Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic … research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory … importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been …

provides surveys of significant results of the theory of optimal growth, as well as the techniques of dynamic optimization … theory on which they are based. Armed with the results and methods of this theory, a researcher will be in an advantageous …"The problem of efficient or optimal allocation of resources is a fundamental concern of economic analysis. The theory …

This book provides a reader with a practical foundation in general equilibrium theory, embeds the theory in a multi …-sector dynamic framework, discusses how to practically link the theory to real economic data, and provides clear instructions on how … book pulls it all together in a conceptually sound, yet practical, manner, and brings the theory to life. A unique feature …

policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to …

Progress -- 4 Economic Growth and Public Debt in the World Economy -- 5 "New" Growth Theory and Knowledge Externalities in … rich countries and policies to mitigate climate change are explored . The first part starts from the “old” growth theory … and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an …