Neoclassical and Keynesian View on a Growth of Economy of SR
AbstractIn the study we focus on theoretical and practical aspects of neoclassical models of economic growth, i.e. Sollow-Swan model and Ramsey-Cass-Koopmans model and keynesian Kaldor model. We explain theory of Sollow-Swan model and calibrate parameters of the model according to economy of the Slovak Republic. We compare Sollow-Swan model to Kaldor model and estimate main functions of Kaldor model for the economy of the SR. We explain means of making propensity to save endogenous in Ramsey-Cass-Koopmans model and we examine whether endogenous propensity is useful in describing economy of SR.
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Bibliographic InfoPaper provided by Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava in its series EAPG Working Paper Series with number 001.
Length: 68 pages
Date of creation: 21 Sep 2010
Date of revision:
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Phone: +421 7 67291 111
Web page: http://nhf.euba.sk/katedry/katedra-hospodarskej-politiky
More information through EDIRC
Economic growth; Harrod-Domar model; Kaldor model; Ramsey-Cass-Koopmans model; Sollow-Swan model; technology growth;
Find related papers by JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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