Multisector Growth Models: Theory and Application / Edition 1

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Overview

This book provides a reader with a practical foundation in general equilibrium theory, embeds the theory in a multi-sector dynamic framework, discusses how to practically link the theory to real economic data, and provides clear instructions on how to use existing software – in this case Mathematica – to construct model simulations for policy and other analysis. This book pulls it all together in a conceptually sound, yet practical, manner, and brings the theory to life. A unique feature is the integration of traditional static trade theory into modern neoclassical growth theory so the reader has the sense of building upon known constructs as opposed to learning a sequence of different models. The book provides several examples of real economic problems with policy interests and shows how to "bring these problems to life" with theory and data.

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Editorial Reviews

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“The central issue of the book is transition from theoretical description of an economy to real-life applications of the theory. … The book could serve as a textbook for advanced undergraduate students or graduate students (e.g. in an Applied General Equilibrium course) or as a companion book for any person willing to apply the theory to real-life problems.”­­­ (Piotr Mackowiak, Zentralblatt MATH, Vol. 1198, 2010)

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Product Details

  • ISBN-13: 9780387773575
  • Publisher: Springer New York
  • Publication date: 10/13/2009
  • Edition description: 2010
  • Edition number: 1
  • Pages: 330
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.81 (d)

Table of Contents

Introduction: Orientation and Focus.- The Preliminaries.- The Two Sector Ramsey Model.- The Three-Sector Ramsey Model.- Extensions to the Three-Sector Model.- The Extended Three-Sector Model.- A Three-Sector – Two-Country World.- Data Issues and the Social Accounting Matrix.- Solution Methods in Transition Dynamics.

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