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portada Economic Adjustment and Growth: Theory and Practice
Type
Physical Book
Author
Publisher
Language
English
Pages
376
Format
Hardcover
Dimensions
22.9x15.2x2.2 cm
Weight
0.67 kg.
ISBN13
9789811258770
Categories

Economic Adjustment and Growth: Theory and Practice

Delano S. Villanueva (Author) · Robert S. Mariano (Author) · Diwa C. Guinigundo (Author) · World Scientific Publishing Company · Hardcover

Economic Adjustment and Growth: Theory and Practice - Villanueva, Delano S. ; Mariano, Robert S. ; Guinigundo, Diwa C.

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Synopsis "Economic Adjustment and Growth: Theory and Practice "

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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