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OverviewWhat political and economic factors stimulate growth and make an economy expand? These original contributions by some leading macroeconomists and political economists explore a broad spectrum of social, political and technological variables that encourage or impede economic growth. Topics range from economic reform and price flexibility to the economic effects of political coups and include both theoretical analysis and empirical results. During the 1980s, economists saw important new developments linking growth and business cycles to government policy. These contributions provide an understanding of the processes and their effect in shaping economic policy. They look at the welfare side of economics and offer strong economic models to explain the connection between social policies and economic growth. For example, John Londegran and Keith Poole address the economic effects of political coups, Torsten Persson and Guido Tabellini explore the question of whether inequality is harmful for growth, and Stephen Parente and Edward Prescott look at the role of technology adoption in stimulating growth. The essays cover a wide range of approaches. Several focus on the interaction between growth and the choice of policy, where policy reacts to economic and distributional considerations through a majority rule process. Others take the policy as given and focus on the empirical estimation of the speed of convergence of rates of growth across states and regions and the importance of externalities and knowledge spillovers for rates of growth. Essays about the business cycle fall into two broad categories. One, arising from the new political economy tradition, examines the effects of election and price decontrols on the business cycle. The other explores the implications of optimal economic policies in a representative agent framework for the cyclical behaviour of the economy. Full Product DetailsAuthor: Alex Cukierman (Tel Aviv Univ) , Zvi Hercowitz , Leonardo Leiderman (Professor, Tel Aviv University) , Leonardo Leiderman (all Professors of Economics, Tel Aviv University, Israel)Publisher: MIT Press Ltd Imprint: MIT Press Dimensions: Width: 15.20cm , Height: 3.90cm , Length: 22.90cm Weight: 0.748kg ISBN: 9780262031943ISBN 10: 0262031949 Pages: 422 Publication Date: 06 October 1992 Recommended Age: From 18 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: No Longer Our Product Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationAlex Cukierman is Professor of Economics at Tel Aviv University. Zvi Hercowitz is Professor of Economics at Tel Aviv University. Leonardo Leiderman is Professor of Economics at Tel Aviv University. Tab Content 6Author Website:Countries AvailableAll regions |
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