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
Citation
VILLANUEVA, Delano S.; MARIANO, Roberto; and GUINIGUNDO, Diwa C..
Economic adjustment and growth: Theory and practice. (2023). 1-376.
Available at: https://ink.library.smu.edu.sg/soe_research/2760
Additional URL
https://doi.org/10.1142/12903