The diploma thesis deals with the basic Real Business Cycle (RBC) model. RBC theory provides pure supply-side explanation of economic fluctuations. Generaly acknowledged contribution of RBC theory is the fact that the model is developed strictly on microeconomic basis. The thesis consists of two basic parts, theoretical and practical. First, historical background of RBC theory is mentioned. Then the basic RBC model is step-by-step derived and all equations are provided with explanations. In the last theoretical part section RBC theory critisism is discussed. In the practical part the derived basic model is applied to the Czech economy. First certain properties of the Czech business cycles are examined. Then, the basic model is calibrated, simulated and the results are commented.

Li, Nan. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2009. / Includes bibliographical references (leaves 88-90). / Abstract also in Chinese. / Chapter 1 --- Introduction --- p.1 / Chapter 1.1 --- Overview --- p.1 / Chapter 1.2 --- Literature on Illegal Immigration --- p.2 / Chapter 1.3 --- Literature on Income Distribution --- p.4 / Chapter 1.4 --- Outline and Contribution --- p.5 / Chapter 2 --- The Solow Model of Illegal Immigration --- p.7 / Chapter 2.1 --- The Basic Model --- p.7 / Chapter 2.2 --- Equilibrium and Transitional Dynamics --- p.10 / Chapter 2.2.1 --- Aggregate level --- p.10 / Chapter 2.2.2 --- Individual level --- p.12 / Chapter 3 --- Sensitivity Analysis in the Solow Model --- p.16 / Chapter 3.1 --- Benchmark Example --- p.16 / Chapter 3.2 --- Input Shares --- p.18 / Chapter 3.3 --- Share of Unskilled Labor 0 --- p.20 / Chapter 3.4 --- Different Initial Value of Capital --- p.21 / Chapter 4 --- The Ramsey Model of Illegal Immigration --- p.23 / Chapter 4.1 --- The Basic Model --- p.24 / Chapter 4.2 --- Transitional Dynamics and Equilibrium --- p.26 / Chapter 4.2.1 --- Transitional Dynamics --- p.26 / Chapter 4.2.2 --- Steady State --- p.27 / Chapter 5 --- Sensitivity Analysis in the Ramsey Model --- p.28 / Chapter 5.1 --- Benchmark Example --- p.29 / Chapter 5.2 --- Input Share --- p.30 / Chapter 5.3 --- Elasticity of Substitution 0 --- p.31 / Chapter 5.4 --- Penalty Ratio r --- p.32 / Chapter 5.5 --- Different Initial Value of Capital --- p.33 / Chapter 5.5.1 --- Case 1 k10 < k20 --- p.34 / Chapter 5.5.2 --- Case 2 k10 > k20 --- p.35 / Chapter 6 --- Comparison and Conclusion --- p.36

<p>I denna uppsats utreds effekterna av HIV/AIDS på tillväxt i södra och östra Afrika. Detta sker via en teoretisk undersökning av effekterna på fysiskt, humant och socialt kapital som är tre viktiga bakomliggande faktorer som påverkar ekonomisk tillväxt. Resultatet av studien är att HIV/AIDS troligen har negativ verkan på alla dessa tre typer av kapital, men att det är effekterna på humant och socialt kapital som får långsiktiga ekonomiska följder i form av lägre ekonomisk tillväxttakt i länderna i fråga.</p>

I denna uppsats utreds effekterna av HIV/AIDS på tillväxt i södra och östra Afrika. Detta sker via en teoretisk undersökning av effekterna på fysiskt, humant och socialt kapital som är tre viktiga bakomliggande faktorer som påverkar ekonomisk tillväxt. Resultatet av studien är att HIV/AIDS troligen har negativ verkan på alla dessa tre typer av kapital, men att det är effekterna på humant och socialt kapital som får långsiktiga ekonomiska följder i form av lägre ekonomisk tillväxttakt i länderna i fråga.

This bachelor thesis aims to uncover the determinants of the economic growth in Mexico with an exogenous growth model. The study is based in an Augmented Solow Model em-ployed by Mankiw, Romer and Weil in "A contribution to the Empirics of the Economic Growth" (1992). The model uses annual data of Mexico from 1960-2007 and the regressions and tests are developed in the econometric package Stata 10 for eight different periods. The thesis not only uses the Effective Labour and Physical Capital as Inputs in the production Function, but also employs the variable of Human Capital as an economic determinant of growth in the production function. The results of the model correspond with the actual scenario in Mexico; more weight to the Effective Labour (76.34%) rather than to Human Capital (2.12%) or Physical Capital (21.54%) as determinants of growth.

