Savings in the Uzawa-Lucas model of economic growth

Article Abstract:

The behavior of savings under the Uzawa-Lucas model was analyzed and compared with other economic growth models, such as the Cambridge model. Under the Uzawa-Lucas model, the fractions of profits and labor income saved were alike. Compared to the Cambridge model, a closer affinity exists between the Uzawa-Lucas model and models made by Harrod and Domar and Solow since the aggregate savings ratio of the former was found to be neutral in relation to the income distribution between labor and capital.

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The general relation between two different notions of direct and indirect input requirements

Article Abstract:

A proposal was made regarding the general relation between two diversed notions of direct and indirect input requirements. The proposal was obtained after consideration was made on the work of Ki-Jun Jeong. Ki-Jun Jeong established a relation between the notion of direct and indirect input requirements to back a final demand unit and to create a gross output unit in the open input-output model.

Research and Development in the Physical, Engineering, and Life Sciences, Mathematics, Formulas (Mathematics)

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Endogenous growth cycles: Arrow's learning by doing reconsidered

Article Abstract:

This article presents a two-sector model of economic growth in which human capital is acquired through experiential learning. This model incorporates the emergence of persistent growth cycles since changes in experience are reflected by changes in investment patterns.

Germany, Investments, Business cycles, Human capital

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