Endogenous Growth, Market Failures and Economic Policy

Viac o knihe

The book presents innovative macroeconomic policy perspectives derived from New Growth Theory, emphasizing the impact of market imperfections. It explores how monopolistic competition can enhance the effectiveness of fiscal policy and support the protection of emerging industries. By employing a formal framework, it addresses fiscal, monetary, and trade policies, offering a comprehensive analysis of their roles in fostering economic growth amidst market failures.