Innovations in Macroeconomics / Edition 3

Innovations in Macroeconomics / Edition 3

by Paul J.J. Welfens
     
 

Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. Moreover, product and process innovations have been only partially integrated. The analysis suggests new approaches to innovations in open economies in many ways, including the Schumpeterian Mundell-Fleming model and new monetary growth models. A… See more details below

Overview

Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. Moreover, product and process innovations have been only partially integrated. The analysis suggests new approaches to innovations in open economies in many ways, including the Schumpeterian Mundell-Fleming model and new monetary growth models. A specific focus is on the role of innovations for output, employment and exchange rate developments. This book presents a new link between monetary analysis and growth modelling in open economies. Structural change, innovations and growth are considered from a new perspective. With respect to economic policy-in particular innovation policy-the analysis implies major changes, concerning both EU countries and other leading OECD economies.

Product Details

ISBN-13:
9783642119071
Publisher:
Springer Berlin Heidelberg
Publication date:
08/04/2011
Edition description:
3rd ed. 2011
Pages:
634
Product dimensions:
6.14(w) x 9.21(h) x 1.38(d)

Meet the Author

Table of Contents

A Globalization, Specialization and Innovation Dynamics 1

B Saving, Investment and Growth: New Approaches for Macroeconomic Modelling 108

C Economic Integation, Technological Progress and Growth 127

D Impact of the Real Exchange Rate on Trade, Structural Change and Growth 144

E Macroeconomic Aspects of Opening up, Unemployment, Growth and Transition 176

F Productivity Shocks, Innovatins, Stock Market Dynamics and Growth 215

G Innovation Dynamics and Optimum Growth 248

H Trade, Structural Change and Growth in an Open Monetary Economy 275

I Innovations in the Digital Economy: Promotion of R&D and Growth in Open Economics 298

J EU Innovation Policy: Analysis and Critique 351

K Financial Market Integration, Interest Rates and Economic Development 371

L Natural Resources, Oil Prices and Innovation Dynamics 410

References 440

List of Figures 449

List of Tables 454

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