Note
College of Business
Member of
Contributors
Publisher
Florida Atlantic University
Date Issued
1972
Description
This study demonstrates the importance of dynamic economic analysis, the role
played by difference equations in such analysis and the properties of systems of
difference equations. This is accomplished by proving the significance of dynamics
in general and difference equations in particular using the Cobweb model and the
"correspondence principle". The properties of systems of linear, first order difference
equations are discussed in detail and it is shown that a system of any order
can be reduced to first order so that the discussion is completely general. The
properties included in this analysis ore the traverse, impact, delayed, cumulative
and long run multipliers, and stability of a linear system. A simple Keynesian
model of income determination is estimated and simulated by the computer to
facilitate observation of these properties.
played by difference equations in such analysis and the properties of systems of
difference equations. This is accomplished by proving the significance of dynamics
in general and difference equations in particular using the Cobweb model and the
"correspondence principle". The properties of systems of linear, first order difference
equations are discussed in detail and it is shown that a system of any order
can be reduced to first order so that the discussion is completely general. The
properties included in this analysis ore the traverse, impact, delayed, cumulative
and long run multipliers, and stability of a linear system. A simple Keynesian
model of income determination is estimated and simulated by the computer to
facilitate observation of these properties.
Language
Type
Form
Extent
95 p.
Subject (Topical)
Identifier
13521
Additional Information
College of Business
Thesis (M.A.)--Florida Atlantic University, 1972.
FAU Electronic Theses and Dissertations Collection
Date Backup
1972
Date Text
1972
Date Issued (EDTF)
1972
Extension
FAU
FAU
admin_unit="FAU01", ingest_id="ing1508", creator="staff:fcllz", creation_date="2007-07-19 01:12:47", modified_by="super:SPATEL", modification_date="2011-01-06 13:08:57"
IID
FADT13521
Issuance
monographic
Organizations
Attributed name: Florida Atlantic University
Attributed name: College of Business
Attributed name: Department of Economics
Person Preferred Name
WONNACOTT, LARRY RUSSELL.
Graduate College
Physical Description
95 p.
application/pdf
Title Plain
SYSTEMS OF DIFFERENCE EQUATIONS IN ECONOMIC THEORY
Use and Reproduction
Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
http://rightsstatements.org/vocab/InC/1.0/
Origin Information
1972
monographic
Boca Raton, Fla.
Florida Atlantic University
Physical Location
Florida Atlantic University Libraries
Place
Boca Raton, Fla.
Sub Location
Digital Library
Title
SYSTEMS OF DIFFERENCE EQUATIONS IN ECONOMIC THEORY
Other Title Info
SYSTEMS OF DIFFERENCE EQUATIONS IN ECONOMIC THEORY