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Supplemental Notes to "Demographic transition and industrial revolution: A macroeconomic investigation"

  • Michael Bar

    (San Francisco State University)

  • Oksana Leukhina

    (University of Carolina, Chapel Hill)

These notes cover: Derivation of the objective function of the Dynastic Problem, Characterization of the competitive equilibrium, Sequential Problem (SP) whose solution corresponds to the competitive equilibrium allocation, Limiting behavior of the equilibrium time paths, Calibration as a solution to the system of linear equations, Solution method, Solving our model with the Barro and Becker parental utility, Effects of TFP and Labor Supply Changes on Structural Change.

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Paper provided by Review of Economic Dynamics in its series Technical Appendices with number 08-85.

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Date of creation: Feb 2009
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Handle: RePEc:red:append:08-85
Note: The original article was published in the Review of Economic Dynamics
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