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Cyclical patterns of employment, utilization and profitability

Zipperer, Ben; Skott, Peter - 2010

; investment function ; pricing …

Persistent link: https://www.econbiz.de/10003989579

Volatility and Growth : Credit Constraints and Productivity-Enhancing Investment

Aghion, Philippe; Banerjee, Abhijit V.; Angeletos, … - 2015

We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …

Persistent link: https://www.econbiz.de/10014028049

Evolution of the Relative Price of Goods and Services in a Neoclassical Model of Capital Accumulation

Klyuev, Vladimir - 2006

This paper provides an explanation for the secular increase in the price of services relative to that of manufactured goods that relies on capital accumulation rather than on an exogenous total factor productivity growth differential. The key assumptions of the two-sector, intertemporal...

Persistent link: https://www.econbiz.de/10012783078

Investment Rules and Time Invariance Under Population Growth

Asheim, Geir - 2020

We propose an adaptation of Hartwick's investment rule to models with population growth and show that following … of Hartwick's investment rule where capital gains play a role if population growth is positive. Since capital gains …

Persistent link: https://www.econbiz.de/10012824585

Steady-State Growth and the Elasticity of Substitution

Irmen, Andreas - 2021

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...

Persistent link: https://www.econbiz.de/10013316247

Factor Substitution, Income Distribution, and Growth in a Generalized Neoclassical Model

Irmen, Andreas; Klump, Rainer - 2021

We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...

Persistent link: https://www.econbiz.de/10013316692

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) 1/5, pp. 1-17

Socially responsible investment (SRI) evolved, along the last two decades, from an almost unexplored topic inscience to … social and environmental awareness upon investors' decisions and investment performance. The model is a simple optimal …

Persistent link: https://www.econbiz.de/10012293054

Automation, economic growth, and the labor share - a comment on Prettner (2019)

Heer, Burkhard; Irmen, Andreas - 2019 - This Version: June 24, 2019

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...

Persistent link: https://www.econbiz.de/10012031062

Untimely destruction: pestilence, war and accumulation in the long run

Bell, Clive; Gersbach, Hans; Komarov, Evgenij - 2019

This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an overlapping-generations frame-work in which young adults, confronted with such hazards and motivated by old-age provision and altruism, make decisions about investments in schooling...

Persistent link: https://www.econbiz.de/10012122104

Equipment Investment and Growth in Developing Countries

Hendricks, Lutz - 2001

that (i) "openness" enhances growth by increasing a country's rate of investment, and (ii) variables related to equipment … investment are robustly and strongly correlated with growth rates. This paper proposes a microeconomic mechanism for the link … between openness, equipment investment and growth. A dynamic general equilibrium model is developed where countries that face …

Persistent link: https://www.econbiz.de/10014144885