The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

A Theory of Economic Growth

Dynamics and Policy in Overlapping Generations

A Theory of Economic Growth by David de la Croix
Buy this eBook
US$ 38.00 US$ 33.99
(If any tax is payable it will be calculated and shown at checkout.)
Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers.
Cambridge University Press; October 2002
398 pages; ISBN 9780511028915
Read online, or download in secure PDF format
Title: A Theory of Economic Growth
Author: David de la Croix; Philippe Michel
 
ISBNs
0511028911
9780511028915
9780521806428