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The Uzawa-Lucas Endogenous Growth Model

Autor Paolo Mattana
en Limba Engleză Paperback – 31 ian 2022
Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector capital accumulation growth model where human capital is allowed to enter a neo-classical-style production structure in multiplicative terms. In this book Paolo Mattana fully explores the dynamic possibilities of the model from both the market and the centralized perspective. A critical evaluation of the inefficiency in the market economy is also provided.
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Specificații

ISBN-13: 9781138357679
ISBN-10: 1138357677
Pagini: 182
Dimensiuni: 152 x 229 x 14 mm
Greutate: 0.26 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Locul publicării:Oxford, United Kingdom

Cuprins

Contents: The model and the existence of non-degenerate balanced solutions; The general properties of the Uzawa-Lucas economy; The centralized economy; The properties of the competitive equilibrium; The inefficiency of the market economy and the design of optimal fiscal policies; Bibliography; Index.

Notă biografică

Paolo Mattana,  The University of  Cagliari, Italy

Descriere

Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In this book Paolo Mattana fully explores the dynamic possibilities of the model from both the market and the centralized perspective. A critical evaluation of the inefficiency in the market economy is also provided.