A Stochastic Growth Model With Endogenous Population Growth Rate

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Hysteresis and Business Cycles

Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513536990
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra

Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Endogenous Innovation

Author : Cristiano Antonelli
Publisher : Edward Elgar Publishing
ISBN 13 : 178254514X
Total Pages : 304 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Endogenous Innovation by : Cristiano Antonelli

Download or read book Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.

Household and Economy

Author : Marc Nerlove
Publisher : Academic Press
ISBN 13 : 1483274683
Total Pages : 174 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Household and Economy by : Marc Nerlove

Download or read book Household and Economy written by Marc Nerlove and published by Academic Press. This book was released on 2014-05-10 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Household and Economy: Welfare Economics of Endogenous Fertility deals with welfare economics and the socially optimal population size, as well as the social consequences of individual choice with respect to family size within each generation. The general equilibrium implications of endogenous fertility for a number of issues of population policy are discussed. In addition to their own consumption, the number of children and the utility of each child is assumed to enter the utility function of the parents. Comprised of 10 chapters, this volume begins with a review of social welfare criteria for optimal population size and the static theory of optimal population size, optimal population growth with exogenous fertility, and the theory of endogenous fertility. The reader is then introduced to the basic principles of welfare economics and the economics of externalities, followed by a summary of the traditional theory of household behavior. Subsequent chapters focus on optimal population size according to various social welfare criteria; real and potential externalities generated by the endogeneity of fertility; and the principal alternative reason for having children: to transfer resources from the present to support the future consumption of parents in old age. The book concludes by assessing the implications of endogenous fertility for within-generation income distribution policies and reflecting on the directions in which future research may be fruitful. This monograph will be of value to economists, social scientists, students of welfare economics, and those who wish to understand the contribution of economic analysis to an improved understanding of population policy.

Frontiers of Business Cycle Research

Author : Thomas F. Cooley
Publisher : Princeton University Press
ISBN 13 : 9780691043234
Total Pages : 452 pages
Book Rating : 4.0/5 (432 download)

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Book Synopsis Frontiers of Business Cycle Research by : Thomas F. Cooley

Download or read book Frontiers of Business Cycle Research written by Thomas F. Cooley and published by Princeton University Press. This book was released on 1995-02-26 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t

Handbook of Computational Economics

Author : Karl Schmedders
Publisher : Newnes
ISBN 13 : 0080931782
Total Pages : 680 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of Computational Economics by : Karl Schmedders

Download or read book Handbook of Computational Economics written by Karl Schmedders and published by Newnes. This book was released on 2013-12-31 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Computational Economics summarizes recent advances in economic thought, revealing some of the potential offered by modern computational methods. With computational power increasing in hardware and algorithms, many economists are closing the gap between economic practice and the frontiers of computational mathematics. In their efforts to accelerate the incorporation of computational power into mainstream research, contributors to this volume update the improvements in algorithms that have sharpened econometric tools, solution methods for dynamic optimization and equilibrium models, and applications to public finance, macroeconomics, and auctions. They also cover the switch to massive parallelism in the creation of more powerful computers, with advances in the development of high-power and high-throughput computing. Much more can be done to expand the value of computational modeling in economics. In conjunction with volume one (1996) and volume two (2006), this volume offers a remarkable picture of the recent development of economics as a science as well as an exciting preview of its future potential. - Samples different styles and approaches, reflecting the breadth of computational economics as practiced today - Focuses on problems with few well-developed solutions in the literature of other disciplines - Emphasizes the potential for increasing the value of computational modeling in economics

Introduction to Modern Economic Growth

Author : Daron Acemoglu
Publisher : Princeton University Press
ISBN 13 : 1400835771
Total Pages : 1009 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Introduction to Modern Economic Growth by : Daron Acemoglu

Download or read book Introduction to Modern Economic Growth written by Daron Acemoglu and published by Princeton University Press. This book was released on 2008-12-15 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]

Handbook of Economic Growth

Author : Philippe Aghion
Publisher : Newnes
ISBN 13 : 0444535470
Total Pages : 1172 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Economic Growth by : Philippe Aghion

Download or read book Handbook of Economic Growth written by Philippe Aghion and published by Newnes. This book was released on 2013-12-20 with total page 1172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Written by research leaders, the chapters summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, these two volumes uphold the standard for excellence in applied economics set by Volumes 1A and 1B (2005). - Offers definitive theoretical and empirical scholarship about growth economics - Empowers readers to evaluate the work of other economists and to plan their own research projects - Demonstrates the value of empirical testing, with its implicit conclusion that our understanding of economic growth will help everyone make better decisions

