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Growth and International Trade: An Introduction to the Overlapping Generations Approach by Farmer, Karl

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

by Farmer , Karl
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Book cover type: Paperback
  • ISBN13: 9783662629451
  • Binding: Paperback
  • Subject: Economics
  • Publisher: Springer Verlag
  • Publisher Imprint: Springer
  • Publication Date:
  • Pages: 612
  • Original Price: EUR 59.99
  • Language: English
  • Edition: N/A
  • Item Weight: 840 grams
  • BISAC Subject(s): Development / Economic Development

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.

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 is a former lecturer for macro, micro, and international economics at the department of economics at the University of Graz. His research focuses on public debt and optimal debt reduction.

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