Growth and International Trade: An Introduction to the Overlapping Generations Approach

This textbook provides a comprehensive guide to growth and international trade in a Diamond-type overlapping generations framework, covering topics such as bubbles, robots, unemployment, financial integration, climate change policies, and the persistence of religion in a globalized market economy. It is primarily addressed to upper undergraduate and graduate students.

Format: Paperback / softback
Length: 588 pages
Publication date: 02 April 2022
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

This textbook, revised and updated for the second edition, serves as a comprehensive guide to various aspects of growth and international trade within a Diamond-type overlapping generations framework. Employing a consistent model type throughout, it delves into timely topics such as growth with bubbles, robots, and involuntary unemployment, financial integration and house price dynamics, policies to mitigate climate change, and the persistence of religion in a globalized market economy. The first part of the book establishes a foundation by bridging from the "old" growth theory to the "new" growth theory, encompassing R&D and human capital approaches. The second part explores an intertemporal equilibrium theory of inter- and intra-sectoral trade, investigates innovation, growth, and trade, examines the limits of public debt, and discusses nationally and internationally optimal climate policies. Additionally, the book investigates the debt dynamics of the Euro Zone and delves into the origins of intra-EMU and Asian-US trade imbalances. Primarily intended for upper undergraduate and graduate students seeking to delve into the analytically more demanding journal literature, this textbook offers a valuable resource for understanding the complexities of economic growth and international trade.

Weight: 926g
Dimension: 235 x 155 (mm)
ISBN-13: 9783662629451
Edition number: 2nd ed. 2021