Current Search: POSLUSNY, CHESTER, JR. (x)
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Title
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A TWO-SECTOR GROWTH MODEL OF THE UNITED STATES ECONOMY.
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Creator
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POSLUSNY, CHESTER, JR., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
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Abstract/Description
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This work includes a survey of the literature of growth theory with emphasis on the two-sector Neoclassical model. A two-sector model of the U. S. economy with disembodied Harrod neutral technological change is estimated and simulated. Stability and the role of price mechanism is pointed out. The results of the estimation do not seem to support the significance of the disaggregation of the data into the two sectors. A clear advantage of the model, however, lies in the efficient disequilibrium...
Show moreThis work includes a survey of the literature of growth theory with emphasis on the two-sector Neoclassical model. A two-sector model of the U. S. economy with disembodied Harrod neutral technological change is estimated and simulated. Stability and the role of price mechanism is pointed out. The results of the estimation do not seem to support the significance of the disaggregation of the data into the two sectors. A clear advantage of the model, however, lies in the efficient disequilibrium adjustment mechanism.
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Date Issued
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1974
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PURL
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http://purl.flvc.org/fcla/dt/13653
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Subject Headings
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Economics, General
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Format
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Document (PDF)
