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Cournot-Nash Family Decision and Economic Growth in an Extended Solowian Model

100%
Zhang W.-B.
Academicus. International Scientific Journal
|
2020
|
issue 21
101-114
EN
The purpose of this paper is to study economic growth with family-based microeconomic foundation. It develops a neoclassical growth model of endogenous wealth accumulation and consumption of two-person families. Growth mechanism and economic structures are based on a generalized Solowian growth model with Zhang’s concept of disposable income and utility. Each spouse maximizes his/her utility function which is dependent on his/her egocentric utility function and the spouse’s egocentric utility function. One’s egocentric utility function is related to one’s private consumption of goods, consumption of family goods, and saving made out of one’s own disposable income. The couple’s decisions are interdependent and are modelled as a Cournot-Nash game. Our model endogenously determines intra-household wealth accumulation and resource allocation on consumption and saving. The paper make an integration of some basic ideas in neoclassical growth theory and family economics. We conduct comparative dynamic analyses to show how the movement of the economy is affected by different exogenous changes in gender relations, preferences, and technologies.
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Ekonometryczna analiza konwergencji regionów Polski metodami panelowymi

63%
Kliber P.
Studia Regionalne i Lokalne
|
2007
|
issue 1(27)
74-87
PL
W artykule omawiany jest problem konwergencji gospodarek regionalnych województw polskich do stacjonarnych stanów równowagi w modelu Solowa. Pokazano, jak można wyznaczyć odpowiednie parametry β-konwergencji warunkowej i bezwarunkowej ekonometrycznymi metodami panelowymi. Szacunków dokonano metodami panelowymi z tzw. efektami stałymi. Metody te umożliwiają wyznaczenie stóp wzrostu produktywności pracy (indeksu postępu technicznego), a także różnic w produktywności między poszczególnymi województwami.
EN
The author investigates the problem of convergence of Polish regions towards their stationary stable states in the Solow model. The article shows how it is possible to estimate the conditional and unconditional β-convergence with the panel methods. The estimations using panels with fixed effects are performed, which allows to estimate the growth rates of labor productivity (technical progress) and to check the differences between regions with respect to the productivity.
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