Economic Adjustment And Growth: Theory And Practice

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A01=Delano S Villanueva
A01=Diwa C Guinigundo
A01=Robert S Mariano
Adaptive Inflationary Expectations
Adjustment and Growth
Author_Delano S Villanueva
Author_Diwa C Guinigundo
Author_Robert S Mariano
Category=KCG
Emerging Economy Case Study
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Finance and Growth
Human and Intellectual Capital
Labor Participation
Learning by Doing
Optimal Saving
Stabilization and Structural Policies
Sustainable Foreign Debt
Testing Growth Models

Product details

  • ISBN 9789811258770
  • Publication Date: 31 Jan 2023
  • Publisher: World Scientific Publishing Co Pte Ltd
  • Publication City/Country: SG
  • Product Form: Hardback
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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.

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