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villanueva d economic adjustment growth theory practice 2023

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Textbook in PDF format This book focuses on conceptualizing the process of economic adjustment and growth, and testing it with empirical methods. The critical components of a successful economic growth strategy include physical, financial, and educational infrastructures supported by macro-financial stabilization policies and structural reforms. With this in mind, the authors begin with a review of the neoclassical growth model, before delving into more specialized topics such as endogenous growth, adaptive inflationary expectations, learning by doing, optimal saving, and sustainable foreign debt. The final chapter presents Philippines as a case study, and narrates the evolution of a successful strategy of adjustment and growth practiced by an emerging market economy that had shown stellar pre-pandemic growth performance, low and stable inflation, and a sustainable external current account position. Introduction and Overview The Basic Neoclassical Growth Model: A Review Testing the Neoclassical Theory of Economic Growth: A Panel Data Approach A Modified Neoclassical Growth Model with Endogenous Labor Participation Capital and Growth Finance and Endogenous Growth Openness, Human Development, and Fiscal Policies Does Monetary Policy Matter for Long-Run Growth? Outward-Oriented Trade Policies and Economic Growth External Debt, Adjustment, and Growth Optimal Saving and Sustainable Foreign Debt Economic Adjustment and Growth: A Summing Up Stabilization Policies and Structural Reforms: The Philippine Case

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Villanueva D. Economic Adjustment and Growth. Theory and Practice 2023.pdf 15.6 MB

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villanueva d economic adjustment growth theory practice 2023