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Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints
de Gregorio, Jose - 2006
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as savings, investment, human capital accumulation and growth...
Persistent link: https://www.econbiz.de/10012781729
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가계부채가 소비와 경제성장에 미치는 영향 - 유량효과와 저량효과 분석 - (The Effects of Household Debt on Consumption and Economic Growth)
Kang, Jong Ku - 2017
household debt in the aspects of ‘flow effect' arising in the course of changes in household debt size and ‘stock effect …' occuring due to the level of household loans, and then, empirically analyzes the effects using the Korean time series data and … the OECD panel data.The result of empirical estimation with GMM reveals that the flow effect of household debt facilitates …
Persistent link: https://www.econbiz.de/10012965187
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Annuity Market Imperfection, Retirement and Economic Growth
Heijdra, Ben J. - 2009
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10013157843
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Essays on the macroeconomic implications of financial frictions
Li, Shuyun May - 2005
Persistent link: https://www.econbiz.de/10003905393
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Innovation and growth with financial and other frictions
Chiu, Jonathan; Meh, Césaire Assah; Wright, Randall D. - 2015
Persistent link: https://www.econbiz.de/10011348829
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Introduction to economic theory of bubbles
Miao, Jianjun - In: Journal of mathematical economics 53 (2014), pp. 130-136
Persistent link: https://www.econbiz.de/10011297130
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Innovation and growth with financial, and other, frictions
Chiu, Jonathan; Meh, Césaire Assah; Wright, Randall D. - In: International economic review 58 (2017) 1, pp. 95-125
Persistent link: https://www.econbiz.de/10011860195
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Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints
De Gregorio, Jose - 1993
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as savings, investment, human capital accumulation and growth...
Persistent link: https://www.econbiz.de/10014398466
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Approximate and almost-exact aggregation in dynamic stochastic heterogeneous-agent models
Reiter, Michael - 2010
systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced …
Persistent link: https://www.econbiz.de/10009732565
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Korea's Demographic Transition and Long-Term Growth Projection Based on an Overlapping Generations Model
Kwon, Kyooho - 2017
This paper employs an Overlapping Generations Model to quantify the impacts of Korea's demographic transition toward an older population on the total output growth rate. The model incorporates the projected population through 2060 according by Statistics Korea. The effects of the low fertility...
Persistent link: https://www.econbiz.de/10012953807