Theory Of Technical Change And Economic Invariance
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Theory Of Technical Change And Economic Invariance
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Author : Ryuzo Sato
language : en
Publisher: Academic Press
Release Date : 2014-05-10
Theory Of Technical Change And Economic Invariance written by Ryuzo Sato and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.
Theory of Technical Change and Economic Invariance: Application of Lie Groups presents the economic invariance problems observable behavior under general transformations such as taste change or technical change. This book covers a variety of topics in economic theory, ranging from the analysis of production functions to the general recoverability problem of optimal dynamic behavior. Organized into nine chapters, this book begins with an overview of the theory of observable behavior by analyzing the invariant relationships among economic variables. This text then examines the Lie group theory which provides one of the most efficient methods of studying invariance properties. Other chapters consider the analysis of exogenous technical change, a process partly due to dynamic market forces of supply and demand. This book discusses as well the topics closely related to parametric changes under Lie groups and related transformations. The final chapter deals with mathematical foundations of the theory of observable market behavior. This book is a valuable resource for economists.
Biased Technical Change And Economic Conservation Laws
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Author : Ryuzo Sato
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-06-01
Biased Technical Change And Economic Conservation Laws written by Ryuzo Sato and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-06-01 with Business & Economics categories.
Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs. In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.
Symmetry And Economic Invariance
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Author : Ryuzo Sato
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-12-09
Symmetry And Economic Invariance written by Ryuzo Sato and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-09 with Business & Economics categories.
Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties. Although the professional economist of today is adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered. Part I provides an introduction that minimizes prerequisites including prior knowledge of group theory. Part II discusses recent developments in the field.
Economics Of Structural And Technological Change
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Author : Cristiano Antonelli
language : en
Publisher: Routledge
Release Date : 2002-09-11
Economics Of Structural And Technological Change written by Cristiano Antonelli and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Business & Economics categories.
Technology has long been seen as a path to economic growth. However there is considerable debate about the exact nature of this relationship. Economics of Structural and Technological Change employs a wide range of theoretical and applied approaches to explore the concept of technological change. The book begins with a series of in-depth discussions of the economic analysis of technological change. The second section contains a discussion of theoretical models of technological change, focusing on issues such as time and innovation. The third section brings together a number of applied analyses of technological change and examines the effect of factors such as human resource constraints, patenting and science and technology indicators.
Symmetry And Economic Invariance An Introduction
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Author : Ryuzo Sato
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Symmetry And Economic Invariance An Introduction written by Ryuzo Sato and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Symmetry and Economic Invariance: An Introduction explores how symmetry and invariance of economic models can provide insights into their properties. While the professional economist is nowadays adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered.
Economic Theory Dynamics And Markets
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Author : Takashi Negishi
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Economic Theory Dynamics And Markets written by Takashi Negishi and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Economic Theory, Dynamics, and Markets. The collection of essays in honor of Ryuzo Sato, written by his colleagues and students, covers the many fields of economic theory and policy to which he has contributed. The first section pays tribute to his contributions to mathematical economics and economic theory. Ryuzo Sato is known for his work in growth theory and technical progress, and the second section has a number of papers on macroeconomics and dynamics. The third section has a number of papers on financial markets and their functioning in Japan and the United States. The next section examines various aspects of the economics of firms and industry. Ryuzo Sato has been very involved in analyzing the economic and business relations between Japan and the United States, and the last section is devoted to comparative analysis of economic systems.
Technological Change And Network Effects In Growth Regimes
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Author : Torsten Heinrich
language : en
Publisher: Routledge
Release Date : 2014-06-03
Technological Change And Network Effects In Growth Regimes written by Torsten Heinrich and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-03 with Business & Economics categories.
In this new volume it is argued that network effects are much more common than usually assumed, and that they have a profound impact on many aspects of economic systems, especially technological change and economic growth. The analysis and modelling of this interrelationship is the central focus of this book. While there exists a vast body of literature on economic growth, the theories put forward so far have had limited success in explaining observed patterns of economic growth. ‘Growth cycles’ in particular continue to elude standard economic models, though evolutionary economics has made some progress. Seeking to fill the gap, Torsten Heinrich’s innovative approach uses microeconomics to explain heterogeneous sectoral dynamics on the meso level, and then aggregating these to observed macroeconomic growth rates. In this way, it is shown that an evolutionary model of technological change with network effects can explain not only commonly observed asymmetric industry structures, monopolies and oligopolies but also ‘growth cycles’. The book includes a comprehensive account of the most influential economic growth theories, a discussion of the research on network effects as well as an introduction to the methodology, the model, and a case study on the recent emergence of information and communication technology. This important new volume will be relevant to all those interested in theoretical economics, growth theory, innovation economics, agent based modelling and industry dynamics.
The Political Economy Of U S Tariffs
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Author : Réal P. Lavergne
language : en
Publisher: Elsevier
Release Date : 2014-05-12
The Political Economy Of U S Tariffs written by Réal P. Lavergne and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-12 with Political Science categories.
The Political Economy of U.S. Tariffs: An Empirical Analysis provides information pertinent to the political economy of trade barriers. This book discusses the cross-sectional regression analysis across industries to understand why some industries have been more privileged than others. Organized into seven chapters, this book begins with an overview of the structure of protection and identifies the primary actors or principles that condition the formation of trade policy more generally. This text then evaluates the institutional and theoretical reasons why political leverage should not be expected to play a significant role in explaining tariffs. Other chapters consider the notion that the structure of protection at any point in time represents some sort of equilibrium. This book discusses as well the distinction between nominal and effective tariffs. The final chapter deals with individual regressors and groups of regressors. This book is a valuable resource for economists and specialists in quantitative analysis.
International Economics Policies And Their Theoretical Foundations
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Author : John M. Letiche
language : en
Publisher: Academic Press
Release Date : 2014-05-12
International Economics Policies And Their Theoretical Foundations written by John M. Letiche and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-12 with Business & Economics categories.
International Economics Policies and Their Theoretical Foundations: A Source Book provides information pertinent to the increasing differentiation of international economic policies among the developed and developing market economies. This book presents an analysis of fundamental principles of international economics. Organized into nine parts encompassing 33 chapters, this book begins with an overview of the certain elements of the relationship between the developing and the developed countries that the developing countries find particularly irksome. This text then analyzes the determinants of secular changes in the terms of trade and attempt to assess the influence of these changes on the development of a poor country. Other chapters consider the different concepts of the terms of trade, including the gross barter, income, net barter or commodity, and utility terms of trade. The final chapter deals with the economic scenarios for the 1980s. This book is a valuable resource for teachers, students, and government officials.
Dynamic Policy Games In Economics
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Author : F. van der Ploeg
language : en
Publisher: Elsevier
Release Date : 2014-06-28
Dynamic Policy Games In Economics written by F. van der Ploeg and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Business & Economics categories.
The aim of this volume is to consider intertemporal and strategic issues in the formulation of economic policy so that dynamic game methodology is appropriate. When changes in economic policy are evaluated the reactions and expectations of other economic agents cannot be ignored, and in a dynamic setting issues like time inconsistency, subgame perfectness, reputation and information become important.The papers contained in this volume are the revised versions of those presented at a conference held in 1988 at Tilburg University, The Netherlands. They include methodological contributions and strategic analyses of macroeconomic policy, resource economics, international policy coordination and the arms race.