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Uncertainty, Risk, and Capital Growth
Segal, Gill; Shaliastovich, Ivan - 2022
We present a novel finding that high macroeconomic uncertainty is associated with greater accumulation of physical capital, despite a contemporaneous reduction in investment. To reconcile this evidence, we show that high uncertainty predicts a persistent decrease in the utilization and...
Persistent link: https://www.econbiz.de/10013307469
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Evolution, heritable risk and skewness loving
Heller, Yuval; Robson, Arthur John - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 403-424
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature … has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable … risk, in which there is a positive correlation between the fitness of a newborn agent and the fitness of her parent …
Persistent link: https://www.econbiz.de/10012587359
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Role of uncertainty for FDI inflow : panel econometric analysis of selected high-income nations
Haque, Mohammad Anamul; Biqiong, Zhang; Muhammad Usman … - In: Cogent economics & finance 10 (2022) 1, pp. 1-18
The purpose of this study is to evaluate the influence of economic policy uncertainty in determining the FDI inflow for 19 economies with higher incomes between 2000 and 2021. Using the panel Ardl approach, the data were examined. The dynamic fixed effect approach was selected for assessing the...
Persistent link: https://www.econbiz.de/10014500437
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Discounting an uncertain future
Gollier, Christian - 1997
relative risk aversion or decreasing absolute risk aversion, we prove that (1) the fact that growth is uncertain reduces the …
Persistent link: https://www.econbiz.de/10011608349
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Growth trends, cyclical fluctuations, and welfare with non-expected utility preferences
Pemberton, James - 1995
Persistent link: https://www.econbiz.de/10000911566
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Fertility, the quality of children and economic growth
Chou, Chi-chu - In: Journal of economic integration 13 (1998) 2, pp. 255-275
Persistent link: https://www.econbiz.de/10001337841
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Growth trends, cyclical fluctuations, and welfare with non-expected utility preferences
Pemberton, James - In: Economics letters 50 (1996) 3, pp. 387-392
Persistent link: https://www.econbiz.de/10001197795
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Intergenerational complementarities in education and the relationship between growth and volatility
Palybos, Theodōros (contributor);  … - 2009
We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements....
Persistent link: https://www.econbiz.de/10003885849
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Intergenerational complementarities in education, endogenous public policy, and the relation between growth and volatility
Palybos, Theodōros; Varvarigos, Dimitrios - In: Journal of public economic theory 15 (2013) 2, pp. 249-272
Persistent link: https://www.econbiz.de/10009759736
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Fertility, the Quality of Children and Economic Growth
Chou, Chi-Chu - 2008
This paper develops a theory of the fertility choice that focus on the shadow price of the quality of children and …
Persistent link: https://www.econbiz.de/10014219902