Balanced and Cyclical Growth in Models of Decentralized Economy

2014
ISBN: 978-3-319-07916-5
Verlag: Springer International Publishing

Buch, Englisch, Band 672, 194 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 3226 g

Reihe: Lecture Notes in Economics and Mathematical Systems

This book is devoted to the study of dynamical models of decentralized economic systems. The models considered are based on the Leontief simple dynamic model with various mechanisms for decentralized planning and management. Branches of the economic system are treated as fully independent economic agents that plan their work according to their own purposes. It is shown that the lack of coordination between economic agents leads to a limit cycle for some economic indicators. Conversely, the exchange of information between the economic agents enables a move toward balanced growth. These results are generalized for the model with dynamics of the productive assets and for the model with the final consumption. The analysis also considers a problem of endogenous technological progress in a decentralized economy. The appendix includes a short review of non-negative matrices. The book offers a valuable resource for mathematical economists and graduate students specializing in mathematical economics.

Zielgruppe

Research

Autoren/Hrsg.

Abramov, Alexander P.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Ökonometrie
• Wirtschaftswissenschaften Betriebswirtschaft Wirtschaftsmathematik und -statistik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftswachstum

Inhaltsverzeichnis

Introduction.- Balanced Growth in Decentralized Economies.- Transition to Balanced Growth.- The Finance of the Transition Phase.- Production Capacities in Decentralized Economies.- Models of Technological Progress in Decentralized Economies.- Cyclical Growth in Decentralized Economies.- Final Consumption.- Appendix: Nonnegative Matrices.- Index.

Über Autor(innen)

Alexander P. Abramov is a Chief Researcher at the Dorodnicyn Computing Centre of the Russian Academy of Sciences, Moscow. Education: 1977 Ph.D. in Mathematics, Moscow Institute for Physics and Engineering, 1997 Dr. of Sc. in Mathematics, Computing Centre of the Russian Academy of Sciences. He became Professor of Applied Mathematics in 2007.