Economic Adjustment and Growth: Theory and Practice (Hardcover)

Economic Adjustment and Growth: Theory and Practice By Roberto S. Mariano Delano S. Villanueva, Diwa C Guinigundo Cover Image
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Description


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.

Product Details
ISBN: 9789811258770
ISBN-10: 9811258775
Publisher: World Scientific Publishing Company
Publication Date: January 4th, 2023
Pages: 378
Language: English