Front Matter; Foundations of Macroeconomic Dynamics; Population Dynamics and the Labour Market; Production Functions; A Model Without R & D and Public Expenditure; Some Determinants of Endogenous Growth; Public Expenditure and Taxes; Stationary Population: Cobb-Douglas Simulations; Stationary Population: CES Simulations; Stationary Population: Leontief Simulations; Steady Growing Population; Logistic Growing Population; Effects of Public Expenditure; Material Welfare Comparisons; Back Matter
Summary
This book presents a macroeconomic dynamic model?? la Solow-Swan, including the market for labour, in a discrete time structure. Labour supply is modelled as a reversed S curve (derived in the appendix). The models is expanded to include expenditure on R & D (thus endogenous technical progress), and public expenditure on infrastructures. For each of the three models, numerical simulations are implemented in MAPLE, and the results are shown in time series figures, which make it easy to detect that even small changes in the parameters produce responses in the time behaviour of the main variables
Bibliography
Includes bibliographical references (pages 259-261) and index
