Dynamics of Endogenous Economic Growth

A Case Study of the Romer Model

AvGordon B. Schmidt

Inbunden, Engelska, 2003

Del 257 i serien Contributions to Economic Analysis

2 158 kr

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Beskrivning

This book is concerned with the methods by which the dynamics of endogenous economic growth systems may be analysed and numerically computed, and with the validation of such numerical computations through qualitative economic reasoning. The methods comprise linearization, phase-space analysis and a variety of numerical integration techniques. In particular, the book provides a detailed examination of the transitional dynamics (the movement from some current state towards a steady-state equilibrium) of the influential endogenous growth model from Paul Romer's 1990 Journal of Political Economy article: "Endogenous Technological Change".

Produktinformation

Utgivningsdatum:2003-04-15
Mått:156 x 234 x 28 mm
Vikt:886 g
Format:Inbunden
Språk:Engelska
Serie:Contributions to Economic Analysis
Antal sidor:508
Förlag:Emerald Publishing Limited
ISBN:9780444512253

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap

Recensioner i media

...Examines the transitional dynamics, from some initial state toward a steady-state equilibrium, of the endogenous growth model presented in Paul Romer's 1990 Journal of Political Economy article entitled "Endogenous Technological Change." Journal of Economic Literature, 2004

Innehållsförteckning

The Romer model - development of the dynamic system; dynamic behavior of the system; linearisation, phase space analysis, and development of an abridged model; numerical integration; economic welfare and policy issues; concluding remarks and policy implications.