Long-Term Fundamentals of the 2008 Economic Crisis

Preprint OPEN
David Mayer-Foulkes;
(2009)
  • Subject: Economic Crisis, Globalization, Solow model
    • jel: jel:G01 | jel:E22

The current economic crisis has long-term causes that are rooted in the economic dynamics of globalization. I construct a Solow-style endogenous model of capital accumulation, technological change, trade and cheap-factor-seeking foreign direct investment (FDI), based on... View more
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