| Preface | p. xi |
| Acknowledgement | p. xiii |
| Introduction: Orientation and Focus | p. 1 |
| Introduction | p. 1 |
| Organization of the book | p. 4 |
| The Preliminaries | p. 9 |
| Microeconomic foundations | p. 10 |
| Consumer preferences | p. 10 |
| Production technologies | p. 13 |
| The Heckscher-Ohlin-Samuelson model | p. 18 |
| The behavior of households | p. 19 |
| The price taking firm | p. 20 |
| Characterization of equilibrium | p. 21 |
| Comparative statics | p. 23 |
| Generalizing the basic model | p. 27 |
| The case where Mt = N | p. 28 |
| The case where Mt < N | p. 28 |
| Comparative statics | p. 29 |
| The special case of a home (non-traded) good | p. 30 |
| The environment | p. 31 |
| Behavior of households and firms | p. 31 |
| The characterization of equilibrium | p. 32 |
| Selected comparative statics | p. 34 |
| Appendix: determinants of home-good price | p. 40 |
| The Two Sector Ramsey Model | p. 45 |
| The model environment | p. 46 |
| Household behavior | p. 46 |
| Production | p. 52 |
| Equilibrium | p. 53 |
| Definition and characterization of equilibrium | p. 53 |
| Selected comparative statics | p. 58 |
| Growth in efficiency and number of workers | p. 61 |
| The behavior of households | p. 61 |
| Production | p. 64 |
| Equilibrium | p. 65 |
| Comparative statics | p. 66 |
| An algebraic example | p. 67 |
| A numerical example | p. 70 |
| Parameter estimation | p. 71 |
| Empirical results | p. 72 |
| Conclusion | p. 76 |
| The Three-Sector Ramsey Model | p. 79 |
| The model environment | p. 80 |
| No-arbitrage between capital and land assets | p. 81 |
| Intra-temporal behavior of the household | p. 82 |
| Firm behavior | p. 84 |
| Equilibrium | p. 86 |
| Selected comparative statics | p. 91 |
| Stone-Geary preferences | p. 93 |
| Household behavior | p. 94 |
| Equilibrium | p. 95 |
| A numerical example | p. 98 |
| Parameter estimation | p. 98 |
| Empirical results | p. 99 |
| Conclusion | p. 105 |
| Appendix: income and expenditure distribution | p. 106 |
| Distinguishing individual expenditure from that of the representative household | p. 108 |
| Distinguishing individual income from that of the representative household | p. 109 |
| Extensions to the Three-Sector Model | p. 113 |
| Intermediate inputs of production | p. 114 |
| Firms | p. 115 |
| Equilibrium with intermediate inputs of production | p. 116 |
| Comparative statics | p. 120 |
| Vertical market structures | p. 122 |
| Firms | p. 122 |
| Intra-temporal equilibrium | p. 123 |
| Inter-temp oral equilibrium | p. 126 |
| An alternative specification | p. 127 |
| Composite capital | p. 128 |
| Asset pricing and the Euler condition | p. 129 |
| Specification of composite capital | p. 131 |
| Intra-temporal equilibrium | p. 133 |
| Inter-temporal equilibrium | p. 134 |
| Discussion | p. 136 |
| Government | p. 137 |
| Government consumption and revenues | p. 138 |
| Firms | p. 140 |
| Intra-temporal equilibrium | p. 141 |
| Inter-temporal equilibrium | p. 144 |
| A numerical example | p. 146 |
| Parameter estimation | p. 146 |
| Empirical results | p. 147 |
| Multiplier effects of a technology shock | p. 152 |
| Conclusions | p. 155 |
| The Extended Three-Sector Model | p. 159 |
| The model | p. 159 |
| Households | p. 160 |
| Government | p. 164 |
| Firms | p. 165 |
| Intra-temporal equilibrium | p. 167 |
| Reducing the dimensionality of the system | p. 170 |
| Inter-temporal equilibrium | p. 173 |
| Numerical analysis | p. 174 |
| Parameter estimation | p. 175 |
| Validation | p. 176 |
| Empirical results | p. 182 |
| Trade reform | p. 188 |
| Conclusion | p. 195 |
| A Three-Sector - Two-Country World | p. 199 |
| A two-country world with capital mobility | p. 201 |
| Households and firms | p. 202 |
| Basic identities | p. 205 |
| Equilibrium | p. 206 |
| Reducing the dimensionality of the model | p. 208 |
| Inter-temporal equilibrium | p. 211 |
| A two-country world without capital mobility | p. 214 |
| Households and firms | p. 214 |
| Equilibrium | p. 215 |
| Reducing the dimensionality of the model | p. 217 |
| Inter-temporal equilibrium | p. 219 |
| Numerical examples | p. 222 |
| The capital mobility model | p. 223 |
| Model without capital mobility | p. 230 |
| Conclusions | p. 235 |
| Data Issues and the Social Accounting Matrix | p. 239 |
| Introduction | p. 239 |
| A two-sector, closed economy SAM | p. 242 |
| A non-technical description of the two-sector SAM | p. 243 |
| A more technical description of the two-sector SAM | p. 246 |
| Using the SAM to calibrate the empirical two-sector model | p. 249 |
| A three-sector, open economy SAM | p. 257 |
| Using the SAM to calibrate the empirical three-sector model | p. 262 |
| A three-sector, open economy SAM with intermediate products | p. 265 |
| Using the SAM to calibrate the empirical three-sector model with intermediate inputs | p. 265 |
| A three-sector SAM with composite capital and government | p. 270 |
| Using the SAM to calibrate the empirical three-sector model with composite capital | p. 271 |
| Conclusion | p. 278 |
| Appendix: Sector definitions | p. 279 |
| Solution Methods in Transition Dynamics | p. 283 |
| Time-elimination method | p. 283 |
| L'Hopital's rule approach | p. 288 |
| Eigenvalues-eigenvectors approach | p. 289 |
| Mathematica code | p. 296 |
| Backward integration method | p. 301 |
| References | p. 305 |
| Author Index | p. 313 |
| Subject Index | p. 315 |
| Table of Contents provided by Ingram. All Rights Reserved. |
