181 Pages
by
Routledge
181 Pages
by
Routledge
181 Pages
by
Routledge
Also available as eBook on:
Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector... Read more
Contents: The model and the existence of non-degenerate balanced solutions; The general properties of the Uzawa-Lucas economy; The centralized economy; The properties of the competitive equilibrium; The inefficiency of the market economy and the design of optimal fiscal policies; Bibliography; Index.
Biography
Paolo Mattana, The University of Cagliari, Italy
