Economic adjustment and growth: Theory and practice

Publication Type

Book

Publication Date

1-2023

Abstract

This book focuses on conceptualizing the process of economic adjustment and growth, and testing it with empirical methods. The critical components of a successful economic growth strategy include physical, financial, and educational infrastructures supported by macro-financial stabilization policies and structural reforms. With this in mind, the authors begin with a review of the neoclassical growth model, before delving into more specialized topics such as endogenous growth, adaptive inflationary expectations, learning by doing, optimal saving, and sustainable foreign debt. The final chapter presents Philippines as a case study, and narrates the evolution of a successful strategy of adjustment and growth practiced by an emerging market economy that had shown stellar pre-pandemic growth performance, low and stable inflation, and a sustainable external current account position.

Discipline

Growth and Development

First Page

1

Last Page

376

ISBN

9789811258787

Identifier

10.1142/12903

Publisher

World Scientific

City or Country

Singapore

Additional URL

https://doi.org/10.1142/12903

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