• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Uzawa-Lucas Endogenous Growth Model

The Uzawa-Lucas Endogenous Growth Model

Paperback

Business GeneralEconomics

ISBN10: 1138357677
ISBN13: 9781138357679
Publisher: Routledge
Published: Jan 31 2022
Pages: 181
Weight: 0.55
Height: 0.39 Width: 6.00 Depth: 9.00
Language: English
Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector capital accumulation growth model where human capital is allowed to enter a neo-classical-style production structure in multiplicative terms. In this book Paolo Mattana fully explores the dynamic possibilities of the model from both the market and the centralized perspective. A critical evaluation of the inefficiency in the market economy is also provided.

Also in

Business General