On growth in disequilibrium
Article Abstract:
This article discusses the contradictions of assumed economic growth along an optimal path in static equilibrium. The author asserts that it is possible to formulate an endogenous growth model using constant returns without the equilibrium assumption that resources, labor and capital must be equal to factor shares in national accounts; a more general product function is used.
Publication Name: International Journal of Applied Economics and Econometrics
Subject: Economics
ISSN: 0971-8281
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Monotone price movements: a non-Euclidean approach
Article Abstract:
This article provides a mathematical model for price movements, defining the angle between the price vector at the generic rate of profit and the maximum rate of profit. The author asserts that the angle required for these results are only the familiar Euclidean angle in some cases.
Publication Name: International Journal of Applied Economics and Econometrics
Subject: Economics
ISSN: 0971-8281
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Partial horizontal inequity orderings: a non-parametric approach. Fitting regional income distributions in the European Union
- Abstracts: Crash states and the equity premium: solving one puzzle raises another. Algorithms for solving dynamic models with occasionally binding constraints
- Abstracts: Product differentiation and price competition between a safe and risky seller. Why do workers spend so much time on inferior tasks?
- Abstracts: Efficient equilibrium convergence: heterogeneity and growth. Multimarket contact, imperfect monitoring, and implicit collusion
- Abstracts: Accounting for income inequality in rural China: a regression-based approach. Determinants of the performance of foreign invested enterprises in China