Titlebook: Rapid Growth and Relative Decline; Modelling Macroecono Mark Setterfield Book 1997 Palgrave Macmillan, a division of Macmillan Publishers L

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The Supply Side and Macroeconomic Performance I: Technological Evolutionmics under conditions of hysteresis. Recall that our characterization of this model in equations [3.1]—[3.4] can be summarized as:.where 0 < λ.α.β. < 1. The limit result of this expression was shown to be a determinate equilibrium (equation [3.8]). However, in Chapter 3, it was suggested that this d

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The Supply Side and Macroeconomic Performance II: Institutional Evolutionm’s dynamics on the nature of institutions.. However, the common interests of this literature conceal profound methodological differences, which in turn give rise to substantially different conclusions with regard to the origins, nature and role of institutions in a capitalist economy.

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A Brief History of the British Economy since 1780 extensively debated — for example, the notion of a ‘Great Depression’ versus that of an ‘Edwardian climacteric’ in the late nineteenth century (Richardson, 1965b; Saul, 1969; Matthews ., 1982) and the role of new industries in the 1930s economic ‘recovery’ (Richardson, 1962; Dowie, 1968). Others ha

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Technological Interrelatedness and Lock-In in the British Economy, 1870–1930rom staple industries such as cotton and coal, and in traditional (that is, mid nineteenth century) techniques of production. In 1907, 46 per cent of Britain’s net industrial output was accounted for by just three industries — coal, iron and steel, and textiles (Aldcroft, 1968, p. 23).. As was noted