The vigorous economic growth in Japan after World War II triggered the demographic change of low fertility, low mortality and increasing life expectancy. Japan¡¦s ¡§Dankainosedai¡¨ (Baby boomer) getting old led to a rapid aging society in the past twenty years. Currently, the percentage of older people in Japan significantly exceeds global average and even reaches a level so called super-aging society. Such phenomenon of baby bust and population aging not only deteriorates the economic growth but also reduces government¡¦s budget for public construction, leads to rural-urban divide, and causes major social issues such as family support, retirement and healthcares. Recent literature focusing on influence of demographic transition on economic growth was primarily based on cross-sectional data or panel data. Few articles presented analysis using the prefecture -by- prefecture or regional data as a base. Therefore, we try to clarify the interaction between demographic change and economic growth by using 47 prefectures¡¦ statistic data of Japan, which is very well collected and ideal for conducting documental regression analysis. The objective of this paper is to provide some conclusions from Japan which might be useful for the government of Taiwan when making population and economic policy. Following Bloom and Williamson¡]1998¡^, this paper seek to examine the links between several variables, such as demographic change , and economic growth, by running regressions on panel data covering 47 prefectures of Japan during 1975-2008. We found that population growth, age structure, physical capital and industrial structure did have significant impact on growth rates of Japan. Population growth as a whole and the young and elderly dependants had a strong negative impact on economic growth, while growth of the working-age population and physical capital had strong positive impact. The result shown that the economic growth of Japan was impeded for a few years since the age structure of population was shifted to constrictive type which is caused by baby bust and aging. We also tried different frameworks to examine the influence of various variables, such as selecting some prefectures with unique feature, segmenting seven major economic regions, or dividing years in two periods ¡]before and after the year with bubble economy 1989¡^. We can make a conclusion that comparing with the period 1975 -1989, the economic growth rate during 1990-2008 slumped due to the changes of age structure, physical capital and industrial structure.

<p> </p><p> </p><p>This bachelor thesis aims to uncover the determinants of the economic growth in Mexico with an exogenous growth model. The study is based in an Augmented Solow Model em-ployed by Mankiw, Romer and Weil in</p><p><em>"A contribution to the Empirics of the Economic Growth" </em>(1992). The model uses annual data of Mexico from 1960-2007 and the regressions and tests are developed in the econometric package Stata 10 for eight different periods. The thesis not only uses the Effective Labour and Physical Capital as Inputs in the production Function, but also employs the variable of Human Capital as an economic determinant of growth in the production function. The results of the model correspond with the actual scenario in Mexico; more weight to the Effective Labour (76.34%) rather than to Human Capital (2.12%) or Physical Capital (21.54%) as determinants of growth.</p><p> </p><p> </p>

Univ., Diss.--Louvain-la-Neuve, 2007.

The desire to understand and model the complex phenomenon of economic growth has been an old and interesting pursuit. Many such models have been proposed and two of the most prominent canditates are the Solow-Swan and Romer models. This paper investigates the similarities and differences of the a priori mentioned models on a balanced growth path and on a partial transition dynamics - only the capital dynamics - using numerical simulations. Furthermore, the problem of the speed of convergence shall be analyzed and a method for the analysis will be presented. The simulations are investigated by means of different economic scenarios, called experiments, and are used to illustrate the capabilities and incapabilities of each model. The findings of this paper are that both models are adequate for the investigation of economic growth. However, as seen by the mathematical analysis and the experiments, the incapability of the Solow-Swan model to adequately explain the technological growth rate is a strong disadvantage over the more modern Romer model. Furthermore, this paper summarizes the choices of the numerical values - using real world data - which should be used for the variables of the Solow-Swan and Romer models.

Aim of this thesis is to empirically verify the validity of Rostows Stages of economic growth model and Solow-Swan model of economic growth realized by using statistical data South Asian countries reported. Theoretical part is devoted to characteristics of the growth models, explaining the assumptions theories work with and defining their origins and possible limitations. Practical part is focused on the analysis of statistical outputs newly industrialized Asian countries (Asian Tigers). The choice of selected data for analysis is justified. The data are further evaluated against expectations out of the Rostows and Solows theory of economic growth. The appropriateness of the growth models with regard to the territories is also evaluated.