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This paper proposes a framework for comparing the predictions of representative household models with those of models of overlapping generations, in the context of a class of endogenous growth theories with investment adjustment costs. In the model used in this paper, savings and investment are...
Persistent link: https://www.econbiz.de/10013072414
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10010489777
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the welfare state are analysed. Cutting public spending on private goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public...
Persistent link: https://www.econbiz.de/10011506465
The macroeconomic effects of different ways of rolling back the welfare state are analysed. Cutting public spending on market goods induces a lower interest rate, a higher wage, a lower capital stock, and a fall in employment. Cutting public employment or the labour income tax rate leads, in...
Persistent link: https://www.econbiz.de/10012760868
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the welfare state are analysed. Cutting public spending on private goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public...
Persistent link: https://www.econbiz.de/10013320042
activity on optimal consumption and investment. Here, learning introduces two sources of risk about future payoffs: structural … decreases optimal consumption are provided. The effect depends on the strengths and directions of the two sources of risk, which … signal and initial beliefs on optimal consumption are studied …
Persistent link: https://www.econbiz.de/10014051128
The 90s have witnessed a revival in economists? interest and hope of explaining aggregate and microeconomic investment behavior. New theories, better econometric procedures, and more detailed panel data sets are behind this movement. Much of the progress has occurred at the level of...
Persistent link: https://www.econbiz.de/10014208091
The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
Persistent link: https://www.econbiz.de/10011522218
affects the consumption loans more compared to the investment loans. Besides, increased consumption compared to saving has …This study aims to analyze the Keynes' investment and saving model in Indonesia from 1981 to 2018. The researchers use … demonstrates that there is no short-run causal relationship between these two variables. In the short-run, the increase in saving …
Persistent link: https://www.econbiz.de/10014466431
The Treasury has, at times, suggested giving greater consideration to reforms to narrow the Saving-Investment gap … what policy reforms could help to narrow the Saving-Investment gap in New Zealand. Lower per capita growth in the capital … suggests a need for a significantly higher rate of national saving. Previous recommendations to boost national saving have …
Persistent link: https://www.econbiz.de/10012115684