The Uzawa-Lucas Endogenous Growth Model
Book Details
Format
Hardback or Cased Book
ISBN-10
0815398352
ISBN-13
9780815398356
Publisher
Taylor & Francis Inc
Imprint
Routledge
Country of Manufacture
US
Country of Publication
GB
Publication Date
Dec 15th, 2017
Print length
181 Pages
Weight
500 grams
Product Classification:
Macroeconomics
Ksh 27,900.00
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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.
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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