Experimenting with Dynamic Macromodels

Name: Experimenting with Dynamic Macromodels
Author: PierCarlo Nicola

Growth and Cycles

Specificaties

Paperback, 265 blz. | Engels

Springer Berlin Heidelberg | 2008e druk, 2008

ISBN13: 9783540773962

Rubricering

Springer Berlin Heidelberg 2008e druk, 2008 9783540773962

Onderdeel van serie Lecture Notes in Economics and Mathematical Systems

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Samenvatting

This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labor, in a discrete time structure. The model is expanded to include expenditure on R&D and public expenditure on infrastructure. For each of the three models the results are shown in time series figures, which demonstrate that even small changes in the parameters produce responses in the time behavior of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.

Specificaties

ISBN13:9783540773962

Taal:Engels

Bindwijze:paperback

Aantal pagina's:265

Uitgever:Springer Berlin Heidelberg

Druk:2008

Hoofdrubriek:Economie

Serie:Lecture Notes in Economics and Mathematical Systems

Inhoudsopgave

Basics.- Foundations of Macroeconomic Dynamics.- Population Dynamics and the Labour Market.- Production Functions.- Simple Dynamic Macromodels.- A Model Without R&D and Public Expenditure.- Some Determinants of Endogenous Growth.- Public Expenditure and Taxes.- Computer Simulations.- Stationary Population: Cobb–Douglas Simulations.- Stationary Population: CES Simulations.- Stationary Population: Leontief Simulations.- Steady Growing Population.- Logistic Growing Population.- Effects of Public Expenditure.- Material Welfare Comparisons.