Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Multisector Growth Models
Download Multisector Growth Models full books in PDF, epub, and Kindle. Read online Multisector Growth Models ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Multisector Growth Models by : Terry L. Roe
Download or read book Multisector Growth Models written by Terry L. Roe and published by Springer Science & Business Media. This book was released on 2009-10-03 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.
Book Synopsis Mapping Prices Into Productivity in Multisector Growth Models by : Liwa Rachel Ngai
Download or read book Mapping Prices Into Productivity in Multisector Growth Models written by Liwa Rachel Ngai and published by . This book was released on 2009 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Development Patterns in Multi-Sector Growth Models by : Bernabé Edgar Cruz González
Download or read book Development Patterns in Multi-Sector Growth Models written by Bernabé Edgar Cruz González and published by . This book was released on 2016 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Common patterns of structural change in the sectoral composition of production, consumption and labor force are observed across countries during the economic development process. These patterns of change consist mainly of a large shift of employment, production and consumption from agriculture to manufacturing, and then from manufacturing to the service sector. This process of structural transformation or structural change has been extensively documented. Empirical evidence shows that the decline in the employment share of agriculture and the increase in employment share of service is a systematic feature in both developed and developing countries. In this regard, there is a growing literature that investigates the economic factors explaining both economic growth and structural change in a general equilibrium framework. Based on their assumptions on the structure of preferences and the sectoral production technologies, models of structural change are classified in two broad approaches: the demand and the supply explanations of structural change. The demand-based explanation emphasizes the role of changes in the composition of the demand on structural change. In this branch of the literature, demand changes are based on the assumption of cross-sector differences in income-elasticity of the demand. Therefore, structural change is driven by the Engel law: as income rises, demand for agriculture goods decreases and less labor is demanded in the agriculture sector to produce goods. Thus, labor moves to those sectors that are facing an increasing demand for goods and services. Consequently, the shares of employment and value added in agriculture decrease as income increases, which is consistent with empirical evidence. The supply-based explanation emphasizes the role of technological differences across sectors to explain structural transformations. In this branch of the literature, sectoral differences in the growth rates of total factor productivity (TFP), on the one hand, and sectoral differences in physical capital intensity, on the other hand, drive structural change. In the first case, when there are only sectoral differences in the pace of technological progress, less labor is required to produce goods in the progressive sectors (those sectors with the highest TFP growth rates) and labor moves from the progressive to the stagnant sectors (those sectors with the lowest TFP growth rates). In the second case, as capital deepening takes place, less labor is demanded to produce goods in the capital-intensive sectors and labor moves from these sectors to the labor-intensive ones. This thesis contributes to the literature on economic growth and structural change by analyzing three novel mechanisms. The three self-contained chapters of this Thesis analyze the effects non-constant technological progress, human capital accumulation, and changes in the uses of time on structural change and their implications on economic growth. The first chapter analyses the effect of technological adoption on structural change. The observed differences in the patterns of industrialization are explained based on sectoral differences in the adoption of technologies. This chapter makes to clear contributions to related literature. First, a technological adoption function is estimated at the sectoral level. Second, the equilibrium of a model of structural change with non-constant biased technological change is characterized. The comparison with the results obtained in the literature show that this model with adoption has a better performance in explaining the patterns of structural change. The second chapter analyses the effect of human capital accumulation on the sectoral composition of employment. To this end, it develops a multisector growth model with human capital accumulation. The main contribution is to show that the initial imbalance between physical and human capital determines the patterns of structural change. The analysis of this chapter is challenging, which shows the huge capacity of Edgar to work with different growth models. The third chapter analyses how the increase in leisure time contributes to explain the rise of the service sector. This chapter makes three contributions. First, using input-output data, it measures the size and evolution of the sector of recreational services. These are services consumed during the leisure time. It is shown that the increase in the time devoted to leisure is parallel to the increase in the consumption of recreational services. Second, a multisector exogenous growth model is used to show that taking into account the interaction between leisure and recreational services improves the performance of multisector growth models in explaining the patterns of structural change. Finally, this model is used to show that labor income taxes may explain cross-country differences in both leisure time and the sectoral composition of employment.
