neoclassical growth model
Neoclassical Growth Model with Externalities
... 1 Introduction In this paper, we study the local stability of the steady state of the neoclassical growth model. Local stability analysis provides important information about the local uniqueness of ...
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Stochastic delay differential neoclassical growth model
... differential neoclassical growth model in random environments, we introduce the stochastic model to describe the dynamics of the long-run behavior of the economy with a parameter perturbed by ...
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The effect of including the environment in the neoclassical growth model
... the neoclassical growth model approximating pollution abatement with the electricity production from renewable sources and pollution with carbon dioxide ...
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Inequality and Aggregate Savings in the Neoclassical Growth Model
... the growth path? Tackling these questions is a priori a complex task: On the one hand, inequality affects capital accumulation when the marginal propensities to consume (MPC) ...the neoclassical ...
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The Transition from the Neoclassical Growth Model to Ecology
... the neoclassical growth model put forth by Solow and many ...unlimited growth and technological progress and question their ...cal growth model where we consider non-human, ...
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Cash in Advance Constraint with Status in a Neoclassical Growth Model
... one-sector neoclassical growth model and show that there exists a unique steady state that has saddle-path stability without specifying each ...money growth on capital ...
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Cash in advance constraint with status in a neoclassical growth model
... one-sector neoclassical growth model and show that there exists a unique steady state that has saddle-path stability with- out specifying each ...money growth on capital ...
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Cash-in-advance constraint with status in a neoclassical growth model
... one-sector neoclassical growth model and show that there exists a unique steady state that has saddle-path stability with- out specifying each ...money growth on capital ...
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Taxation and Income Distribution Dynamics in a Neoclassical Growth Model
... the neoclassical growth model has been extensively studied, and the impact of different taxes on both the long-run equilibrium and transitional dynamics is well ...
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The steady state growth conditions of neoclassical growth model and Uzawa theorem revisited
... of neoclassical growth model in a Ramsey manner, that is, we solve the inter-temporal optimization for both consumers and ...of neoclassical growth model: neither Harrod nor ...
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Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea
... Keywords: neoclassical growth model, transition dynamics, industrialization, price of capital, South Korea JEL: E13, E22, O11, O13, O14, O16, O4, O53 ∗ We would like to thank discussants and ...
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The optimal tax treatment of housing capital in the neoclassical growth model
... Essi Eerola – Niku Määttänen Monetary Policy and Research Department Abstract In a dynamic setting, housing is both an asset and a consumption good. But should it be taxed like other forms of consumption or like other ...
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Global exponential stability for a delay differential neoclassical growth model
... Abstract This paper aims to analyze the stability of the positive equilibrium of a delay differential neoclassical growth model. We prove the existence, positivity and permanence of solutions which ...
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Constrained efficiency in the neoclassical growth model with uninsurable idiosyncratic shocks
... one-sector neoclassical growth model with uninsurable idiosyncratic shocks but precautionary ...of model was originally developed and analyzed by Bewley (1986), ˙Imrohoro˘glu (1989), Huggett ...
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Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model
... a neoclassical growth model a capital income cum investment subsidy tax, which is not distorting accumulation, is considered to investigate if net capital income taxes used for pure redistribution ...
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The existence of two positive periodic solutions for the delay differential neoclassical growth model
... Abstract By using the Krasnoselskii fixed point theorem in a cone, we investigate the existence of two positive periodic solutions of the generalized delay differential neoclassical growth model with ...
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Equilibrium Dynamics in the Neoclassical Growth Model with Habit Formation and Elastic Labor Supply
... Received September 15, 2012; revised October 16, 2012; accepted November 18, 2012 ABSTRACT This note analyzes the equilibrium dynamics in the neoclassical growth model with habit-forming preferences ...
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Saving Rate Dynamics in the Neoclassical Growth Model – Hyperbolic Discounting and Observational Equivalence
... 4 provides econometric evidence in support of the non-monotonic transitional path of the saving rate both in OECD countries and in a larger cross-section of countries. The previous literature demonstrates that the saving ...
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Saving Rate Dynamics in the Neoclassical Growth Model – Hyperbolic Discounting and Observational Equivalence
... The previous literature demonstrates that the saving rate may exhibit a non-monotonic transition path in a neoclassical growth model with CES technology. In our paper, we maintain Cobb-Douglas ...
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A Neoclassical growth model with public spending
... Further increases in W will make the situation worse. When government size is below W opt the marginal product of public capital is above the marginal product of private capital. In this case the economy is not making ...
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