Current Search: info:fedora/islandora:sp_large_image_cmodel (x) » Department of Economics (x) » United States--Economic conditions--1918-1945 (x)
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Title
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MONEY AND GROWTH IN THE U.S. ECONOMY, 1929-1966.
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Creator
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TRETIAK, RICHARD V., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
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Abstract/Description
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A neoclassical monetary growth model was estimated using U.S. annual data 1929-66. A survey of neoclassical growth theory was presented. The effects and implications of incorporating money into the neoclassical framework were investigated. Solow's monetary neoclassical growth model was simulated with the parameters estimated~ The effects of different growth rates of the nominal money stock, and expected inflation adjustment coefficient on the level of capital intensity and the stability of...
Show moreA neoclassical monetary growth model was estimated using U.S. annual data 1929-66. A survey of neoclassical growth theory was presented. The effects and implications of incorporating money into the neoclassical framework were investigated. Solow's monetary neoclassical growth model was simulated with the parameters estimated~ The effects of different growth rates of the nominal money stock, and expected inflation adjustment coefficient on the level of capital intensity and the stability of the model were compared and analyzed.
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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/13688
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Subject Headings
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United States--Economic conditions--1918-1945, United States--Economic conditions--1945-
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Format
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Document (PDF)
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Title
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AN EMPIRICAL ONE-SECTOR GROWTH MODEL OF THE UNITED STATES ECONOMY, 1929-1966.
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Creator
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JACKSON, GARY LEE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
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Abstract/Description
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A one-sector Neo-Classical growth model of the U.S. economy was estimated by ordinary least squares using annual data. The evolution of growth theory from Harrod's model (1939) through the Solow model (1956) was traced. A Cobb-Douglas production with constant returns to scale and disembodied technical change formed the core of the model. Alternative equilibrium capital-labor ratios were derived using computer simulation for ten different selections of the model's parameters. The "golden age"...
Show moreA one-sector Neo-Classical growth model of the U.S. economy was estimated by ordinary least squares using annual data. The evolution of growth theory from Harrod's model (1939) through the Solow model (1956) was traced. A Cobb-Douglas production with constant returns to scale and disembodied technical change formed the core of the model. Alternative equilibrium capital-labor ratios were derived using computer simulation for ten different selections of the model's parameters. The "golden age" paths were then simulated for a period of two hundred years.
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Date Issued
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1972
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PURL
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http://purl.flvc.org/fcla/dt/13506
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Subject Headings
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United States--Economic conditions--1918-1945, United States--Economic conditions--1945-
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Format
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Document (PDF)