The Structuralist Growth Model
نویسنده
چکیده
This paper examines the underlying theory of structuralist growth models in an effort to compare that framework with the standard approach of Solow and others. Both the standard and structuralist models are solved in a common mathematical framework that emphasizes their similarities. It is seen that while the standard model requires the growth rate of the labor force to be taken as exogenously determined, the structuralist growth model must take investment growth to be determined exogenously in the long run. It is further seen that in order for the structuralist model to reliably converge to steady growth, considerable attention must be given to how agents make investment decisions. In many ways the standard model relies less on agency than does the structuralist. While the former requires a small number of plausible assumptions for steady growth to emerge, the structuralist model faces formidable challenges, especially if investment growth is thought to be determined by the rate of capacity utilization.
منابع مشابه
Metonymy Goes Cognitive-linguistic 1. from Structuralist Semantics to Cognitive Linguistics
1. From Structuralist Semantics to Cognitive Linguistics When Roman Jakobson pulled metaphor and metonymy to the center of the stage in linguistics and poetics, structuralists were trying to account for meaning by means of a componential model of clearly defined semantic elements (Jakobson, "Closing Statement"). Inspired by the success of Vladimir Propp's structuralist narratology, which attemp...
متن کاملRural Environmental Degradation, Growth, and Income Distribution in a Structuralist Two-Sector Model
The model presented in this paper distinguishes an industrial and an agricultural sector within a developing economy. Environmental degradation results from the overexploitation of a renewable resource due to a common pool externality, which causes agricultural productivity to decline. The model considers a di erentiated peasantry where land ownership and savings behaviour di er across income c...
متن کاملGrowth after Globalisation: a ‘Structuralist- Kaldorian’ game of musical chairs?
1 I am extremely grateful to Fiona Tregenna for many constructive comments on a previous draft.
متن کاملAn Essay on Late Structuralism
This paper traces the evolution of structuralist thought from the early European and Latin American structuralists through the late structuralism of Taylor and his followers. The genesis of the structuralist method is located in the writings of the early structuralists and necessarily leads to what neoclassicals call ad hoc theory. It is argued that simulation models are the logical outgrowth o...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2009