Experimenting with Dynamic Macromodels von PierCarlo Nicola

Growth and Cycles
CHF 135.00 inkl. MwSt.
ISBN: 978-3-540-77396-2
Einband: Kartonierter Einband (Kt)
Verfügbarkeit: Lieferbar in ca. 20-45 Arbeitstagen

This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labour, in a discrete time structure. Labour supply is modelled as a reversed S curve (derived in the appendix). The models are expanded to include expenditure on R&D (thus endogenous technical progress), and public expenditure on infrastructures.

For each of the three models, numerical simulations are implemented in MAPLE, and the results are shown in time series figures, which make it easy to detect that even small changes in the parameters produce responses in the time behaviour of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.

The simulations show that cycles do not promote material welfare, as measured by total undiscounted consumption along the time horizon, and that the comparative action of R&D versus public expenditure is strictly linked to the values assigned to the parameters.


This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labour, in a discrete time structure. Labour supply is modelled as a reversed S curve (derived in the appendix). The models are expanded to include expenditure on R&D (thus endogenous technical progress), and public expenditure on infrastructures.

For each of the three models, numerical simulations are implemented in MAPLE, and the results are shown in time series figures, which make it easy to detect that even small changes in the parameters produce responses in the time behaviour of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.

The simulations show that cycles do not promote material welfare, as measured by total undiscounted consumption along the time horizon, and that the comparative action of R&D versus public expenditure is strictly linked to the values assigned to the parameters.


AutorNicola, PierCarlo
EinbandKartonierter Einband (Kt)
Erscheinungsjahr2008
Seitenangabe265 S.
LieferstatusLieferbar in ca. 20-45 Arbeitstagen
AusgabekennzeichenEnglisch
MasseH23.5 cm x B15.5 cm 890 g
CoverlagSpringer (Imprint/Brand)
ReiheLecture Notes in Economics and Mathematical Systems
VerlagSpringer Nature EN

Alle Bände der Reihe "Lecture Notes in Economics and Mathematical Systems"

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