Download or read book Vintage Capital Models of Growth and Fluctuations written by Pham Chi Thanh and published by . This book was released on 1967 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Economic Fluctuations in a Vintage Capital Model written by Wuttipan Tantivong and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ABSTRACT: I use the vintage capital model to study the dynamic response of the economy to changes in technological processes. Technological change is an important factor in determining the growth of productivity and output and in determining the business cycle in United States. Of particular interest is investment-specific technological change or embodied technological change.

Download or read book Endogenous Versus Exogenously Driven Fluctuations in Vintage Capital Models written by Raouf Bouccekkine and published by . This book was released on 1998 with total page 25 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 Vintage Capital in the AK Growth Model written by Giorgio Fabbri and published by . This book was released on 2008 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with an endogenous growth model with vintage capital and, more precisely, with the AK model proposed in [18]. In endogenous growth models the introduction of vintage capital allows to explain some growth facts but strongly increases the mathematical diamp;fficulties. So far, in this approach, the model is studied by the Maximum Principle; here we develop the Dynamic Programming approach to the same problem by obtaining sharper results and we provide more insight about the economic implications of the model. We explicitly amp;find the value function, the closed loop formula that relates capital and investment, the optimal consumption paths and the long run equilibrium. The short run amp;fluctuations of capital and investment andthe relations with the standard AK model are analyzed. Finally the applicability to other models s also discussed.

Download or read book Putty putty Two Sector Vintage Capital Growth Models written by Brett D. Berger and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Solving Optimal Growth Models with Vintage Capital the Dynamic Programming Approach written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with an endogenous growth model with vintage capital and, more precisely, with the AK model proposed in [R. Boucekkine, O. Licandro, L.A. Puch, F. del Rio, Vintage capital and the dynamics of the AK model, J. Econ. Theory 120 (1) (2005) 39-72]. In endogenous growth models the introduction of vintage capital allows to explain some growth facts but strongly increases the mathematical difficulties. So far, in this approach, the model is studied by the Maximum Principle; here we develop the Dynamic Programming approach to the same problem by obtaining sharper results and we provide more insight about the economic implications of the model. We explicitly find the value function, the closed loop formula that relates capital and investment, the optimal consumption paths and the long run equilibrium. The short run fluctuations of capital and investment and the relations with the standard AK model are analyzed. Finally the applicability to other models is also discussed.

Download or read book Capital Accumulation in a Model of Growth and Creative Destruction written by Klaus Wälde and published by . This book was released on 2001 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Comparative Analysis of Vintage and Non vintage Capital Growth Models written by Brett D. Berger and published by . This book was released on 2001 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Boom and Bust Cycle of the Stock Market and Economic Growth in a Vintage Capital Model written by Takeshi Kobayashi and published by . This book was released on 2007 with total page 58 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 2001 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On Investment and Cycles in Explicitely Solved Vintage Capital Models written by Hippolyte d’ Albis and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Vintage Capital and the Theory of the Firm written by Hugh Robert Wills and published by . This book was released on 1974 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Vintage Capital Growth Theory written by Raouf Boucekkine and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 Money Capital Fluctuations written by Friedrich August Hayek and published by Routledge. This book was released on 1984-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On the Theory of Investment in Vintage Capital Models written by D. Peter Broer and published by . This book was released on 1996 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: