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Endogenous Growth, Market Failures and Economic Policy develops, within a rigorous formal framework, innovative and unconventional macroeconomic policy perspectives that can be deduced from the New Growth Theory in the presence of market imperfections, adopting the standard structure of fiscal, monetary and trade policy for the book. For instance, the introduction of monopolistic competition leads to positive growth effects of fiscal policy as well as protection of infant industries.
Published by: Palgrave Macmillan
Publication Date: 1999-01-01
Format: Paperback
ISBN-10: 9781349271313
ISBN-13: 9781349271313
DOI: 10.1007/978-1-349-27129-0
Dimensions: 216cm x140cm
Pages: 199