Transitional dynamics and economic growth in the neoclassical model

Article Abstract:

Quantitative transitional dynamics in neoclassical models of capital accumulation and their relationship to economic growth were studied. The research indicated that transitional dynamics were useful in explaining growth in the short term, but not in explaining long-term differences in rates of growth. The neoclassical model could be useful in the long term if agents had low intertemporal elasticity of substitution in consumption. Transitional dynamics were useful if the marginal product of capital was very high during the first phases of economic growth.

Neoclassical economics

---

Income distribution, politics, and growth

Article Abstract:

Interest in studying the role of income distribution in the process of economic growth has increased. Four models of the impact of political outcome resulting from a particular income distribution on growth have been developed. These models are based on the theory that a nondegenerate initial income or wealth distribution pattern exists, along with a government that uses proportional taxation for financing production services, education or redistribution. Variations in the economic structure and the political mechanisms of the models exist.

Economic policy, Political aspects, Income distribution

---

Financial Structure and Economic Activity

Article Abstract:

The connectedness of real and monetary phenomena is examined in a model of endowments, preferences, and technology. The specialization of labor, trade volume, and complexity of financial instruments is limited by the extent of the market. Centralization of the economy causes an increase in labor specialization.

Similar abstracts:

• Abstracts: Transitional dynamics of economic integration and endogenous growth. Merger market dynamics: insights into the behavior of target and bidder firms
• Abstracts: Large external debt and (slow) domestic growth: a theoretical analysis. Social norms, fertility and economic development
• Abstracts: Partisan policies, macroeconomic performance and political support. A model of exchange rate crises with Partisan Governments
• Abstracts: Design and the evaluation of an economic experiment via the internet. A reputational model of authority
• Abstracts: The computational experiment: an econometric tool. Progress in behavioral game theory

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.