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Franz Gehrels

    Aussenwirtschaftstheorie
    Optimal growth of an open economy
    Optimal growth with many sectors
    • 2002

      Optimal growth with many sectors

      • 176bladzijden
      • 7 uur lezen

      The overriding force in economic growth is progress, both in general state of the arts, and in applied technology. These are qualitatively different and their optimization is explored with dynamic programming. With numerous goods and factors of production the production frontier becomes a hyperplane. Its dimensionality depends on the number and positioning of activities around the vector of factor endowments, as is shown with the simplex method. There may be market distortions of the ceiling and departures from it; policy measures are examined for the U. S. and Germany.

      Optimal growth with many sectors
    • 1985

      Außenwirtschaftstheorie - komprimiert und anspruchsvoll, aber luzide und verständlich.

      Aussenwirtschaftstheorie