Modelling economic change : the recursive programming approach /
Material type:
TextSeries: Contributions to economic analysis ; 117Publication details: Amsterdam : North-Holland Pub. Co. ; New York : sole distributors in the U.S. and Canada, American Elsevier Pub. Co., c1978.Description: x, 447 p. :illISBN: - 0444850562
- 330.01'51 DAY
- HB135 .D39
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
Monograph & others
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CBN HQ Library General Stacks | Non-fiction | 330.01'51 DAY (Browse shelf(Opens below)) | Available | 31008100134978 |
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.
rpm 05/04/2018
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