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The Uzawa-Lucas Endogenous Growth Model.

The Uzawa-Lucas Endogenous Growth Model.

・ISBN 978-1-138-35767-9 paper GB£ 35.99

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お気に入り
電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 9781351144964
著者・編者Mattana, Paolo,
出版社 (Routledge, UK)
出版年月2022
ページ数181 pp.
言語ENG
ニュース番号<A03-38047>

解説

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.