Dynamics of Endogenous Economic Growth
A Case Study of the Romer Model
Will be published approx. on 15. April 2003
Book
Hardback
508 pages
978-0-444-51225-3 (ISBN)
Description
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 linearization, 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".
Reviews / Votes
...Examines the transitional dynamics, from some initial state toward a steady-state equilibrium, of the endogenous growth model presented in Paul Romer's 1990 Journal of Political Economy article entitled "Endogenous Technological Change." Journal of Economic Literature, 2004More details
Series
Language
English
Place of publication
Kidlington
United Kingdom
Publishing group
Emerald Publishing Limited
Target group
Professional and scholarly
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 32 mm
Weight
922 gr
ISBN-13
978-0-444-51225-3 (9780444512253)
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Schweitzer Classification
Content
The Romer model - development of the dynamic system; dynamic behavior of the system; linearisation, phase space analysis, and development of an abridged model; numerical integration; economic welfare and policy issues; concluding remarks and policy implications.