Economic adjustment and growth : theory and practice
Author(s)
Bibliographic Information
Economic adjustment and growth : theory and practice
World Scientific, c2023
- : hardcover
Available at / 1 libraries
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Library, Institute of Developing Economies, Japan External Trade Organization図
: hardcoverT||330.11||E22023406
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
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.
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