Transitional Dynamics: The Lower Equilibrium Case
Financial development and economic growth : long-run equilibrium and transitional dynamics
... BGP equilibrium, there may exist a non-monotonic relationship between growth and financial development, and find that this crucially depends upon the relative intensity of the productivity and depreciation effects ...
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The Dynamics of Entrepreneurial Networks in a Transitional Economy: The Case of Russia
... H4b. The better the firm performance the less the increase in weak ties of entrepreneurs. Firm Performance and Resource Dynamics of Networks. Wealthy, powerful and prestigious actors are few and likely to reside ...
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A Simple Dynamic Applied General Equilibrium Model of a Small Open Economy: Transitional Dynamics and Trade Policy
... It is easy to show that in a multi-sector model, the aforementioned counter-factual result still persists. In this paper we attempt to show that, with the introduction of imperfect substitution between the own good ...
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TRANSITIONAL DYNAMICS OF OPTIMAL CAPITAL TAXATION
... Both cases are depicted in Figure 1. This paper assumes that the government can commit to a path of tax rates. The case of no commitment is studied by Frankel (1993). The result there is disastrous: Because ...
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Explicit Transitional Dynamics in Growth Models
... An increase in γ leads to a lower b. Thus, consumption will be a lower proportion of capital. Growth rate is higher. This is consistent with the result in the case with additively separable utility ...
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Inventories in general equilibrium dynamics
... On one hand, if we set v = 1 , as in most firm/industry level analyses, inventories have no significant effect. This is because we assume that production is decided after observing all of the aggregate shock. Hence, if ...
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Consumption dynamics in general equilibrium
... [Figure 4 about here.] The posterior distributions of the model’s structural parameters are fairly similar in the linear and nonlinear cases, but there are some important differ- ences. As shown in Table 6, the inverse ...
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Nonlinear dynamics in transitional wall-bounded flows
... Summary of the papers Paper 1 Edge tracking in spatially developing boundary layer flows Classical edge tracking is performed on the Blasius boundary layer considering a fully localised perturbation without any ...
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Transitional Dynamics in a Growth Model with Distributive Politics
... holding ratios continues to hold. This implies greater political consensus over policy choices in the long run. However, the equilibrium tax rate is less than the growth maximizing tax rates when agents value ...
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Public Investment, Government Indebtedness and Transitional Dynamics
... In terms of the tax structure in our model, we assume that the government raises revenues using a progressive income tax schedule which is an empirically plausible assumption; see, for example, Arnold (2008). Our ...
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Dynamical Non-Equilibrium Molecular Dynamics
... the case of Rayleigh–B´enard convection when the direction of the thermal gradient is parallel to the direction of the gravity ...the case we have described so ...
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Stochastic uncoupled dynamics and Nash equilibrium
... the case of ...Nash equilibrium cannot be ensured under the hypotheses of uncoupledness, stationarity, and 1-recall (there is an exception for the case of generic two- player games with at least one ...
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Equilibrium and dynamics of collisionless current sheets
... The case r 1,qn and r 2,qn positive If a s and b s are positive, r 1,qn and r 2,qn are also ...this case P qn has a minimum at the origin and tends to infinity for |A x | , |A y | → ∞ ...
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Non Equilibrium Dynamics of DNA Nanotubes
... the case of microtubules, a detailed understanding of the molecular machinery of α,β-tubulin is difficult to attain because the activity of the monomer and polymer are affected by complex systems of exogenous and ...
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Information percolation with equilibrium search dynamics
... 6.1 Equilibria with Minimal Search We now consider conditions under which there are equilibria with minimal search, cor- responding to the trigger policy with trigger at N = 0. The idea is that such equilibria can arise ...
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Experiment 8: Entry and Equilibrium Dynamics
... Perfect Competition Dynamics Perfect competition is an extreme case, the business person's ultimate nightmare. There are so many firms that no single firm can unilaterally affect the price. All firms are ...
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The Transitional Dynamics of Fiscal Policy in Small Open Economies
... Temporary Shocks To generate a temporary fiscal shock, we set ˜ G = ˜ T and ξ G = 0.10 (see (22)), which generates a substantial degree of persistence in public spending. In the short run, permanent and temporary fiscal ...
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Transitional Dynamics in the Uzawa-Lucas Model of Endogenous Growth
... Figure 2: Optimal time share u in (x, γ) space. Left: 2 players. Right: 1000 players. the case with N = 1000. The black lines correspond to the respective steady- state values u ss . Since the duopolist has more ...
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Transitional Dynamics of an Endogenous Growth Model with an Erosion Effect
... Abstract The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully ...
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Transitional Dynamics of Dividend and Capital Gains Tax Cuts
... The objective of this paper is to study the dynamic effects of temporary and permanent changes in dividend and capital gains taxes on the economy in a dynamic general equilibrium model with firm heterogeneity in ...
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