Multisector Growth Models

1. Front Matter

   Pages i-xi

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2. Introduction: Orientation and Focus

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 1-7

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3. The Preliminaries

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 9-43

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4. The Two Sector Ramsey Model

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 45-77

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5. The Three-Sector Ramsey Model

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 79-112

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6. Extensions to the Three-Sector Model

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 113-157

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7. The Extended Three-Sector Model

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 159-197

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8. A Three-Sector – Two-Country World

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 199-238

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9. Data Issues and the Social Accounting Matrix

   • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

   Pages 239-281

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10. Solution Methods in Transition Dynamics

    • Terry L. Roe, D. Şirin Saracoğlu, Rodney B.W. Smith

    Pages 283-303

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11. Back Matter

    Pages 1-24

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The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.

• Growth Theory
• Heckscher-Olin-Samuelson model
• Macroeconomic modeling
• Mathematica
• Policy analysis
• Ramsey model
• growth
• growth model

From the reviews:

“The central issue of the book is transition from theoretical description of an economy to real-life applications of the theory. … The book could serve as a textbook for advanced undergraduate students or graduate students (e.g. in an Applied General Equilibrium course) or as a companion book for any person willing to apply the theory to real-life problems.”­­­ (Piotr Mackowiak, Zentralblatt MATH, Vol. 1198, 2010)

• Dept. Applied Economics, University of Minnesota, St. Paul, U.S.A.

  Terry L. Roe, Rodney B. W. Smith

• (METU), Middle East Technical University, Ankara, Turkey

  D. Sirin Saracoglu

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