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Topic: Exogenous growth model

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	Exogenous growth model - Wikipedia, the free encyclopedia
		Exogenous growth model, also known as the Neo-classical model or Solow growth model is a term used to sum up the contributions of various authors to a model of long-run economic growth within the framework of neoclassical economics.
		The rate of growth as the economy converges on the steady state is determined by the rate of capital accumulation.
		Hence, the 1.5% per-annum growth during this period (in output-per-capita) was due almost entirely to capital accumulation, based on the assumptions of the Solow growth model.
	en.wikipedia.org /wiki/Exogenous_growth_model (2846 words)

	Malthusian growth model - Wikipedia, the free encyclopedia
		The Malthusian growth model, sometimes called the simple exponential growth model, is essentially exponential growth based on a constant rate of compound interest.
		As noted by Professor Peter Turchin (Does population ecology have general laws?, 2001 and Complex Population Dynamics, 2003), this model is often referred to as The Exponential Law and is widely regarded in the field of population ecology as the first principle of population dynamics, with Malthus as the founder.
		The Malthusian growth model is the direct ancestor of the logistic function.
	en.wikipedia.org /wiki/Malthusian_growth_model (613 words)

	Economic growth Article, Economicgrowth Information (Site not responding. Last check: 2007-10-22)
		The long-run path of economic growth is one of the central questions of economics ; despite the caveats given above, an increase in GDP of a country is generally taken as an increase inthe standard of living of its inhabitants.
		The neo-classical growth model, often calledthe Solow growth model, was the first attempt to analytically modellong-run growth.
		Concernsabout possible negative effects of growth on the environment and society lead some to advocate lower levels of growth, from whichcomes the idea of uneconomic growth, and Green parties which argue that economies are part of a global society and aglobal ecology and cannot outstrip their natural growth without damaging them.
	www.anoca.org /gdp/increase/economic_growth.html (1231 words)

	Encyclopedia :: encyclopedia : Cell growth (Site not responding. Last check: 2007-10-22)
		The term cell growth is used in two different ways in biology.
		When used in the context of reproduction of living cells the phrase "cell growth" is shorthand for the idea of "growth in cell numbers by means of cell reproduction." During cell reproduction one cell (the "parental" cell) divides to produce daughter cells.
		Increases in the size of plant cells is complicated by the fact that almost all plant cells are inside of a solid cell wall.
	www.hallencyclopedia.com /Cell_growth (1666 words)

	Economic development - Facts, Information, and Encyclopedia Reference article
		The exogenous growth model (or neoclassical growth model) of Robert Solow and others places emphasis on the role of technological change.
		The sources-of-growth measurement obtained from this model highlights the relative importance of capital accumulation (as in the Harrod-Domar model) and technological change (as in the Neoclassical model) in economic growth.
		The Harris-Todaro (H-T) model of rural-urban migration is usually studied in the context of employment and unemployment in developing countries.
	www.startsurfing.com /encyclopedia/e/c/o/Economic_development.html (1114 words)

	Growth, welfare costs and aggregate fluctuations in economies with monetary taxation
		In models with no growth (Cooley and Hansen, 1989), inflation reduces labor effort through its effect on the return to working because part of the labor income has to be carried over,as cash balances, into the next period’s cashgood trade.
		Within the first type of models, the welfare cost of a 10% inflation rate was calculated in 0.4% of income; within the second, Gomme (1993) computes a welfare cost of less than 0.03% of income for a 8.5% inflation rate.
		Welfare and growth effects of inflation are studied in an exogenous growth model, and endogenous growth model with human capital accumulation.
	www.banrep.gov.co /docum/borrasem/intro036.htm (879 words)

	The Quest Continues - Finance & Development, March 2006
		While the contribution of the new growth models to the internal logic of the economics discipline has been lasting, the bloom came off the rose of the explicit use of new growth models for policy purposes in developing countries relatively quickly.
		The new growth literature focused on the very long run and on incentives for expanding the technological frontier—not particularly useful for most developing countries, whose primary interest was in restoring short- to medium-term growth and accelerating technological catchup by adopting known innovations.
		Growth theory can be viewed as the attempt to formalize the equations of motion of aggregate output, and growth empirics can be viewed as the related effort to estimate these equations of motion, including the "impulse response functions" showing how output responds to various shocks (for example, policy, institutions, geography, prices, and technical change).
	www.imf.org /external/pubs/ft/fandd/2006/03/pritchet.htm (3200 words)

