Multisector Growth Models - Theory and Application (Hardcover, 2010 ed.)

The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated - typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto: (i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) 't the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially 't

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Release date:	October 2009
First published:	2009
Authors:	Terry L. Roe • Rodney B. W. Smith • D. Sirin Saracoglu
Dimensions:	235 x 155 x 23mm (L x W x T)
Format:	Hardcover
Pages:	330
Edition:	2010 ed.
ISBN-13:	978-0-387-77357-5
Categories:	Books > Business & Economics > Economics > Development economics Books > Business & Economics > Economics > Macroeconomics > General Books > Science & Mathematics > Mathematics > Applied mathematics > Mathematical modelling Promotions
LSN:	0-387-77357-6
Barcode:	9780387773575

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