A01=Wei-Bin Zhang
AK Model
Author_Wei-Bin Zhang
capital
Capital Labor Ratio
Category=KCB
competitive market dynamics
Consumption Good Sector
current
Current Income
Economic Growth Theory
Efficiency Wage Theories
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equilibrium Point
government intervention economic growth
Harrod Domar Model
Home Work
Human Capital Accumulation
income
income distribution analysis
Keynesian Consumption Function
learning by doing theory
Life Cycle Hypothesis
Life Styles
macroeconomic modelling
model
osg
OSG Model
Permanent Income Hypothesis
Poverty Traps
Production Function
ramsey
Ramsey Model
rate
solow
Solow Model
Solow Swan Model
stock
structural economic change
Traditional Growth Theories
Unique Positive Steady State
Unique Stable Equilibrium
Utility Function
Vice Versa
wage
welfare economics
Product details
- ISBN 9780815388685
- Weight: 1050g
- Dimensions: 152 x 235mm
- Publication Date: 21 Dec 2017
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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This book develops a new theoretical framework to examine the issues of economic growth and development. Providing analysis of economic dynamics in a competitive economy under government intervention in infrastructure and income distribution, the book develops a unique analytical framework under the influence of traditional neoclassical growth theory. However, in a departure from neoclassical growth theory it examines both the Solow-Swan and the Ramsey growth models, introducing a utility function which treats consumer choices in ways critically different to previous approaches. Using practical examples and models the book demonstrates how this new direction can effectively analyze the key issues of economic growth, in a compact and comprehensive manner.
