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The Mahalanobis Growth Model - A Macrodynamics Approach (Hardcover, 1st ed. 2022)
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The Mahalanobis Growth Model - A Macrodynamics Approach (Hardcover, 1st ed. 2022)
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This book provides an analytical and computational approach to
solving and simulating the Mahalanobis model and the papers
surrounding it. The book comes up, perhaps for the first time, with
a holistic examination of an important growth model that emerged
out of India in the 1950s. It contains detailed derivations of the
Mahalanobis model and the several critiques and extensions
surrounding it with an organized synthesis of the main results.
Computationally, the book simulates the model and its many
variants, thus making it accessible to a wider audience. Advanced
undergraduates and beginning graduate students in the fields of
Economics, Mathematics, and Statistics will gain immensely from
understanding both the mathematical aspects as well as the
computational aspects of the Mahalanobis model. In the absence of a
single 'go-to' source on all aspects of the model -- analytical and
computational -- this book is a definitive volume on the
Mahalanobis model that has all the derivations of all the papers
surrounding the model, its dissents and critiques, and extensions
as in the wage goods model suggested by Vakil and Brahmananda.
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