Knife-edge conditions in the modeling of long-run growth regularities
نویسندگان
چکیده
منابع مشابه
Knife-edge conditions in the modeling of long-run growth regularities∗
Balanced (exponential) growth cannot be generalized to a concept which would not require knife-edge conditions to be imposed on dynamic models. Already the assumption that a solution to a dynamical system (i.e. time path of an economy) satisfies a given functional regularity imposes at least one knife-edge assumption on the considered model. In particular, regular (quasi-arithmetic) growth requ...
متن کاملthe effect of taftan pozzolan on the compressive strength of concrete in the environmental conditions of oman sea (chabahar port)
cement is an essential ingredient in the concrete buildings. for production of cement considerable amount of fossil fuel and electrical energy is consumed. on the other hand for generating one tone of portland cement, nearly one ton of carbon dioxide is released. it shows that 7 percent of the total released carbon dioxide in the world relates to the cement industry. considering ecological issu...
Long-Run Growth of IRAN's Economy from the Lens of Export-Led Growth Model (Application of the Time-Varing Approach)
In 1979, Tirlwall introduced a model called the Balance of Payments Equilibrium (BOPE) model, stating that demand growth could be curbed by the balance of payments deficit, thus limiting further economic growth. The important point in examining the Tirlwall law is the important role of oil exports in providing foreign exchange resources and the important role of these resources in the balance o...
متن کاملThe Constrainedness Knife-Edge
A general rule of thumb is to tackle the hardest part of a search problem first. Many heuristics therefore try to branch on the most constrained variable. To test their effectiveness at this, we measure the constrainedness of a problem during search. We run experiments in several different domains, using both random and non-random problems. In each case, we observe a constrainedness "knlfe-edge...
متن کاملGrowth and Fertility in the Long Run
This paper develops a theory that accounts for three stylized facts concerning growth and fertility in the long run. First, economies start in a “Malthusian Regime” with stagnant living standards and high fertility. Second, ultimately a “Growth Regime” is reached in which per capita income grows at near-constant rates, and fertility is low. Third, the speed and timing of the fertility decline d...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2010
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2010.05.002