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Dynamics of Endogenous Economic Growth, Volume 257: A Case Study of the 'Romer Model' Contributions to Economic Analysis



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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 linearisation, phase-s... Read more
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Features
Author G. Schmidt, Gordon W. Schmidt
Format Hardcover
ISBN 9780444512253
Publication Date 17/12/2007
Publisher Emerald Group Publishing
Manufacturer Elsevier Science & Technology
Description

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 linearisation, 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".


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