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The Solow model of economic growth : application to contemporary macroeconomic issues / / Paweł Dykas, Tomasz Tokarski and Rafał Wisła
| The Solow model of economic growth : application to contemporary macroeconomic issues / / Paweł Dykas, Tomasz Tokarski and Rafał Wisła |
| Autore | Dykas Paweł |
| Pubbl/distr/stampa | London, England ; ; New York, New York : , : Routledge, , [2023] |
| Descrizione fisica | 1 online resource (265 pages) |
| Disciplina | 339 |
| Collana | Routledge Studies in Economic Theory, Method and Philosophy Ser. |
| Soggetto topico |
Macroeconomics
Solow growth model Neoclassical school of economics |
| ISBN |
1-000-77481-3
1-003-32379-0 1-000-77490-2 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of figures -- List of tables -- Author Biographies -- Introduction -- 1 R. M. Solow's inspirations -- 1.1 Introduction -- 1.2 Harrod's equilibrium -- 1.3 Domar's equilibrium -- 1.4 Kaldor's economic growth model -- 1.5 Principle of the original Solow economic growth model -- 1.6 Conclusions -- 2 The Solow model -- 2.1 Introduction -- 2.2 The Solow model with a neoclassical production function -- 2.3 Special cases -- 2.3.1 The Cobb-Douglas production function -- 2.3.2 The CES production function -- 2.4 Phelps' golden rules of capital accumulation -- 2.5 Conclusions -- 3 Generalizations of the Solow model (the Mankiw-Romer-Weil and Nonneman-Vanhoudt models) -- 3.1 Introduction -- 3.2 The two-capital Mankiw-Romer-Weil model (a model of human capital accumulation) -- 3.2.1 The model with a neoclassical production function -- 3.2.2 A model with the Cobb-Douglas production function -- 3.2.3 A model with the CES production function -- 3.2.4 Golden rules of accumulation in the Mankiw-Romer-Weil model -- 3.3 The multi-capital Nonneman-Vanhoudt model -- 3.3.1 The model with a neoclassical production function -- 3.3.2 A model with the Cobb-Douglas production function -- 3.3.3 A model with the CES production function -- 3.3.4 Golden rules of accumulation in the Nonneman-Vanhoudt model -- 3.4 Conclusions -- 4 Fiscal and monetary policy vs economic growth -- 4.1 Introduction -- 4.2 Fiscal policy in a Mankiw-Romer-Weil model -- 4.2.1 The basic model -- 4.2.2 A model with public capital -- 4.3 Monetary rules in a Domar-Solow model -- 4.4 Conclusions -- 5 Economic growth at returns to scale conditions -- 5.1 Introduction -- 5.2 Returns to scale in a single-capital (Solow) model -- 5.3 Returns to scale in a two-capital (Mankiw-Romer-Weil) model.
5.4 Returns to scale in a multiple-capital (Nonneman-Vanhoudt) model -- 5.5 Golden rules of capital accumulation at returns to scale conditions -- 5.6 Conclusions -- 6 Bipolar growth models with investment flows -- 6.1 Introduction -- 6.2 A model with exogenous investment flows -- 6.3 A model with investment flows conditional on capital productivity -- 6.4 Numerical simulations of economy growth trajectories -- 6.4.1 Exogenous investment flows -- 6.4.2 Investment flows depending on capital productivity -- 6.5 Conclusions -- 7 The gravity model of economic growth -- 7.1 Introduction -- 7.2 Assumptions of the model -- 7.3 A solution of the model -- 7.4 Golden rules of capital accumulation -- 7.4.1 Maximization of the geometric mean of long-run consumption per worker -- 7.4.2 Maximization of long-run consumption per worker in each of the economies -- 7.5 Conclusions -- 8 Solow equilibrium at alternative trajectories of the number of workers -- 8.1 Introduction -- 8.2 Assumptions about alternative trajectories of the number of workers -- 8.3 Analytical solutions -- 8.3.1 Growth paths at a logistic trajectory of the number of workers -- 8.3.2 Growth paths at a growth rate that drops with rising labour productivity -- 8.4 Numerical simulations -- 8.5 Conclusions -- 9 The Solow equilibrium at sine-wave investment rates -- 9.1 Introduction -- 9.2 Assumptions of the model -- 9.3 Equilibrium in the model -- 9.4 Calibration of parameters and numerical simulations -- 9.5 Conclusions -- 10 SIR-Solow model -- 10.1 Introduction -- 10.2 An epidemiological-economic model -- 10.2.1 The epidemiological module -- 10.2.2 The economic module -- 10.3 Calibrated model parameters -- 10.3.1 Parameters of the epidemiological module -- 10.3.2 Parameters of the economic module -- 10.4 Scenarios and numerical simulation results -- 10.5 Conclusions -- References -- Index. |
| Record Nr. | UNINA-9910705083103321 |
Dykas Paweł
|
||
