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Format: E-bok
Filformat: PDF med LCP-kryptering (0.0 MB)
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Språk: Engelska
Antal sidor: 400
Utgivningsdatum: 2002-10-24
Förlag: Cambridge University Press
ISBN: 9780511028915

Theory of Economic Growth E-bok

Name: Theory of Economic Growth
Price: 557.00 SEK
Availability: InStock
Author: David De La Croix, Philippe Michel
ISBN: 9780511028915

Dynamics and Policy in Overlapping Generations

av David De La Croix, Philippe Michel

E-bok (PDF, LCP), Engelska, 2002-10-24

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Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers.

Fertility, Education, Growth, and Sustainability

David De La Croix, David De La Croix, David De La Croix

Fertility choices depend not only on the surrounding culture but also on economic incentives, which have important consequences for inequality, education and sustainability. This book outlines parallels between demographic development and economic...

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