Author: Bjarne Sloth Jensen
Publisher: University of Michigan Press
ISBN: 0472026410
Category : Business & Economics
Languages : en
Pages : 385
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Book Description
While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle.
Author: Bjarne S. Jensen
Publisher: Palgrave Macmillan
ISBN: 9783031524929
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This updated and expanded book examines the fundamentals of economic growth models as expressed by dynamic systems of nonlinear differential equations. With homogeneous dynamic systems as the unifying mathematical framework, the time paths and long-run stability properties of the solutions to classical, neoclassical, and modern macroeconomic growth models are analyzed. The general structure and solutions of two-sector and multi-sector growth models are also explored, with special attention given to the evolution of output compositions and sectoral factor allocations involved in Walrasian general equilibrium dynamics. Ramsey optimal growth (saving) models with variable intertemporal substitution (non-homothetic utility) are discussed to demonstrate the ability to generate a realistic historically observed evolution of economic per capita growth rates and saving rates. The book aims to highlight how basic economic growth models can be extended widely, including international trading economies, world market prices, commodity trade patterns, and issues related to globalization, migrations, and international factor movements. It will be relevant to students and researchers interested in economic growth and trade policy.
Author: Jesús Crespo Cuaresma
Publisher: Springer Science & Business Media
ISBN: 3642021328
Category : Business & Economics
Languages : en
Pages : 295
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Book Description
The major goal of the book is to create an environment for matching different d- ciplinary approaches to studying economic growth. This goal is implemented on the basis of results of the Symposium “Applications of Dynamic Systems to E- nomic Growth with Environment” which was held at the International Institute for Applied Systems Analysis (IIASA) on the 7th–8th of November, 2008, within the IIASA Project “Driving Forces of Economic Growth” (ECG). The symposium was organized by coordinators of the ECG project: Jesus Crespo-Cuaresma from IIASA World Population Program, and Tapio Palokangas and Alexander Tarasyev from IIASA Dynamic Systems Program. The book addresses the issues of sustainability of economic growth in a cha- ing environment, global warming and exhausting energy resources, technological change, and also focuses on explanations of signi?cant ?uctuations in countries’ growth rates. The chapters focus on the analysis of historical economic growth - periences in relation to environmental policy, technological change, development of transport infrastructure, population issues and environmental mortality. The book is written in a popular-science style, accessible to any intelligent lay reader. The prime audience for the book is economists, mathematicians and en- neersworkingonproblemsofeconomicgrowthandenvironment.Themathematical part of the book is presented in a rigorous manner, and the detailed analysis is - pected to be of interest to specialists in optimal control and applications to economic modeling. The book consists of four interrelated parts.
Author: Wei-Bin Zhang
Publisher: World Scientific
ISBN: 9812563334
Category : Business & Economics
Languages : en
Pages : 512
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Book Description
Although the application of differential equations to economics is a vast and vibrant area, the subject has not been systematically studied; it is often treated as a subsidiary part of mathematical economics textbooks. This book aims to fill that void by providing a unique blend of the theory of differential equations and their exciting applications to dynamic economics. Containing not just a comprehensive introduction to the applications of the theory of linear (and linearized) differential equations to economic analysis, the book also studies nonlinear dynamical systems, which have only been widely applied to economic analysis in recent years. It provides comprehensive coverage of the most important concepts and theorems in the theory of differential equations in a way that can be understood by any reader who has a basic knowledge of calculus and linear algebra. In addition to traditional applications of the theory to economic dynamics, the book includes many recent developments in different fields of economics.
Author: Giancarlo Gandolfo
Publisher: Springer Science & Business Media
ISBN: 9783540627609
Category : Business & Economics
Languages : en
Pages : 712
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Book Description
Treating the mathematical methods used in the economic dynamics, this book shows how they are utilised to build and analyse dynamical models. Accordingly, the focus is on the methods, and every new mathematical technique introduced is followed by its application to select economic models. The mathematical methods coveredc range from elementary linear difference and differential equations and simultaneous systems to the qualitative analysis of non-linear dynamical systems. Stability considerations are stressed throughout, including many advanced topics. Bifurcation and chaos theory are also dealt with. The reader is guided through a step-by-step analysis of each topic, be it a mathematical method or an economic model. The Study Edition also provides the reader with solutions to the numerous exercises.
