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Dynamics of Endogenous Economic Growth Gordon B. Schmidt

Dynamics of Endogenous Economic Growth By Gordon B. Schmidt

Dynamics of Endogenous Economic Growth by Gordon B. Schmidt


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Summary

Concerned with the methods by which the dynamics of endogenous economic growth systems may be analysed and numerically computed, and with the validation of such numerical computations through qualitative economic reasoning, this book provides an examination of the transitional dynamics of the influential endogenous growth model.

Dynamics of Endogenous Economic Growth Summary

Dynamics of Endogenous Economic Growth: A Case Study of the Romer Model by Gordon B. Schmidt

This book is concerned with the methods by which the dynamics of endogenous economic growth systems may be analysed and numerically computed, and with the validation of such numerical computations through qualitative economic reasoning. The methods comprise linearization, phase-space analysis and a variety of numerical integration techniques. In particular, the book provides a detailed examination of the transitional dynamics (the movement from some current state towards a steady-state equilibrium) of the influential endogenous growth model from Paul Romer's 1990 Journal of Political Economy article: Endogenous Technological Change.

Dynamics of Endogenous Economic Growth Reviews

...Examines the transitional dynamics, from some initial state toward a steady-state equilibrium, of the endogenous growth model presented in Paul Romer's 1990 Journal of Political Economy article entitled Endogenous Technological Change. Journal of Economic Literature, 2004

Table of Contents

The Romer model - development of the dynamic system; dynamic behavior of the system; linearisation, phase space analysis, and development of an abridged model; numerical integration; economic welfare and policy issues; concluding remarks and policy implications.

Additional information

NPB9780444512253
9780444512253
044451225X
Dynamics of Endogenous Economic Growth: A Case Study of the Romer Model by Gordon B. Schmidt
New
Hardback
Emerald Publishing Limited
2003-04-15
508
N/A
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