Experimenting with Dynamic Macromodels

Experimenting with Dynamic Macromodels
Author :
Publisher : Springer Science & Business Media
Total Pages : 265
Release :
ISBN-10 : 9783540773979
ISBN-13 : 3540773975
Rating : 4/5 (975 Downloads)

Book Synopsis Experimenting with Dynamic Macromodels by : PierCarlo Nicola

Download or read book Experimenting with Dynamic Macromodels written by PierCarlo Nicola and published by Springer Science & Business Media. This book was released on 2008-02-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labor, in a discrete time structure. The model is expanded to include expenditure on R&D and public expenditure on infrastructure. For each of the three models the results are shown in time series figures, which demonstrate that even small changes in the parameters produce responses in the time behavior of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.


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