The Uzawa-Lucas Endogenous Growth Model

Paolo Mattana (Autor)

Buch | Hardcover

181 Seiten

2017
Routledge (Verlag)
978-0-8153-9835-6 (ISBN)

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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.

Paolo Mattana, The University of Cagliari, Italy

Contents: The model and the existence of non-degenerate balanced solutions; The general properties of the Uzawa-Lucas economy; The centralized economy; The properties of the competitive equilibrium; The inefficiency of the market economy and the design of optimal fiscal policies; Bibliography; Index.

Erscheinungsdatum	26.12.2017
Verlagsort	New York
Sprache	englisch
Maße	146 x 235 mm
Gewicht	500 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-8153-9835-2 / 0815398352
ISBN-13	978-0-8153-9835-6 / 9780815398356
Zustand	Neuware