A Realistic Dynamic Form

Graeme Snooks

Chapter 10 in Longrun Dynamics, 2000, pp 129-140 from Palgrave Macmillan

Abstract: Abstract Orthodox economic dynamics employs a supply-side approach. This has had a characteristic impact on both the dynamic form of existing growth models and the explanation of the growth process. The contribution that might be made to this subject by a new demand-side approach has not even been contemplated. It is argued here that the dynamic form of a realistic growth model is the outcome of an interaction between strategic demand and the strategic response of supply-side variables. In this chapter I outline a realistic dynamic form for my model, and in the next I examine the concept of strategic demand and its interaction with strategic response.

Keywords: Dynamic Mechanism; Dynamic Form; Dynamic Strategy; Strategic Response; Technological Paradigm (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59939-0_10

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DOI: 10.1057/9780230599390_10

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