Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s...

This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is...

This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical...

Arup Mitra is a professor of Economics at the Institute of Economic Growth, Delhi. His research interest include issues in the area of urban development, labour and welfare, industrial growth and productivity and gender inequality. He has published in a number of international and national...

Melitz-Modelle und endogene Wachstumsmodelle im handelstheoretischen Kontext -- Modelltheoretischer Vergleich hinsichtlich der Implikationen zu Wohlfahrtseffekten einer Handelsliberalisierung -- Empfehlung zur Modellauswahl für relevante Fragen und Anwendungsfälle.

Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.

This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which...

One of the most striking macroeconomic developments during the last three decades is the rise and persistence of large fiscal deficits in a number of countries. Despite recent major fiscal reforms around the world, many countries suffer from recurrent large fiscal imbalances that often reflect...

Talks about the relationship between FDI and economic growth with special attention to Central and Eastern Europe countries. With the help of modern panel data econometrics, this book carries out empirical evidence of growth enhancing effect of FDI in the transition countries, and explains for...