You might also like

More about Efficient Economic Growth

• Book details
• Synopsis
• Trending among others

You get 125 loyalty points

Book synopsis

The book is about the well-known problem that a perfectlycompetitive economy, even if endowed with perfect foresight,can grow in an efficient manner. The causes of this strangeinefficiency are analyzed, and sufficientconditions forefficient economic growth are discussed. The most importantcontribution is the elaboration of a rather well-known, yetunproved, hypothesis which says that the existence of anonproducible productive asset, like land, prevents dynamicinefficiency. This is shown to hold outside steady stategrowth paths. Applications of the theoretical concepts andresults are straightforward and are discussed in detail. Theapplications include the efficient use ofexhaustibleresources over time, the possibility of "bubbles" infinancial markets, the theory of interest rates, andquestions concerning optimal social security.

Book details

Book category Books in English Economics, finance, business & management Economics

• Full title: Efficient Economic Growth
• Author: Stefan Homburg
• Language: English
• Binding: Hardback
• Number of pages: 107
• EAN: 9783540549956
• ISBN: 3540549951
• ID: 01565493
• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Weight: 770 g
• Dimensions: 235 × 155 × 11 mm
• Date of publishing: 17. January 1992

Trending among others

---

---

---