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Book cover of International Macroeconomic Dynamics by Stephen Turnovsky

International Macroeconomic Dynamics

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342

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Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness?

Author portrait of Stephen Turnovsky

Stephen Turnovsky

Stephen Turnovsky (born 1941) is a New Zealand economist and the Ford and Louisa Van Voorhis Professor of Political Economy at the University of Washington.He is one of the most highly cited economists in the world. As of November 2015, Research Papers in Economics ranks him as the 32nd most influential economist. RePEc reports that he has published over 5000 pages in academic journals, making him one of the top 5 most prolific economists.
A native of Wellington, New Zealand, Turnosky attended Victoria University of Wellington, majoring in mathematics and economics. After earning a bachelor's degree in 1962, and a master's in 1963, he continued his education at Harvard University, receiving his Ph.D. In 1968.
Turnovsky's economic interests are largely centered around macroeconomics. His most recent publishings are "The Distributional Consequences of Trade Liberalization: Consumption Tariff versus Investment Tariff Reduction" and "Population Size Effects in the Structural Development of England". Turnovsky also serves on various advisory boards for a number of journals. He currently serves as a Co-editor of Macroeconomics Dynamics and as an Associate Editor of the Journal of Public Economic Theory.

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