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We live in a world where capital is free to move. Increasingly this determines the pattern of international growth. Savings are invested in the country yielding the highest return, thus adding to its stock of capital. This development is espe- cially true of common markets such as the European Union, which are based on free trade and financial openness. The present monograph deals with internatio- nal growth, featuring the dynamics of foreign debt and domestic capital. I had many helpful talks with my colleagues at Hamburg: Michael Schmid (now at Bamberg), Franco Reither, Wolf Schlifer, Thomas Straubhaar and Johannes Hackmann. In addition, Michael Brauninger and Philipp Lichtenauer carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich did the secretarial work as excellently as ever. I wish to thank all of them. Contents INTRODUCTION 3 BRIEF SURVEY OF THE LITERATURE 9 SMALL OPEN ECONOMY 15 CHAPTER I. 1. Solow Model 15 1.1. Foreign Assets 15 1.1.1. Steady State 15 Process of Adjustment 25 1.1.2.

ASIN ‏ : ‎ B000PC12L4
Publisher ‏ : ‎ Physica
Accessibility ‏ : ‎ Learn more
Publication date ‏ : ‎ December 6, 2012
Edition ‏ : ‎ Softcover reprint of the original 1st ed. 1997
Language ‏ : ‎ English
File size ‏ : ‎ 1.9 MB
Enhanced typesetting ‏ : ‎ Not Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Not Enabled
Print length ‏ : ‎ 226 pages
ISBN-13 ‏ : ‎ 978-3642592560
Page Flip ‏ : ‎ Not Enabled
Part of series ‏ : ‎ Contributions to Economics
Best Sellers Rank: #1,274,782 in Kindle Store (See Top 100 in Kindle Store) #230 in International Economics (Kindle Store) #1,245 in International Economics (Books) #4,789 in Business Economics (Kindle Store)

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