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2009•RePEc: Research Papers in EconomicsRequires access

Supplemental Notes to "Demographic transition and industrial revolution: A macroeconomic investigation"

Michael H. Bar, Oksana Leukhina

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Abstract

These notes cover: Derivation of the objective function of the Dynastic Problem, Characterization of the competitive equilibrium, Sequential Problem (SP) whose solution corresponds to the competitive equilibrium allocation, Limiting behavior of the equilibrium time paths, Calibration as a solution to the system of linear equations, Solution method, Solving our model with the Barro and Becker parental utility, Effects of TFP and Labor Supply Changes on Structural Change.

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What this paper is about

These notes cover: Derivation of the objective function of the Dynastic Problem, Characterization of the competitive equilibrium, Sequential Problem (SP) whose solution corresponds to the competitive equilibrium allocation, Limiting behavior of the equilibrium time paths, Calibration as a solution to the system of linear equations, Solution method, Solving our model with the Barro and Becker parental utility, Effects of TFP and Labor Supply Changes on Structural Change.

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Available abstract

These notes cover: Derivation of the objective function of the Dynastic Problem, Characterization of the competitive equilibrium, Sequential Problem (SP) whose solution corresponds to the competitive equilibrium allocation, Limiting behavior of the equilibrium time paths, Calibration as a solution to the system of linear equations, Solution method, Solving our model with the Barro and Becker parental utility, Effects of TFP and Labor Supply Changes on Structural Change.

Key concepts: Economics, Limiting, Competitive equilibrium, Cover (algebra), Industrial Revolution, Function (biology), Characterization (materials science), Mathematical economics

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