Economic Growth

Author : Alfonso Novales
Publisher : Springer Science & Business Media
ISBN 13 : 354068669X
Total Pages : 543 pages
Book Rating : 4.5/5 (46 download)

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Book Synopsis Economic Growth by : Alfonso Novales

Download or read book Economic Growth written by Alfonso Novales and published by Springer Science & Business Media. This book was released on 2008-10-20 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern Business Cycle Theory, the New Keynesian Macroeconomics, the class of Dynamic Stochastic General Equilibrium models, can be all considered as special cases of models of economic growth, and they can be analyzed by the theoretical and numerical procedures provided in the textbook. Analytical discussions are presented in full detail. The book is self contained and it is designed so that the student advances in the theoretical and the computational issues in parallel. EXCEL and Matlab files are provided on an accompanying website to illustrate theoretical results as well as to simulate the effects of economic policy interventions.

Inequality and Growth

Author : Theo S. Eicher
Publisher : MIT Press
ISBN 13 : 0262050692
Total Pages : 343 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Inequality and Growth by : Theo S. Eicher

Download or read book Inequality and Growth written by Theo S. Eicher and published by MIT Press. This book was released on 2003 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays exploring the relationship between economic growth and inequality and the implications for policy makers.

Optimal Control of Age-structured Populations in Economy, Demography, and the Environment

Author : Raouf Boucekkine
Publisher : Routledge
ISBN 13 : 1136920927
Total Pages : 277 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Optimal Control of Age-structured Populations in Economy, Demography, and the Environment by : Raouf Boucekkine

Download or read book Optimal Control of Age-structured Populations in Economy, Demography, and the Environment written by Raouf Boucekkine and published by Routledge. This book was released on 2013-05-13 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a wide range of topics within mathematical modelling and the optimization of economic, demographic, technological and environmental phenomena. Each chapter is written by experts in their field and represents new advances in modelling theory and practice. These essays are exemplary of the fruitful interaction between theory and practice when exploring global and local changes. The unifying theme of the book is the use of mathematical models and optimization methods to describe age-structured populations in economy, demography, technological change, and the environment. Emphasis is placed on deterministic dynamic models that take age or size structures, delay effects, and non-standard decision variables into account. In addition, the contributions deal with the age structure of assets, resources, and populations under study. Interdisciplinary modelling has enormous potential for discovering new insights in global and regional development. Optimal Control of Age-structured Populations in Economy, Demography, and the Environment is a rich and excellent source of information on state-of-the-art modelling expertise and references. The book provides the necessary mathematical background for readers from different areas, such as applied sciences, management sciences and operations research, which helps guide the development of practical models. As well as this the book also surveys the current practice in applied modelling and looks at new research areas for a general mathematical audience. This book will be of interest primarily to researchers, postgraduate students, as well as a wider scientific community, including those focussing on the subjects of applied mathematics, environmental sciences, economics, demography, management, and operations research.

Complex Population Dynamics

Author : Peter Turchin
Publisher : Princeton University Press
ISBN 13 : 0691090211
Total Pages : 470 pages
Book Rating : 4.6/5 (91 download)

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Book Synopsis Complex Population Dynamics by : Peter Turchin

Download or read book Complex Population Dynamics written by Peter Turchin and published by Princeton University Press. This book was released on 2003-02-02 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do organisms become extremely abundant one year and then seem to disappear a few years later? Why do population outbreaks in particular species happen more or less regularly in certain locations, but only irregularly (or never at all) in other locations? Complex population dynamics have fascinated biologists for decades. By bringing together mathematical models, statistical analyses, and field experiments, this book offers a comprehensive new synthesis of the theory of population oscillations. Peter Turchin first reviews the conceptual tools that ecologists use to investigate population oscillations, introducing population modeling and the statistical analysis of time series data. He then provides an in-depth discussion of several case studies--including the larch budmoth, southern pine beetle, red grouse, voles and lemmings, snowshoe hare, and ungulates--to develop a new analysis of the mechanisms that drive population oscillations in nature. Through such work, the author argues, ecologists can develop general laws of population dynamics that will help turn ecology into a truly quantitative and predictive science. Complex Population Dynamics integrates theoretical and empirical studies into a major new synthesis of current knowledge about population dynamics. It is also a pioneering work that sets the course for ecology's future as a predictive science.

