Technical Progress and Economic Growth

Business Cycles and Stabilization Policies

  • Franco Nardini

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 500)

Table of contents

  1. Front Matter
    Pages I-XVII
  2. A Two-Sector Disequilibrium Model

    1. Front Matter
      Pages 1-3
    2. Franco Nardini
      Pages 15-22
    3. Franco Nardini
      Pages 23-29
    4. Franco Nardini
      Pages 31-41
  3. Growth and Business Cycles

    1. Front Matter
      Pages 43-45
    2. Franco Nardini
      Pages 53-61
  4. Stabilization Policies

    1. Front Matter
      Pages 75-77
    2. Franco Nardini
      Pages 83-91
    3. Franco Nardini
      Pages 101-110
    4. Franco Nardini
      Pages 111-117
  5. The Open Economy: Importing from a Developing Country

    1. Front Matter
      Pages 119-121
    2. Franco Nardini
      Pages 123-126
    3. Franco Nardini
      Pages 127-131
    4. Franco Nardini
      Pages 149-151
    5. Franco Nardini
      Pages 153-157
    6. Franco Nardini
      Pages 159-175
    7. Franco Nardini
      Pages 177-177
    8. Franco Nardini
      Pages 179-183
  6. Back Matter
    Pages 185-194

About this book


In this book we intend to discuss economic fluctuations and growth and possible stabilizing fiscal policies. Since these topics are major preoccupa­ tions of economic theorists and have been extensively discussed since the classics, one may wonder why another book on these subjects. A possible defense is that we are going to do so in the framework of a two-sector model where the main featureS of each sector depend on the characteristics of the goods produced by the sector itself. The conventional wisdom suggests that the problem of (dis )aggregation in growth and business cycle theory is basically a quantitative one: the model should consider as many sectors, goods, and agents as necessary to provide a sufficiently rich picture, the upper bound obviously resulting from the tractability of the problem. In this attitude the same equilibrium (or diseqUilibrium) assumptions generally hold true throughout all sectors. Here we want to prove the relevance of an alternative approach: we look at the qualitative differences across sectors and at the peculiarities of each market as at the determinants of the economic dynamics. This tradition goes back over one hundred years to Tugan-Baranowkj and has been de­ veloped by Aftalion, Fanno, Spiethof, and Lowe, but has never been sys­ tematically formalized.


Adiabatic Approximations Business Cycle Depression Economic Growth Fiscal Policy Fiskalpolitik Inflation Konjunktur Multi-sector Model Wachstumstheorie productivity

Authors and affiliations

  • Franco Nardini
    • 1
  1. 1.Department of Mathematics for Economics and Social SciencesUniversity of BolognaBolognaItaly

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 2001
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-41596-1
  • Online ISBN 978-3-642-56659-2
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site
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