Titlebook: Innovations in Macroeconomics; Paul J. J. Welfens Book 20082nd edition Springer-Verlag Berlin Heidelberg 2008 Economic Policy.Growth.Inter

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Innovation Dynamics and Optimum Growth,accumulation dynamics for capital and certain parameters of the utility function (DIXIT, 1976). Modern growth theory to some extent has added emphasis on the role of human capital formation (LUCAS, 1979), but the mechanics of the basic neoclassical growth model can be retained if one interprets capital as human capital or skilled labor.

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Impact of the Real Exchange Rate on Trade, Structural Change and Growth,à-vis the Euro and other currencies. Long term appreciation does not exclude considerable short term real exchange rate dynamics where stages of temporary nominal and real currency depreciation can be an element of a long term real appreciation process. One thus has to ask which role volatility — in

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Macroeconomic Aspects of Opening Up, Unemployment, Growth and Transition,rn Europe. Anticipating EU eastern enlargement, eastern European transition countries have reoriented the regional focus of trade towards the EU-15 countries. The change in regional orientation coincided with changes in the structure of output and trade. As regards structural change of exports, seve

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Productivity Shocks, Innovations, Stock Market Dynamics and Growth,ncreased in the course of digitization, computer expansion and the internet revolution, at the same time bringing down heavily prices of transactions in financial markets and thus contributing to the internationalization of financial markets and banking. A second key aspect is economic globalization

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Innovation Dynamics and Optimum Growth,oal. From a neoclassical perspective, the basic growth models of SOLOW (1970) emphasize the role of the production function - and the respective input factors capital and labor — and the savings rate, respectively. Growth is modeled as a steady state equilibrium phenomenon which is characterized by