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Springer Texts in Business and Economics

Growth and International Trade

An Introduction to the Overlapping Generations Approach

Authors: Farmer, Karl, Schelnast, Matthias

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  • Easy-to-follow guide for students wishing to proceed to analytically more demanding 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
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eBook $84.99
price for USA in USD
  • ISBN 978-3-662-62943-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
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  • Immediate eBook download after purchase
Hardcover $109.99
price for USA in USD
  • ISBN 978-3-662-62942-0
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
About this Textbook

Revised and updated for the 2nd edition, 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, 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 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, investigates innovation, growth and trade and limits to public debt as well as nationally and internationally optimal climate policies. The debt dynamics of the Euro Zone and the origins of intra-EMU and Asian-US trade imbalances are also explored.
The book is primarily addressed to upper undergraduate and graduate students wishing to proceed to the analytically more demanding journal literature.

About the authors

Karl Farmer is a professor emeritus and former head of the department of economics at the University of Graz (Austria). His current research addresses limits to public debt under involuntary unemployment, global climate policy and the effects of robots and digitalization on employment 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. Matthias Schelnast was lecturer for macro, micro, and international economics at the department of economics at the University of Graz. His research focused on public debt and optimal debt reduction.

Table of contents (22 chapters)

Table of contents (22 chapters)
  • Growth and International Trade: Introduction and Stylized Facts

    Pages 1-27

    Farmer, Karl (et al.)

  • Modeling the Growth of the World Economy: The Basic Overlapping Generations Model

    Pages 31-55

    Farmer, Karl (et al.)

  • Steady State, Factor Income, and Technological Progress

    Pages 57-82

    Farmer, Karl (et al.)

  • Economic Growth and Public Debt in the World Economy

    Pages 83-111

    Farmer, Karl (et al.)

  • “New” Growth Theory and Knowledge Externalities in Capital Accumulation

    Pages 113-138

    Farmer, Karl (et al.)

Buy this book

eBook $84.99
price for USA in USD
  • ISBN 978-3-662-62943-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $109.99
price for USA in USD
  • ISBN 978-3-662-62942-0
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Growth and International Trade
Book Subtitle
An Introduction to the Overlapping Generations Approach
Authors
Series Title
Springer Texts in Business and Economics
Copyright
2021
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag GmbH Germany, part of Springer Nature
eBook ISBN
978-3-662-62943-7
DOI
10.1007/978-3-662-62943-7
Hardcover ISBN
978-3-662-62942-0
Series ISSN
2192-4333
Edition Number
2
Number of Pages
XXI, 588
Number of Illustrations
111 b/w illustrations
Topics