Download or read book Vintage Capital Distortions and Development written by Samuel de Abreu Pessôa and published by . This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Schooling and Distortions in a Vintage Capital Model written by Xavier Mateos-Planas and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Asymptotic Behaviour of a Vintage Capital Model of Economic Growth written by Pham Chí Thanh and published by . This book was released on 1967 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Vintage Capital Investment and Growth written by Jess Benhabib and published by . This book was released on 1990 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Vintage Capital Model of Investment and Growth written by Jess J. Benhabib and published by . This book was released on 1989 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Assymptotic Behaviour of a Vintage Capital Model of Economic Growth written by Phan Chi Thanh and published by . This book was released on 1967 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Convergence in Neoclassical Vintage Capital Growth Models written by Brett D. Berger and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most growth models assume capital is homogeneous. This contradicts intuition and empirical evidence that the majority of technology is embodied in the capital stock. Classic papers from the late 1950's and 1960's show that non-optimization models display the same asymptotic growth rates whether technology is embodied (vintage capital) or disembodied. This paper uses new numerical optimization techniques to solve for the entire time paths of the key economic variables for optimization versions of the three main types of vintage capital models. The conclusion is that although steady state growth rates may be the same, the transition paths, especially as characterized by convergence rates, vary greatly between the vintage and non-vintage capital models.
Download or read book The Replacement Problem written by Thomas F. Cooley and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a vintage capital model of economic growth in which the decision to replace old technologies with new ones is modeled explicitly. Depreciation in this environment is an economic, not a physical concept. We describe the balanced growth paths and the transitional dynamics of this economy. We illustrate the importance of vintage capital by analyzing the response of the economy to fiscal policies designed to stimulate investment in new technologies. A revised version of this paper is published in the Journal of Monetary Economics, v. 40, no. 3(December 1997):457-499.
Download or read book Quantifying the Impact of Financial Development on Economic Development written by Jeremy Greenwood and published by DIANE Publishing. This book was released on 2010-10 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this question. The model is calibrated to match facts about the U.S. economy, such as intermediation spreads and the firm-size distribution for the years 1974 and 2004. It is then used to study the international data, using cross-country interest-rate spreads and per-capita GDP. The analysis suggests that a country like Uganda could increase its output by 140 to 180 percent if it could adopt the world's best practice in the financial sector. Still, this amounts to only 34 to 40 percent of the gap between Uganda's potential and actual output. Charts and tables.
Download or read book Macroeconomic Fluctuations and Policies written by Edouard Challe and published by MIT Press. This book was released on 2023-09-19 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic tools for analyzing macroeconomic fluctuations and policies, applied to concrete issues and presented within an integrated New Keynesian framework. This textbook presents the basic tools for analyzing macroeconomic fluctuations and policies and applies them to contemporary issues. It employs a unified New Keynesian framework for understanding business cycles, major crises, and macroeconomic policies, introducing students to the approach most often used in academic macroeconomic analysis and by central banks and international institutions. The book addresses such topics as how recessions and crises spread; what instruments central banks and governments have to stimulate activity when private demand is weak; and what “unconventional” macroeconomic policies might work when conventional monetary policy loses its effectiveness (as has happened in many countries in the aftermath of the Great Recession.). The text introduces the foundations of modern business cycle theory through the notions of aggregate demand and aggregate supply, and then applies the theory to the study of regular business-cycle fluctuations in output, inflation, and employment. It considers conventional monetary and fiscal policies aimed at stabilizing the business cycle, and examines unconventional macroeconomic policies, including forward guidance and quantitative easing, in situations of “liquidity trap”—deep crises in which conventional policies are either ineffective or have very different effects than in normal time. This book is the first to use the New Keynesian framework at the advanced undergraduate level, connecting undergraduate learning not only with the more advanced tools taught at the graduate level but also with the large body of policy-oriented research in academic journals. End-of-chapter problems help students master the materials presented.
Download or read book Money and Capital in Economic Development written by Ronald I. McKinnon and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.
Download or read book Cognitive Governance and the Historical Distortion of the Norm of Modern Development A Theory of Political Asymmetry written by Rueda, Renny and published by IGI Global. This book was released on 2023-11-27 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the world of academic scholarship, there exists a pressing problem that has long confounded researchers and scholars alike. The issue at hand is the glaring gap in our understanding of political asymmetryan elusive concept that holds the key to deciphering how institutions evolve and influence normative constructs within contemporary governance structures. Despite its undeniable relevance, political asymmetry has remained a neglected subject in social science discourse. This omission hampers our capacity to explore the intricate interplay between cultural diversity, normative representations, and political dynamics. As such, a critical void persists in comprehending the complex mechanisms that underpin governance practices in our ever-evolving global landscape. Cognitive Governance and the Historical Distortion of the Norm of Modern Development: A Theory of Political Asymmetry offers an illuminating solution to this enduring problem. This pioneering work presents a comprehensive and meticulously crafted exploration of the concept of political asymmetry, providing both a theoretical taxonomy and an empirical roadmap for scholars eager to delve into uncharted territory. By bridging this knowledge gap, the book equips researchers with the tools needed to redefine how political asymmetry is not only understood but also applied in rigorous social science research. It marks a transformative shift in our approach to political science, enabling us to navigate the labyrinth of contemporary governance structures with newfound clarity.
Download or read book Research Abstracts written by and published by . This book was released on 2000 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Trade Growth and Development written by Pranab Bardhan and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays draws from over thirty years of work by noted economist Pranab Bardhan to address the inter-related themes of international trade, growth, and rural development. Covering a wide range of important issues within the field, these essays describe theoretical and empirical perspectives on economic agents both at the micro and macro levels of the economy in development. Introductions to each of the book's three sections place the articles in perspective and relate them to current research.
Download or read book Economic Growth second edition written by Robert J. Barro and published by MIT Press. This book was released on 2003-10-10 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Download or read book Trade Distortions and Employment Growth in Korea written by Wontack Hong and published by University of Hawaii Press. This book was released on 1979 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph examining effects of export subsidy and trade policies on employment creation in Korea R from the period 1953 to 1977 - discusses the role of state intervention and economic planning in foreign exchange control, export promotion, import substitution, preferential tariffs and tax exemptions (esp. Corporation tax), outlines financial policy with respect to public borrowing, exports, foreign capital and capital cost, etc., and considers implications with regard to employment. Bibliography pp. 271 to 276, references and statistical tables.
Download or read book Tax Policy and Inclusive Growth written by Khaled Abdel-Kader and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-12-04 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy, discussing key choices in the structure of the personal income tax on labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by highlighting the political economy considerations of the issues with concrete recommedtions as to how to implement tax reform.
