Modelling economic change :
Day, Richard Hollis,
Modelling economic change : the recursive programming approach / - Amsterdam : New York : North-Holland Pub. Co. ; sole distributors in the U.S. and Canada, American Elsevier Pub. Co., c1978. - x, 447 p. :ill, - Contributions to economic analysis ; 117 .
Includes bibliographical references: p. [427]-442 and index
The book consists partly of theoretical discussion, written by the editors, and partly of empirical applications by a number of contributors. Theoretical issues discussed include the philosophy of recursive programming and of system simulation, the multi-phase nature of model solutions, the various types of cobweb models which this approach can generate, and temporary general equilibrium models which include many producers and consumers, and solve for the market-clearing outcomes of their behaviour. Empirical applications focus mainly on technology choice and investment in industry and agriculture (where the expectations of investors dominate model dynamics), and on aggregate processes of economic development where migration, investment, and other dynamic processes have an important role.
0444850562
Economics---Mathematical models
Recursive programming.
HB135 / .D39
330.01'51 / DAY
Modelling economic change : the recursive programming approach / - Amsterdam : New York : North-Holland Pub. Co. ; sole distributors in the U.S. and Canada, American Elsevier Pub. Co., c1978. - x, 447 p. :ill, - Contributions to economic analysis ; 117 .
Includes bibliographical references: p. [427]-442 and index
The book consists partly of theoretical discussion, written by the editors, and partly of empirical applications by a number of contributors. Theoretical issues discussed include the philosophy of recursive programming and of system simulation, the multi-phase nature of model solutions, the various types of cobweb models which this approach can generate, and temporary general equilibrium models which include many producers and consumers, and solve for the market-clearing outcomes of their behaviour. Empirical applications focus mainly on technology choice and investment in industry and agriculture (where the expectations of investors dominate model dynamics), and on aggregate processes of economic development where migration, investment, and other dynamic processes have an important role.
0444850562
Economics---Mathematical models
Recursive programming.
HB135 / .D39
330.01'51 / DAY