ABSTRACT
It has been one of Hicks’s major achievements that after the mid-1960s within the analysis of multisectoral growth models emphasis shifted to problems of structural change and adjustment processes. The analysis of an economy which originally has been in a steady-state equilibrium but is exposed to dynamic impulses or forces of change, such as population growth, technical progress, natural resources, changes in behavioural parameters such as savings and investment parameters, etc., is one of the most challenging problems in economics. Traverse analysis focuses on the thorough inquiry of the consequences of such impulses and of the necessary conditions to return to an equilibrium growth path.
