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Author: Lionel W. McKenzie
Publisher: New York : Academic Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 440
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Book Description
Author: Lionel W. McKenzie
Publisher: New York : Academic Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 440
Get Book Here
Book Description
Author: Jerry R. Green
Publisher: Academic Press
ISBN: 1483271455
Category : Business & Economics
Languages : en
Pages : 422
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Book Description
General Equilibrium, Growth, and Trade: Essays in Honor of Lionel McKenzie provides information pertinent to the three main areas of Professor McKenzie's scientific research, namely, international trade, economic growth, and general equilibrium theory. This book highlights the main aspects of McKenzie's work. Organized into three parts encompassing 21 chapters, this book begins with an overview of the regularizing effects of aggregation over nonregular microrelations. This text then examines the theory of a multiperiod monopolist incurring nonseparable labor adjustment costs, which is developed when investment is irreversible. Other chapters consider the behavior of a price-maker in a competitive market as a preliminary step to a more complete analysis of pure competition. This book discusses as well the effects of uncertainty on optimal decisions, which constitutes an increasingly essential area of economic research. The final chapter deals with the general equilibrium macroeconomic model. This book is a valuable resource for economists and economic theorists.
Author: Lionel W. McKenzie
Publisher: MIT Press
ISBN: 0262135019
Category : Economic development
Languages : en
Pages : 489
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Book Description
A selection of papers by a pioneer in neoclassical economics that traces the development of his thought in three crucial areas.
Author: Jesse Perla
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 59
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Book Description
This paper develops a dynamic model of trade and growth that we use to study how openness affects economic growth. In our model, heterogeneous firms choose to either produce with their existing technology or search within the domestic economy to adopt a better technology. These choices determine the productivity distribution from which firms can acquire new technologies and, hence, the equilibrium rate of technological diffusion. Opening to trade changes the relative profitability between high and low productivity firms through expanded export opportunities and foreign competition. These reallocation effects change the timing of when firms adopt new technologies and, thus, the rate of technological diffusion. This results in growth effects from openness via within-firm productivity improvements.
Author: Harry G. Johnson
Publisher: Routledge
ISBN: 1134622791
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
The studies collected in this volume embody the results of research conducted in the mid 1950s into various theoretical problems in international economics. They fall into three groups – comparative cost theory, trade and growth and balance of payments theory. This volume consolidates the work of previous theorists and applies mathematically-based logical analysis to theoretical problems of economic policy.
Author: Mr.Se-Jik Kim
Publisher: International Monetary Fund
ISBN: 1451844026
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
This paper presents a multisector growth model where education enhances general human capital, which is essential for increasing or maintaining the mobility of workers across industries. The paper shows that education, combined with international trade, can affect growth positively in the long run by raising workers’ ability to adapt and move easily to industries with the greatest productivity in each period. Depending on the initial ratio of general-to-specific human capital stock, multiple equilibrium growth paths can exist, including a poverty trap. If the ratio is not substantially low, trade liberalization can allow an economy in a poverty trap to transform into one with continuous education and higher output growth.
Author: John Berdell
Publisher: Edward Elgar Publishing
ISBN: 9781843765615
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
"This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade."--BOOK JACKET.
Author: Kenneth W. Clements
Publisher: Routledge
ISBN: 1351798723
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
This title, first published in 1984, is a contribution to applied international trade theory. The author explores the specification and estimation of a multisector general equilibrium model of the open economy. The model is formulated with the aim of assessing empirically the effects of three key policy variables on trade flows, domestic prices, and the trade balance. The policy variables with which the author is concerned are the rate of growth of the stock of domestic credit, commercial policy, as represented by tariffs, and, finally, the exchange rate. This title will be of interest to students of economics.
Author: Ronald Findlay
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
Author: Robert Becker
Publisher: Academic Press
ISBN: 1483216381
Category : Business & Economics
Languages : en
Pages : 630
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Book Description
General Equilibrium, Growth, and Trade, Volume II: The Legacy of Lionel McKenzie presents the impact of Lionel McKenzie's contributions on modern economics. This book discusses McKenzie's researches that are relevant in applied economic fields, including general equilibrium, optimal growth, and international trade. Organized into three parts encompassing 24 chapters, this volume begins with an overview of the existence of competitive equilibrium in an economy with a finite number of agents and commodities. This text then presents two analyses that are basically responses to criticism of the development of real indeterminacy. Other chapters consider McKenzie's assumption of irreducibility, which plays a significant role in showing how compensated equilibria will be uncompensated equilibria because agents have cheaper net trade vectors in their feasible sets. This book discusses as well some properties of competitive equilibria for dynamic exchange economies with an infinite horizon and incomplete financial markets. This book is a valuable resource for economists and economic theorists.
