Buscar
Mostrando ítems 11-17 de 17
The welfare cost of external habits: a quantitat ive assessment
(Universidad de Chile, 2010)
[Abstract]: This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent’s utility depends on both current
consumption and a reference consumption level ...
Stages of Economic Development in an Innovation-Education Growth Model
(De Gruyter, 2011)
[Abstract]: Physical capital accumulation, knowledge formation and R&D-based technological progress
are considered the three main sources of growth. The common view is that they characterize, in
a temporal order, the ...
Equilibrium Efficiency in the Ramsey Model with Habit Formation
(De Gruyter, 2007)
[Abstract]: This paper analyzes the equilibrium efficiency in a Ramsey model with habit formation.
Uniqueness and saddle-path stability of the steady state is proved analytically. The competitive
equilibrium is efficient ...
Long-Run Growth, Speed of Convergence and the Specification of Technology
(De Gruyter, 2022)
[Abstract]: This note analyzes the effect that the specification of technology has on the long-run growth rate and the asymptotic speed of convergence in the one-sector endogenous-growth model. We compare three otherwise ...
Utility and Production Externalities, Equilibrium Efficiency and Leisure Specification
(Elservier, 2008)
[Abstract] This paper analyzes the implications that the specification of the leisure activity has on the equilibrium efficiency in a two-sector endogenous growth model with human capital accumulation. We
consider external ...
Fiscal policy, congestion, and endogenous growth
(Willey, 2008)
[Abstract]: We devise an endogenous growth model with private and public physical capital, and human capital, which allows for relative and absolute congestion. According to empirical evidence, long-run growth is invariant ...
Endogenous Growth, Habit Formation and Convergence Speed
(De Gruyter, 2010)
[Abstract] This paper analyzes the effect on the economy dynamics of alternative formulations of habit
persistence in an endogenous growth model. The focus is on the impact on the convergence speed,
which is the key ...