Description
| Product ID: | 9781138357679 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | GB |
| Title: | The Uzawa-Lucas Endogenous Growth Model |
| Authors: | Author: Paolo Mattana |
| Page Count: | 182 |
| Subjects: | Macroeconomics, Macroeconomics, Research and development management, Research & development management |
| Description: | Select Guide Rating 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. |
| Imprint Name: | Routledge |
| Publisher Name: | Taylor & Francis Ltd |
| Country of Publication: | GB |
| Publishing Date: | 2022-01-31 |
