Capital Accumulation
Sovereign Default and Capital Accumulation
... endogenous capital accumulation into an otherwise standard quantitative sovereign default model in the tradition of Eaton and Gersovitz (1981), and find that conditional on a level of debt, default ...
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FINANCIALIZATION AND STAGNANT CAPITAL ACCUMULATION IN CHINA
... Using a semi-annual data of listed non-financial corporations from 2007 to 2015, this paper investigates the effect of financialization on capital accumulation in China. The results show that increased ...
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Credit Market Development and Human Capital Accumulation
... human capital accumulation and credit provi- ...Human capital accumulation involves decreasing returns with respect to the fraction of time allocated to education by young ...physical ...
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Timing of childbirth, capital accumulation, and economic welfare
... on capital accumulation and the welfare of ...the capital–labor ratio. The cycles in the capital–labor ratio cause the lifetime welfare of agents to change generation by generation in an ...
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Profit Sharing, Income Inequality and Capital Accumulation
... The relationship between economic development and income inequality isn’t neutral vis-à-vis the role of the financial system in responding to the needs of different categories of agents. Indeed, as shown by the ...
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The Cultural Roots of Human Capital Accumulation
... country of birth. I use this sample of second-generation migrants as a way of further limiting the potential for reverse causality in the relationship between country-of-origin culture and destination-country behavior. ...
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Intergenerational interactions in human capital accumulation
... human capital accumulation based on empirical ...human capital accumulation which integrates fully-specified strate- gic interactions between consecutive generations into an (otherwise ...
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Composition of Public Education Expenditures and Human Capital Accumulation
... Human capital accumulation can be an engine of economic growth, and the government has significant roles in providing formal ...human capital is produced in a single education sector, where an amount ...
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Consumption Externalities and Capital Accumulation in an Overlapping Generations Economy
... This paper has extended the standard OLG model of capital accumulation by introducing consumption externalities. By using a model with simple functional forms, we have shown that the presence of consumption ...
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Growth and Competition in a Model of Human Capital Accumulation and Research
... On the other hand, recent theoretical works (Ziesemer (1991), Eicher (1996), Redding (1996), Arnold (1998), Blackburn, Hung, and Pozzolo (2000), Sj¨ogren (1998) and Lloyd- Ellis and Roberts (2002)) analyze the ...
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Corporate control, social choice and financial capital accumulation
... Corporate Social Choice Finance, and Financial Capital Accumulation : Retentions The Role of Corporate and Pension Funds.. CASE OF CORPORATE 1.1..[r] ...
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How To Spend It? Capital Accumulation in a Changing World
... We …nd that, in all of the above cases, a phenomenon of threshold appears in the dynamics of the agent capital stock. Below this threshold, the initial stock will quickly fade away; above, capital ...
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The Timing of Mortality Decline and Human Capital Accumulation
... In this instance, the decision concerns whether to undertake educational investment, and if so, to estimate the level of investment within a range of positive values. Thus, as educational investment never takes a ...
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Financialisation, Capital Accumulation and Economic Development : A Theoretical and Empirical Investigation of the Nigerian Economy
... In essence, the entire debate on financialisation by most Marxist economists could, therefore, be seen to be predicated on the understanding that this new form which finance has taken since the reform of the financial ...
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Climate impacts on capital accumulation in a small
... Caribbean SIDS that includes export dependence and external debt [5]. In that model, capital accumulation is endogenous, depending on anticipated demand and capital utilization. In this paper we ...
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Financial Integration and Capital Accumulation
... impact capital accumulation when countries differ in the effi- cacy of internal financial markets? We examine this question within a two-country incomplete- markets model featuring a specific financial ...
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Financial bubbles and capital accumulation in altruistic economies
... We also show that, in a bounded economy with high interest rate (i.e., the interest rate at the steady state of the economy without financial asset is strictly higher than the population growth rate), there does not ...
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Farm-level Capital: Capital positions, structures, the dynamics of farm-level investments, capital accumulation and leverage positions. Factor Markets Working Paper No. 7, October 2011
... for capital gains rather than collecting high current profits comes through taxation, for at least two ...tax capital gains before they are ...the capital gains taxes can only be collected after the ...
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Privatization and Capital Accumulation: Empirical Evidences from Ethiopia
... Privatisation and its Effect on Macroeconomic Variables The magnitude of privatisation, which includes the total flow of proceeds, expressed as a share of GDP, has made a direct impact o[r] ...
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Redistribution, Pension Systems and Capital Accumulation
... ve results for every macroeconomic variable, we first present an analytical resolution of our model. Then, because the impact is ambiguous for some variables, we calibrate our model on French data and we numerically ...
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