Economic Growth in Small Open Economies

István Kónya is Visiting Professor at the Economics Department of the Central European University in Budapest, Hungary, and Research Advisor at the Institute of Economics of the Hungarian Academy of Sciences. Previously, he worked as an assistant professor at Boston College, USA (2001-2004). His research interests are in economic growth, labor economics and international economics. István received his Ph.D. from Northwestern University in 2001. He also holds an M.A. in Economics from the Budapest University of Economics Sciences (1996). He currently teaches Macroeconomic Theory (MA) and Growth and Development (PhD).

• 1. Introduction.- 2.Methodology and stylised facts.- 3. Labour input and labour income.- 4. Capital stock and capacity utilisation.- 5. Growth and development accounting.- 6. The neoclassical growth model.- 7. Markets and distortions.- 8. Growth and the financial environment.- 9. Credit crisis and growth.