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Experimenting With Dynamic Macromodels: Growth and Cycles

Experimenting With Dynamic Macromodels: Growth and Cycles

by PierCarlo Nicola
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Rs. 12,554.00
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Rs. 8,788.00

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Book cover type: Paperback
  • ISBN13: 9783540773962
  • Binding: Paperback
  • Subject: Economics
  • Publisher: Springer Verlag
  • Publisher Imprint: Springer V
  • Publication Date:
  • Pages: 265
  • Original Price: EUR 134.99
  • Language: English
  • Edition: N/A
  • Item Weight: 400 grams

About the Book This book presents a macroeconomic dynamic model la Solow-Swan, including the market for labor, in a discrete time structure. The model is expanded to include expenditure on R&D and public expenditure on infrastructure. For each of the three models the results are shown in time series figures, which demonstrate that even small changes in the parameters produce responses in the time behavior of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.