Experimenting with Dynamic Macromodels: Growth and Cycles

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 detec...