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 Economic Growth and Structural Changes

Young‐Iob Chung

in Korea under Siege, 1876-1945: Capital Formation and Economic Transformation

Published in print:
2006
Published Online:
September 2006
ISBN:
9780195178302
eISBN:
9780199783557
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195178300.003.0008
Subject:
Economics and Finance, South and East Asia

This chapter analyzes the impact of investment on Korea's economic growth and structural changes relative to aggregate production — which is measured in terms of gross domestic product — during the ... More


An Alternative Approach: Remodelling and Refinements

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

The argument developed in the previous chapter was based on the tacit assumption that the production of goods by means of goods and labour is independent of the feeding of labour, and was described ... More


Real Business Cycles

Lutz G. Arnold

in Business Cycle Theory

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199256815
eISBN:
9780191698385
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199256815.003.0005
Subject:
Economics and Finance, Financial Economics

This chapter presents a very simple Real Business Cycle (RBC) model and introduces a more elaborate basic RBC model. It also discusses some extensions to the basic RBC model. The chapter furthermore ... More


Lessons about Business Cycles

Lutz G. Arnold

in Business Cycle Theory

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199256815
eISBN:
9780191698385
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199256815.003.0007
Subject:
Economics and Finance, Financial Economics

This chapter summarizes the lessons about business cycles that can be derived from the expounded theories. It provides a brief evaluation of the five schools of thought by raising three questions — ... More


Introduction

Lutz G. Arnold

in Business Cycle Theory

Published in print:
2002
Published Online:
October 2011
ISBN:
9780199256815
eISBN:
9780191698385
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199256815.003.0001
Subject:
Economics and Finance, Financial Economics

This chapter begins by discussing that business cycles came to be regarded as such in the nineteenth century. It then enumerates five schools of thought which provide alternative explanations for ... More


Welfare Economics and Economies of Scale

James A. Mirrlees

in Welfare, Incentives, and Taxation

Published in print:
2006
Published Online:
October 2011
ISBN:
9780198295211
eISBN:
9780191685095
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198295211.003.0006
Subject:
Economics and Finance, Public and Welfare, Development, Growth, and Environmental

This chapter discusses the different ‘fundamental’ theorems of welfare economics. One theorem states that a competitive equilibrium is Pareto-efficient and that a welfare optimum can be implemented ... More


The Economics of the Term Structure of Interest Rates

Claus Munk

in Fixed Income Modelling

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199575084
eISBN:
9780191728648
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199575084.003.0005
Subject:
Economics and Finance, Financial Economics

The issuer of a bond is borrowing money from the holder of the bond and promises to pay back the loan according to a predefined payment scheme. An individual who has a clear preference for current ... More


The Economics of the Term Structure of Interest Rates

Claus Munk

in Financial Asset Pricing Theory

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199585496
eISBN:
9780191751790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199585496.003.0011
Subject:
Economics and Finance, Econometrics

This chapter focuses on the consequences of general asset pricing theory for the pricing of bonds and for the term structure of interest rates implied by bond prices. After a short introduction to ... More


Introduction and Preliminaries

Francesco Caselli

in Technology Differences over Space and Time

Published in print:
2016
Published Online:
January 2018
ISBN:
9780691146027
eISBN:
9781400883608
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691146027.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This book examines how the mode of production, or production technology, varies systematically across countries, depending on their endowments of different factors of production. Using aggregate ... More


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