Multisector Growth Models is popular PDF and ePub book, written by Terry L. Roe in 2009-10-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Multisector Growth Models can be Read Online from any device for your convenience.
Multisector Growth Models Book PDF Summary
The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.
Detail Book of Multisector Growth Models PDF
- Author : Terry L. Roe
- Release : 03 October 2009
- Publisher : Springer Science & Business Media
- ISBN : 9780387773582
- Genre : Business & Economics
- Total Page : 333 pages
- Language : English
- PDF File Size : 12,9 Mb
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