Neoclassical model

In the first post-war decade, studies of the problems of the regional economy were developed in many countries based on the supply chain management. Prerequisites were created for the unification of regional scientists and a new attempt to synthesize theories of spatial and regional economics. At this stage, the avant-garde role was played by an American scientist, W. Isard.

6p longtimenosee10 26-04-2024 3 1   Download

Lecture "Development policy: Economic growth" includes content: the neoclassical growth model, the Solow model of growth, labor productivity in the Solow model, neoclassical growth model with endogenous technology,... We invite you to refer to the lecture!

17p kimphuong1144 04-12-2023 7 3   Download

Continued part 1, part 2 of ebook "Institutions and economic theory: The contribution of the new institutional economics (Second edition)" provides readers with contents including: the new institutional economics; the new institutional economics of the firm; the new institutional economics of the state; future development of the new institutional economics; modern institutionalism - the opportunities for progress; a comparison of some formal models of the firm;...

342p lytamnguyet 04-08-2023 7 4   Download

Ebook "International trade theory and practice" has presents the following content: introduction to international trade theory and policy; foundations of trade theory; new explanations for international trade; the classical (ricardo-torrens) theory of comparative costs; the neoclassical theory of international trade; the Heckscher-Ohlin model; the four core theorems;...

325p kimphuong1122 16-08-2023 13 4   Download

The paper "Impact of labor on the economic growth of Vietnam: History, situation and prediction" aims to analyze the effects of the fluctuation in labor force and labor productivity on Vietnam’s economic growth. Using the neoclassical growth model with data from the General Statistics Office, the study shows that when the number of laborers increases by 1%, the economic growth rate will raise by 2.78%.

9p nhanchienthien 25-07-2023 3 3   Download

Part 1 of ebook "International trade theory and policy: With contributions by Federico Trionfetti" has presents the following content: introduction to international trade theory and policy; foundations of trade theory; new explanations for international trade; the classical (ricardo-torrens) theory of comparative costs; the neoclassical theory of international trade; the Heckscher-Ohlin model; the four core theorems;...

314p dieptieuung 20-07-2023 6 3   Download

Part 1 of ebook "Economic growth and macroeconomic dynamics: Recent developments in economic theory" provide readers with content about: topics in growth theory; growth and the elasticity of factor substitution; relative wealth, catching up, and economic growth; statistical issues in growth and dynamics; delinearizing the neoclassical convergence model;...

130p damtuyetha 16-02-2023 6 2   Download

Lecture Macroeconomics in context: A European perspective - Chapter 2: Useful Tools and Concepts.

27p runordie1 10-05-2022 8 1   Download

Chapter 17 - Investment. This chapter examines how the financial system works. First, we discuss the large variety of institutions that make up the financial system in our economy. Second, we discuss the relationship between the financial system and some key macroeconomic variables notably saving and investment. Third, we develop a model of the supply and demand for funds in financial markets.

46p lovebychance02 04-05-2021 19 1   Download

The authors use the approach of autoregressive distributed lag model and Vietnam’s macro data in the period of 1990-2016, to evaluate the short and long-term effects of public investment on economic growth and private investment. The model evaluates the impact of public investment on economic growth and private investment based on the neoclassical theories. The public investment which strongly affects economic growth is also reflected by aggregate supply and demand.

18p nguathienthan5 03-06-2020 23 0   Download

In this chapter, the following content will be discussed: When government spending > revenues, it must borrow money: debt is the sum of past deficits & surpluses; economic research centers on whether future generations carry the burden of government debt; several factors influence whether government should finance expenditures through taxes or debt;...

14p thiendiadaodien_8 24-02-2019 29 3   Download

To examine the role of human capital in economic growth in coastal provinces of Southern Central Vietnam (SCV), the research employs data from balance sheets of eight provinces in this region and a neoclassical growth model with an extended Cobb-Douglas production function including the following variables.

18p danhnguyentuongvi27 18-12-2018 35 1   Download

(bq) part 1 book "international economics" has contents: the world of international economics; early trade theories- mercantilism and the transition to the classical world of david ricardo, the classical world of david ricardo and comparative advantage, extensions and tests of the classical model of trade,... and other contents.

483p bautroibinhyen23 02-04-2017 55 6   Download

This thesis examines empirically whether there is a link between education and economic growth in Chile during the period 1973-2005. This is done through the adoption of time-series analysis and co-integration techniques. Based on economic theory and empirical findings, potential implications for Chilean educational policy are then discussed.

58p pechi1412 25-11-2015 63 6   Download

Convergence problem of an economic variable represents an underlying forecast of neoclassical economic growth model. This paper aims to analyze the convergence of provincial per capita GDP stability in Vietnam over the period of 1991-2007.

10p rakther 12-09-2014 82 3   Download

Economic crises are historically times of industrial renewal. Less efficient firms fail while more dynamic ones emerge and expand. Creative destruction is an essential engine of long term efficiency in market economies, and it intensifies in downturns. Available data for many OECD countries point to a sharp increase in bankruptcies and business failures in recent months. New business models and new technologies, particularly those allowing a reduction in cost, often arise in downturns, as was the case with low-cost airlines which grew out of the recession of the early 1990s.

22p trinhcaidat 19-04-2013 62 3   Download

In Section V, we discuss how our theory contributes to the literature on contracting with timeinconsistent or irrational consumers and relates to neoclassical screening. We are not aware of a theory with rational time-consistent borrowers that explains the key contract features predicted by our model, and we argue that natural specifications do not do so. Because the main predictions of our model are about repayment terms, the most likely neoclassical screening explanation would revolve around heterogeneity in borrowers’ ability to repay the loan early.

16p enter1cai 12-01-2013 43 1   Download

Although research on limits to arbitrage is far from played out, it is fair to say that a broad consensus is emerging with respect to the key ideas and modeling ingredients. This should not be too surprising, given that the relevant tools all come from neoclassical microeconomics: arbitrageurs can be modeled as fully rational, with no need to appeal to any behavioral or psychological biases.

46p bocapchetnguoi 05-12-2012 38 1   Download

This article presents the stochastic growth model. The stochastic growth model is a stochastic version of the neoclassical growth model with microfoundations,1 and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research. The most popular way to solve the stochastic growth model, is to linearize the model around a steady state,2 and to solve the linearized model with the method of undetermined coefficients. This solution method is due to Campbell (1994)....

32p tuanloc_do 04-12-2012 64 2   Download

This note presents the neoclassical growth model in discrete time. The model is based on microfoundations, which means that the objectives of the economic agents are formulated explicitly, and that their behavior is derived by assuming that they always try to achieve their objectives as well as they can: employment and investment decisions by the firms are derived by assuming that firms maximize profits; consumption and saving decisions by the households are derived by assuming that households maximize their utility....

21p tuanloc_do 04-12-2012 51 0   Download