<p><P>The book focuses on the sustainability of economic growth in a changing environment, under the effects of global warming, dwindling energy resources, and technological change. It also provides explanations for significant fluctuations in countriesβ growth rates. The results are derived from hi
The Dynamic Systems of Basic Economic Growth Models
β Scribed by Bjarne S. Jensen (auth.)
- Publisher
- Springer Netherlands
- Year
- 1994
- Tongue
- English
- Leaves
- 357
- Series
- Mathematics and Its Applications 302
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
Two central problems in the pure theory of economic growth are analysed in this monograph: 1) the dynamic laws governing the economic growth processes, 2) the kinematic and geometric properties of the set of solutions to the dynamic systems. With allegiance to rigor and the emphasis on the theoretical fundamentals of prototype mathematical growth models, the treatise is written in the theorem-proof style. To keep the exposition orderly and as smooth as possible, the economic analysis has been separated from the purely mathematical issues, and hence the monograph is organized in two books. Regarding the scope and content of the two books, an "Introduction and OverΒ view" has been prepared to offer both motivation and a brief account. The introducΒ tion is especially designed to give a recapitulation of the mathematical theory and results presented in Book II, which are used as the unifying mathematical framework in the analysis and exposition of the different economic growth models in Book I. Economists would probably prefer to go directly to Book I and proceed by consultΒ ing the mathematical theorems of Book II in confirming the economic theorems in Book I. Thereby, both the independence and interdependence of the economic and mathematical argumentations are respected.
β¦ Table of Contents
Front Matter....Pages i-xii
Front Matter....Pages 17-17
Introduction and Overview....Pages 1-16
Front Matter....Pages 31-31
Basic laws of production....Pages 19-30
Classical growth models and homogeneity....Pages 33-56
Classical growth models and minimal factor rewards....Pages 57-66
Aggregate endogenous growth models....Pages 67-72
Synopsis of endogenous growth models....Pages 73-74
Neoclassical growth models....Pages 75-88
Keynesian growth models....Pages 89-98
Leontief technology and efficient factor utilization....Pages 101-122
Flexible technologies and proportional saving....Pages 123-141
Flexible technologies and classical saving....Pages 142-154
Synopsis of two-sector growth models....Pages 155-157
Final comments....Pages 159-159
Front Matter....Pages 161-161
Homogeneous Dynamics in the Plane....Pages 163-209
Linear and Affine Dynamics in the Plane....Pages 211-258
Quasi-Homogeneous Dynamics in the Plane....Pages 259-275
Discrete Linear Dynamics in the Plane....Pages 276-310
Addendum....Pages 313-331
Back Matter....Pages 333-356
β¦ Subjects
Mathematical Modeling and Industrial Mathematics; Economic Theory; Ordinary Differential Equations; Macroeconomics/Monetary Economics; Economic Growth
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