Narrow search
Showing 1 - 10 of 86,944
Cover Image
Capital Accumulation, Vintage and Productivity: The Japanese Experience
Hagiwara, Taiji; Matsubayashi, Yoichi - Faculty of Economics, Kobe University - 2014
We empirically examine the relationship between capital accumulation and vintage as well as the productivity of … industries in Japan from 1980 to 2007. Based on the empirical analyses, we confirmed that vintage exerted a significant influence …, where strong vintage effects were observed in all industries. The rejuvenation of capital equipment during this period …
Persistent link: https://www.econbiz.de/10010775065
Cover Image
Cross-Border Equity Investment and the Business Cycle
Amdur, David - 2009
I present new evidence that gross foreign assets and liabilities in equity investments, measured at market value, are positively correlated over the business cycle in each of the Group of Seven industrialized countries (G7). The close comovement of assets and liabilities, in turn, reflects...
Persistent link: https://www.econbiz.de/10013154331
Cover Image
Decreasing marginal impatience and capital accumulation in a two-country world economy
Hirose, Ken-Ichi; Ikeda, Shinsuke - 2013
This research is the first to examine dynamic general equilibrium in a growing two-country economy under decreasing marginal impatience (DMI). The stability condition is shown to be more restrictive than in the case of an endowment economy and/or under increasing marginal impatience (IMI). By...
Persistent link: https://www.econbiz.de/10009786227
Cover Image
Capital accumulation, vintage and productivity : the Japanese experience
Hagiwara, Taiji; Matsubayashi, Yoichi - In: The Singapore economic review : journal of the Economic … 64 (2019) 3, pp. 747-771
Persistent link: https://www.econbiz.de/10012126471
Cover Image
Convergence, capital accumulation and the nominal exchange rate
Benczur, Peter; Konya, Istvan - In: Journal of International Money and Finance 37 (2013) C, pp. 260-281
This paper develops a flexible price, two-sector growth model with a nominal side to study the role of the exchange rate in transition dynamics. We adopt a standard small open economy model with traded and nontraded goods, where the engines of growth are exogenous productivity improvements and...
Persistent link: https://www.econbiz.de/10010869435
Cover Image
Decreasing marginal impatience and capital accumulation in a two-country world economy
Hirose, Ken-Ichi; Ikeda, Shinsuke - 2013
This research is the first to examine dynamic general equilibrium in a growing two-country economy under decreasing marginal impatience (DMI). The stability condition is shown to be more restrictive than in the case of an endowment economy and/or under increasing marginal impatience (IMI). By...
Persistent link: https://www.econbiz.de/10010332261
Cover Image
Convergence, capital accumulation and the nominal exchange rate
Benczúr, Péter; Kónya, István - 2007
This paper develops a flexible price, two-sector nominal growth model, in order to study the role of the exchange rate regime in capital accumulation (convergence). We adopt a standard model of a small open economy with traded and nontraded goods, and enrich its structure with costly investment...
Persistent link: https://www.econbiz.de/10010322424
Cover Image
Convergence, capital accumulation and the nominal exchange rate
Benczúr, Péter; Kónya, István - Magyar Nemzeti Bank (MNB) - 2007
This paper develops a flexible price, two-sector nominal growth model, in order to study the role of the exchange rate regime in capital accumulation (convergence). We adopt a standard model of a small open economy with traded and nontraded goods, and enrich its structure with costly investment...
Persistent link: https://www.econbiz.de/10005562425
Cover Image
Investment-specific technology shocks and international business cycles : an empirical assessment
Mandelman, Federico S.; Rabanal, Pau; Rubio-Ramírez, … - 2010
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity," "international comovement,"...
Persistent link: https://www.econbiz.de/10008664137
Cover Image
Theory-based measurement of the saving-investment correlation with an application to Norway
Jansen, Willem Jos; Schulze, Günther G. - 1993
We demonstrate that the correlation of saving and investment is measured best by an error correction model (ECM), because theory implies a cointegrating relation between these variables. The ECM comprises all previous specifications as special cases, which are shown to be potentially...
Persistent link: https://www.econbiz.de/10010220230