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Dynamics of Endogenous Economic Growth

A Case Study of the Romer Model. Contributions to Economic Analysis

Edited by Gordon B. Schmidt
Format: Hardback
Publisher: Emerald Publishing Limited, Kidlington, United Kingdom
Imprint: Elsevier Science Ltd
Published: 15th Apr 2003
Dimensions: w 156mm h 234mm d 29mm
Weight: 885g
ISBN-10: 044451225X
ISBN-13: 9780444512253
Barcode No: 9780444512253
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Synopsis
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".

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...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