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OverviewUsing 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. Full Product DetailsAuthor: Paolo MattanaPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.258kg ISBN: 9781138357679ISBN 10: 1138357677 Pages: 181 Publication Date: 31 January 2022 Audience: College/higher education , General/trade , Tertiary & Higher Education , General Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsContents: The model and the existence of non-degenerate balanced solutions; The general properties of the Uzawa-Lucas economy; The centralized economy; The properties of the competitive equilibrium; The inefficiency of the market economy and the design of optimal fiscal policies; Bibliography; Index.ReviewsAuthor InformationPaolo Mattana, The University of Cagliari, Italy Tab Content 6Author Website:Countries AvailableAll regions |
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