MODEL PERTUMBUHAN EKONOMI DUA DAERAH DAN SIMULASI EFEK PERUBAHAN PARAMETERNYA
ABSTRACT: The traditional
growth theory usually considers only the accumulation of conventional inputs of
labor and capital as the primary variables responsible for the growth. It has
been proven to be insufficient for explaining the complexity of modern economic
growth. This thesis aims to study a two-region economic growth model proposed
by Zhang (2005). This model explains the dynamics of economic system based on
capital and knowledge accumulation. It also considers relationships between
regional growth and regional trade patterns. Each region's production is
similar to the standard one-sector growth model. Knowledge accumulation is
assumed to be accomplished through learning by doing. Unfortunately, in obtaining
the equilibrium solution of the model Zhang made some mistakes. Therefore, this
thesis offers some corrections. The analysis done in this thesis includes
obtaining equilibrium of the economic system and its feasibility conditions.
Some results of simulation study show that knowledge improvement is more
effective to increase equilibrium value of economic growth compared to
improvement in investment or amenity level.
Penulis: Taufik N. T., Endar
H. Nugrahani, Retno Budiarti
Kode Jurnal: jpmatematikadd080015
