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International Trade and Net Investment : Theory and Evidence
Valente, Simone; Bretschger, Lucas - 2011
The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an … economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies … expression of net investment derived from a dynamic growth model featuring international trade in different types of resource …
Persistent link: https://www.econbiz.de/10014183904
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International Trade and Net Investment: Theory and Evidence
Bretschger, Lucas; Valente, Simone - 2011
The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an … economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies … expression of net investment derived from a dynamic growth model featuring international trade in different types of resource …
Persistent link: https://www.econbiz.de/10011753208
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International Trade and Net Investment: Theory and Evidence
Bretschger, Lucas; Valente, Simone - CER-ETH Center of Economic Research, Department of … - 2011
The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an … economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies … expression of net investment derived from a dynamic growth model featuring international trade in different types of resource …
Persistent link: https://www.econbiz.de/10008923127
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International trade and net investment : theory and evidence
Bretschger, Lucas; Valente, Simone - In: International economics and economic policy : IEEP 8 (2011) 2, pp. 197-224
Persistent link: https://www.econbiz.de/10009154422
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A generalized Uzawa growth theorem
Casey, Gregory; Horii, Ryo - 2023
both the capital-labor elasticity of substitution and the declining price of investment relative to consumption, In a three …-factor model calibrated to US data, medium-run fluctuations in the investment price explain labor share movements from 1960 …
Persistent link: https://www.econbiz.de/10014451890
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A generalized Uzawa growth theorem and capital-augmenting technological change
Casey, Gregory; Horii, Ryo - 2022
We prove a generalized, multi-factor version of the Uzawa steady-state growth theorem. The theorem implies that neoclassical growth models need at least three factors of production to be consistent with empirical evidence on both the capital-labor elasticity of substitution and the existence of...
Persistent link: https://www.econbiz.de/10012880053
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Capital Accumulation and Dynamic Gains from Trade
Ravikumar, B.; Santacreu, Ana Maria; Sposi, Michael - 2019
investment and the investment rate respond to changes in trade frictions. Relative to a static model, the dynamic welfare gains …
Persistent link: https://www.econbiz.de/10014122654
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Steady-state growth and the elasticity of substitution
Irmen, Andreas - 2010 - This version: February 9, 2010.
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10003931235
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Steady-state growth and the elasticity of substitution
Irmen, Andreas - 2010
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10003938203
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Steady-State Growth and the Elasticity of Substitution
Irmen, Andreas - 2021
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10013316247