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101 0 $aeng
135   $aur|||||||||||
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 12$aA theory of economic growth $edynamics and policy in overlapping generations /$fDavid de la Croix, Philippe Michel$b[electronic resource]
210  1$aCambridge :$cCambridge University Press,$d2002.
215   $a1 online resource (xvii, 378 pages) $cdigital, PDF file(s)
300   $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
311   $a0-521-00115-3 
311   $a0-521-80642-9 
320   $aIncludes bibliographical references (p. 355-367) and indexes.
327   $aCover; Half-title; Series-title; Title; Copyright; Dedication; Contents; Introduction; Acknowledgments; ONE Competitive Equilibria; TWO Optimality; THREE Policy; FOUR Debt; Five Further Issues; Technical Appendices; List of Definitions; List of Propositions; List of Assumptions; Bibliography; Author Index; Subject Index
330   $aProvides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers.
606   $aMacroeconomics
606   $aEconomic development
606   $aEconomic policy
606   $aGenerational accounting
615  0$aMacroeconomics.
615  0$aEconomic development.
615  0$aEconomic policy.
615  0$aGenerational accounting.
676   $a339
700   $aLa Croix$b David de$0266730
702   $aMichel$b Philippe
801  0$bUkCbUP
801  1$bUkCbUP
906   $aBOOK
912   $a9910450401603321
996   $aA theory of economic growth$91903339
997   $aUNINA