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Growth and International Trade

An Introduction to the Overlapping Generations Approach

  • Textbook
  • © 2013

Overview

Authors:
  1. Karl Farmer

    1. , Department of Economics, University of Graz, Graz, Austria

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    You can also search for this author in PubMed   Google Scholar

  2. Matthias Schelnast

    1. , Department of Economics, University of Graz, Graz, Austria

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Easy-to-follow guide for students wishing to proceed to journal literature
  • Unified model framework throughout the book
  • Treatment of highly topical subjects in growth and international economics (e.g. euro crisis, growth with bubbles, religion and economic growth)
  • Provides a lot of empirical data on growth and international trade
  • Includes supplementary material: sn.pub/extras

Part of the book series: Springer Texts in Business and Economics (STBE)

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Table of contents (18 chapters)

  1. Front Matter

    Pages i-xv
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  2. Growth and International Trade: Introduction and Stylized Facts

    • Karl Farmer, Matthias Schelnast
    Pages 1-26

  3. Growth

    1. Front Matter

      Pages 27-27
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    2. Modeling the Growth of the World Economy: The Basic Overlapping Generations Model

      • Karl Farmer, Matthias Schelnast
      Pages 29-53

    3. Steady State, Factor Income, and Technological Progress

      • Karl Farmer, Matthias Schelnast
      Pages 55-80

    4. Economic Growth and Public Debt in the World Economy

      • Karl Farmer, Matthias Schelnast
      Pages 81-109

    5. “New“ Growth Theory and Knowledge Externalities in Capital Accumulation

      • Karl Farmer, Matthias Schelnast
      Pages 111-135

    6. Endogenous Technological Progress and Infinite Economic Growth

      • Karl Farmer, Matthias Schelnast
      Pages 137-150

    7. Human Capital, Religion, and Economic Growth

      • Karl Farmer, Matthias Schelnast
      Pages 151-167

    8. Economic Growth With Bubbles

      • Karl Farmer, Matthias Schelnast
      Pages 169-188

  4. International Trade

    1. Front Matter

      Pages 189-189
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    2. International Parity Conditions in a Two-Country OLG Model Under Free Trade

      • Karl Farmer, Matthias Schelnast
      Pages 191-213

    3. Factor Proportion, Inter-Sectoral Trade, and Product Life Cycle

      • Karl Farmer, Matthias Schelnast
      Pages 215-233

    4. Product Differentiation, Decreasing Costs, and Intra-sectoral Trade

      • Karl Farmer, Matthias Schelnast
      Pages 235-257

    5. Globalization, Capital Accumulation, and Terms of Trade

      • Karl Farmer, Matthias Schelnast
      Pages 259-277

    6. Innovation, Growth and Trade in a Two-Country OLG Model

      • Karl Farmer, Matthias Schelnast
      Pages 279-299

    7. Real Exchange Rate and Public Debt in a Two-Advanced-Country OLG Model

      • Karl Farmer, Matthias Schelnast
      Pages 301-331

    8. Public Debt Reduction in Advanced Countries and Its Impacts on Emerging Countries

      • Karl Farmer, Matthias Schelnast
      Pages 333-360

    9. External Balance, Dynamic Efficiency and Welfare Effects of National Climate Policies

      • Karl Farmer, Matthias Schelnast
      Pages 361-390

    10. Nationally and Internationally Optimal Climate Policies

      • Karl Farmer, Matthias Schelnast
      Pages 391-411
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Keywords

About this book

This textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, debt reduction in rich countries and policies to mitigate climate change are explored . The first part starts from the “old” growth theory and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter and intra-sectoral trade and concludes by analyzing the debt mechanics inducing the huge imbalances among eurozone countries. The book is primarily addressed to graduate students wishing to proceed to the analytically more demanding journal literature.

Authors and Affiliations

  • , Department of Economics, University of Graz, Graz, Austria

    Karl Farmer, Matthias Schelnast

About the authors

Univ.-Prof. Dr. Karl Farmer is Vice Dean for students at the Faculty of Business, Economics and Sociology and Head of the department of economics at the University of Graz. His current research addresses the international effects of public debt reduction, climate policy and the euro crisis by means of the Overlapping Generations approach. He is author of many books and articles in established journals as Economic Theory, Economic Modeling, Journal of Economics, Resource and Environmental Economics, International Review of Economics and International Economic Journal among others. 

Mag. Matthias Schelnast is lecturer for macro, micro, and international economics at the department of economics at the University of Graz. He is writing his doctoral thesis on public debt and optimal debt reduction.

Bibliographic Information

  • Book Title: Growth and International Trade

  • Book Subtitle: An Introduction to the Overlapping Generations Approach

  • Authors: Karl Farmer, Matthias Schelnast

  • Series Title: Springer Texts in Business and Economics

  • DOI: https://doi.org/10.1007/978-3-642-33669-0

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2013

  • Hardcover ISBN: 978-3-642-33668-3Published: 02 February 2013

  • eBook ISBN: 978-3-642-33669-0Published: 01 February 2013

  • Series ISSN: 2192-4333

  • Series E-ISSN: 2192-4341

  • Edition Number: 1

  • Number of Pages: XV, 443

  • Number of Illustrations: 90 b/w illustrations

  • Topics: Economic Growth, International Economics

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