Change
Change
This chapter deals with the most important methods of economic dynamics. Balanced growth, endogenous growth, Solow's transitional dynamics, Harrod's knife‐edge, the Traverse and the late Path‐dependence models are examined and weighted in the perspective of the analysis of economic change interpreted as a restructuring process. This allows to stress more clearly the specific features of the out‐of‐equilibrium analytical framework put forward in this book.
Keywords: Balanced growth, Dynamic methods, Out‐of‐equilibrium process, transitional dynamics, Traverse
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