The Elements and Dynamic Systems of Economic Growth and Trade Models: Economic Theory and Axiomatic Analysis of Expanding Economies in Historical Pers

by Bjarne S. Jensen

This updated and expanded book examines the fundamentals of economic growth models as expressed by dynamic systems of nonlinear differential equations. With homogeneous dynamic systems as the unifying mathematical framework, the time paths and long-run stability properties of the solutions to classical, neoclassical, and modern macroeconomic growth models are analyzed. The general structure and solutions of two-sector and multi-sector growth models...

• Format: Hardcover
• Language: English
• ISBN: 3031524926
• ISBN13: 9783031524929
• Release Date: January 2025
• Publisher: Palgrave MacMillan
• Length: 1482 Pages