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-capital-based endogenous-growth model, where a representative parent makes all life-cycle consumption and investment decisions, and life and …
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economy's endogenous growth rate, and (iii) non-uniqueness of Friedman rule. -- Friedman rule ; endogenous growth ; investment …
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the supply side by available savings. Analytical and simulation results indicate that the sustainability of an economy …
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interest rate too low, which endogenously tightens borrowing constraints. Agents decrease savings and investment in … inflows also appear to be larger for high savings countries. We explain this phenomenon using an OLG model of endogenous …
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We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10009674951