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Openness, Human Development, and Fiscal Policies

Delano Villanueva ()

Chapter 5 in Macroeconomic Policies for Stable Growth, 2008, pp 135-175 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Endogenous GrowthReduced ModelStabilityEquilibrium Capital Intensity and GrowthComparative DynamicsEffects of a Higher Saving RateEffects of Openness, Human Development Spending, and Technical ChangeEffects of Fiscal Deficits and Population GrowthOptimal Long-Run GrowthThe Speed of Adjustment Toward EquilibriumAnalytical ApproachSimulationEmpirical ApproachSummary and ConclusionsAppendix 5.A: Data Used in the StudyAppendix 5.B: The Endogenous Growth Model in a Ramsey FrameworkThe ModelThe Reduced ModelComparative DynamicsOptimal Saving RateThe Speed of Adjustment to EquilibriumConclusionReferences

Keywords: Macroeconomic Policies; Economic Growth; Macroeconomic Stabilization; External Debt Management; Financial Liberalization/Integration (search for similar items in EconPapers)
JEL-codes: E O (search for similar items in EconPapers)
Date: 2008
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