Economic Dynamics

Author : John Stachurski
Publisher : MIT Press
Page : 395 pages
File Size : 54,6 Mb
Release : 2022-08-16
Category : Business & Economics
ISBN : 9780262544771

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Economic Dynamics, second edition by John Stachurski Pdf

The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.

Author : Luigi Pasinetti
Publisher : Cambridge University Press
Page : 212 pages
File Size : 42,8 Mb
Release : 2006-11-02
Category : Business & Economics
ISBN : 0521029767

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Structural Economic Dynamics by Luigi Pasinetti Pdf

This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

Author : Jianjun Miao
Publisher : MIT Press
Page : 737 pages
File Size : 43,9 Mb
Release : 2014-09-12
Category : Business & Economics
ISBN : 9780262027618

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Economic Dynamics in Discrete Time by Jianjun Miao Pdf

A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.

Author : Richard H. Day
Publisher : Unknown
Page : 0 pages
File Size : 44,8 Mb
Release : 2000-02
Category : Ekonomi, Matematiksel
ISBN : 0262528606

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Complex Economic Dynamics by Richard H. Day Pdf

V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Author : Roy Harrod
Publisher : Springer
Page : 201 pages
File Size : 51,8 Mb
Release : 1973-06-18
Category : Business & Economics
ISBN : 9781349016969

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Economic Dynamics by Roy Harrod Pdf

Author : Ronald Shone
Publisher : Cambridge University Press
Page : 240 pages
File Size : 44,8 Mb
Release : 2001-09-13
Category : Business & Economics
ISBN : 0521804787

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An Introduction to Economic Dynamics by Ronald Shone Pdf

This is an examples-driven treatment of introductory economic dynamics for students with a basic familiarity of spreadsheets. Shone approaches the subject with the belief that true understanding of a subject can only be achieved by students themselves setting out a problem and manipulating it experimentally. Although all economics students now have access to spreadsheets, they are often used for little more than graphing economic data. This book encourages students to go several stages further and set up and investigate simple dynamic models. A web-site for students and instructors is included that contains an additional 100 questions for students and 100 for instructors.

Author : Nancy L. Stokey
Publisher : Harvard University Press
Page : 607 pages
File Size : 51,7 Mb
Release : 1989-10-10
Category : Business & Economics
ISBN : 9780674735187

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Recursive Methods in Economic Dynamics by Nancy L. Stokey Pdf

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.

Author : William A. Barnett,Alan P. Kirman,Mark Salmon
Publisher : Cambridge University Press
Page : 426 pages
File Size : 48,6 Mb
Release : 1996-10-28
Category : Business & Economics
ISBN : 0521471419

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Nonlinear Dynamics and Economics by William A. Barnett,Alan P. Kirman,Mark Salmon Pdf

This 1997 book presents developments in nonlinear economic dynamics along with related research from other fields, including mathematics, statistics, biology, and physics.

Author : Michal Kalecki
Publisher : Unknown
Page : 180 pages
File Size : 52,6 Mb
Release : 2009
Category : Business cycles
ISBN : 1583677259

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Theory of Economic Dynamics by Michal Kalecki Pdf

Author : R.M. Goodwin
Publisher : Springer
Page : 220 pages
File Size : 42,8 Mb
Release : 1982-07-15
Category : Business & Economics
ISBN : 9781349055043

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Essays in Economic Dynamics by R.M. Goodwin Pdf

Author : Giovanni Dosi
Publisher : Edward Elgar Publishing
Page : 728 pages
File Size : 55,7 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 1782541853

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Innovation, Organization and Economic Dynamics by Giovanni Dosi Pdf

Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the

Author : Richard Murphey Goodwin
Publisher : Oxford University Press
Page : 137 pages
File Size : 48,7 Mb
Release : 1990-11-01
Category : Law
ISBN : 0198283350

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Chaotic Economic Dynamics by Richard Murphey Goodwin Pdf

The new science of chaos was discovered in the analysis of weather. According to the author, economics is equally unpredictable. This book explores the way in which chaos may be used for economic analysis. The author applies the new insights of chaotic dynamics to economics. Given the unpredictable behaviour of economies, this new discipline promises much enlightenment. It has always been assumed that the highly irregular behaviour of economic time series was the consequence of extra-economic disturbances such as political decisions, trade unions, the weather, and foreign trade. Now it has become clear that there can be patterns which explain this confusing behaviour. - ;Capitalism as creative, chaotic evolution by structural change; Classical dynamics: the corn economy; The von Neumann model as a chaotic attractor; Growing in short and long waves; The structural and dynamical instability of the modern economy; An analysis of high and low growth rates; Irregular waves of growth from structural innovation; Dynamical control of economic waves by fiscal policy; A fresh look at traditional cycle models; Chaotic aperiodic behaviour from forced oscillators; Further reading; Index -

Author : Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada
Publisher : Springer
Page : 258 pages
File Size : 47,5 Mb
Release : 2016-09-22
Category : Business & Economics
ISBN : 9789811015212

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Essays in Economic Dynamics by Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada Pdf

This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed to investigate their asymptotic properties. The book offers a comprehensive summary of the existing methodology with extensions to the more complex model variants, since considerations on bounded rationality of complex economic behavior provide the foundation underlying choice-theoretic and policy-oriented studies of macro behavior, which impact the real macro economy. It includes 13 chapters addressing traditional models such as monopoly, duopoly and oligopoly in microeconomics and Keynesian, Goodwinian, and Kaldor–Kaleckian models in macroeconomics. Each chapter presents new aspects of these traditional models that have never been seen before. This work renews the past wisdom and reveals tomorrow's knowledge.

Author : Richard Arena,Pier Luigi Porta
Publisher : Cambridge University Press
Page : 309 pages
File Size : 50,8 Mb
Release : 2012-05-03
Category : Business & Economics
ISBN : 9781107015968

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Structural Dynamics and Economic Growth by Richard Arena,Pier Luigi Porta Pdf

Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.

Author : Adam Szirmai
Publisher : Cambridge University Press
Page : 760 pages
File Size : 45,9 Mb
Release : 2005-01-20
Category : Business & Economics
ISBN : 9781107717565

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The Dynamics of Socio-Economic Development by Adam Szirmai Pdf

Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in nutrition, health, life expectancy, education, population growth and politics? This modern, non-technical 2005 introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Taking a quantitative and comparative approach to contemporary debates within their broader context, Szirmai examines historical, institutional, demographic, sociological, political and cultural factors. Key chapters focus on economic growth, technological change, industrialisation, agricultural development, and consider social dimensions such as population growth, health and education. Each chapter contains comparative statistics on trends from a sample of twenty-nine developing countries. This rich statistical database allows students to strengthen their understanding of comparative development experiences. Assuming no prior knowledge of economics the book is suited for use in inter-disciplinary development studies programmes as well as economics courses, and will also interest practitioners pursuing careers in developing countries.