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CHAPTER 4: The Structure of Simple General Equilibrium Models
Originally published in Journal of Political Economy, 73, (1965), pp. 557–572.
I am indebted to the National Science Foundation for support of this research in 1962–1964. I have benefited from discussions with Hugh Rose, Robert Fogel, Rudolph Penner, and Emmanuel Drandakis. My greatest debt is to Akihiro Amano (1963), whose dissertation was a stimulus to my own work.
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Abstract:
The following sections are included:
Introduction
The Model
The Equations of Change
The Magnification Effect
The Extended Model: Demand Endogenous
The Aggregate Elasticity of Substitution
Convergence to Balanced Growth
Savings Behavior
The Analysis of Technological Change
References
