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
Product Classification:
MacroeconomicsResearch & development management
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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