	Aggregate fluctuations in a monetary two-sector endogenous growth model. \| Government from AllBusiness.com (Site not responding. Last check: 2007-10-22)
		In addition, an exogenous growth model with a similar human capital investment specification is included in the analysis to compare the business cycle properties of the endogenous growth model with that of the exogenous growth model.
		The endogenous and exogenous growth models are nested in the paper as in Lucas [1988].
		In the exogenous growth model, human capital accumulation cannot serve as an engine of growth and the growth rate of the economy is determined by an exogenous technology term.
	www.allbusiness.com /government/675700-1.html (665 words)

	Does better nutrition enhance economic growth? The economic cost of hunger - Xiaojun Wang and Kiyoshi Taniguchi
		Although this model is capable of generating long-run growth from even a transitory improvement of nutritional status, it lacks short-run dynamics.
		Although we cannot identify what fraction of the growth increment is due to long-run effects and what fraction to short-run effects, it is still empirically very important to evaluate the impact of nutritional status on growth in various time frames.
		The AK model is the simplest endogenous growth model, and is sufficient to produce basic results.
	www.fao.org /DOCREP/006/Y4850E/y4850e04.htm (6793 words)

	AREC - Department Overview
		We look at endogenous growth models where the general objective is to maximize long run social welfare subject to the dynamics in capital accumulation over time.
		In the models that we will study, the equilibrium growth is achieved when the consumption growth rate and capital growth rate remains the same in the long run.
		Results from this model show that it structural change (or the reduction in growth in the primary sector) is necessary for long run economic growth to be both feasible and environmentally sustainable.
	www.arec.umd.edu /AREC845/arec845-sumlec-spring05.htm (6022 words)

	[No title]
		We develop a neo-classical growth model to explore the consequence of these characteristics for the response of an economy to the kinds of shocks that are widely recognised to have been of importance in driving the Irish boom.
		Our modelling of this is influenced by the work of Miller, Skidelsky and Weller (1990), which was, interestingly, one of the first papers in the literature on “expansionary fiscal contraction”, a phenomenon that has been much discussed in the Irish literature.
		We thus model fiscal consolidation as a reduction in the risk premium on investments in Ireland. Other shocks which also increase the inflow of capital for a given interest rate include the advent of the Single European Market and the substantial increase in EU regional aid flows from 1989 onwards.
	www.ucd.ie /economics/staff/pneary/bmw/barry.doc (1256 words)

	Summary of chapter 3 (Site not responding. Last check: 2007-10-22)
		These linkages are explicit in the theory of endogenous growth (hence the name) and implicit in the theory of exogenous growth.
		The main reason for this is the power of compound growth as well as the decoupling of efficiency from the saving rate in the endogenous-growth model.
		When economic growth is endogenous, an increase in the quantity of capital through saving and investment does not reduce its quality, as it does automatically in the exogenous-growth model.
	www.hi.is /~gylfason/ch3sum.htm (356 words)

	Larry E. Jones Research (Site not responding. Last check: 2007-10-22)
		Of particular interest are the new results on the relationship between volatility and mean growth in continuous time models of endogenous growth and a simple model of endogenous Innovation in the spirt of the recent work by Boldrin and Levine.
		Growth can be generated with this structure either through intergenerational externalities (this puts us back in the world in EGFP1), convex two sector models, external effects or programs of redistribution from old consumers to young ones.
		We study an explicitly dynamic model in which voters must choose the extent to which pollution is controlled, understanding the equilibrium effects of the regulations that they adopt.
	www.econ.umn.edu /~lej/lejresearch.html (3808 words)

	The Solow-Swan Growth Model
		In the Harrod-Domar growth model, steady-state growth was unstable.
		In fact, they proposed a growth model where the capital-output ratio, v, was precisely the adjusting variable that would lead a system back to its steady-state growth path, i.e.
		James Tobin (1955) introduced a growth model similar to Solow-Swan which also included money (and thus a predecessor of the monetary growth theory).
	cepa.newschool.edu /het/essays/growth/neoclass/solowgr.htm (1351 words)

