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Uzawa-Lucas Endogenous Growth Model

Name: Uzawa-Lucas Endogenous Growth Model
Brand: Taylor & Francis Ltd
SKU: 38903680
Price: 20672 HUF
Availability: InStock
Author: Paolo Mattana
ISBN: 9781138357679

Paolo Mattana

Language

English

Book Paperback

Libristo code: 38903680

Publishers Taylor & Francis Ltd, January 2022

Using state of the art mathematical techniques this book provides a complete characterization of the... Full description

Libristo code: 38903680

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20 672 Ft

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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.