How could the South respond to secular stagnation in the North? von Jörg Mayer | ISBN 9783889856722

How could the South respond to secular stagnation in the North?

von Jörg Mayer
Buchcover How could the South respond to secular stagnation in the North? | Jörg Mayer | EAN 9783889856722 | ISBN 3-88985-672-1 | ISBN 978-3-88985-672-2

How could the South respond to secular stagnation in the North?

von Jörg Mayer
Demand-based growth models worry that secular stagnation in advanced countries reduces developing country growth, via lower exports. Relaxing assumptions and emphasizing cumulative causation forces from domestic-demand growth and relative price effects indicates how the South can maintain growth.