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Environmental discounting in a small open economy with a renewable resource

Futagami, Koichi; Nakamoto, Yasuhiro - Graduate School of Economics, Osaka University - 2010

We construct a small open economy model with a renewable resource. Households have an endogenous time preference rate that depends on the level of the renewable resource in the domestic economy. Although households know that the degree of own patience depends on its resource, we assume that...

Persistent link: https://www.econbiz.de/10008597183

Public Research Spending in an Endogenous Growth Model

Konishi, Kunihiko - Graduate School of Economics, Osaka University - 2013

This study constructs a variety expansion growth model with public research spending, in which public researchers raise the productivity of private R&D. We show that the rela- tionship between public research spending and the growth rate follows an inverted U-shape. This is because public...

Persistent link: https://www.econbiz.de/10010837082

Indeterminacy and utility-generating government spending under balanced-budget fiscal policies

Hori, Takeo; Maebayashi, Noritaka - Graduate School of Economics, Osaka University - 2013

We reexamine indeterminacy and utility-generating public spending under balanced- budget rules in a simple one …-sector growth model. The introduction of consumption tax (subsidy) as well as subsidies for savings and labor modify indeterminacy … con- ditions in the existing studies. We show that if consumption subsidies and income taxes exist, indeterminacy occurs …

Persistent link: https://www.econbiz.de/10010837102

Technology, Preference Structure, and the Growth Effect of Money Supply

Itaya, Jun-ichi; Mino, Kazuo - Graduate School of Economics, Osaka University - 2005

This paper studies the growth effect of money supply in the presence of increasing returns and endogenous labor supply. By using a simple model of endogenous growth with a cash-in-advance constraint, it is shown that the growth effect of money supply depends on the specifications of preference...

Persistent link: https://www.econbiz.de/10005773270