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Sunday, August 16, 2020 | History

2 edition of two-sector model of general equilibrium. found in the catalog.

two-sector model of general equilibrium.

Johnson, Harry G.

two-sector model of general equilibrium.

by Johnson, Harry G.

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  • 19 Currently reading

Published by Allen & Unwin in London .
Written in English

    Subjects:
  • Economics -- Mathematical models

  • Edition Notes

    SeriesYrjö Jahnsson lectures
    Classifications
    LC ClassificationsHB74 M3 J575 1971
    The Physical Object
    Pagination118p.
    Number of Pages118
    ID Numbers
    Open LibraryOL18189072M

    Macroeconomic Theory: A Dynamic General Equilibrium Approach Mike Wickens University of York departs from the saddlepath it is unable to return to equilibrium and will instead either explode Consider the following two-sector endogenous growth model of File Size: KB.   General equilibrium theory, or Walrasian general equilibrium, attempts to explain the functioning of economic markets as a whole, rather than as individual phenomena. The theory was developed by.

    theory’ (Basmann, ) to the observational premises aforementioned. In particular we do this within the confines of the two-sector model of general equilibrium a la classic HOSS theory while following (Ohta, ). We show in particular that if output in the capital-intensive goods.   Andreu Mas-Colell has been doing pioneering work using differential topology in the analysis of general equilibrium. This work is regarded as outstanding and one of the major contributions to the development of rigorous economic theory in the last twenty years/5(5).

    General equilibrium theory tries to ascertain whether independent action by each decision-maker leads to a position in which equilibrium is attained by all. A general equilibrium is defined as a state in which all markets and all decision-making units are simultaneously in equilibrium. The two-sector model of general equilibrium by Johnson, Harry G. 4 editions - first published in


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Two-sector model of general equilibrium by Johnson, Harry G. Download PDF EPUB FB2

The book is rounded out with three appendixes: the basic mathematics of the one-sector growth model, the standard against which the analysis of the two-sector model is mainly constructed; an analysis of the distributional effects of excise taxation; and an extension of the analysis to the general equilibrium consequences of the existence of public by: The Two-Sector General Equilibrium Model: A New Approach by Caroline L.

Dinwiddy (Author)Cited by: The book is rounded out with three appendixes: the basic mathematics of the one-sector growth model, the standard against which the analysis of the two-sector model is mainly constructed; an analysis of the distributional effects of excise taxation; and an extension of the analysis to the general equilibrium consequences of the existence of public goods.

The book is rounded out with three appendixes: the basic mathematics of the one-sector growth model, the standard against which the analysis of the two-sector model is mainly constructed; an analysis of the distributional effects of excise taxation; and an extension of the analysis to the general equilibrium consequences of the existence of public goods.5/5(1).

The two-sector model of general equilibrium Harry Gordon Johnson Snippet view - The book is rounded out with three appendixes: the basic mathematics of the one-sector growth model, the standard against which the analysis of the two-sector model is mainly constructed; an analysis of the distributional effects of excise taxation; and an extension of the analysis to the general equilibrium consequences of the existence of public : Harry G.

Johnson. He then applies the model to the two-sector model of economic growth, and includes very useful appendices on the mathematics of the one-sector model, general equilibrium analyses of excise taxes, and general equilibrium with public goods. This chapter provides a simple and systematic treatment of a twocommodity (two-sector), two-factor general equilibrium model of a closed economy which is widely used in several real models of trade.1 This model is the cornerstone of the Heckscher-Ohlin, the Ricardo-Samuelson-Viner, the Harris-Todaro and many other models of trade.

2 This framework Author: Bharat R. Hazari, Pasquale M. Sgro. Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory.

This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the Book Edition: 1. Most contemporary applied general equilibrium models are numerical analogs of traditional two-sector general equilibrium models popularized by James Meade, Harry Johnson, Arnold Harberger, and others in the s and s.

Earlier analytic work with these models has examined the distortionary effects of taxes, tariffs, and other policies, along withFile Size: 4MB. Two-Sector General Equilibrium Model: Numerical and Graphical Representations of an Economy -- from Wolfram Library Archive This article describes a method of obtaining a numerical solution of the two-sector general equilibrium model, an economic system having two commodities and two production factors.

This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics, the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics, in the form of the two-sector by: 9.

Additional Physical Format: Online version: Johnson, Harry G. (Harry Gordon), Two-sector model of general equilibrium. London, Allen and Unwin, Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory.

This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the.

In this paper we show that in two sector general equilibrium models with one monopolistic firm a unique equilibrium exists for our assumed economic environment. Then we study how the equilibrium responds to a change in input coefficients and endowment of : Somdeb Lahiri.

JOURNAL OF ECONOMIC THEORY 4, () Monopoly Theory in General Equilibrium and the Two-Sector Model of Economic Growth* RAVEENDRA N. BATRA Associate Professor of Economics, Department of Economics Southern Methodist University, Dallas, Texas Received Janu In the past decade, the two-sector growth model has Cited by: The two sector economy comprises of households and firms.

According to J. Keynes, the equilibrium level of national income is that situation in which aggregate demand (C+ I) is equal to aggregate supply (C + S). The aggregate demand (C+. Get this from a library. The two-sector model of general equilibrium.

[Harry G Johnson]. equilibrium output is determined by AD The supply side has no effect on income level as firms could supply any amount of output at the prevailing price level The Keynesian Model analyses the situation of an economy with fixed prices and high unemployment Y.

General equilibrium theory. Part of a series on. In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.

This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics, the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics, in the form of the two-sector model.I.

THE TWO-SECTOR MODEL OF PRODUCTION AND DISTRIBUTION 9 II. APPLICATIONS OF THE MODEL 33 in. A TWO-SECTOR MODEL OF ECONOMIC GROWTH 6o Appendices A. Mathematical notes on the one-sector model 87 B. A comment on the general equilibrium analysis of excise taxes 97 c.

A geometrical note on general equilibrium with public goods .See general information about how to correct material in RePEc. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).