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UZAWALUCAS ENDOGENOUS GROWTH MODEL (Paperback / softback) (9781138357679)
- Item No : 297402565441
- Condition : Brand New
- Brand : No brand Info
- Seller : bookwanderers
- Current Bid : US $32.19
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* Item Description
- Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector capital accumulation growth model where human capital is allowed to enter a neo-classical-style production structure in multiplicative terms.
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