This textbook introduces readers to essential tools, techniques and methods for intertemporal and strategic modeling in economics. It presents a variety of analytical models covering both dynamic processes and strategic interaction. Students will learn the basic mechanisms associated with the...

Chapter 1. Dynamics: Intertemporal Decision-Making -- Chapter 2. Games: Strategic Decision-Making -- Chapter 3. Economic Growth Models -- Chapter 4. More on Growth Dynamics: Endogenous Growth and Beyond -- Chapter 5. The Search and Matching Model -- Chapter 6. Fiscal Policy and Government...

We may distinguish between two concepts of technology: a theoretical level of technology (that is, a technology possibilities frontier) and a level of technology in practice (that is, ready to use in production technology). Having these two concepts in mind, the paper develops an intertemporal...

The most influential explanations of economic growth along the past five decades rely on two main items: human capital accumulation and the dissemination of knowledge/technological diffusion. These items traditionally appear as separate growth sources. In this paper an integrated perspective is...

Purpose – The purpose of this paper is to study the growth dynamics in a model where labor productivity is shaped by two forces. On one hand, it is determined by the extent in which available technology has been already explored. On the other hand, some labor skills may become obsolete,...

<p> This paper analyses the emergence of sectoral specialisation and its effects on growth rate differences providing an alternative approach to endogenous growth processes. To achieve this, we first investigate the conditions leading to sectoral specialisation as an emergent property from the...</p>