Name: Experimenting With Dynamic Macromodels: Growth and Cycles
Brand: Springer Verlag
SKU: 9783540773962
Price: 3139.0 INR
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Experimenting With Dynamic Macromodels: Growth and Cycles

by PierCarlo Nicola

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ISBN13: 9783540773962
Binding: Paperback
Subject: Economics
Publisher: Springer Verlag
Publisher Imprint: Springer V
Publication Date: July 15, 2008
Pages: 265
Original Price: EUR 134.99
Language: English
Edition: N/A
Item Weight: 400 grams

About The Book

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.

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