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A Realistic Dynamic Form

In: Longrun Dynamics

Author

Listed:
  • Graeme Donald Snooks

    (Australian National University)

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.

Suggested Citation

  • Graeme Donald Snooks, 2000. "A Realistic Dynamic Form," Palgrave Macmillan Books, in: Longrun Dynamics, chapter 10, pages 129-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59939-0_10
    DOI: 10.1057/9780230599390_10
    as

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