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Book Optimal Economic Growth and Non Stable Population

Download or read book Optimal Economic Growth and Non Stable Population written by Evert van Imhoff and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies optimal economic growth in a closed economy which experiences non-stable population growth. The economy is described by means of a neoclassical growth model which distinguishes overlapping generations within the population. The basic neoclassical growth model is extended to include various types of technical change, as well as investment in human capital or education. The research described in this book connects the analytical tools of traditional growth theory with the actual demographic experience of most industrialized countries. The role of demographic processes in the growth theoretical literature is discussed in the next section. The discussion will show that growth theory needs to extend its scope through the construction of growth models which explicitly recognize demographic forces as a potential source of non-stationarities. This book constitutes a first attempt at such a demographic extension. 1.1 Growth theory and demographic change The theory of economic growth (e.g. Solow, 1970; Burmeister & Dobell, 1970; Wan, 1971) attempts to describe and to explain the long-run development of an economic system (or, in short, economy). An economic system is essentially dynamic in nature. Among the most important sources of dynamics in economics are the following: accumulation of capital (investment); technical change; population growth. Some of these dynamic forces are, at least in part, endogenous to the economic system (i.e. determined by economic variables).

Book Population in Models of Optimal Economic Growth

Download or read book Population in Models of Optimal Economic Growth written by Marietta Aloukou Constantinides and published by . This book was released on 1983 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Optimal Economic Growth and Non stationary Population

Download or read book Optimal Economic Growth and Non stationary Population written by Evert Imhoff and published by . This book was released on 1987 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Optimal Policies in Economic demographic Growth Models

Download or read book Optimal Policies in Economic demographic Growth Models written by Geoffrey Ronald Hill McNicoll and published by . This book was released on 1972 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Optimal Control of Age structured Populations in Economy  Demography  and the Environment

Download or read book Optimal Control of Age structured Populations in Economy Demography and the Environment written by Raouf Boucekkine and published by Routledge. This book was released on 2013-05-13 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a wide range of topics within mathematical modelling and the optimization of economic, demographic, technological and environmental phenomena. Each chapter is written by experts in their field and represents new advances in modelling theory and practice. These essays are exemplary of the fruitful interaction between theory and practice when exploring global and local changes. The unifying theme of the book is the use of mathematical models and optimization methods to describe age-structured populations in economy, demography, technological change, and the environment. Emphasis is placed on deterministic dynamic models that take age or size structures, delay effects, and non-standard decision variables into account. In addition, the contributions deal with the age structure of assets, resources, and populations under study. Interdisciplinary modelling has enormous potential for discovering new insights in global and regional development. Optimal Control of Age-structured Populations in Economy, Demography, and the Environment is a rich and excellent source of information on state-of-the-art modelling expertise and references. The book provides the necessary mathematical background for readers from different areas, such as applied sciences, management sciences and operations research, which helps guide the development of practical models. As well as this the book also surveys the current practice in applied modelling and looks at new research areas for a general mathematical audience. This book will be of interest primarily to researchers, postgraduate students, as well as a wider scientific community, including those focussing on the subjects of applied mathematics, environmental sciences, economics, demography, management, and operations research.

Book Economic Theory of Optimal Population

Download or read book Economic Theory of Optimal Population written by Klaus F. Zimmermann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The notion of optimum population has attracted the attention of economists ever since economics was made a science. Roots can be traced back to ancient Greece. The topic has recently found rising interest among population economists and demographers. The economic concept of optimum population seeks to define the population size, which maximizes a welfare criterion of the society. The purpose of this book is to outline this concept from a micro and macro perspective and to link it with issues of technical progress, social security, limited resources and migration. It treats fertility endogenously and studies its welfare and policy implications. The emphasis is on a rigorous theoretical treatment of the subject using the modern growth and welfare theory as well as the new classical micro model of the family.

