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Optimality Criteria of Economic Growth as Examples of Optimal Resource Allocation Over Time

El-Hodiri, Mohamed Ali - 2015

This is my PhD dissertation defended in 1966 at the University of Minnesota and it was never published. It has been cited and used in other researchers work so I now make it available. The problem of optimal resource allocation over time is formulated as an optimal control problem. This is where...

Persistent link: https://www.econbiz.de/10013030147

Fiscal Policy, Public Capital and Economic Growth

Altar, Moisa - 2008

The effect of public investment on economic growth is a crucial public policy issue. Empirical research into this question was stimulated by Aschauer (1989), who suggested that public capital has a powerful impact on the productivity of private capital.Aschauer's results were controversial and...

Persistent link: https://www.econbiz.de/10012725171

Fiscal and Monetary Policies and Economic Growth

Altar, Moisa - 2008

The paper analyses the way in which monetary and fiscal policy influences the performances of economic growth. The analysis is made on the basis of a dynamic model with discrete variables of the Sidrauski- Brock type, with infinite-lived households and money in the utility function. The model is...

Persistent link: https://www.econbiz.de/10012725227

Reelection, Growth and Public Debt

Raveh, Ohad - 2020

In this work we examine how economic growth affects public debt when interacted with reelection prospects. Reelection considerations shorten political time horizons and give rise to political myopia that exacerbates debt accumulation. That laxer institutional reelection restrictions (e.g. no...

Persistent link: https://www.econbiz.de/10012854312

Empirical Evidence on the Topological Properties of Structural Paths and Some Notes on Its Theoretical Explanation

Stijepic, Denis - 2017

) topological concepts in standard branches of growth and development theory …

Persistent link: https://www.econbiz.de/10012944048

Small-Cost Asymptotics for Long-Term Growth Rates in Incomplete Markets

Melnyk, Yaroslav - 2016

This article provides a rigorous asymptotic analysis of long-term growth rates under both proportional and Morton-Pliska transaction costs. We consider a general incomplete financial market with an unspanned Markov factor process that includes the Heston stochastic volatility model and the...

Persistent link: https://www.econbiz.de/10013005692

Endogenous Economic Growth with Disembodied Knowledge

Marchese, Carla - 2015

Mainstream endogenous growth models assume that new knowledge is embodied into new intermediate or final goods, monopolistically supplied by the patent holder. Recent technological progress, however, often gives rise to pure intellectual contents, such as software codes or business models,...

Persistent link: https://www.econbiz.de/10013010824

Delays in Public Goods

Chatterjee, Santanu - 2017

In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...

Persistent link: https://www.econbiz.de/10012961081

Two Stages of Economic Development

Gong, Gang - 2017

that drive economic growth. The two stages of economic development have been indicated in the growth theory of … macroeconomics and in the various “turning point” theories in development economics, including Lewis's dual economy theory, Kuznets … reveals these two stages. Using the two-stage theory of economic development, we find that the People's Republic of China …

Persistent link: https://www.econbiz.de/10012966411

A revival of budget deficit and economic growth

Mavodyo, Elisha - 2020

South Africa has experienced high budget deficits accompanied by sluggish economic growth over the years. Fears mount that such a trend may worsen due to the advent of the Covid-19. Yet, the effect of budget deficit on economic growth remains one of the widely debated topics in economics. This...

Persistent link: https://www.econbiz.de/10012437617