A Theory of Economic Growth

- Dynamics and Policy in Overlapping Generations

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A Theory of Economic Growth
  • Leveringstid 2-3 uger
  • Forventet levering 13-12-2019
Format:
Bog, paperback
Udgivelsesdato:
24-10-2002
Sprog:
Engelsk
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  • Yderligere info
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Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers.

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Bog, hardback

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Udgivelsesdato:
24-10-2002
ISBN13:
9780521001151
Vægt:
626 g
Dybde:
24 mm
Bredde:
153 mm
Højde:
229 mm
Format:
Paperback
  • Forfattere

  • Bibliotekernes beskrivelse

    This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers. 10 Tables, unspecified; 85 Line drawings, unspecified

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