| London, England ; ; New York, New York : , : Routledge, , [2023] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The Solow model of economic growth : application to contemporary macroeconomic issues / / Paweł Dykas, Tomasz Tokarski and Rafał Wisła
| The Solow model of economic growth : application to contemporary macroeconomic issues / / Paweł Dykas, Tomasz Tokarski and Rafał Wisła |
| Autore | Dykas Paweł |
| Pubbl/distr/stampa | London, England ; ; New York, New York : , : Routledge, , [2023] |
| Descrizione fisica | 1 online resource (265 pages) |
| Disciplina | 339 |
| Collana | Routledge Studies in Economic Theory, Method and Philosophy |
| Soggetto topico |
Macroeconomics
Solow growth model Neoclassical school of economics |
| ISBN |
1-00-332379-0
1-000-77481-3 1-003-32379-0 1-000-77490-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of figures -- List of tables -- Author Biographies -- Introduction -- 1 R. M. Solow's inspirations -- 1.1 Introduction -- 1.2 Harrod's equilibrium -- 1.3 Domar's equilibrium -- 1.4 Kaldor's economic growth model -- 1.5 Principle of the original Solow economic growth model -- 1.6 Conclusions -- 2 The Solow model -- 2.1 Introduction -- 2.2 The Solow model with a neoclassical production function -- 2.3 Special cases -- 2.3.1 The Cobb-Douglas production function -- 2.3.2 The CES production function -- 2.4 Phelps' golden rules of capital accumulation -- 2.5 Conclusions -- 3 Generalizations of the Solow model (the Mankiw-Romer-Weil and Nonneman-Vanhoudt models) -- 3.1 Introduction -- 3.2 The two-capital Mankiw-Romer-Weil model (a model of human capital accumulation) -- 3.2.1 The model with a neoclassical production function -- 3.2.2 A model with the Cobb-Douglas production function -- 3.2.3 A model with the CES production function -- 3.2.4 Golden rules of accumulation in the Mankiw-Romer-Weil model -- 3.3 The multi-capital Nonneman-Vanhoudt model -- 3.3.1 The model with a neoclassical production function -- 3.3.2 A model with the Cobb-Douglas production function -- 3.3.3 A model with the CES production function -- 3.3.4 Golden rules of accumulation in the Nonneman-Vanhoudt model -- 3.4 Conclusions -- 4 Fiscal and monetary policy vs economic growth -- 4.1 Introduction -- 4.2 Fiscal policy in a Mankiw-Romer-Weil model -- 4.2.1 The basic model -- 4.2.2 A model with public capital -- 4.3 Monetary rules in a Domar-Solow model -- 4.4 Conclusions -- 5 Economic growth at returns to scale conditions -- 5.1 Introduction -- 5.2 Returns to scale in a single-capital (Solow) model -- 5.3 Returns to scale in a two-capital (Mankiw-Romer-Weil) model.
5.4 Returns to scale in a multiple-capital (Nonneman-Vanhoudt) model -- 5.5 Golden rules of capital accumulation at returns to scale conditions -- 5.6 Conclusions -- 6 Bipolar growth models with investment flows -- 6.1 Introduction -- 6.2 A model with exogenous investment flows -- 6.3 A model with investment flows conditional on capital productivity -- 6.4 Numerical simulations of economy growth trajectories -- 6.4.1 Exogenous investment flows -- 6.4.2 Investment flows depending on capital productivity -- 6.5 Conclusions -- 7 The gravity model of economic growth -- 7.1 Introduction -- 7.2 Assumptions of the model -- 7.3 A solution of the model -- 7.4 Golden rules of capital accumulation -- 7.4.1 Maximization of the geometric mean of long-run consumption per worker -- 7.4.2 Maximization of long-run consumption per worker in each of the economies -- 7.5 Conclusions -- 8 Solow equilibrium at alternative trajectories of the number of workers -- 8.1 Introduction -- 8.2 Assumptions about alternative trajectories of the number of workers -- 8.3 Analytical solutions -- 8.3.1 Growth paths at a logistic trajectory of the number of workers -- 8.3.2 Growth paths at a growth rate that drops with rising labour productivity -- 8.4 Numerical simulations -- 8.5 Conclusions -- 9 The Solow equilibrium at sine-wave investment rates -- 9.1 Introduction -- 9.2 Assumptions of the model -- 9.3 Equilibrium in the model -- 9.4 Calibration of parameters and numerical simulations -- 9.5 Conclusions -- 10 SIR-Solow model -- 10.1 Introduction -- 10.2 An epidemiological-economic model -- 10.2.1 The epidemiological module -- 10.2.2 The economic module -- 10.3 Calibrated model parameters -- 10.3.1 Parameters of the epidemiological module -- 10.3.2 Parameters of the economic module -- 10.4 Scenarios and numerical simulation results -- 10.5 Conclusions -- References -- Index. |
| Record Nr. | UNINA-9910746949203321 |
|
Dykas Paweł
|
||
| London, England ; ; New York, New York : , : Routledge, , [2023] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||