Experimenting with Dynamic Macromodels Growth and Cycles /

• Main Author: Nicola, Pier Carlo (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2008.
• Series: Lecture Notes in Economics and Mathematical Systems, 608
• Subjects: Application software.; Economic theory.; Econometrics.; Macroeconomics.; Economic growth.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Systems.; Computer Appl. in Social and Behavioral Sciences.; Economic Growth.

This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labour, in a discrete time structure. Labour supply is modelled as a reversed S curve (derived in the appendix). The models are expanded to include expenditure on R&D (thus endogenous technical progress),...

Table of Contents:

• Basics
• Foundations of Macroeconomic Dynamics
• Population Dynamics and the Labour Market
• Production Functions
• Simple Dynamic Macromodels
• A Model Without R&D and Public Expenditure
• Some Determinants of Endogenous Growth
• Public Expenditure and Taxes
• Computer Simulations
• Stationary Population: Cobb–Douglas Simulations
• Stationary Population: CES Simulations
• Stationary Population: Leontief Simulations
• Steady Growing Population
• Logistic Growing Population
• Effects of Public Expenditure
• Material Welfare Comparisons.