Titlebook: International Economic Growth; Michael Carlberg Book 1997 Springer-Verlag Berlin Heidelberg 1997 Außenwirtschaft.International Economic Gr

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Michael Carlbergnd Economic and Monetary Union (EMU) with the introduction of the euro, and the . of the EU, in particular the grand enlargements of the EU since 2004. There have been and will be several anniversaries for Austria to celebrate around the years 2014 and 2015: 25 years since the fall of the Iron Curta

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Michael Carlberge interaction between the distribution of wealth and endogenous economic growth. Households exhibit positional preferences, i.e., they derive utility not only from their own consumption level, they are also concerned about their wealth-rank, i.e., their relative wealth position in the distribution o

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section was formed within the Society of Physical Chemistry (Societe de Chimie Physique). Since then, three of the Society‘s annual meetings (the 11th, 17th, and 23rd) were devoted exclusively to the physico-chemical study of biological systems. The first of these was held in June 1961 at a hotel in

Mobile

Brief Survey of the Literature,saving function. Generally, perfect capital mobility is assumed here. Domar (1950) is an early forerunner in dynamic theory. He deals with the effect of foreign investment on the balance of payments. The framework is given by a simple dynamic model of a small open economy. He argues that a capital o

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acrimony

Two Countries,horough analysis of two countries inhabited by overlapping generations. Therefore we shall confine ourselves to a rather short presentation. Along the same lines as in the preceding chapter, the model consists of nine equations:

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Imperfect Capital Mobility,atios, for that matter). This result, however, seems not to be consistent with empirical evidence. Feldstein and Horioka (1980) demonstrated that investment rates are highly correlated with saving rates. In the United States, for instance, foreign debt is nearly 10% of GDP. And in Germany, foreign a

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Endogenous Growth,nomy. Then, in section 2, we shall proceed to a small open economy. Capital mobility will be either perfect or imperfect. And the country in question will be either a debtor or a ceditor. In section 3, we shall inquire into a two-country model. And finally, in section 4, we shall study an infinite h