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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.

Suggested Citation

  • Turnovsky, S., 2000. "Growth in an Open Economy: some Recent Developments," Papers 5, Warwick - Development Economics Research Centre.
    • Handle: RePEc:fth:warwde:5
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    Keywords

    ECONOMIC GROWTH ; ECONOMIC THEORY;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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