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2012
This chapter introduces bubbles and financial frictions into the basic OLG growth model of Chap. 2. Contrary to the empirical data supporting the view that bubbles cannot occur in highly developed market economies, in line with Martin and Ventura (Economic growth with bubbles.
Karl Farmer, Matthias Schelnast
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This chapter introduces bubbles and financial frictions into the basic OLG growth model of Chap. 2. Contrary to the empirical data supporting the view that bubbles cannot occur in highly developed market economies, in line with Martin and Ventura (Economic growth with bubbles.
Karl Farmer, Matthias Schelnast
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Education and Economic Growth [PDF]
SSRN Electronic Journal, 2006 Contemporary views on the determinants of economic growth place education in centre stage. Yet the way in which education affects growth is not yet well understood. This paper begins by surveying the recent literature on the factors that affect growth, paying particular attention to education.
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SSRN Electronic Journal, 2007
AbstractModern paper currency contributes little to productive investment. This shortcoming is not inherent to paper money. It stems from the fact that currency today is monopolistically supplied by public monetary authorities that are poor intermediaries.
William D. Lastrapes, George Selgin
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AbstractModern paper currency contributes little to productive investment. This shortcoming is not inherent to paper money. It stems from the fact that currency today is monopolistically supplied by public monetary authorities that are poor intermediaries.
William D. Lastrapes, George Selgin
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ECONOMIC GROWTH AND THE INDIVIDUAL*
The Journal of Finance, 1966s of Doctoral Dissertations 551 government. On the other hand, debt financing (with government or private financial securities) increases individuals' net worth. Individual net worth affords the individual a buffer against uncertainty, the cost advantages of at least partial equity in consumer durables, and the opportunity to make a bequest to his ...
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The Review of Economic Studies, 1976
This paper constructs a neoclassical life-cycle growth model which allows for investment not only in tangible capital but in education. We consider an economy in which individuals live for two periods, devoting a fraction of time to schooling in the first period while working full time in the second.
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This paper constructs a neoclassical life-cycle growth model which allows for investment not only in tangible capital but in education. We consider an economy in which individuals live for two periods, devoting a fraction of time to schooling in the first period while working full time in the second.
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THE ECONOMIC GROWTH. MODELS OF ECONOMIC GROWTH
Прогрессивная экономика, 2022Lupin Gao, R.A. Sabitov
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Deindustrialisation and Economic Growth
The Economic Journal, 1996There can be no doubt that during the postwar period Britain has experienced a relative economic decline reflected in inferior growth and productivity performance. This was particularly pronounced during the 1950S to 1970S and was especially characteristic of the manufacturing sector.
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Economic Development and Cultural Change, 1969
where Y stands for national product, K and L for the inputs of capital stock and labor, respectively, all in year t; a and 1 a are the output elasticities of the two inputs. At is a technology index which measures the cumulated effect of technological change (shifts in the production function) over time.
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where Y stands for national product, K and L for the inputs of capital stock and labor, respectively, all in year t; a and 1 a are the output elasticities of the two inputs. At is a technology index which measures the cumulated effect of technological change (shifts in the production function) over time.
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Environmental science and pollution research international, 2023
F. Ayhan +3 more
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F. Ayhan +3 more
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The Mathematics of Economic Growth [PDF]
, 1990 Traditionally, economists have considered that mathematics acts as a universal language that lends clarity to theoretical statements. This paper proposes that mathematics does not function as a mere language. Rather, the advocacy of particular theoretical views and the choice of mathematical formalisms go hand-in-hand.
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