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The Impact of Science on Economic Growth and Its Cycles: The Mathematical Dynamics Determined by the Basic Macroeconomic Facts: 464 - Brossura
The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.
Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.
Contenuti:
The Macroeconomic Problem.- The Fundamental Laws of Science-Based Economic Growth: Canonical Formalism: Basics.- The Canonical Formalism of Macroeconomics.- Derivation of the 17 Basic Macroeconomic Facts from the Canonical Formalism: The Principle of Economy in Scientific Explanation.- Growth Paths Determined by Canonical Formalism.- The Plosser Fact and Other Growth Effects of Savings Rate.- The Kydland Facts on Leads and Lags in Business Cycles.- Correlations and Variations over the Ordinary Business Cycles.- Correlations over Anomalous Business Cycles.- The Role of Stochastic Shocks in the Business Cycle.-
Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.
- EditoreSpringer Nature
- Data di pubblicazione1998
- ISBN 10 3540647279
- ISBN 13 9783540647270
- RilegaturaCopertina flessibile
- Numero di pagine204
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The Impact of Science on Economic Growth and its Cycles: The Mathematical Dynamics Determined by the Basic Macroeconomic Facts (Lecture Notes in Economics and Mathematical Systems) by Aulin, Arvid [Paperback ]
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The Impact of Science on Economic Growth and its Cycles: The Mathematical Dynamics Determined by the Basic Macroeconomic Facts (Lecture Notes in Economics and Mathematical Systems, 464)
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The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
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The Impact of Science on Economic Growth and Its Cycles: The Mathematical Dynamics Determined by the Basic Macroeconomic Facts (Lecture Notes in Economics and Mathematical Systems)
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Springer-Verlag
(1998)
ISBN 10: 3540647279
ISBN 13: 9783540647270
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Descrizione libro Paperback. Condizione: Brand New. 1st edition. 213 pages. 9.75x6.25x0.50 inches. In Stock. Codice articolo x-3540647279
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The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
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Springer Berlin Heidelberg
(1998)
ISBN 10: 3540647279
ISBN 13: 9783540647270
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Descrizione libro Taschenbuch. Condizione: Neu. Druck auf Anfrage Neuware - Printed after ordering - The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons. Codice articolo 9783540647270
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The Impact of Science on Economic Growth and its Cycles
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Springer Berlin Heidelberg
(1998)
ISBN 10: 3540647279
ISBN 13: 9783540647270
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Descrizione libro Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Correct explanation of macroeconomic facts by special nonlinear dynamicsIntroducing mathematical tools not used before in economicsThe author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by non. Codice articolo 4896889
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The Impact of Science on Economic Growth and its Cycles
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Springer Berlin Heidelberg Sep 1998
(1998)
ISBN 10: 3540647279
ISBN 13: 9783540647270
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Descrizione libro Taschenbuch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons. 220 pp. Englisch. Codice articolo 9783540647270
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The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
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