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The Dynamic Systems of Basic Economic Growth Models

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The Dynamic Systems of Basic Economic Growth Models Synopsis

Two central problems in the pure theory of economic growth are analysed in this monograph: 1) the dynamic laws governing the economic growth processes, 2) the kinematic and geometric properties of the set of solutions to the dynamic systems. With allegiance to rigor and the emphasis on the theoretical fundamentals of prototype mathematical growth models, the treatise is written in the theorem-proof style. To keep the exposition orderly and as smooth as possible, the economic analysis has been separated from the purely mathematical issues, and hence the monograph is organized in two books. Regarding the scope and content of the two books, an "Introduction and Over- view" has been prepared to offer both motivation and a brief account. The introduc- tion is especially designed to give a recapitulation of the mathematical theory and results presented in Book II, which are used as the unifying mathematical framework in the analysis and exposition of the different economic growth models in Book I. Economists would probably prefer to go directly to Book I and proceed by consult- ing the mathematical theorems of Book II in confirming the economic theorems in Book I. Thereby, both the independence and interdependence of the economic and mathematical argumentations are respected.

About This Edition

ISBN: 9789401044516
Publication date:
Author: Bjarne S Jensen
Publisher: Springer an imprint of Springer Netherlands
Format: Paperback
Pagination: 356 pages
Series: Mathematics and Its Applications
Genres: Mathematical modelling
Differential calculus and equations
Maths for engineers
Economic theory and philosophy
Macroeconomics
Economic growth
Econometrics and economic statistics