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Economic Dynamics

Growth and Development

  • Book
  • © 1990

Overview

Authors:
  1. Wei-Bin Zhang

    1. Institute for Futures Studies, Stockholm, Sweden

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 350)

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Table of contents (10 chapters)

  1. Front Matter

    Pages N2-X
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  2. Introduction

    • Wei-Bin Zhang
    Pages 1-5

  3. The Economic Development Problem

    • Wei-Bin Zhang
    Pages 6-21

  4. Growth Theory Revised — From Quantitative Aspect

    • Wei-Bin Zhang
    Pages 22-46

  5. A Revision of Real and Monetary Dynamic Models

    • Wei-Bin Zhang
    Pages 47-74

  6. Prices, Growth Rates and Interest Rates in the Dynamic Context of Multisector Models

    • Wei-Bin Zhang
    Pages 75-100

  7. Growth Rate Controlled and Economic Dynamics in a Multisector Model

    • Wei-Bin Zhang
    Pages 101-122

  8. The Choice of Techniques

    • Wei-Bin Zhang
    Pages 123-142

  9. Technological Policy and Economic Development — A Neoclassical Approach

    • Wei-Bin Zhang
    Pages 143-164

  10. Technological Policy and Economic Development — Multisector Approach

    • Wei-Bin Zhang
    Pages 165-185

  11. Conclusion and Prospects for Further Research

    • Wei-Bin Zhang
    Pages 186-199

  12. Back Matter

    Pages 200-234
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Keywords

About this book

The theory of economic development is a branch of economic dynamics. Any discussion of the theory must involve dynamics even though not all dynamic problems are necessarily related to economic development. The theory's primary locus is upon the nice paths of economic variables. Stationary states, which have been the main concern of modem economic development theory, are actually special cases of economic dynamics. In this study, we propose an economic development theory within the framework of input-output systems and neoclassical economics. No political problems will be dealt with, although this does not mean that questions such as why Japan had a higher growth rate than China in the past are not important. Similarly, rather than dealing with the psychological and institutional aspects of in economic development processes we only suggest ways (or methods, as Hicks would call them) for analyzing what determines economic development from the point of view of "pure" economics. Our main contribution to economic growth theory is that we investigate various nonlinear dynamic phenomena such as bifurcations and economic cycles. We emphasize that oscillations and structural changes are not rare but universal in a progressive economy. No economic system can be stabilized forever if change is permitted.

Authors and Affiliations

  • Institute for Futures Studies, Stockholm, Sweden

    Wei-Bin Zhang

Bibliographic Information

  • Book Title: Economic Dynamics

  • Book Subtitle: Growth and Development

  • Authors: Wei-Bin Zhang

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-86480-3

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1990

  • Softcover ISBN: 978-3-540-53217-0Published: 14 November 1990

  • eBook ISBN: 978-3-642-86480-3Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: X, 232

  • Number of Illustrations: 2 b/w illustrations

  • Topics: Economics, general

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