The Theory Of Aggregate Investment And Output Dynamics In Open Economic Systems

Hardcover | November 1, 1999

byK. K. Dompere, Kofi K. Dompere

not yet rated|write a review
Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolates and analyzes the internal and external factors that influence the adjusting of investment to aggregate finance and profit. It examines the role international trade and finance play in alleviating domestic technological and savings constraints on capital creation and growth. The theory's conclusions are used to analyze the rate of accumulation and finance needed to support a rate of output growth selected as part of an internal aggregate decision process. The analysis is extended to aggregrate development capital-output planning. The study goes on to discuss conceptual and aggregational problems of measures of economic openness implied in the data requirements across national economies. Here a unique set of theoretical measures of economic openness, different from the traditional, is developed. The book, further, presents a critique and appraisal of the essential capital elements implied by endogenous growth theory.

Pricing and Purchase Info

$108.98 online
$124.50 list price (save 12%)
In stock online
Ships free on orders over $25

From the Publisher

Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolat...

Format:HardcoverDimensions:208 pages, 9.56 × 6.38 × 0.81 inPublished:November 1, 1999Publisher:Greenwood PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0313307946

ISBN - 13:9780313307942

Look for similar items by category:

Customer Reviews of The Theory Of Aggregate Investment And Output Dynamics In Open Economic Systems

Reviews