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Více informací o knize Efficient Economic Growth

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• Anotace
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Anotace knihy

The book is about the well-known problem that a perfectly§competitive economy, even if endowed with perfect foresight,§can grow in an efficient manner. The causes of this strange§inefficiency are analyzed, and sufficientconditions for§efficient economic growth are discussed. The most important§contribution is the elaboration of a rather well-known, yet§unproved, hypothesis which says that the existence of a§nonproducible productive asset, like land, prevents dynamic§inefficiency. This is shown to hold outside steady state§growth paths. Applications of the theoretical concepts and§results are straightforward and are discussed in detail. The§applications include the efficient use of exhaustible§resources over time, the possibility of "bubbles" in§financial markets, the theory of interest rates, and§questions concerning optimal social security.

Parametry knihy

Zařazení knihy Knihy v angličtině Economics, finance, business & management Economics

• Plný název: Efficient Economic Growth
• Autor: Stefan Homburg
• Jazyk: Angličtina
• Vazba: Brožovaná
• Počet stran: 107
• EAN: 9783642634789
• ISBN: 3642634788
• ID: 02004869
• Nakladatelství: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Hmotnost: 195 g
• Rozměry: 235 × 155 × 7 mm
• Datum vydání: 27. September 2012

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