Author:
Publisher:
ISBN:
Category : Water resources development
Languages : en
Pages : 1464
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Book Description
Author: Alan G. Wilson
Publisher: John Wiley & Sons
ISBN: 1118937481
Category : Mathematics
Languages : en
Pages : 352
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Book Description
A world model: economies, trade, migration, security and development aid. This bookprovides the analytical capability to understand and explore the dynamics of globalisation. It is anchored in economic input-output models of over 200 countries and their relationships through trade, migration, security and development aid. The tools of complexity science are brought to bear and mathematical and computer models are developed both for the elements and for an integrated whole. Models are developed at a variety of scales ranging from the global and international trade through a European model of inter-sub-regional migration to piracy in the Gulf and the London riots of 2011. The models embrace the changing technology of international shipping, the impacts of migration on economic development along with changing patterns of military expenditure and development aid. A unique contribution is the level of spatial disaggregation which presents each of 200+ countries and their mutual interdependencies – along with some finer scale analyses of cities and regions. This is the first global model which offers this depth of detail with fully work-out models, these provide tools for policy making at national, European and global scales. Global dynamics: Presents in depth models of global dynamics. Provides a world economic model of 200+ countries and their interactions through trade, migration, security and development aid. Provides pointers to the deployment of analytical capability through modelling in policy development. Features a variety of models that constitute a formidable toolkit for analysis and policy development. Offers a demonstration of the practicalities of complexity science concepts. This book is for practitioners and policy analysts as well as those interested in mathematical model building and complexity science as well as advanced undergraduate and postgraduate level students.
Author: Adam Kuper
Publisher: Routledge
ISBN: 1134450842
Category : Reference
Languages : en
Pages : 946
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Book Description
The Social Science Encyclopedia, first published in 1985 to acclaim from social scientists, librarians and students, was thoroughly revised in 1996, when reviewers began to describe it as a classic. This third edition has been radically recast. Over half the entries are new or have been entirely rewritten, and most of the balance have been substantially revised. Written by an international team of contributors, the Encyclopedia offers a global perspective on the key issues within the social sciences. Some 500 entries cover a variety of enduring and newly vital areas of study and research methods. Experts review theoretical debates from neo-evolutionism and rational choice theory to poststructuralism, and address the great questions that cut across the social sciences. What is the influence of genes on behaviour? What is the nature of consciousness and cognition? What are the causes of poverty and wealth? What are the roots of conflict, wars, revolutions and genocidal violence? This authoritative reference work is aimed at anyone with a serious interest in contemporary academic thinking about the individual in society.
Author: Bjarne S. Jensen
Publisher: Copenhagen Business School Press DK
ISBN: 9788763001854
Category : Business & Economics
Languages : en
Pages : 464
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Book Description
This book analyses stochastic dynamic systems across a broad spectrum in economics and finance. The major unifying theme is the coherent and rigorous treatment of uncertainty and its implications for describing stochastic processes by the stochastic differential equations of the fundamental models in various fields. Pertinent subjects are interrelated, juxtaposed, and examined for consistency in theoretical and empirical contexts. The volume consists of three parts: Developments in Stochastic Dynamics; Stochastic Dynamics in Basic Economic Growth Models; Intertemporal Optimisation in Consumption, Finance, and Growth. Key topics include: fractional Brownian motion in finance; moment evolution of Gaussian and geometric Wiener diffusions; stochastic kinematics and stochastic mechanics; stochastic growth in continuous time; time delays and Hopf bifurcation; consumption and investment strategies; differential systems in finance and life insurance; uncertainty of technological innovations; investment and employment cycles; stochastic control theory; and risk aversion. The works collected in this book serves to bridge the "old" deterministic dynamics and the "new" stochastic dynamics. The collection is important for scholars and advanced graduate students of economics, statistics, and applied mathematics.
Author: Vu Minh Khuong
Publisher: Edward Elgar Publishing
ISBN: 0857939645
Category : Business & Economics
Languages : en
Pages : 277
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Book Description
The advancement of a nation from poverty to prosperity is not a technical process but a great transformation. At the center of this change are two driving forces _ emotion, which is referred to as aspiration, anxiety, and sense of responsibility; and e
