Cycles, Growth and Structural Change
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Cycles, Growth and Structural Change

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Description

This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth and structural change. Employing a sophisticated level of mathematical modelling, the collection contains articles from, amongst others, William Baumol, Katsuhito Iwai and William Brock.show more

Product details

  • Paperback | 416 pages
  • 150 x 224 x 28mm | 579.99g
  • Taylor & Francis Ltd
  • ROUTLEDGE
  • London, United Kingdom
  • English
  • 1138865958
  • 9781138865952

Table of contents

Preface L.F. PunzoPart I. Facts and Interpretations of Growth and Fluctuations1. Economic cycles since 1870 Solomos Solomou2. Growth and fluctuations: the post-war Japanese experience Hiroshi Yoshikawa3. Productivity-investment fluctuations and structural change Bernhard Böhm and Lionello F. PunzoPart II. The Macroeconomy and its Dynamics4. Qualitative dynamics and macroeconomic evolution in the very long run Richard H. Day and Oleg V. Parlov5. Out-of-equilibrium dynamics Mario Amendola and Jean Luc Gaffard6. Disequilibrium growth in monetary economies: basic components and the KMG working model Peter Flaschel7. Schumpeterian dynamics: a disequilibrium theory of long run profits Katsuihito IwaiPart III. Dynamics by Interaction8. Equilibrium distribution of agents by types in a market, and existence of power laws Masano Aoki9. The instability of markets Tad Hogg, Bernardo Huberman and Michael Youssefmir10. Financial fragility and fluctuating growth Domenico Delli Gatti and Mauro Gallegati11. Toward the microeconomics of innovation: growth engine of market economies William J. BaumolPart IV. Challenges for Quantitative Methodologies12. Business cycle research: methods and problems Edward C. Prescott13. Complexity-based methods in cycles and growth: any potential value-added? William A. Brock14. Information, complexity and the MDL principle Jorma Rissanen15. The 'exogenous' in 'endogenous' growth theory Frank Hahnshow more