Optimal Growth with Many Sectors
Book Details
Format
Paperback / Softback
ISBN-10
3631391749
ISBN-13
9783631391747
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Mar 18th, 2002
Print length
190 Pages
Weight
262 grams
Dimensions
15.00 x 20.90 x 1.20 cms
Product Classification:
Economic growth
Ksh 6,800.00
Manufactured on Demand
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The overriding force in economic growth is progress, both in general state of the arts, and in applied technology. These are qualitatively different and their optimization is explored with dynamic programming. With numerous goods and factors of production the production frontier becomes a hyperplane. Its dimensionality depends on the number and positioning of activities around the vector of factor endowments, as is shown with the simplex method. There may be market distortions of the ceiling and departures from it; policy measures are examined for the U.S. and Germany.
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