also exhibited the fastest growth among MICs. Countries with more stable credit growth, by contrast, have exhibited, on … average, lower growth rates. Factors that contribute to financial fragility thus appear, paradoxically, to be a source of long …-run growth as well. Tornell and Westermann analyze boom-bust cycles in the developing world and discuss how these cycles are …

brilliance as well as for his sometimes controversial opinions. Highly respected for his scholarly writings in finance, with this … what that theory reveals about business cycles, growth, and labor economics. In Exploring General Equilibrium, Black … cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain …

growth and prosperity after a financial crisis and deep depression in the early 1990s. Economic Prosperity Recaptured offers … 1980s through deep crisis in the early 1990s to recovery and growth since the mid-1990s. Finland's complex road to recovery … channel" of the monetary system. Finland's rapid economic growth since the mid-1990s is largely the result of its structural …

Innovation in information and communication technology (ICT) fuels the growth of the global economy. How ICT markets … innovation and economic growth require new approaches in global governance that will reconcile diverse interests and enable …

Robert Solow received the Nobel Prize in economics in 1987, and his contributions to growth theory, productivity, and … Dixit offer useful surveys of the growth literature. Hahn reflects on specific problems in standard growth models, while …

decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential … guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general … equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and …

What political and economic factors stimulate growth and make an economy expand? These original contributions by some … technological variables that encourage or impede economic growth. Topics range from economic reform and price flexibility to the …, economists have seen important new developments linking growth and business cycles to government policy. These contributions …

developing countries. This book is the first to study the significant-growth in foreign direct investment by such countries and …

growth; institutional aspects of the innovation process; and the effectiveness of monetary policy in stabilizing the economy. …