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Economic Dynamics, second edition

Economic Dynamics, second edition
Author: John Stachurski
Publisher: MIT Press
Total Pages: 395
Release: 2022-08-16
Genre: Business & Economics
ISBN: 0262544776

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The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.


Theory of Economic Dynamics

Theory of Economic Dynamics
Author: Michal Kalecki
Publisher:
Total Pages: 180
Release: 2009
Genre: Business cycles
ISBN: 9781583677254

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Routledge Revivals: Studies in Economic Dynamics (1943)

Routledge Revivals: Studies in Economic Dynamics (1943)
Author: M. Kalecki
Publisher: Routledge
Total Pages: 98
Release: 2017-07-05
Genre: Business & Economics
ISBN: 1351662031

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First published in 1943, this work contains five interconnected essays presenting the author's renowned additions to the business cycle theory. Written by one of the most distinguished economists of the 20th century, this work will be essential reading for students and scholars of the history of economic thought, monetary theory and macroeconomics.


Complex Economic Dynamics

Complex Economic Dynamics
Author: Richard H. Day
Publisher:
Total Pages: 0
Release: 2000-02
Genre: Ekonomi, Matematiksel
ISBN: 9780262528603

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V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.


Computational Methods in Economic Dynamics

Computational Methods in Economic Dynamics
Author: Herbert Dawid
Publisher: Springer Science & Business Media
Total Pages: 217
Release: 2011-03-23
Genre: Business & Economics
ISBN: 3642169430

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This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.


Recursive Methods in Economic Dynamics

Recursive Methods in Economic Dynamics
Author: Nancy L. Stokey
Publisher: Harvard University Press
Total Pages: 607
Release: 1989-10-10
Genre: Business & Economics
ISBN: 0674735188

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This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.


Understanding the Dynamics of a Knowledge Economy

Understanding the Dynamics of a Knowledge Economy
Author: Wilfred Dolfsma
Publisher: Edward Elgar Publishing
Total Pages: 275
Release: 2006-01-01
Genre: Computers
ISBN: 1845429893

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. . . the topical way in which the subject is discussed makes this book useful also for policymakers or entrepreneurs interested in the subject. It is also appropriate for Masters or Ph.D. students who have a basic background in economics and management. . . [the book] provides interesting and deep analysis of the dynamic of knowledge economy and it is very well written. Francesca Masciarelli, Journal of Management and Governance The knowledge economy is a concept commonly deemed too ambiguous and elusive to hold any significance in current economic debate. This valuable book seeks to refute that myth. Presenting an important collection of views, from a number of leading scholars, this innovative volume visibly demonstrates that knowledge and information are a prime resource in driving the dynamics of an economy. It is argued that in order to understand the knowledge economy a diverse set of insights and approaches are required, which shed new and striking light on the roots of present-day economic dynamics. Using both theoretical and empirical material, this interdisciplinary collection offers a range of micro and macro perspectives. It draws on a variety of scientific backgrounds, and uses and develops a number of different methodologies, some of which may not be familiar in mainstream economics. The approaches adopted by historians, economists, systems theorists, management scholars and geographers which are explored in this book are central to encouraging a new and practical way forward in reading the dynamics of the knowledge economy. In offering these key insights, this important volume makes an invaluable contribution to the lively debate surrounding the knowledge economy. An essential read for economists, this book will also find widespread appeal amongst scholars of management, cultural studies and geography.


Producer Dynamics

Producer Dynamics
Author: Timothy Dunne
Publisher: University of Chicago Press
Total Pages: 623
Release: 2009-05-15
Genre: Business & Economics
ISBN: 0226172570

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The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in Producer Dynamics exploit this newly available data on establishments, firms, and workers, to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. Producer Dynamics will serve as an invaluable reference to economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.


Essays in Economic Dynamics

Essays in Economic Dynamics
Author: Akio Matsumoto
Publisher: Springer
Total Pages: 258
Release: 2016-09-22
Genre: Business & Economics
ISBN: 981101521X

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This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed to investigate their asymptotic properties. The book offers a comprehensive summary of the existing methodology with extensions to the more complex model variants, since considerations on bounded rationality of complex economic behavior provide the foundation underlying choice-theoretic and policy-oriented studies of macro behavior, which impact the real macro economy. It includes 13 chapters addressing traditional models such as monopoly, duopoly and oligopoly in microeconomics and Keynesian, Goodwinian, and Kaldor–Kaleckian models in macroeconomics. Each chapter presents new aspects of these traditional models that have never been seen before. This work renews the past wisdom and reveals tomorrow's knowledge.