This monograph derives from familiar economic principles the dynamics of national income, the interest rate, employment, the value of capital stock, prices, and the cumulative balance of payments. This is a Volterra neutral integrodifferential game of pursuit. The quarry control is government intervention in the form of taxation, control of money supply, tariffs, foreign credit, interest equalization tax, preferential trade agreements (which reduce trade barriers and enhance trade flows between nations), transportation and distance between trading partners. The work provides conditions for controllability and then deduces how big government intervention (compared with private firms' contributions) should be to ensure the possibility of growth. The reader is assumed to be familiar with advanced calculus and to have a working knowledge of ordinary differential equations. The required theory of hereditary systems can be obtained from the book itself.
Product Identifiers
Publisher
World Scientific Publishing Co Pte Ltd
ISBN-13
9789810243814
eBay Product ID (ePID)
94593639
Product Key Features
Author
Ethelbert Nwakuche Chukwu
Publication Name
Differential Models and Neutral Systems for Controlling the Wealth of Nations
Format
Hardcover
Language
English
Subject
Economics, Mathematics
Publication Year
2001
Type
Textbook
Number of Pages
536 Pages
Dimensions
Volume
54
Additional Product Features
Title_Author
Ethelbert Nwakuche Chukwu
Series Title
Series on Advances in Mathematics for Applied Sciences