Overview
Novel approaches to innovation dynamics and growth in open economies
New monetary and non-monetary growth models
Discussion of rational innovation policies in OECD countries
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (20 chapters)
-
Front Matter
Keywords
About this book
Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. Moreover, product and process innovations have been only partially integrated. The analysis suggests new approaches to innovations in open economies in many ways, including the Schumpeterian Mundell-Fleming model and new monetary growth models. A specific focus is on the role of innovations for output, employment and exchange rate developments. This book presents a new link between monetary analysis and growth modelling in open economies. Structural change, innovations and growth are considered from a new perspective. With respect to economic policy - in particular innovation policy - the analysis implies major changes, concerning both EU countries and other leading OECD economies.
This important new book sets a new direction for macroeconomics. By linking several strands of fundamental economic thinking into a coherent, integrated framework it provides a pathbreaking understanding into the fundamental forces shaping macroeconomic performance. In particular, by injecting insights from the Schumpeterian model, the author succeeds in presenting a new policy framework to guide economic growth policy.
Prof. Dr. David Audretsch, Institute of Development Strategies, Indiana University, Bloomington, USA
Authors and Affiliations
Bibliographic Information
Book Title: Innovations in Macroeconomics
Authors: Paul J.J. Welfens
DOI: https://doi.org/10.1007/978-3-642-11909-5
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2011
Hardcover ISBN: 978-3-642-11907-1Published: 28 July 2011
Softcover ISBN: 978-3-642-44205-6Published: 02 October 2014
eBook ISBN: 978-3-642-11909-5Published: 23 December 2009
Edition Number: 3
Number of Pages: XXII, 634
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy, R & D/Technology Policy