Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10011346268
Persistent link: https://www.econbiz.de/10012387184
Persistent link: https://www.econbiz.de/10012615890
Persistent link: https://www.econbiz.de/10011573896
Empirical evidence on the growth benefits of capital inflows is mixed. The growth benefits accruing from capital inflows also appear to be larger for high savings countries. We explain this phenomenon using an OLG model of endogenous growth in open economies with borrowing constraints that can...
Persistent link: https://www.econbiz.de/10009722848
Persistent link: https://www.econbiz.de/10011477894
Persistent link: https://www.econbiz.de/10012615892
Persistent link: https://www.econbiz.de/10014364289
We address the fundamental issues of existence and efficiency of an equilibrium in a Ramsey model with many agents, where agents have heterogeneous discounting, elastic labor supply and face borrowing constraints.The existence of rational bubbles is also tackled. In the first part, we prove the...
Persistent link: https://www.econbiz.de/10013110899
Persistent link: https://www.econbiz.de/10009563777