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Dynamic, Multi-Sector CGE Modeling and the Specification of Capital

Wendner, Ronald; Farmer, Karl - 2005

Dynamic multi-sector computable general equilibrium (CGE) models often utilize investment aggregation according to … investment shares by optimal household decisions in a framework with heterogeneous capital? Two models - a model with … heterogeneous capital, and a second model with a capital aggregate (and fixed investment shares) - show that the impact of the same …

Persistent link: https://www.econbiz.de/10014066172

Incomplete Markets, Labor Supply and Capital Accumulation

Marcet, Albert; Obiols-Homs, Francesc; Weil, Philippe - 2003

In this paper we explore the accumulation of capital in the presence of limited insurance against idiosyncratic shocks, borrowing constraints and endogenous labor supply. As in the exogenous labor supply case (e.g. Aiyagari 1994, Huggett 1997), we find that steady states are characterized with...

Persistent link: https://www.econbiz.de/10014086799

The Need for Efficient Investment : Fundamental Analysis and Technical Analysis

Bonga, Wellington Garikai - 2015

Investment opportunities are plenty, but not all are profitable. This papers seeks to clarify the need to make a proper …. Efficient investment involves the use of both fundamental analysis and technical analysis …

Persistent link: https://www.econbiz.de/10013024543

Nowcasting de inversión : una estimación en tiempo real con indicadores de alta frecuencia

Dogliolo, Fiorella - 2018

In this paper I present a real-time estimation of the evolution of the Investment, constructed from a broad set of high … groups of monthly indicators throughout dynamic factor models to forecast Investment growth. Additionally, I conducted a …

Persistent link: https://www.econbiz.de/10011846223

Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...

Persistent link: https://www.econbiz.de/10003779148

Population, pensions, and endogenous economic growth

Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008

Persistent link: https://www.econbiz.de/10003791799

Invest, expropriate, or wait? : expected income and the demand for redistribution

Harms, Philipp; Zink, Stefan - 2000

, but relate such changes to agents' rational investment decisions. -- political economy ; inequality ; redistribution of …

Persistent link: https://www.econbiz.de/10009491074

The quest for status and R&D-based growth

Hof, Franz X.; Prettner, Klaus - 2016

We analyze the impact of status preferences on technological progress and long-run economic growth. For this purpose, we extend the standard relative wealth approach by allowing the two components of the representative household's wealth, physical capital and shares, to differ with respect to...

Persistent link: https://www.econbiz.de/10011422440

The quest for status and R&D-based growth

Hof, Franz X.; Prettner, Klaus - 2016

We analyze the impact of status preferences on technological progress and long-run economic growth within an R&D-based framework. For this purpose, we extend the standard relative wealth approach by allowing the various assets held by households to differ with respect to their status relevance....

Persistent link: https://www.econbiz.de/10011533063

Capital Accumulation in an Economy with Heterogeneous Agents and Moral Hazard

Bohacek, Radim - 2009

This paper studies a closed economy with a continuum of agents and moral hazard. Economic agents in the economy operate a stochastic production technology with capital and labor inputs in which the latter is private information. I characterize efficient allocations of capital, labor, and...

Persistent link: https://www.econbiz.de/10013153097