GENEZE NEOKLASICKÝCH MODELŮ RŮSTU

• Authors: Duczynski Petr

Title variants

EN

Genesis of the neoclassical models of growth

• Languages of publication: CS

Abstracts

EN

The paper provides a Central European reader with some information concerning the knowledge in the field of economic growth. Information on neoclassical growth models (the 'Solow-Swan model' and the 'Ramsey model') is given. We present the production functions, the dynamic equations of the models, the steady state, and transitional dynamics. We discuss three variants of the introduction of the technological advance to the 'Solow-Swan model' and possible extensions of this model. The problematic behaviour of the neoclassical models in an open-economy setup is mentioned. The paper selects the 'AK model', which does not exhibit transitional dynamics, and the 'Uzawa-Lucas model', which on the contrary exhibits transitional dynamics, as examples of endogenous models. We discuss the modelling of the technological change and technological diffusion.

Keywords

EN

ECONOMIC GROWTH; ENDOGENOUS MODELS; NEOCLASSICAL MODELS; TECHNOLOGICAL CHANGE MODELLING

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2008
• Volume: 56
• Issue: 3
• Pages: 261-273
• Document type: ARTICLE

Contributors

author

Duczynski Petr

• P. Duczynski, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

08SKAAAA04718992