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Growth in open economies [PDF]
Carnegie-Rochester Conference Series on Public Policy, 1992 The author surveys recent growth models that try to explain the diversity among countries in rates of economic growth. The author finds that these models can generate differences in growth rates only in the absence of international capital markets. Under these models, if there were free international capital mobility, the growth rate of consumption and
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Macroeconomics in an Open Economy
Science, 1986The customary treatment of national economies as closed and self-contained must be substantially modified to allow for those economies that typically trade goods, services, and securities with other countries in increasing volume. Open economy macroeconomics is essential to understanding the major events of the U.S.
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Fair Wages in the Open Economy
Economica, 1995We show how an extended theory of fair wages can be incorporated in the two-by-two Heckscher-Ohlin model. An important feature of the model is the existence of involuntary unemployment. Several results stand out.
Agell, Jonas, Lundborg, Per
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1973
Many of the standard results of the neoclassical theory of international trade also come into question when exposed to the possibilities of capital heterogeneity and production through historical time. Since this criticism is well documented (cf. [54, 55, 102, 103, 105]), as are the extensions of Keynes’s short-period theory to trade (e.g.
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Many of the standard results of the neoclassical theory of international trade also come into question when exposed to the possibilities of capital heterogeneity and production through historical time. Since this criticism is well documented (cf. [54, 55, 102, 103, 105]), as are the extensions of Keynes’s short-period theory to trade (e.g.
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Targeting Rules for an Open Economy
Open Economies Review, 2011zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Rhee, Hyuk Jae, Turdaliev, Nurlan
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Open macroeconomics in an open economy [PDF]
, 1997 There are three pillars of the new Labour Government''s approach to economic policy: delivering macroeconomic stability, tackling the supply-side barriers to growth and delivering employment and economic opportunities to all. This lecture focuses on the reforms the new government has introduced in order to deliver macroeconomic stability and why open ...
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Open Macroeconomics in an Open Economy
Scottish Journal of Political Economy, 1998There are three pillars to the new Labour Government’s approach to economic policy; delivering macroeconomic stability, tackling supply‐side barriers to growth and delivering employment and economic opportunities to all. This lecture focuses on the new Government’s reforms to deliver macroeconomic stability and the importance of open and transparent ...
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2009
Abstract From national income accounting principles we know that for the open economy aggregate output can be written as: where Y is aggregate output, C is private consumption, I is investment, G is government consumption, EX are exports, and IM are imports.
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Abstract From national income accounting principles we know that for the open economy aggregate output can be written as: where Y is aggregate output, C is private consumption, I is investment, G is government consumption, EX are exports, and IM are imports.
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