Results 251 to 260 of about 5,990 (292)
Some of the next articles are maybe not open access.
2001
In Chapters 1 and 2 we considered the role of the money demand function in comparative static models. These models were the dominant macroeconomic paradigm up until thirty years ago. Recently, however, neoclassical growth theory and related dynamical approaches have widely spread into both macroeconomics and monetary economics and are now routinely ...
openaire +1 more source
In Chapters 1 and 2 we considered the role of the money demand function in comparative static models. These models were the dominant macroeconomic paradigm up until thirty years ago. Recently, however, neoclassical growth theory and related dynamical approaches have widely spread into both macroeconomics and monetary economics and are now routinely ...
openaire +1 more source
1987
Neoclassical growth theory is not a theory of history. In a sense it is not even a theory of growth. Its aim is to supply an element in an eventual understanding of certain important elements in growth and to provide a way of organizing one’s thoughts on these matters.
openaire +1 more source
Neoclassical growth theory is not a theory of history. In a sense it is not even a theory of growth. Its aim is to supply an element in an eventual understanding of certain important elements in growth and to provide a way of organizing one’s thoughts on these matters.
openaire +1 more source
Neoclassical Growth Theory (New Perspectives)
2008This article complements neoclassical growth theory. It discusses some developments of the neoclassical growth theory that endogenize the saving rates.
openaire +1 more source
The Elasticity of Substitution and the Savings Ratio in the Neoclassical Theory of Growth
The Quarterly Journal of Economics, 1965I. Introduction, 465. — II. A neoclassical model of growth, 465. — III. The variable natural rate of growth, 466. — IV. Analysis of the variable path, 468. — V. Conclusion, 471.
openaire +1 more source
Neoclassical Growth Theory and Standard Models
2010Thoughts and theories on economic growth can be traced back to the classical economists of the eighteenth and nineteenth century, whose works are briefly reviewed alongside the transition to neoclassical growth theory in Sect. 2.1. The basic outline of neoclassical growth models as first developed by Solow (1956) and Swan (1956) is presented in Sect. 2.
openaire +1 more source
A Comparison with Results of Neoclassical Capital and Growth Theory
1979In this chapter we will use the two-sector-model with n period horizon, presented in Section 5.2, to show how some of the results of neoclassical growth theory can be derived with our neo-Austrian approach. First we assume that the amount of labor is no more constant, but grows at a constant rate.
openaire +1 more source
Biased Technical Progress and a Neoclassical Theory of Economic Growth
The Quarterly Journal of Economics, 1964I. Introduction, 129. — II. A Neoclassical growth model, 130. — III. Properties of an equilibrium growth path, 132. — IV. Stability conditions, 133.— V. Induced inventions, 135. — Appendix, 137.
openaire +1 more source
Critical survey. Savings and economic growth in neoclassical theory
Cambridge Journal of Economics, 1999In neoclassical economics economic growth depends upon savings. The paper discusses problems with this conventional view, and how these have been tackled, from pre-Solowian authors up to the recent New or Endogenous Growth Theory (EGT). These difficulties became particularly clear with the Solow‐Swan model of growth in which the savings rate did not ...
openaire +1 more source
Journal of Macroeconomics, 1996
Abstract This paper applies neoclassical growth theory to the problem of optimal investment in infrastructure. We show that the rate of investment which maximizes steady-state per capita consumption is determined by the elasticity of aggregate output with respect to this factor.
openaire +1 more source
Abstract This paper applies neoclassical growth theory to the problem of optimal investment in infrastructure. We show that the rate of investment which maximizes steady-state per capita consumption is determined by the elasticity of aggregate output with respect to this factor.
openaire +1 more source
From Neoclassical Growth Theory to New Classical Macroeconomics
2001The puzzle I want to discuss — at least it seems to me to be a puzzle, though part of the puzzle is why it does not seem to be a puzzle to many of my younger colleagues — is this. More than forty years ago, I — and many others, especially Trevor Swan and James Tobin — worked out what has since come to be called neoclassical growth theory. It may not be
openaire +1 more source