scholarly journals Non-Linearities and Dynamics in a Neoclassical Model of Investment

1999 ◽  
Vol 32 (2) ◽  
pp. 6212-6217
Author(s):  
Ric D. Herbert ◽  
Peter J. Stemp
Keyword(s):  
Neoclassical Model

Norman Uphoff, Milton J. Esman and Anirudh Krishna. Reasons for Success: Learning from Instructive Experiences in Rural Development. New Delhi: Sage Publications, 1998. Paperback. Indian Rs 250.00. 233 pages.

1998 ◽  
Vol 37 (3) ◽  
pp. 305-307
Author(s):  
Afia Malik
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Rural Development ◽  
Natural Resources ◽  
New Delhi ◽  
Rural Poor ◽  
Neoclassical Model ◽  
Rural People ◽  
Small Holders

Given the demographic realities in the developing world, it is not possible to solve the problems of poverty in these countries following the neoclassical model of economic growth. Since the majority of people are ruralites in these countries, the focus should be on rural development directly rather than on waiting for the benefits to trickle down to the rural poor. What is needed is to improve the quality of life and productivity of the small-holders or landless whose livelihood is based on natural resources which are depleting and require urgent attention. More options should be available for the rural people in their own area.

scholarly journals Involuntary Unemployment in a Neoclassical Model

2020 ◽  
Vol 65 (2) ◽  
pp. 12-28
Author(s):  
Yasuhito Tanaka
Keyword(s):  
Wage Rate ◽  
Utility Maximization ◽  
Overlapping Generations ◽  
Monopolistic Competition ◽  
Returns To Scale ◽  
Profit Maximization ◽  
Nominal Wage ◽  
Olg Model ◽  
Neoclassical Model ◽  
Involuntary Unemployment

AbstractWe show the existence of involuntary unemployment without assuming wage rigidity using a neoclassical model of consumption and production. We consider a case of indivisible labor supply and increasing returns to scale under monopolistic competition. We derive involuntary unemployment by considering utility maximization of consumers and profit maximization of firms in an overlapping generations (OLG) model with two or three generations. In a two-periods OLG model it is possible that a reduction of the nominal wage rate reduces unemployment. However, if we consider a three-periods OLG model including a childhood period, a reduction of the nominal wage rate does not necessarily reduce unemployment.

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