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Item Details
Title:
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RAPID GROWTH AND RELATIVE DECLINE
MODELLING MACROECONOMIC DYNAMICS WITH HYSTERESIS |
By: |
Mark Setterfield |
Format: |
Hardback |
List price:
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£57.50 |
We believe that this item is permanently unavailable, and so we cannot source
it.
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ISBN 10: |
0333637364 |
ISBN 13: |
9780333637364 |
Publisher: |
PALGRAVE MACMILLAN |
Pub. date: |
18 December, 1996 |
Pages: |
224 |
Description: |
Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth sow the seeds of its own destruction? This book addresses these questions by conceiving growth and structural change as path dependent processes. |
Synopsis: |
Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? This book addresses these questions by conceiving growth and structural change as path dependent processes. Methodological, theoretical and empirical insights are combined in an extended model of cumulative causation, which shows how endogenously induced technological and institutional changes may cause the dynamics of a period of high growth to break down. This casts new light on the debate over Britain's economic decline. |
Illustrations: |
tables, index |
Publication: |
UK |
Imprint: |
Palgrave Macmillan |
Returns: |
Non-returnable |
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