A01=Paolo Mattana
Adjoint Variables
Age Group_Uncategorized
Age Group_Uncategorized
Author_Paolo Mattana
automatic-update
Average Goods Production
capital accumulation
Category1=Non-Fiction
Category=KCB
Centre Manifold
Co-state Variables
competitive equilibrium
Complex Conjugate Eigenvalues
COP=United States
Decentralized Dynamics
Decentralized Economy
Delivery_Pre-order
economic dynamics
endogenous growth market efficiency
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equilibrium Paths
Explicit Trajectory
Feasible Parameter Space
Final Goods Sector
fiscal policy analysis
Fu Ll
human capital theory
Intertemporal Elasticity
Language_English
Non-leisure Time
Optimal Fiscal Policy
PA=Temporarily unavailable
Parameter Configuration
Parameter Space
Physical Capital
Price_€100 and above
Primitive Variables
PS=Active
Saddle Path Stability
Shadow Price
softlaunch
Solve Problem P4
Stable Manifold
Subjective Discount Rate
two-sector models
Wage Rate Effect
Product details
- ISBN 9780815398356
- Weight: 500g
- Dimensions: 146 x 235mm
- Publication Date: 15 Dec 2017
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector capital accumulation growth model where human capital is allowed to enter a neo-classical-style production structure in multiplicative terms. In this book Paolo Mattana fully explores the dynamic possibilities of the model from both the market and the centralized perspective. A critical evaluation of the inefficiency in the market economy is also provided.
Paolo Mattana, The University of Cagliari, Italy
