Growth, Volume 1: Econometric General Equilibrium Modeling Book

List of Tables
Preface
List of Sources
1 A Dual Stability Theorem
Dale W. Jorgenson
1.1 Introduction
1.2 Relative Stability
1.3 Dual Stability Theorem
1.4 Dual Instability in the Open System
2 The Development of a Dual Economy
Dale W. Jorgenson
2.1 Introduction
2.2 The Traditional Sector
2.3 Modes of Development
2.4 A Dual Economy
2.5 Agricultural Surplus
2.6 Fundamental Differential Equation
2.7 Lowlevel Equilibrium Trap
3 The Structure of MultiSector Dynamic Models
Dale W. Jorgenson
3A Introduction
3A.1 Two Theorems on Nonnegativity
3A.2 Multiplier Theory
3A.3 The Dynamic InputOutput System
3A.4 The Lagged Accelerator
3A.5 The Capital Stock Adjustment Model
3A.6 Irreversibility of Capital Accumulation
3B Some Further EXamples
4 Testing Alternative Theories of the Development of a
Dual Economy
Dale W. Jorgenson
4.1 Introduction
4.2 Evidence: Direct Implications
4.3 Evidence: Indirect Implications
4.4 Summary and Conclusion
5 Surplus Agricultural Labor and the Development of a
Dual Economy
Dale W. Jorgenson
5.1 Introduction
5.2 Development of a Dual Economy: A Classical Approach
5.3 Development of a Dual Economy: A Neoclassical Approach
5.4 Beyond Disguised Unemployment
5.5 Summary and Conclusion
6 U.S. TaX Policy and Energy Conservation
Edward A. Hudson and Dale W. Jorgenson
6.1 Introduction
6.2 InterIndustry Model
6.3 Producer Behavior
6.4 Growth Model
6.5 Energy Projections
6.6 Energy Policy
6.7 Alternative Oil Prices
6.8 Alternative TaX Policies
6.9 Conclusion
7 Economic Analysis ofAlternative Energy Growth
Patterns, 19752000
Edward A. Hudson and Dale W. Jorgenson
7.1 Introduction
7.2 The Data Resources Inc. Energy Model
7.3 Methodology
7.4 Historical Growth
7.5 Technical FiX Growth
7.6 Zero Energy Growth
7.7 Conclusion
8 The Integration of Energy Policy Models
Ben Bernanke and Dale W. Jorgenson
8.1 Introduction
8.2 InterIndustry Model
8.3 Natural Gas Model
8.4 Integrated Model
8.5 Applications
9 Economic and Technological Models for Evaluation of
Energy Policy
Kenneth C. Hoffman and Dale W. Jorgenson
9.1 Introduction
9.2 Econometric and Process Analysis Models
9.3 Model Integration
9.4 Application
9.5 Conclusion
10 Energy Policy and U.S. Economic Growth
Edward A. Hudson and Dale W. Jorgenson
10.1 Econometric and Process Analysis Models
10.2 Alternative Energy Policies
10.3 Economic Growth
11 The Role of Energy in the U.S. Economy
Dale W. Jorgenson
11.1 Introduction
11.2 Background
11.3 The Carter Program
11.4 The Recovery
11.5 The Outlook
12 Energy Prices and the U.S. Economy, 19721976
Edward A. Hudson and Dale W. Jorgenson
12.1 Introduction
12.2 Analytical Framework
12.3 Overall Economic Impact
12.4 Effect on Economic Structure
12.5 Reduction in Energy Use
12.6 Reduction in Capital Stock
12.7 Change in Employment
12.8 Conclusions
13 The Economic Impact of Policies to Reduce U.S. Energy
Growth
Edward A. Hudson and Dale W. Jorgenson
13.1 Introduction
13.2 Econometric and Process Analysis Models
13.3 Alternative Energy Policies
13.4 Overview of Economic Effects
13.5 Adjustments in the Price Structure
13.6 Changes in the Pattern of Final Demand
13.7 Changes in Production Patterns
13.8 Composition of Total Output
13.9 Dynamic Adjustments Through Investment
13.10 Aggregate Economic Cost of Energy Reductions
13.11 Summary and Conclusion
14 The Impact of Restrictions on the EXpansion of
Electric Generating Capacity
Edward A. Hudson, Dale W. Jorgenson, and David C. O'Connor
14.1 Introduction
14.2 Reference Case Economy, Energy and Electricity Projections
14.3 The Impact of Capacity Restrictions
14.4 Summary and Conclusion
References
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