The Dynamics Of Economic Growth
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On The Dynamics Of Economic Growth
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Author : Mr.Michael Sarel
language : en
Publisher: International Monetary Fund
Release Date : 1994-11-01
On The Dynamics Of Economic Growth written by Mr.Michael Sarel and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-11-01 with Business & Economics categories.
This paper examines the dynamics of economic growth. First, it demonstrates that the standard neoclassical growth model with constant elasticity of intertemporal substitution is not consistent with the patterns of development we observe in the real world, once we consider the initial conditions. Second, it examines an alternative growth model, which is consistent with endogenously determined initial conditions and also generates dynamics that are in accord with the historical patterns of growth rates, capital flows, savings rates and labor supply. The alternative model is a generalized version of the neoclassical growth model, with increasing rates of intertemporal substitution due to a Stone-Geary type of utility.
The Dynamics Of Economic Growth
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Author : Vu Minh Khuong
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-11-29
The Dynamics Of Economic Growth written by Vu Minh Khuong and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-29 with Business & Economics categories.
The advancement of a nation from poverty to prosperity is not a technical process but a great transformation. At the center of this change are two driving forces _ emotion, which is referred to as aspiration, anxiety, and sense of responsibility; and e
Dynamics In Economic Growth And International Trade
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Author : Bernhard Felderer
language : en
Publisher:
Release Date : 2003
Dynamics In Economic Growth And International Trade written by Bernhard Felderer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Structural Dynamics And Economic Growth
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Author : Richard Arena
language : en
Publisher: Cambridge University Press
Release Date : 2012-05-03
Structural Dynamics And Economic Growth written by Richard Arena and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-03 with Business & Economics categories.
Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.
The Dynamics Of Economic Growth
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Author : Paul Myer Mazur
language : en
Publisher: Englewood Cliffs (N.J.) : Prentice-Hall
Release Date : 1965
The Dynamics Of Economic Growth written by Paul Myer Mazur and has been published by Englewood Cliffs (N.J.) : Prentice-Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 1965 with United States categories.
Structural Dynamics And Economic Growth
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Author : Richard Arena
language : en
Publisher:
Release Date : 2014-05-14
Structural Dynamics And Economic Growth written by Richard Arena and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-14 with BUSINESS & ECONOMICS categories.
Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The mainstream neo-classical models of growth that have largely dominated modern growth theory are based around assumptions of diminishing returns on extra capital with technological innovation and appropriate institutions being seen as key to economic growth. An alternative model of economic growth emerged from the Cambridge school of Keynesian economists in the 1950s and 1960s. This model emphasizes the importance of demand and the dynamics of the growth of industrial systems. The scholar most associated with this approach to economic growth is Luigi Pasinetti whose book Structural Change and Economic Growth (Cambridge University Press, 1981) has been hugely influential to a generation of post-Keynesian economists. This collection evaluates the achievements of Pasinetti's structural dynamics, with contributions from both post-Keynesian economists, including Pasinetti, and from some distinguished and critical neo-classical economists, including Nobel laureate Robert Solow.
Growth Theory Nonlinear Dynamics And Economic Modelling
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Author : William A. Brock
language : en
Publisher: Edward Elgar Publishing
Release Date : 2001-01-01
Growth Theory Nonlinear Dynamics And Economic Modelling written by William A. Brock and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-01 with Business & Economics categories.
'Buz Brock's contribution to economic theory in general and economic dynamics in particular are characterized by an unmatched richness of ideas and by deep theoretical, empirical as well as computational analysis. Brock's contribution to economic dynamics range from one extreme of the field, global stability of stochastic optimal growth models, to another extreme, market instability and nonlinearity in economic and financial modelling and data analysis. But his work also includes environmental and economic policy issues and, more recently, the modelling of markets as complex adaptive systems. This collection of essays reflects Brock's richness of ideas that have motivated economists for more than three decades already and will continue to influence many economists for the next decades to come.' - Cars H. Hommes, University of Amsterdam, The Netherlands 'Buz Brock has been, from the beginning of his career, one of the most original thinkers in dynamic economics. His early work showed that growth with random elements could be studied effectively and above all posed exactly the right questions. His more recent work has brought complexity theory to the fore and shown its implications for financial and other markets. In the process, he has both introduced and used econometric tools to show the relevance of his work to empirically observed phenomena. It is very useful to have his work in collected form.' - Kenneth J. Arrow, Stanford University, US This outstanding collection of William Brock's essays illustrates the power of dynamic modelling to shed light on the forces for stability and instability in economic systems. The articles selected reflect his best work and are indicative both of the type of policy problem that he finds challenging and the complex methodology that he uses to solve them. Also included is an introduction by Brock to his own work, which helps tie together the main aspects of his research to date.
Dynamics Economic Growth And International Trade
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Author : Bjarne Sloth Jensen
language : en
Publisher: University of Michigan Press
Release Date : 2010-03-11
Dynamics Economic Growth And International Trade written by Bjarne Sloth Jensen and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-11 with Business & Economics categories.
While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle.
The Dynamics Of Economic Growth
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Author : Sabyasachi Kar
language : en
Publisher:
Release Date : 2013
The Dynamics Of Economic Growth written by Sabyasachi Kar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Economic development categories.
Kondratiev And The Dynamics Of Economic Development
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Author : Vincent Barnett
language : en
Publisher: Springer
Release Date : 2016-01-06
Kondratiev And The Dynamics Of Economic Development written by Vincent Barnett and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-06 with History categories.
Barnett presents the first in-depth analysis in English of the pioneer of long cycle analysis, N.D. Kondratiev (1892-1938), who was a key policy adviser to the Soviet government in the early part of the 1920s. Kondratiev developed a market-led industrialization strategy for the USSR, in direct opposition to Stalin's centrally-planned industrialization programme, and was the director of the Conjuncture Institute, a centre for the study of business cycles and forecasting between 1920 and 1928. It was within the Conjuncture Institute that Kondratiev developed his analysis of long cycles. Barnett covers all aspects of Kondratiev's work.