ModelThe Reduced ModelComparative DynamicsOptimal Saving RateThe Speed of Adjustment to EquilibriumConclusionReferences

Suggested Citation

  • Delano S. Villanueva, 2008. "Openness, Human Development, and Fiscal Policies," World Scientific Book Chapters, in: Macroeconomic Policies For Stable Growth, chapter 5, pages 135-175, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812818317_0005
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    Cited by:

    1. Delano S Villanueva & Roberto S Mariano & Diwa C Guinigundo & Abbas Mirakhor, 2023. "A Modified Neoclassical Growth Model with Endogenous Labor Participation," World Scientific Book Chapters, in: Economic Adjustment and Growth Theory and Practice, chapter 3, pages 44-64, World Scientific Publishing Co. Pte. Ltd..
    2. Mr. Philip R. Gerson, 1998. "The Impact of Fiscal Policy Variables on Output Growth," IMF Working Papers 1998/001, International Monetary Fund.
    3. Robert Holzmann & Christian Thimann & Angela Petz, 1994. "Pressure to Adjust: Consequences for the OECD Countries from Reforms in Eastern Europe," International Trade 9403001, University Library of Munich, Germany.
    4. Holzmann, Robert, 1996. "Fiscal issues of shifting from unfunded to funded pension," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34300, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

    More about this item

    Keywords

    Macroeconomic Policies; Economic Growth; Macroeconomic Stabilization; External Debt Management; Financial Liberalization/Integration;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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