Book Mathematical Studies of Optimal Economic Growth Model with Monetary Policy

Download or read book Mathematical Studies of Optimal Economic Growth Model with Monetary Policy written by Xiang Liu and published by . This book was released on 2017 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, efforts will be made to study an extended Neoclassic economic growth model derived from Solow-Swan Model and Ramsey-Cass-Koopsman Model. Some growth models (e.g. Solow-Swan Model) attempt to explain long-run economic growth by looking at capital accumulation, labor or population growth, and in- creases in productivity, while our derived model tends to look at growth from individual household and how their choice of saving, consumption and money holdings would affect the overall economic capital accumulation over a long period of time. First an optimal control model is set up, and a system of differential equations and algebraic equations is derived from the optimal solutions which is an extension of the existing model. Secondly, the equilibrium points and their stability of both models are studied by calculating the determinant of their respective Jacobian matrix. Last but not least, model numerical simulations are performed for both models using Matlab, in hopes that it will give us a better understanding of the system and a clearer pattern for the behaviors of each model.

Book Optimal Economic Growth and Endogenous Population Change

Download or read book Optimal Economic Growth and Endogenous Population Change written by John Stuart Lane and published by . This book was released on 1972 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Economic Policy in a Demographically Divided World

Download or read book Economic Policy in a Demographically Divided World written by Hendrik P. van Dalen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy in a Demographically Divided World contains the economic analysis of the consequences of demographic change and the diverging population developments in an interdependent world economy in particular. The global divergence in demographic developments gives rise to a myriadof economic and ethical problems. This topic is treated with the help of themathematical apparatus of neoclassical optimal growth models. The author tries to disentangle the basic policy issues of a demographically divided world, such as a selective immigration policy, sustainable patterns of international lending and borrowing, development aid, and dynamic optimal taxation. The most important feature of the book is that it brings together information and theories of fairly recent date to analyse a practical policy problem, viz. issues related to a world economy that is characterised by a demographic division. This stylised fact is hardly given some attention in current economic theory and the book contains with respect to this stylised fact some new results. Customers might benefit from the book by gaining intuition concerning principles of economic policy in a world characterised by demographic change.

Book Optimal Economic Growth with Exhaustible Resources

Download or read book Optimal Economic Growth with Exhaustible Resources written by Prem C. Garg and published by Routledge. This book was released on 2017-10-17 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979. For decades conservationists have argued that increasing population will eventually out-strip the limited natural resources of the earth. Economists have responded by saying that any resource scarcity will be forestalled by changes in tastes and technology, induced by the appropriate price signals. This study is an attempt to develop a theoretical framework for analysing some of the issues related to this debate. Using an optimal growth theory framework, the author analyses the problem of optimally allocating a finite stock of the resource over time. In the process the author points out the crucial parameters and value judgments relevant to the various issues. This title will be of interest to students of environmental economics.

Book Economic Growth  second edition

Download or read book Economic Growth second edition written by Robert J. Barro and published by MIT Press. This book was released on 2003-10-10 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.

Book Demographic Change and Economic Growth

Download or read book Demographic Change and Economic Growth written by Lars Weber and published by Springer Science & Business Media. This book was released on 2010-08-02 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the author investigates the impact of demographic change on economic growth. As a result of the current financial crisis, a new view on economics has been demanded by various scientists. The author provides such a new view on economic growth, using a methodology of system dynamics. By applying this method, the author focuses on characteristics of complex systems and analyzes aging and shrinking processes, and not only positive growth. Delays and feedback processes are also considered. This leads to deeper and revealing insights into economic behavior. In doing so, a new semi-endogenous growth model is developed by introducing a specific and detailed population sector (demographic growth model). The book shows and analyzes the behavior of such a model and tests several policy scenarios in a transfer chapter to apply the new theoretical approach on real world problems. The major results are summarized in 15 principles of demographic growth.

