Dynamics of Endogenous Economic Growth

Erscheinungsjahr 2003
ISBN: 978-0-444-51225-3
Verlag: Elsevier Science Ltd

Buch, Englisch, 504 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 922 g

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 linearisation, 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".

Autoren/Hrsg.

Schmidt, G.

Schmidt, Gordon B.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

Abbreviated Contents: Preface. Chapter 1 Introduction. Chapter 2 The Romer Model: Development of the Dynamic System. Chapter 3 Dynamic Behavior of the System: Linearisation, Phase Space Analysis, and Development of an Abridged Model. Chapter 4 Numerical integration. Chapter 5 Economic Welfare and Policy Issues. Chapter 6 Concluding Remarks and Policy Implications. Bibliography. Author index. Subject index.