Book Synopsis General Equilibrium Dynamics of Multi-Sector Growth Models by : Bjarne S. Jensen
Download or read book General Equilibrium Dynamics of Multi-Sector Growth Models written by Bjarne S. Jensen and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Quantity Measurement and Balanced Growth in Multi-sector Growth Models by : Georg Duernecker
Download or read book Quantity Measurement and Balanced Growth in Multi-sector Growth Models written by Georg Duernecker and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A multi-sector model of economic growth by : Luigi Lodovico Pasinetti
Download or read book A multi-sector model of economic growth written by Luigi Lodovico Pasinetti and published by . This book was released on 1963 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Multi-country Multi-sector Growth Model by : Wilhelm Krelle
Download or read book Multi-country Multi-sector Growth Model written by Wilhelm Krelle and published by . This book was released on 1985 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structure Change in a Multi-sector Model of Growth by : Liwa Rachel Ngai
Download or read book Structure Change in a Multi-sector Model of Growth written by Liwa Rachel Ngai and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Multi-region Multi-sector Model of Equilibrium Growth by : Kōichi Mera
Download or read book A Multi-region Multi-sector Model of Equilibrium Growth written by Kōichi Mera and published by . This book was released on 1967 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Multi-sector Model of Economic Growth by : Luigi Lodovic Pasinetti
Download or read book A Multi-sector Model of Economic Growth written by Luigi Lodovic Pasinetti and published by . This book was released on 1963 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Non-Homothetic Multisector Growth Models by : Bjarne S. Jensen
Download or read book Non-Homothetic Multisector Growth Models written by Bjarne S. Jensen and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multisector growth (MSG) models are dynamic versions of computable general equilibrium (CGE) models. Non-homothetic preference (utility) functions are required for the evolution of factor allocations and industrial structures in accordance with consumption expenditure patterns implied by the non-unitary income elasticities observed in all budget data since Engel in the 1850s. But comparative static general equilibrium solutions and particularly solving the dynamics of MSG models require explicit specifications of all demand and cost (price) functions. On the demand side, the constant differences of elasticity of substitution (CDES) non-homothetic indirect utility functions and Roy's identity provide the explicit Marshallian demand functions and budget shares. Sectorial constant elasticity of substitution (CES) cost functions and Shephard's lemma provide the explicit relative commodity price functions and the sectorial cost shares and capital-labor ratios. Walrasian equilibria are given by one equation and the multisector dynamics by three differential equations. Benchmark solutions are given for three cost regimes of a 10-sector MSG model. History patterns of industrial/allocational evolutions are recognized.
Book Synopsis Transitional Dynamics in a Multi-Sector Ramsey-Model with Non-Homothetic Preferences by : Denis Stijepic
Download or read book Transitional Dynamics in a Multi-Sector Ramsey-Model with Non-Homothetic Preferences written by Denis Stijepic and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent literature studies structural change in neoclassical multi-sector growth models. The literature focuses on the analysis of dynamic equilibriums (“aggregate balanced growth paths”). We study the transitional dynamics of a multi-sector Ramsey-model with non-homothetic preferences and inter-sector technology disparity. We show that the model converges to the aggregate balanced growth path only for a subset of feasible initial capital values (“convergent range”). Outside the convergent range the economy is in development traps. Within the convergent range the transitional dynamics are quantitatively different from the transitional dynamics of a standard one-sector Ramsey-model due to feedbacks between aggregate dynamics and structural change.
Book Synopsis Structural Change in a Multi-sector Model of Growth by : Liwa Rachel Ngai
Download or read book Structural Change in a Multi-sector Model of Growth written by Liwa Rachel Ngai and published by . This book was released on 2004 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Multi-sectoral Study of Economic Growth by : Leif Johansen
Download or read book A Multi-sectoral Study of Economic Growth written by Leif Johansen and published by North-Holland. This book was released on 1974 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph presenting a model for economic analysis of multi-sectoral economic growth - considers growth factors such as total investment, population growth, productivity growth, changes in exogenous demand, etc., and illustrates the economic model and the research methodology using input output tables of Norway. References and statistical tables.
Book Synopsis An R & D-based Model of Multi-sector Growth by : Liwa Rachel Ngai
Download or read book An R & D-based Model of Multi-sector Growth written by Liwa Rachel Ngai and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of the parameters of the knowledge production function except for one, which we term the fertility of knowledge. Differences in R & D intensity are also independent of most other parameters. The fertility of knowledge in the capital sector is central to the growth properties of the model economy.
Book Synopsis Growth and Structural Transformation by : Kwang Suk Kim
Download or read book Growth and Structural Transformation written by Kwang Suk Kim and published by BRILL. This book was released on 2020-03-17 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Book Synopsis Structural Economic Dynamics by : Luigi Pasinetti
Download or read book Structural Economic Dynamics written by Luigi Pasinetti and published by Cambridge University Press. This book was released on 2006-11-02 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.