Book Population in Economic Growth

Download or read book Population in Economic Growth written by John David Pitchford and published by [Amsterdam] : North-Holland Publishing Company ; New York : American Elsevier. This book was released on 1974 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory monograph on the relationship between population growth and economic growth - reviews various population theories, economic models and growth models of factors influencing fertility and mortality rates, includes an economic analysis of optimum population in relation to economic resources and age structure, and considers the economic implications of birth control. Graphs and references.

Book Economic Growth

Download or read book Economic Growth written by Steven Durlauf and published by Springer. This book was released on 2016-05-23 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Book Population Economics

Download or read book Population Economics written by Assaf Razin and published by MIT Press. This book was released on 1995 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Malthus to Becker, the economic approach to population growth and its interactions with the surrounding economic environment has undergone a major transformation. Population Economicselucidates the theory behind this shift and the consequences for economic policy. Razin and Sadka systematically examine the microeconomic implications of people's decisions about how many children to have and how to provide for them on population trends and social issues of population policy. The authors analyze how these decisions affect labor supply, consumption, savings and bequests, investments in human capital, and economic growth, along with related new issues such as migration and income redistribution across generations, in an integrated microeconomic framework. Population Economicsis a thoroughly modern treatment of population economics as a field in public economics. It integrates and extends Marc Nerlove's Household and Economy: Welfare Economics of Endogenous Fertility, as well as work written jointly with colleagues that has appeared in various journals and other publications.

Book Demographic Change and Economic Development

Download or read book Demographic Change and Economic Development written by Alois Wenig and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, population economics has become increasingly popular in both economic and policy analysis. For the inquiry into the long term development of an economy, the interaction between demographic change and economic activity cannot be neglected without omitting major aspects of the problems. This volume helps to further developments in theoretical and applied demographical economics covering the issues of demographic change and economic development. The interaction between demographic change and economic development in the long run is one central issue. One conjecture is that it is mainly the relative population pressure which controls the pace of economic development. However, econometric evidence presented in the book does not support this hypothesis. Other papers deal with the relationships between fertility and business cycle fluctuations, the timing of births, the efficiency in intergenerational transfers, the role of open economies for the population issue, historical perspectives of demographic change in Hungary and an outline of recent developments of applied modelling using input-output models, programming models or econometric techniques.

Book On the Cusp

    Book Details:
  • Author : Charles S. Pearson
  • Publisher : Oxford University Press
  • Release : 2015-06-15
  • ISBN : 0190223936
  • Pages : 257 pages

Download or read book On the Cusp written by Charles S. Pearson and published by Oxford University Press. This book was released on 2015-06-15 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: For much of its history, human population growth increased at a glacial pace. The demographic rate only soared about 200 years ago, climaxing between the years 1950 and 2000. In that 50-year span, the population grew more than it had in the previous 5,000 years. Though these raw numbers are impressive, they conceal the fact that the growth rate of population topped out in the 1960s and may be negative later this century. The population boom is approaching a population bust, despite the current world population of seven billion people. In On the Cusp, economist Charles Pearson explores the meaning of this population trend from the arc of demographic growth to decline. He reviews Thomas Malthus's famous, but mistaken, 1798 argument that human population would exceed the earth's carrying capacity. That argument has resurfaced, however, in the current environmental era and under the threat of global warming. Analyzing population trends through dual lenses -- demography and economics -- Pearson examines the potential opportunities and challenges of population decline and aging. Aging is almost universal and will accelerate. Mitigating untoward economic effects may require policies to boost fertility (which has plunged), increase immigration, and work longer, harder, and smarter -- as well as undertake pension and health care reform, all of which have hidden costs. The writing is rigorous but not technical, and is complemented by a helpful set of figures and tables. Sharp, bold, and occasionally funny, Pearson's research has thought-provoking implications for future public policies. He ends his analysis with a modestly hopeful conclusion, noting that both the rich and the poor face a new demographic order. General readers and students alike will find On the Cusp an informative and engaging read.