Similar Search Results

Capital accumulation and employment cycles in a model of creative destruction

Palokangas, Tapio K. - 2003

A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at...

Persistent link: https://www.econbiz.de/10011514161

Unemployment, Growth and Fiscal Policy : New Insights on the Hysteresis Hypothesis

Raurich, Xavier; Sala, Hector; Sorolla, Valeri - 2021

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and balanced budget rules cause a complementarity between capital and employment capable of explaining the existence of multiple equilibrium paths. Hysteresis is viewed as the result...

Persistent link: https://www.econbiz.de/10013319288

Saddle Path Stability, Fluctuations and Indeterminacy in Economic Growth

Greiner, Alfred; Semmler, Willi - 2012

We present a macroeconomic growth model in which investment in physical capital exhibits positive externalities which …

Persistent link: https://www.econbiz.de/10014088893

Capital accumulation and employment cycles in a model of creative destruction

Palokangas, Tapio K. - 2003

Persistent link: https://www.econbiz.de/10001740665

"Love of wealth" and economic growth

Rehme, Günther - In: Review of development economics 21 (2017) 4, pp. 1305-1326

Persistent link: https://www.econbiz.de/10011814510

'Love of wealth' and economic growth : conference paper

Rehme, Günther - 2014

This paper complements research on how love of wealth bears on key variables in a Ramsey-Cass-Koopmans growth framework. It is shown that for an optimum the social planner cannot have an excessive love of wealth. If the planner has the 'right' love of wealth an optimum exists and implies higher...

Persistent link: https://www.econbiz.de/10010482448

Dynamic effects of anticipated and temporary tax changes in a R&D-based growth model

Takao, Kizuku - 2014 - This version: August, 2014

. Accordingly, R&D firms will optimally adjust their investment decisions to fit tax schedule changes. This study analyzes how … implementation. For this purpose, we consider adjustment costs involved in the investment process and allow firms to make a forward … looking investment decision in a R&D-based endogenous growth model. Calibrating the model with U.S. data, we find that a …

Persistent link: https://www.econbiz.de/10010396081

Dynamic Effects of Anticipated and Temporary Tax Changes in a R&D-Based Growth Model

Takao, Kizuku - 2014

Persistent link: https://www.econbiz.de/10013048181

Knowledge and growth in the very long run

Strulik, Holger - 2010 - This version: October 2010

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

Persistent link: https://www.econbiz.de/10008906821

Knowledge and growth in the very long run

Strulik, Holger - 2012 - This Version: November 2012

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

Persistent link: https://www.econbiz.de/10009665630