LEADER 04312nam 22006015 450 001 9910999778803321 005 20250416002259.0 010 $a9783031524936 010 $a3031524934 024 7 $a10.1007/978-3-031-52493-6 035 $a(CKB)38485086700041 035 $a(DE-He213)978-3-031-52493-6 035 $a(MiAaPQ)EBC32011969 035 $a(Au-PeEL)EBL32011969 035 $a(OCoLC)1524421017 035 $a(EXLCZ)9938485086700041 100 $a20250416d2025 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Elements and Dynamic Systems of Economic Growth and Trade Models $eEconomic Theory and Axiomatic Analysis of Expanding Economies in Historical Perspective /$fby Bjarne S. Jensen 205 $a2nd ed. 2025. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Palgrave Macmillan,$d2025. 215 $a1 online resource (LXV, 1307 p. 220 illus., 97 illus. in color.) 225 1 $aEconomics and Finance Series 311 08$a9783031524929 311 08$a3031524926 327 $a1. Basic laws of production -- 2. Classical growth models and homogeneity -- 3. Classical growth models and minimal factor rewards -- 4. Aggregate endogenous growth models -- 5. Neoclassical growth models -- 6. Keynesian growth models -- 7. Leontief technology and efficient factor utilization -- 8. Flexible technologies and proportional saving -- 9. Flexible technologies and classical saving -- 10. Homogeneous Dynamics in the Plane -- 11. Linear and A_ne Dynamics in the Plane -- 12. Quasi-Homogeneous Dynamics in the Plane -- 13. Discrete Linear Dynamics in the Plane -- 14. Two-sector growth models -- 15. Multi-sector growth models -- 16. Non-homothetic multisector growth models -- 17. Dynamics, economic growth, international trade -- 18. Stochastic dynamic systems of growth and trade -- 19. Saving rates, trade, technology, and stochastic dynamics -- 20. Dynamic structure, exogeneity, growth paths, and substitution -- 21. Ramsey optimal saving and growth models. 330 $aThis updated and expanded book examines the fundamentals of economic growth models as expressed by dynamic systems of nonlinear differential equations. With homogeneous dynamic systems as the unifying mathematical framework, the time paths and long-run stability properties of the solutions to classical, neoclassical, and modern macroeconomic growth models are analyzed. The general structure and solutions of two-sector and multi-sector growth models are also explored, with special attention given to the evolution of output compositions and sectoral factor allocations involved in Walrasian general equilibrium dynamics. Ramsey optimal growth (saving) models with variable intertemporal substitution (non-homothetic utility) are discussed to demonstrate the ability to generate a realistic historically observed evolution of economic per capita growth rates and saving rates. The book aims to highlight how basic economic growth models can be extended widely, including international trading economies, world market prices, commodity trade patterns, and issues related to globalization, migrations, and international factor movements. It will be relevant to students and researchers interested in economic growth and trade policy. Bjarne S. Jensen is Professor of Applied Economics at the Faculty of Business and Social Sciences, University of Southern Denmark (SDU). 410 0$aEconomics and Finance Series 606 $aEconomic development 606 $aEconomic policy 606 $aIndustrial organization 606 $aEconomic Growth 606 $aEconomic Policy 606 $aIndustrial Organization 615 0$aEconomic development. 615 0$aEconomic policy. 615 0$aIndustrial organization. 615 14$aEconomic Growth. 615 24$aEconomic Policy. 615 24$aIndustrial Organization. 676 $a338.9 700 $aJensen$b Bjarne S$4aut$4http://id.loc.gov/vocabulary/relators/aut$0631548 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910999778803321 996 $aThe Elements and Dynamic Systems of Economic Growth and Trade Models$94374961 997 $aUNINA