After having illustrated in Chap. 13 the Harrod’s model and a chaotic specification of it, in this Chapter we are going to prove that (1) real data could be obtained by a suitable calibration of model’s parameters, (2) the calibrated model confirms theoretical predictions (Orlando and Della Rossa, Mathematics 7(6):524, 2019).

An Empirical Test of Harrod’s Model

Rossa, Fabio Della
2021-01-01

Abstract

After having illustrated in Chap. 13 the Harrod’s model and a chaotic specification of it, in this Chapter we are going to prove that (1) real data could be obtained by a suitable calibration of model’s parameters, (2) the calibrated model confirms theoretical predictions (Orlando and Della Rossa, Mathematics 7(6):524, 2019).
2021
Nonlinearities in Economics An Interdisciplinary Approach to Economic Dynamics, Growth and Cycles
978-3-030-70981-5
978-3-030-70982-2
File in questo prodotto:
File Dimensione Formato  
2022 - Nonlinearities in economics - AnEmpiricalTestOnTheHarrodModel.pdf

accesso aperto

: Publisher’s version
Dimensione 472.08 kB
Formato Adobe PDF
472.08 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11311/1216036
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? ND
social impact