endogenous growth
Endogenous Growth, Semi endogenous Growth or Both? A Simple Hybrid Model
... generation endogenous growth models had the counterfactual implication that the long-term growth of per-capita GDP increased with the population ...in‡uential growth paradigms, the ...
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Supply side basis of endogenous growth
... Past ideas as being accumulated in the knowledge pool; embedded in goods and transferred via trade, direct investment, and imitation over time, reflects the public good characteristics of knowledge which contributes also ...
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Output dynamics in an endogenous growth model
... GNP growth is positively autocorrelated over short horizons and has a weak and possibly insignificant negative autocorrelation over longer horizons; and second, GNP appears to have an important trend-reverting ...
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Output dynamics in an endogenous growth model
... However, endogenous growth models would replicate this stylized fact regardless of the specification of the shocks since, as pointed out by Mc Callum (1989), endogenous growth models that show ...
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Endogenous growth and Stock Market Development
... contrast, endogenous growth models focus on the relationship between financial development and long-run economic growth, emphasising that productivity growth is most likely to be the channel ...
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Entrepreneurs, moral hazard, and endogenous growth.
... of endogenous growth is not necessarily inconsistent with the new empirical literature which calls the supposed negative link between income inequality and growth into ...
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Union, efficiency of labour and endogenous growth
... an endogenous growth model with a special focus on human capital formation and on the “Efficiency Wage Hypothesis’ in order to study the effect of unionisation in the labour market on the long run economic ...
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Time preference and cyclical endogenous growth
... Abstract: The paper develops an AK endogenous growth model with an endogenously determined rate of intertemporal preference. Following some of the related literature, we assume that the degree of impatience ...
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Essays on International Trade and Endogenous Growth
... and growth have adopted different versions of the neoclassical model to examine wide range of issues in the field of international trade, since Romer (1986) suggested a model that endogenizes the growth ...
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Global endogenous growth and distributional dynamics
... Some models in math biology, chemistry, and physics also study the interaction between two diffusion processes, however they use a system of two forward PDE. in those models a diffusion induced instability, termed T¨ ...
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A Note on Endogenous Growth with Public Capital
... This paper constructs a simple two sector endogenous growth model with public capital; and derives the properties of optimal fiscal policies in the steady state equilibrium. Both the final good and the ...
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Trade, Productivity and semi-endogenous Growth
... variety growth model to account for the firm selection effect of trade openness (Bernard, Eaton, Jensen and Kortum 2003, Melitz ...model endogenous entry cost and positive long-run produc- tivity ...fully ...
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An Asymptotically Non Scale Endogenous Growth Model
... Early endogenous growth models ...of endogenous growth model that eliminates scale effects, but the population growth rate plays a crucial role for economic ...population growth ...
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Fiscal policy and indeterminacy in models of endogenous growth
... weak endogenous propagation mechanisms– they have trouble replicating observed autocorrelations, or impulse responses not incorpo- rated within the dynamics of the impulses themselves (see Cogley and Nason ...
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The two sector endogenous growth model: an atlas
... population growth is high as ...sector endogenous growth model can accommodate a far wider range of parameterizations than previously ...balanced growth paths, and saddle-path stable local ...
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The two sector endogenous growth model: An atlas
... population growth is high as ...an endogenous growth model that is consistent with at least some of the most widely available cross-country data for most countries is likely to be of only limited ...
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Asset Bubbles, Endogenous Growth, and Financial Frictions
... To answer these questions, we develop an in…nitely lived agent model of endogenous growth with two important characteristics. One is the presence of heterogeneous investment opportunities. In our model, ...
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An Endogenous Growth Model Approach to the Korean Economic. Growth Factors
... the growth factors of the Korean economy based on the new economic growth theory that regards technological change and human capital as endogenous core factors of economic ...achieved ...
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Endogenous Growth, Monetary Shocks and Nominal Rigidities
... include endogenous capital accumulation, convex investment adjustment costs and an endogenous growth mechanism with serendipitous learning by doing ` a la Romer ...
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Cash in advance constraint with status and endogenous growth
... The intuition for this result is as follows. Suppose that the economy is in a BGP equilibrium initially, and that the money growth rate rises. This leads to a rise in the inflation rate, so that the demand for ...
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