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, suggesting that investment in physical and human capital is not sufficient to offset the costs of negative externalities. On the … investment in physical and human capital …
Persistent link: https://www.econbiz.de/10012828153
We develop two models of economic growth with exhaustible natural resources and consumers heterogeneous in time preferences. The first model assumes private ownership of natural resources. In the second model, natural resources are commonly owned and the resource extraction rate is chosen by...
Persistent link: https://www.econbiz.de/10014194029
A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies …
Persistent link: https://www.econbiz.de/10011302623
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...
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more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10010468584
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10010494118
favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low …
Persistent link: https://www.econbiz.de/10010463597