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On the Invariance of the Rate of Return to Convex Adjustment Costs
Abel, Andrew B. - 2021
The Modified Golden Rule, which relates the rate of return on capital and the growth rate of the capital stock along long-run growth paths that maximize the utility of a representative infinitely-lived consumer, is invariant to the introduction of convex capital adjustment costs. Therefore,...
Persistent link: https://www.econbiz.de/10013248537
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On the Invariance of the Rate of Return to Convex Adjustment Costs
Abel, Andrew B. - 2001
Persistent link: https://www.econbiz.de/10012470066
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On the Invariance of the Rate of Return to Convex Adjustment Costs
Abel, Andrew B. - 2001
The Modified Golden Rule, which relates the rate of return on capital and the growth rate of the capital stock along long-run growth paths that maximize the utility of a representative infinitely-lived consumer, is invariant to the introduction of convex capital adjustment costs. Therefore,...
Persistent link: https://www.econbiz.de/10012470081
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …
Persistent link: https://www.econbiz.de/10011412072
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Unemployment invariance
Karanassou, Marika (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001867214
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Capital accumulation, factor prices, and endogenous labor-saving technical change
Irmen, Andreas - 2002
Persistent link: https://www.econbiz.de/10001676196
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Staatsverschuldung, intertemporale Allokation und Wirtschaftswachstum : eine theoretische Analyse staatlicher Verschuldungspolitik in Modellen exogenen und endogenen Wachstums
Josten, Stefan Dietrich - 2000
Rahmen der «Neuen Wachstumstheorie» vollzogenen modellkonzeptionellen Entwicklungen für die finanztheoretische Analyse dieses …
Persistent link: https://www.econbiz.de/10011964828
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
Persistent link: https://www.econbiz.de/10001687604
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Time-to-Build and Convex Adjustment Costs
Brooks, Petya Koeva - 2021
This paper incorporates time-to-build into the standard investment model with convex adjustment costs. The empirical … imposed by time-to-build on the investment equation. The results indicate that these restrictions cannot be rejected for five … variation in persistence of structures investment across four-digit industries …
Persistent link: https://www.econbiz.de/10013317966
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Aggregate dynamics in lumpy economies
Baley, Isaac; Blanco, Andres - 2019
Persistent link: https://www.econbiz.de/10012104127