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Out of Equilibrium$
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Mario Amendola and Jean-Luc Gaffard

Print publication date: 1998

Print ISBN-13: 9780198293804

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198293801.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 29 November 2020

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Chapter:
(p.106) 5 Change
Source:
Out of Equilibrium
Author(s):

Mario Amendola (Contributor Webpage)

Jean‐Luc Gaffard

Publisher:
Oxford University Press
DOI:10.1093/0198293801.003.0006

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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