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Externalities And Dynamics In Models Of Learning Or Doing
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Book Synopsis Growth and Business Cycles with Equilibrium Indeterminacy by : Kazuo Mino
Download or read book Growth and Business Cycles with Equilibrium Indeterminacy written by Kazuo Mino and published by Springer. This book was released on 2017-07-11 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules. The book also considers equilibrium indeterminacy in open economy models.
Book Synopsis Analytical Issues in Trade, Development and Finance by : Ambar Nath Ghosh
Download or read book Analytical Issues in Trade, Development and Finance written by Ambar Nath Ghosh and published by Springer. This book was released on 2014-07-08 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book’s 30 chapters are divided into three sections – international trade, economic development, macroeconomics and finance – and focus on the frontier issues in each. Section I addresses analytical issues relating to trade-environment linkage, capital accumulation for pollution abatement, possibility of technology diffusion by multinational corporations, nature of innovation inducing tariff protection, effects of import restriction and child labour, the links between exchange rate, direction of trade and financial crisis—the implications for India and global economic crisis, financial institutions and global capital flows and balance of payments imbalances. Section II consists of discussions on the causes of widespread poverty persisting in South Asia, development dividend associated with peace in South Asia, issues of well-being and human development, implications for endogenous growth through human capital accumulation on environmental quality and taxation, the rationale for a labour supply schedule for the poor, switching as an investment strategy, the role of government and strategic interaction in the presence of information asymmetry, government’s role in controlling food inflation, inter-state variations in levels and growth of industry in India, structural breaks in India’s service sector development, and the phenomenon of wasted votes in India’s parliamentary elections. Section III deals with the effectiveness of monetary policy in tackling economic crisis, the effective demand model of corporate leverages and recession, the empirical link between stock market development and economic growth in cross-country experience in Asia, an empirical verification of the Mckinnon-Shaw hypothesis for financial development in India, the dynamics of the behaviour of the Indian stock market, efficiency of non-life insurance companies, econometric study of the causal linkage between FDI and current account balance in India and the implications of contagious crises for the Indian economy.
Book Synopsis Journal of Economic Theory by : Pennsylvania
Download or read book Journal of Economic Theory written by Pennsylvania and published by . This book was released on 2003 with total page 854 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Simulated Evolution and Learning by : Bob McKay
Download or read book Simulated Evolution and Learning written by Bob McKay and published by Springer. This book was released on 2003-05-21 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains selected papers presented at the Second Asia-Paci c C- ference on Simulated Evolution and Learning (SEAL’98), from 24 to 27 Nov- ber 1998, in Canberra, Australia. SEAL’98 received a total of 92 submissions (67 papers for the regular sessions and 25 for the applications sessions). All papers were reviewed by three independent reviewers. After review, 62 papers were - cepted for oral presentation and 13 for poster presentation. Some of the accepted papers were selected for inclusion in this volume. SEAL’98 also featured a fully refereed special session on Evolutionary Computation in Power Engineering - ganised by Professor Kit Po Wong and Dr Loi Lei Lai. Two of the ve accepted papers are included in this volume. The papers included in these proceedings cover a wide range of topics in simulated evolution and learning, from self-adaptation to dynamic modelling, from reinforcement learning to agent systems, from evolutionary games to e- lutionary economics, and from novel theoretical results to successful applications, among others. SEAL’98 attracted 94 participants from 14 di erent countries, namely A- tralia, Belgium, Brazil, Germany, Iceland, India, Japan, South Korea, New Z- land, Portugal, Sweden, Taiwan, UK and the USA. It had three distinguished international scientists as keynote speakers, giving talks on natural computation (Hans-Paul Schwefel), reinforcement learning (Richard Sutton), and novel m- els in evolutionary design (John Gero). More information about SEAL’98 is still available at http://www.cs.adfa.edu.au/conference/seal98/.
