Book Description
This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.
Author : David de la Croix
Publisher : Cambridge University Press
Page : 400 pages
File Size : 17,47 MB
Release : 2002-10-24
Category : Business & Economics
ISBN : 9780521001151
This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.
Author : W. Arthur Lewis
Publisher :
Page : pages
File Size : 45,9 MB
Release : 1970
Category :
ISBN :
Author : Blair Fix
Publisher : Springer
Page : 129 pages
File Size : 40,45 MB
Release : 2014-12-09
Category : Business & Economics
ISBN : 3319128264
Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.
Author : Oded Galor
Publisher : Princeton University Press
Page : 344 pages
File Size : 33,89 MB
Release : 2011-04-11
Category : Business & Economics
ISBN : 140083886X
For most of the vast span of human history, economic growth was all but nonexistent. Then, about two centuries ago, some nations began to emerge from this epoch of economic stagnation, experiencing sustained economic growth that led to significant increases in standards of living and profoundly altered the level and distribution of wealth, population, education, and health across the globe. The question ever since has been--why? This is the first book to put forward a unified theory of economic growth that accounts for the entire growth process, from the dawn of civilization to today. Oded Galor, who founded the field of unified growth theory, identifies the historical and prehistorical forces behind the differential transition timing from stagnation to growth and the emergence of income disparity around the world. Galor shows how the interaction between technological progress and population ultimately raised the importance of education in coping with the rapidly changing technological environment, brought about significant reduction in fertility rates, and enabled some economies to devote greater resources toward a steady increase in per capita income, paving the way for sustained economic growth. Presents a unified theory of economic growth from the dawn of civilization to today Explains the worldwide disparities in living standards and population we see today Provides a comprehensive overview of the three phases of the development process Analyzes the Malthusian theory and its empirical support Examines theories of demographic transition and their empirical significance Explores the interaction between economic development and human evolution
Author : Mark Setterfield
Publisher : Edward Elgar Pub
Page : 475 pages
File Size : 47,94 MB
Release : 2010
Category : Business & Economics
ISBN : 9781847204028
Included in the text are comprehensive interpretations of subjects such as: the relationship between aggregate supply and demand and long run growth, the interaction of growth and technical change, and international and regional a vibrant and ongoing research effort to understand the macrodynamics of capitalist economies. As such, this Handbook provides a valuable springboard for further research that will continue the development of these theories, inspiring both existing researchers and those new to the field to build upon the body of work the volume represents. --
Author : Joseph E. Stiglitz
Publisher :
Page : 497 pages
File Size : 38,99 MB
Release : 1979
Category :
ISBN :
Author : Alfonso Novales
Publisher : Springer Science & Business Media
Page : 543 pages
File Size : 30,29 MB
Release : 2008-10-20
Category : Business & Economics
ISBN : 354068669X
This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook. Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website to illustrate theoretical results as well as to simulate the effects of economic policy interventions.
Author : Philippe Aghion
Publisher : MIT Press
Page : 720 pages
File Size : 10,99 MB
Release : 1998
Category : Business & Economics
ISBN : 9780262011662
"Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Author : R. Ramanathan
Publisher : Springer Science & Business Media
Page : 358 pages
File Size : 20,93 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 3642455417
This book is an outgrowth of years of teaching and doing re search at the University of California, San Diego (UCSD), in the area of economic growth. Although there have been several books on this topic published in the last eight years, I have been dis satisfied with them for several reasons. First, books such as those by Wan, Burmeister and Dobell are uneven in their technical difficulty and, while they are excellent, are apparently difficult for first year graduate students and advanced undergraduates. Solow's expository book, on the other hand, is at the other ex treme. Furthermore, many of the books seem to be aimed at the authors' peers rather than the students. My primary objective in writing this book is to bridge this gap and to pitch, very appro priately I hope, at the level of a typical student enrolled in a beginning course in growth theory. Secondly, almost all the growth models in the literature can be recast in a single analyti cal framework. Although the various authors have not written so as to conform to any particular pattern, it -is the function of a textbook writer to identify such a pattern, if it exists, and pre sent the theory in that framework. Many authors make implicit as sumptions about their models which are either never specified or sometimes specified in footnotes.
Author : Graham Hacche
Publisher : Palgrave
Page : 349 pages
File Size : 40,31 MB
Release : 1979
Category : Economic development
ISBN : 9780333235713