Departing from the conventional approach to economic growth, these papers collected here tackle the growth problems in capitalist economy, open economy and socialist economy with a novel definition of representative agent's preference: utility is function of both consumption and capital stock...

This paper reexamines monetary non-superneutrality and the optimality of the optimum quantity of money in the money-in-utility Sidrauski model with endogenous fluctuations of the time preference by introducing in?ation aversion. It is shown that the long-run superneutrality of the standard...

A possible reason for the success of the export-oriented economies such as the East Asian "Tigers" is that exports enabled those countries to finance the accumulation of foreign technology and capital. This paper examines the theoretical foundations of this hypothesis. In an intertemporal...