Alexander P. Abramov's Balanced and Cyclical Growth in Models of Decentralized PDF

By Alexander P. Abramov

ISBN-10: 3319079166

ISBN-13: 9783319079165

ISBN-10: 3319079174

ISBN-13: 9783319079172

This e-book is dedicated to the research of dynamical versions of decentralized fiscal platforms. The types thought of are in line with the Leontief easy dynamic version with a variety of mechanisms for decentralized making plans and administration. Branches of the commercial method are handled as absolutely self sustaining fiscal brokers that plan their paintings in keeping with their very own reasons. it truly is proven that the shortcoming of coordination among fiscal brokers results in a restrict cycle for a few fiscal symptoms. Conversely, the trade of data among the industrial brokers allows a circulation towards balanced progress. those effects are generalized for the version with dynamics of the effective resources and for the version with the ultimate intake. The research additionally considers an issue of endogenous technological growth in a decentralized economic climate. The appendix features a brief evaluation of non-negative matrices. The e-book deals a important source for mathematical economists and graduate scholars focusing on mathematical economics.

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North-Holland, Amsterdam Nikaido H (1968) Convex structures and economic theory. Academic, New York Solow RM (1956) A contribution to the theory of economic growth. Q J Econ 70:65–94 Chapter 3 Transition to Balanced Growth Abstract In this chapter, we consider algorithms for asymptotic transition to balanced growth in models of economic systems that use Leontief technologies. The first algorithm assumes that all sectors, when determining their output plans, choose a single projected value of their sales expansion rate.

Macmillan, New York Nadiri MI (1982) Producers theory. In: Arrow KJ, Intriligator MD (eds) Handbook of mathematical economics, vol II. North-Holland, Amsterdam Nikaido H (1968) Convex structures and economic theory. Academic, New York Solow RM (1956) A contribution to the theory of economic growth. Q J Econ 70:65–94 Chapter 3 Transition to Balanced Growth Abstract In this chapter, we consider algorithms for asymptotic transition to balanced growth in models of economic systems that use Leontief technologies.

Q J Econ 70:65–94 Chapter 3 Transition to Balanced Growth Abstract In this chapter, we consider algorithms for asymptotic transition to balanced growth in models of economic systems that use Leontief technologies. The first algorithm assumes that all sectors, when determining their output plans, choose a single projected value of their sales expansion rate. It also assumes that no sector is given priority with respect to receiving resources in short supply. The second algorithm differs from the first one in that planning is now based on observed demand.

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Balanced and Cyclical Growth in Models of Decentralized Economy by Alexander P. Abramov


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