Synopsis
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.
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From the Back Cover
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.
"About this title" may belong to another edition of this title.
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Multisector Growth Models: Theory and Application
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SPRINGER NATURE Okt 2009, 2009
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Buch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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. 330 pp. Englisch. Seller Inventory # 9780387773575
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Gebunden. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Emphasizes the microfoundations of multi-sector growth modelsPractical guide for constructing, solving, applying and validating multisector growth modelsInstructions on software applications (Mathematica)The primary objective of thi. Seller Inventory # 5911134
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Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Seller Inventory # 9780387773575
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