Cycles, Growth and Structural Change

by Punzo; Lionello F.

• ISBN13: 9780415251372
• ISBN10: 0415251370
• Format: Hardcover
• Copyright: 2001-07-27
• Publisher: Routledge

Summary

This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth, and structural change.

Table of Contents

List of figures	vii
List of tables	ix
List of contributors	xi
Preface	xv
PART I Facts and interpretations of growth and fluctuations	1	(92)
Economic cycles since 1870	3	(24)
Solomos Solomou
Growth and fluctuations: the post-war Japanese experience	27	(20)
Hiroshi Yoshikawa
Productivity---investment fluctuations and structural change	47	(46)
Bernhard Bohm
Lionello F. Punzo
PART II The macroeconomy and its dynamics	93	(108)
Qualitative dynamics and macroeconomic evolution in the very long run	95	(20)
Richard H. Day
Oleg V. Pavlov
Out-of-equilibrium dynamics	115	(13)
Mario Amendola
Jean-Luc Gaffard
Disequilibrium growth in monetary economies: basic components and the KMG working model	128	(41)
Peter Flaschel
Schumpeterian dynamics: a disequilibrium theory of long run profits	169	(32)
Katsuhito Iwai
PART III Dynamics by interaction	201	(80)
Asymmetrical cycles and equilibrium selection in finitary evolutionary economic models	203	(16)
Masanao Aoki
The instability of markets	219	(10)
Tad Hogg
Bernardo A. Huberman
Michael Youssefmir
Heterogeneity, aggregation and capital market imperfection	229	(37)
Domenico Delli Gatti
Mauro Gallegati
Toward the microeconomics of innovation: growth engine of market economies	266	(15)
William J. Baumol
PART IV Challenges for quantitative methodologies	281	(86)
Business cycle research: methods and problems	283	(18)
Edward C. Prescott
Complexity-based methods in cycles and growth: any potential value-added?	301	(38)
William A. Brock
Information, complexity and the MDL principle	339	(12)
Jorma Rissanen
The `exogenous' in `endogenous' growth theory	351	(16)
Frank Hahn
Index	367