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The Uzawa-Lucas Endogenous Growth Model
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The Uzawa-Lucas Endogenous Growth Model

Book Details

Format Paperback / Softback
ISBN-10 1138357677
ISBN-13 9781138357679
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Jan 31st, 2022
Print length 181 Pages
Weight 272 grams
Dimensions 15.10 x 22.60 x 1.40 cms
Ksh 5,400.00
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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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