Population Growth and Economic Development in Low Income Countries

Author : Ansley Johnson Coale
Publisher :
ISBN 13 : 9781258303228
Total Pages : 410 pages
Book Rating : 4.3/5 (32 download)

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Book Synopsis Population Growth and Economic Development in Low Income Countries by : Ansley Johnson Coale

Download or read book Population Growth and Economic Development in Low Income Countries written by Ansley Johnson Coale and published by . This book was released on 2012-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Models of Tropical Deforestation: A Review

Author : David Kaimowitz
Publisher : CIFOR
ISBN 13 : 979876417X
Total Pages : 153 pages
Book Rating : 4.7/5 (987 download)

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Book Synopsis Economic Models of Tropical Deforestation: A Review by : David Kaimowitz

Download or read book Economic Models of Tropical Deforestation: A Review written by David Kaimowitz and published by CIFOR. This book was released on 1998-01-01 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Types of economic deforestation models. Household and firm-level models. Regional-level models. National and macro-level models. Priority areas for future research.

Financial Markets and the Real Economy

Author : John H. Cochrane
Publisher : Now Publishers Inc
ISBN 13 : 1933019158
Total Pages : 117 pages
Book Rating : 4.9/5 (33 download)

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Book Synopsis Financial Markets and the Real Economy by : John H. Cochrane

Download or read book Financial Markets and the Real Economy written by John H. Cochrane and published by Now Publishers Inc. This book was released on 2005 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.

Growth and Distribution

Author : Duncan K. Foley
Publisher : Harvard University Press
ISBN 13 : 0674986423
Total Pages : 417 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Growth and Distribution by : Duncan K. Foley

Download or read book Growth and Distribution written by Duncan K. Foley and published by Harvard University Press. This book was released on 2019-02-11 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation. Authors Duncan Foley, Thomas Michl, and Daniele Tavani present Classical and Keynesian approaches to growth theory, in parallel with Neoclassical ones, and introduce students to advanced tools of intertemporal economic analysis through carefully developed treatments of land- and resource-limited growth. They cover corporate finance, the impact of government debt and social security systems, theories of endogenous technical change, and the implications of climate change. Without excessive formal complication, the models emphasize rigorous reasoning from basic economic principles and insights, and respond to students’ interest in the history and policy dilemmas of real-world economies. In addition to carefully worked out examples showing how to use the analytical techniques presented, Growth and Distribution presents many problems suitable for inclusion in problem sets and examinations. Detailed answers to these problems are available. This second edition includes fresh data throughout and new chapters on climate change, corporate capitalism, models of wealth inequality, and technical change.

Population Dynamics

Author : C. Y. Cyrus Chu
Publisher : Oxford University Press, USA
ISBN 13 : 0195121589
Total Pages : 241 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Population Dynamics by : C. Y. Cyrus Chu

Download or read book Population Dynamics written by C. Y. Cyrus Chu and published by Oxford University Press, USA. This book was released on 1998 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills the gap between the classical supply-side theory of Malthus and the modern demand-side theory of economic demography. Specifically, it investigates the dynamic macroeconomic implications of various static microeconomic-family economic decisions. It is within this framework that Professor Chu studies the income distribution, the attitude composition, the job structure, and the savings (including pensions) of the population. Chu applies a mathematical apparatus, the theory of branching processes, to his problem, and supplies the reader with much detail and several discursive discussions on the topic. Graduate-level students, professors, and professional economists will be interested in Chu's efforts.

Studies In Medium-run Macroeconomics: Growth, Fluctuations, Unemployment, Inequality And Policies

Author : Hideyuki Adachi
Publisher : World Scientific
ISBN 13 : 9814619590
Total Pages : 350 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Studies In Medium-run Macroeconomics: Growth, Fluctuations, Unemployment, Inequality And Policies by : Hideyuki Adachi

Download or read book Studies In Medium-run Macroeconomics: Growth, Fluctuations, Unemployment, Inequality And Policies written by Hideyuki Adachi and published by World Scientific. This book was released on 2015-03-26 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique volume consists of studies on medium-run macroeconomics that deal with aggregate economic issues that do not easily fit into either short-run business cycles or long-term growth. This research area has emerged over last decade as a new and distinct field, and needs further explorations.The book includes theoretical as well as empirical studies that cover topics related to medium-run phenomena, such as ‘growth and fluctuations’, ‘wages and unemployment’, ‘financial instabilities’, ‘ firm size distributions and unbalanced growth’, ‘income inequality’, etc.. Every chapter includes new approach or new findings and will be invaluable to developments in this emerging area of research.