The endogenous development process of economic growth theory models

Author: Zuo Dapeng
Publisher:
Publish Date: 2007-01-01
Features: The theme of this book is presented in the historical order of the development of economic growth theory and its models, sequentially explaining the historical process of the modelization and endogenization of economic growth theory models. Currently, there are already several works internationally and domestically that discuss the history of economic growth theory or systematically introduce mathematical models of economic growth. What distinguishes this book from these works is primarily that its discussion revolves around the main pathways of research progress in modern economic growth theory models, explaining how modern modelized economic growth theory continuously endogenizes exogenous variables in existing models with new models, i.e., how mathematical models originally treated as exogenously given parameters are gradually endogenized step by step. By extending mathematical models, it demonstrates how these originally exogenously given parameters are endogenously determined by the models.
By illustrating how the endogenization of the capital-labor ratio transforms the Harrod-Domar model into the neoclassical growth model, how the endogenization of the savings rate further extends the neoclassical growth model, and how the endogenization of productivity (determined by technological level and human capital) and population changes leads to the birth of "new" growth theory and endogenous growth theory, this book highlights the main ideological threads and processes in the development of mathematical modelization in economic growth theory.
Another feature of this book is that, in addition to discussing the theme of endogenization, it also explains the role of economic growth theory in mainstream economics and the main objectives of mainstream economics in studying economic growth theory. These discussions inevitably involve the research objects and purposes of mainstream economics, providing readers with a comprehensive understanding of mainstream economics' ideas on economic growth. The unique approach of this book helps people grasp the mathematical model analysis of economic growth more systematically and recognize the development process of economic growth theory models more clearly.