	- The Solow Growth Model with one Endogenous Growth Model
		primary model of exogenous growth, the Solow model, and ArrowÂ’s
		The Solow model, or Neoclassical growth model as it is sometimes
		known, is an example of exogenous growth models.
	www.123helpme.com /view.asp?id=97980 (1432 words)

	Glossary of research economics
		The ARCH econometric model for this (introduced by Engle (1982)) is that the variance of the series itself is an AR (autoregressive) time series, often a linear one.
		The CAPM is one, distinguished from three that Fama (1991) identifies: (a) the Sharpe-Lintner-Black class of models, (b) the multifactor models like the APT of Ross (1976), and (c) the consumption based models such as Lucas (1978).
		The estimation of some parameters of a model, under the assumption that the model is correct, as a middle step in the study of other parameters.
	www.econterms.com /econtent.html (14590 words)

	Endogenous vs. Exogenous Growth (Site not responding. Last check: 2007-10-22)
		In the context of a debate between exogenous and endogenous growth theory, these are essentially the same question.
		One could consider an endogenous growth model as the linear approximation to the nonlinear transition path of a Solow type model, and predict that the linear approximation is preferred by economists who can;t do numerical simulations.
		Alternatively, one could consider Solow-type models with exogenous technical change as an approximation to endogenous growth models, preferred by economists who don't want to bother with trivial matters like the engine of long-run growth.
	www.fiu.edu /~thompsop/macro2/growth/Endogenous_Versus.html (247 words)

	Barcelona Economics - Working Papers
		In the framework of a one-sector exogenous growth model we show that consumption externalities are not a source of equilibrium indeterminacy when the labor supply is inelastic, whereas they are under endogenous labor supply.
		In contrast, when the marginal rate of substitution is not constant, the equilibrium may exhibit indeterminacy even if the previous two conditions are not met.
		We also show that these results do not apply to an endogenous growth model, where indeterminacy may arise only when condition (ii) is met.
	www.barcelonaeconomics.org /onepaper.php?id=154 (151 words)

	[No title] (Site not responding. Last check: 2007-10-22)
		Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book.
		(a) Barro and Sala-i-Martin suggest a slight modification of the standard neoclassical (exogenous) growth model which can produce both endogenous growth and nicely-behaved transitional dynamics.
		(b) Assess the success of recent attempts to demonstrate the importance of human capital to the growth process.
	www.warwick.ac.uk /Rachel.Parkins/exams/econ/Other/9470.doc (289 words)

	Convergence Clubs and Subsistence Economies
		The model incorporates the assumption of subsistence consumption into the neoclassical exogenous growth model- yielding outcomes that are consistent with the convergence-divergence empirical evidence.
		The model predicts that the poorer the country, the lower its saving rate, a result that also appears to be borne out by the evidence provided here.
		If you experience problems downloading a file, check if you have the proper application to view it first.
	ideas.repec.org /p/nbr/nberwo/6267.html (841 words)

	Econ 562
		The Dynamics of the Turkish model will be extended to cover a public sector and government taxation behavior.
		Diao, Xinshen and Erinc Yeldan (1997) “On the Construction of An Intertemporal World Model of Growth, Accumulation and Trade: Transitional Dynamics, Calibration Strategy and Simulation Analysis” METU Studies in Development, forthcoming.
		Study the proposition of Ricardian Equivalence held by Barro in the framework of this model.
	www.bilkent.edu.tr /~yeldane/Ec562syl.html (2210 words)

	investments
		HSBC launched ‘Managing for Growth’ at the end of 2003 it is a strategic plan that provides a blueprint for growth and development.
		The first approaches to development economics assumed that the economies of the less developed countries (LDCs), were so different from the developed countries that basic economics could not explain the behavior of LDC economies.
		Such approaches produced some interesting and even elegant economic models, but these models failed to explain the patterns of no growth, slow growt...
	www.experiencefestival.com /investments (804 words)

	Stochastic Growth
		This paper analyzes the consequences of introducing stochastic technological progress and stochastic labor input into a Solow-Swan exogenous growth model and an 'AK' endogenous growth model with general savings and production functions.
		To our knowledge, this item is not available for download.
		"Stochastic Growth in Schumpeterian Dynamics," University of California Santa Barbara - Department of Economics 2-99, California Santa Barbara - Department of Economics.
	ideas.repec.org /p/cam/camdae/9615.html (270 words)

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