Increasing Returns and Economic Analysis
Title | Increasing Returns and Economic Analysis PDF eBook |
Author | Kenneth J. Arrow |
Publisher | Palgrave Macmillan |
Pages | 457 |
Release | 1998-04-11 |
Genre | Business & Economics |
ISBN | 9780312177201 |
Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
The Return to Increasing Returns
Title | The Return to Increasing Returns PDF eBook |
Author | James M. Buchanan |
Publisher | University of Michigan Press |
Pages | 400 |
Release | 1994 |
Genre | Business & Economics |
ISBN | 9780472104321 |
Makes available important articles on increasing returns as related to the size of the economy
The Increasing Returns and Economic Efficiency
Title | The Increasing Returns and Economic Efficiency PDF eBook |
Author | Yew-Kwang Ng |
Publisher | |
Pages | 19 |
Release | 2003 |
Genre | |
ISBN |
Increasing Returns and Economic Analysis
Title | Increasing Returns and Economic Analysis PDF eBook |
Author | Kenneth J. Arrow |
Publisher | Springer |
Pages | 478 |
Release | 1998-04-12 |
Genre | Business & Economics |
ISBN | 1349262552 |
Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
Inframarginal Contributions to Development Economics
Title | Inframarginal Contributions to Development Economics PDF eBook |
Author | Christis G. Tombazos |
Publisher | World Scientific Publishing Company |
Pages | 572 |
Release | 2006 |
Genre | Business & Economics |
ISBN |
The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This classical footing of the study of development is different from the neoclassical perspective in two important respects: (a) it focuses on division of labor as the driving force of development, and (b) it emphasizes the role of the market (the "invisible hand") in exploiting productivity gains that are derived from division of labor. However these aspects have received little attention in the body of literature that represents the modern field of development economics - which largely represents the neoclassical application of marginalism. A notable exception is research that utilizes inframarginal analysis of individuals' networking decisions in an attempt to formalize the classical mechanisms that drive division of labour. This book is a first attempt to collect relevant key contributions and will be invaluable to active researchers in the field of development economics. Contents: The Origins of Inframarginal Applications to the Study of Economic Development; Development Strategies, Income Distribution, and Dual Structures; Urbanization; Entrepreneurship and the Firm; Endogenous Transaction Costs andProperty Rights; Investment, Endogenous Growth, and Social Experiments; Infrastructure, Labor Surplus, Insurance, and the Trade-Off Between Leisure and Income. Key Features An excellent introduction to the emerging field of inframarginal economics A novel collection of key contributions in the field of inframarginal development economics Provides an evolutionary perspective of the study of economic development Readership: Academic economists.
Multisector Growth Models
Title | Multisector Growth Models PDF eBook |
Author | Terry L. Roe |
Publisher | Springer Science & Business Media |
Pages | 333 |
Release | 2009-10-03 |
Genre | Business & Economics |
ISBN | 0387773584 |
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.
Endogenous Growth in Historical Perspective
Title | Endogenous Growth in Historical Perspective PDF eBook |
Author | Ramesh Chandra |
Publisher | Springer Nature |
Pages | 336 |
Release | 2021-11-24 |
Genre | Business & Economics |
ISBN | 3030837610 |
In recent decades, new endogenous growth theory has become popular but the ideas are not new. They go back at least as far as Adam Smith, and the subsequent contributions made notably by Alfred Marshall and Allyn Young. This book critically discusses and provides an historical perspective to the entire spectrum of endogenous growth theories starting with Adam Smith and ending with Paul Romer. It fills an important gap in the literature. While contributions of individual authors are readily available, there is no comprehensive study on the subject covering such a vast ground, critically discussing these authors in a comprehensive framework. It collates all the arguments and economic viewpoints in one collection, providing both the seasoned economist and a graduate economist with a critical comparison of origin, mechanisms, conclusions, and policy implications of these models.