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Author: Terry L. Roe
Publisher: Springer Science & Business Media
ISBN: 0387773584
Category : Business & Economics
Languages : en
Pages : 333
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Book Description
The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.
Author: Terry L. Roe
Publisher: Springer Science & Business Media
ISBN: 0387773584
Category : Business & Economics
Languages : en
Pages : 333
Get Book
Book Description
The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.
Author: Liwa Rachel Ngai
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 28
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Book Description
Author: W. Robert J. Alexander
Publisher:
ISBN: 9780859016292
Category : Industrial productivity
Languages : en
Pages : 15
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Book Description
Author: Håkan Persson
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 154
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Book Description
Author: Leif Johansen
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Monograph presenting a model for economic analysis of multi-sectoral economic growth - considers growth factors such as total investment, population growth, productivity growth, changes in exogenous demand, etc., and illustrates the economic model and the research methodology using input output tables of Norway. References and statistical tables.
Author: John Stachurski
Publisher: Springer Science & Business Media
ISBN: 3642223974
Category : Business & Economics
Languages : en
Pages : 454
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Book Description
Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility of endogenous economic fluctuations. Kazuo Nishimura's seminal contributions on business cycles, chaotic equilibria and indeterminacy have been central to this development, transforming our understanding of economic growth, cycles, and the relationship between them. The subjects of Kazuo's analysis remain of fundamental importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been recognized for his contributions to economic theory on many occasions, being elected fellow of the Econometric Society and serving as an editor of several major journals. Chapter “Introduction” is available open access under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License via link.springer.com.
Author: Kwang Suk Kim
Publisher: BRILL
ISBN: 1684172195
Category : History
Languages : en
Pages : 224
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Book Description
This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author: Yuji Kubo
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 74
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Book Description
This paper explores the use of multisector models as tools for analyzing the relationship between alternative development strategies, growth, and structural change in a developing country. The paper first considers the evolution of general equilibrium models used for development planning, including input-output models and the recent computable general equilibrium models. The discussion focuses on the applicability of different models to different institutional and policy environments. In the second part of the paper, two models are used to analyze the macroeconomic and sectoral consequences of alternative development strategies. The two models are applied to the 1963-73 period in South Korea and are then used to simulate the impact of an alternative strategy of inward-looking development based on lower export growth and extensive import substitution. While the broad results are similar, the mechanisms embodied in the two models are quite different. A comparison of the empirical results and of the behavioral assumptions in the two models illustrates the range of issues that can be fruitfully investigated with different types of multisector models.
Author: Wei-Bin Zhang
Publisher: Routledge
ISBN: 1134043724
Category : Economic development
Languages : en
Pages : 395
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Book Description
Chapter 1 Money and growth theory -- chapter 2 Money as a store of value -- chapter 3 Money in utility and production functions -- chapter 4 Money-in-advance approaches -- chapter 5 Unemployment and money -- chapter 6 Preference change and habit formation -- chapter 7 Monetary growth with urban structure -- chapter 8 Money in multi-regional and growth economies -- chapter 9 Money, growth, and international trade -- chapter 10 Money and economic complexity.
