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Depuis une vigntaine d'années, la croissance des "Economies Dynamiques d'Asie" (EDA) a fortement mobilisé l … expansion économique des EDA peut s'expliquer à partir des comptes de la croissance. Il faudra ensuite examiner le rôle que … différentes écoles attribuent aux SICP dans la croissance des EDA. Enfin, l'attention se portera à la fois sur la nature des SICP …
Persistent link: https://www.econbiz.de/10005784816
In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian … should we consume?” In most of the macroeconomics textbooks, economic growth and Keynesian economics are taught in separate … bridge between the neoclassical growth theory and the Keynesian model. He links the Solow diagram and the IS-LM curves and …
Persistent link: https://www.econbiz.de/10004999072
growth process appears to be scale invariant but for countries in the tails of the world income distribution, and that the … relative volatility of smaller countries' growth processes have increased over time. …
Persistent link: https://www.econbiz.de/10010836047
non-renewable natural resources, endogenous population growth and technological progress. In each case, the purpose is to …This chapter is an exposition, rather than a survey, of the one-sector neoclassical growth model. It describes how the …
Persistent link: https://www.econbiz.de/10014024241
Many countries simultaneously suffer from high rates of inflation, low growth rates of per capita income and poorly … developed financial sectors. In this paper, we integrate a microfounded model of money and finance into a model of endogenous … growth to examine the effects of inflation and financial development. A novel feature of the model is that the market for …
Persistent link: https://www.econbiz.de/10008528708
growth process appears to be scale invariant but for countries in the tails of the world income distribution, and that the … relative volatility of smaller countries' growth processes have increased over time. …
Persistent link: https://www.econbiz.de/10005094837
This paper examines a model in which growth takes place through investment-specific technological change, which in turn … the growth rate can depend on the degree of substitability between research spending and new capital construction …. Research subsidies tend to have a larger impact on the growth rate than would an investment tax credit of the same magnitude …
Persistent link: https://www.econbiz.de/10005459294
In this paper, a modification is made to the endogenous growth model studied by Lucas [1988]. It is shown that if … equilibrium growth rate. Consumption taxation may increase the growth rate. If there is an externality in production of human … capital, then it may be optimal to impose a capital tax, as opposed to a subsidy, to achieve the optimal growth rate. This may …
Persistent link: https://www.econbiz.de/10005752757
Many countries simultaneously suffer from high rates of inflation, low growth rates of per capita income and poorly … developed financial sectors. In this paper, we integrate a microfounded model of money and finance into a model of endogenous … growth to examine the effects of inflation and financial development. A novel feature of the model is that the market for …
Persistent link: https://www.econbiz.de/10011072562
model incorporates the assumption of subsistence consumption into the neo-classical exogenous growth model – yielding …
Persistent link: https://www.econbiz.de/10005791191