Book Synopsis Hitotsubashi Journal of Economics by :
Download or read book Hitotsubashi Journal of Economics written by and published by . This book was released on 2006 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journal of Economic Theory by : Karl Shell
Download or read book Journal of Economic Theory written by Karl Shell and published by . This book was released on 1998 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economics written by and published by . This book was released on 2007 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Information and Learning in Markets by : Xavier Vives
Download or read book Information and Learning in Markets written by Xavier Vives and published by Princeton University Press. This book was released on 2010-01-25 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results from the rational expectations and herding literatures. Vives emphasizes the consequences of market interaction and social learning for informational and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex environments: from static to dynamic models; from competitive to strategic agents; and from simple market strategies such as noncontingent orders or quantities to complex ones like price contingent orders or demand schedules. Vives finds that contending theories like informational efficiency and herding build on the same principles of Bayesian decision making and that "irrational" agents are not needed to explain herding behavior, booms, and crashes. As this book shows, the microstructure of a market is the crucial factor in the informational efficiency of prices. Provides the most complete analysis of the ways markets aggregate information Bridges the gap between the rational expectations and herding literatures Includes exercises with solutions Serves both as a graduate textbook and a resource for researchers, including financial analysts
Download or read book Center Discussion Paper written by and published by . This book was released on 1992 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Southern Economic Journal written by and published by . This book was released on 2009 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Computational Economics by : Leigh Tesfatsion
Download or read book Handbook of Computational Economics written by Leigh Tesfatsion and published by Elsevier. This book was released on 2006-05-15 with total page 905 pages. Available in PDF, EPUB and Kindle. Book excerpt: The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.*Every volume contains contributions from leading researchers*Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys
Book Synopsis Education, Knowledge, and Economic Growth by : Claude Diebolt
Download or read book Education, Knowledge, and Economic Growth written by Claude Diebolt and published by Peter Lang Publishing. This book was released on 2003 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate concerning the role of knowledge in the economic growth process has gained considerable attention, both because of the importance of its implications in terms of economic policy and due to the number of theoretical and empirical analyses it has engendered. Thus, the argument according to which endogenous growth models explain long-term economic growth is often put forward. It is held that the production of knowledge induces self-maintained economic growth. However, in spite of numerous theoretical developments, attempts at empirical verification have run up against serious methodological difficulties. The first and most serious stumbling block is the way in which an intangible good of incommensurable size such as knowledge is evaluated. Moreover, most of the empirical studies carried out in recent years have taken the form of cross-national comparisons designed to analyse the role of different socio-economic factors in growth. So far, however, they have not succeeded in making conclusive statements of whether or not knowledge can induce long-term economic growth. Taking this state of research into consideration, the main objective of the present volume is to re-examine, by way of new techniques of quantitative analysis, theoretical models developed with a view to ascertaining the endogenous nature of economic growth induced by the production of knowledge.
Book Synopsis Economic Growth and Convergence by : Michał Bernardelli
Download or read book Economic Growth and Convergence written by Michał Bernardelli and published by Routledge. This book was released on 2021-06-30 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of β convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real β convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.
Book Synopsis Perpetual Growth in an Aggregative Model with Endogenous Human Capital Accumulation by : Công Nghê Truong
Download or read book Perpetual Growth in an Aggregative Model with Endogenous Human Capital Accumulation written by Công Nghê Truong and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Growth Theory in Historical Perspective by : Th van de Klundert
Download or read book Growth Theory in Historical Perspective written by Th van de Klundert and published by Edward Elgar Publishing. This book was released on 2001 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: These 13 essays demonstrate the development of growth theory since the 1960s. The sequence of chapters reveals the shifts in focus which has occurred since the first formal growth models of the 1940s and 1950s, illustrating the different theories which have led to the contemporary model.
Download or read book Journal of Economic Literature written by and published by . This book was released on 2014 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Can Waste Improve Welfare? by : Alessandra Pelloni
Download or read book Can Waste Improve Welfare? written by Alessandra Pelloni and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: