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The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012099522
Persistent link: https://www.econbiz.de/10001876718
human and nonhuman capital investment ; power law of learning …
Persistent link: https://www.econbiz.de/10003688797
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012160984
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …
Persistent link: https://www.econbiz.de/10012099559
to the Kaldor model of factor shares. It departs from the original Kaldor model in assuming equal savings rates and … production determined by a matching process between workers and jobs. Macroeconomic equilibrium (national savings equal to … investment) determines the ratio of jobs to employment and the ratio of unemployed to vacancies. Competitive microeconomic …
Persistent link: https://www.econbiz.de/10011403982
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10003824853
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
Investment in improved agricultural inputs is infrequent for smallholder farmers in Africa. One barrier may be limited … access to formal savings. This is the first study to use a randomized controlled trial to evaluate the impact of using mobile … money as a tool to promote agricultural investment. For this purpose, we designed and conducted a field experiment with a …
Persistent link: https://www.econbiz.de/10012140124
region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …. -- Growth contributions ; national savings and investment ; current account balance ; welfare consequences of growth … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India …
Persistent link: https://www.econbiz.de/10003879333