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Imperfect competition, real estate prices and new stylized facts

Kumar, Ronald Ravinesh; Stauvermann, Peter - In: Journal of Risk and Financial Management 15 (2022) 3, pp. 1-17

In this paper, we develop an overlapping generation model with imperfect competition and land to provide a theoretical …-proportional increase in land prices in developed countries. The model developed for analysis has close similarity with the standard … neoclassical overlapping generation model with endogenous growth and land. The main difference between the standard neoclassical …

Persistent link: https://www.econbiz.de/10013201402

Public debt, child allowances and pension benefits with endogenous fertility

Yasuoka, Masaya; Miyake, Atsushi - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-11, pp. 1-25

The public debt stock in some economically developed countries continues to increase because of a lack of tax revenues and the concomitant burdens of social security. Many of those countries suffer from lower birth rates and consequently, have fewer children. Child allowances might be an...

Persistent link: https://www.econbiz.de/10010311849

Efficiency with endogenous population growth. Do children have too many rights?

Pérez-Nievas, Mikel - In: Theoretical Economics 18 (2023) 4, pp. 1375-1406

Fertility rates are declining in many countries. But are fertility rates inefficiently low? This paper addresses this question by exploring the efficiency properties of equilibria in an overlapping generations setting with endogenous fertility and dynastic parental altruism, using a particular...

Persistent link: https://www.econbiz.de/10014537047

Efficiency and endogenous fertility

Pérez-Nievas, Mikel; Conde-Ruiz, José Ignacio; … - In: Theoretical Economics 14 (2019) 2, pp. 475-512

This paper explores the properties of the notions of A-efficiency and P-efficiency, proposed by Golosov, Jones and Tertilt (Econometrica, 2007), to evaluate allocations in a general overlapping generations setting in which fertility choices are endogenously selected from a continuum and any two...

Persistent link: https://www.econbiz.de/10012215288

Malthusian stagnation is efficient

Córdoba Muñoz, Juan C.; Liu, Xiying - In: Theoretical Economics 17 (2022) 1, pp. 415-460

This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...

Persistent link: https://www.econbiz.de/10013189017

How have NESTs grown? Explanations based on endogenous growth theory

In: Cogent Economics & Finance 9 (2021) 1, pp. 1-22

The NEST or potential Emerging and growth-leading economies (EAGLEs) have been playing an increasing role in global growth, but the problems of their long-term growth attract the least attention, specifically the possibility of endogenous growth. The study was conducted to test for the...

Persistent link: https://www.econbiz.de/10014001476

Endogenous Growth, Skill Obsolescence, and Output Hysteresis in a New Keynesian Model with Unemployment

LECHTHALER, WOLFGANG; TESFASELASSIE, MEWAEL F. - In: Journal of Money, Credit and Banking 55 (2022) 8, pp. 2187-2213

We embed skill obsolescence and endogenous growth into a New Keynesian model with search‐and‐matching frictions. The model accounts for key features of the Great Recession: the “productivity puzzle” and the “missing disinflation puzzle.” Lower aggregate demand raises long‐term...

Persistent link: https://www.econbiz.de/10014504273

Optimal growth under socially responsible investment: A dynamic theoretical model of the trade-off between financial gains and emotional rewards

Gomes, Orlando - In: International Journal of Corporate Social … 5 (2020) 1, pp. 1-17

Socially responsible investment (SRI) evolved, along the last two decades, from an almost unexplored topic inscience to a recurrent theme of research and debate in Economics and Finance. The growing interest on the theme has two fundamental causes. On one hand, empirical evidence unveils a...

Persistent link: https://www.econbiz.de/10014546018

The New Growth Theories and Their Empirics after Twenty Years

Capolupo, Rosa - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-1, pp. 1-72

In this work the author updates the reviews on endogenous growth theories in order to explore whether recent empirical studies have become more supportive of their main predictions. Among the core topics studied in the growth econometric framework, namely convergence, identification of growth...

Persistent link: https://www.econbiz.de/10010298621

Contemporary Economic Growth Models and Theories: A Literature Review

Sharipov, Ilkhom - In: CES Working Papers 7 (2015) 3, pp. 759-773

One of the most important aspects of human development is the ability to have a decent standard of living. The secret of the "economic miracle" of many countries that have high standard of living, in fact, is simple and quite obvious. All these countries are characterized by high and sustained...

Persistent link: https://www.econbiz.de/10012017255