New publication: Dujava, Daniel. Neoclassical and keynesian view on a growth of Economy of SR

DUJAVA, Daniel. Neoclassical and keynesian view on a growth of Economy of SR In: Economic Analysis & Policy Group. Working Paper Series, 2010, WP No. 1, 74 p. ISSN 1338-2632.

In the study we focus on theoretical and practical aspects of neoclassical models of economic growth, i.e. Sollow-Swan model and Ramsey-Cass-Koopmans model and keynesian Kaldor model. We explain theory of Sollow-Swan model and calibrate parameters of the model according to the economy of Slovak Republic. We compare Sollow-Swan model to Kaldor model and estimate main functions of Kaldor model for the economy of SR. We explain means of making propensity to save endogenous in Ramsey-Cass-Koopmans model and we examine whether endogenous propensity to save is useful in describing economy of SR.