We propose a multisector endogenous growth model incorporating social capital. Social capital only serves as an input … in the production of human capital and it involves a cost in terms of the final good. We show that in contrast to … existing alternative specifications, this setting assures that social capital enhances productivity gains by playing the role …

expands the range of softwares. The capital sector produces efficient capital combining hardware with available softwares … IT sectors are shown to arise when positive supply shocks affect the production of efficient capital and/or the creation … of new softwares. Positive shocks specific to the capital sector are unable to produce effects on long-term growth, in …

We develop a general equilibrium vintage capital model with embodied energy-saving technological progress and an … explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to … explaining this outcome relying on the tight relationship between the lifetime of capital goods and energy prices via the …

We propose a multisector endogenous growth model incorporating social capital. Social capital only serves as input in … the production of human capital and it involves a cost in terms of the final good. We show that in contrast to existing … alternative specifications, this setting assures that social capital enhances productivity gains by playing the role of a timing …

We develop a general equilibrium vintage capital model with embodied energy-saving technological progress and an … explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to … explaining this outcome relying on the tight relationship between the lifetime of capital goods and energy prices via the …

A benchmark AK optimal growth model with maintenance expenditures and endogenous utilization of capital is considered … within an explicit vin- tage capital framework. Scrapping is endogenous, and the model allows for a clean distinction between … age and usage dependent capital deprecia- tion and obsolescence. It is also shown that in this set-up past investment …

production, technology adoption or capital maintenance. We first characterize the balanced growth paths of a benchmark model … without maintenance. Then we introduce the maintenance activity via the depreciation rate of capital. We characterize the …

We develop a general equilibrium vintage capital model with embodied energy- saving technological progress and an … explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to … explaining this outcome relying on the tight relationship between the lifetime of capital goods and energy prices via the …

This paper analyzes the equilibrium dynamics of an AK-type endogenous growth model with vintage capital. The inclusion … of vintage capital leads to oscillatory dynamics governed by replacement echoes, which additionnally influence the … the general resolution of endogenous growth models with vintage capital. …

We develop a general equilibrium vintage capital model with embodied energy-saving technological progress and an … explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to … explaining this outcome relying on the tight relationship between the lifetime of capital goods and energy prices via the …