Directory UMM :Data Elmu:jurnal:S:Structural Change and Economic Dynamics:Vol11.Issue1-2.Jul2000:
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In a constant-returns-to-scale production system in which each commodity is produced by primary factors alone and is subject to Hicks-neutral technical progress (HNTP), the
in the relative weights of significant components of systems (Ishikawa, 1987; Pasinetti and Scazzieri, 1987). All rights reserved.. Smith gives two different kinds of illustrations
To illustrate such a wave matrix, the system was implemented with the data used to compute equilibrium quantities and growth rate for the United States in Brody (1966).. Appendix
Although Albin demonstrates that appropriate qualitative taxonomies of complex systems (like distinguishing among those with stable equilibria, limit cycles, and strange
2. Responses to balanced stimuli. There are systems that are complex enough to react constructively to general top-down stimuli. In these cases, a pattern of structural evolution
Collected for companies respon- sible for over 80 per cent of world exploration spending, their studies show an increase in proportion of world exploration going to Asia, Africa,
It may not be idle therefore to enquire how the relative values of the two major sectors of an economy, those shadow prices constructed by economists to mimic a ‘rational’ price
The cornerstone of that framework is the zero - bequest sa 6 ing function which represents the aggregate cross-sectional saving rate that satisfies the zero-bequest
