Comparative statics

In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter. As a study of statics it compares two different equilibrium states, after the process of adjustment (if any). It does not study the motion towards equilibrium, nor the process of the change itself. For models of stable equilibrium rates of change, such as the neoclassical growth model, comparative dynamics is the counterpart of comparative statics (Eatwell, 1987).

Comparative statics

In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter. As a study of statics it compares two different equilibrium states, after the process of adjustment (if any). It does not study the motion towards equilibrium, nor the process of the change itself. For models of stable equilibrium rates of change, such as the neoclassical growth model, comparative dynamics is the counterpart of comparative statics (Eatwell, 1987).