Rapid Growth and Relative Decline
Modelling Macroeconomic Dynamics with Hysteresis
Published on 18. December 1996
Book
Hardback
224 pages
978-0-333-63736-4 (ISBN)
Description
Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? This book addresses these questions by conceiving growth and structural change as path dependent processes. Methodological, theoretical and empirical insights are combined in an extended model of cumulative causation, which shows how endogenously induced technological and institutional changes may cause the dynamics of a period of high growth to break down. This casts new light on the debate over Britain's economic decline.
More details
Language
English
Place of publication
Basingstoke
United Kingdom
Target group
College/higher education
Professional and scholarly
Illustrations
tables, index
Dimensions
Height: 223 mm
Width: 145 mm
Weight
407 gr
ISBN-13
978-0-333-63736-4 (9780333637364)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
12/1996
Palgrave Macmillan
€84.99
Available for download
Content
List of Tables - Acknowledgements - Introduction - PART 1: ECONOMIC MODELLING: SOME METHODOLOGICAL CONSIDERATIONS - Introduction - Economic Modelling and the Concept of Equilibrium - An Alternative Approach: Modelling with Hysteresis - PART 2: MODELLING MACROECONOMIC SYSTEMS WITH HYSTERESIS: GROWTH AND STRUCTURAL CHANGE IN CAPITALIST ECONOMIES - Introduction - A Model of Cumulative Causation - The Supply Side and Macroeconomic Performance I: Technological Evolution -The Supply Side and Macroeconomic Performance II: Institutional Evolution - PART 3: THE EVOLUTION OF A MACROECONOMY: GROWTH AND STRUCTURAL CHANGE IN THE BRITISH ECONOMY SINCE 1780 - Introduction - A Brief History of the British Economy Since 1780 - Technological Interrelatedness and Lock in the British Economy 1870-1930 - Institutional Hysteresis and the Performance of the British Economy after 1914 - Conclusion - References - Index