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Homburg, Stefan - Deutsche Zentralbibliothek für …

The book studies growth paths in an overlapping generations model with land and exhaustible resources as factors of … production. It is shown that land rules out inefficient growth paths. …Das Buch behandelt Wachstumspfade in einem Modell überlappender Generationen mit Land und erschöpfbaren Ressourcen als …

Persistent link: https://www.econbiz.de/10010984755

Efficient economic growth

Homburg, Stefan - 1992

The book studies growth paths in an overlapping generations model with land and exhaustible resources as factors of … production. It is shown that land rules out inefficient growth paths. …

Persistent link: https://www.econbiz.de/10010371128

ARE EAST ASIAN ECONOMIES DYNAMICALLY EFFICIENT?

Ahn, Kookshin - In: Journal of Economic Development 28 (2003) 1, pp. 101-110

This paper investigates dynamic efficiency of major East Asian economies based on the criterion of Abel, Mankiw, Summers and Zeckhauser(1989). It shows that both Korea and Taiwan are not necessarily dynamically efficient since they do not satisfy the sufficient condition of dynamic efficiency....

Persistent link: https://www.econbiz.de/10009351199

Dynamic Efficiency in the Two-Sector Overlapping Generations Model

Cremers, Emily - Department of Economics, Iowa State University - 2006

This paper examines dynamic efficiency in the context of a two-sector overlappinggenerations model. First, conditions for dynamic efficiency in a centrally planned economy arederived. Then, in a competitive environment, the implications of dynamic (in)efficiency for thesteady state relative...

Persistent link: https://www.econbiz.de/10010616495

Macroeconomic Volatility and Trade in OLG Economies

Riche, Antoine Le - 2014

This chapter analyzes the effect of international trade on the local stability properties of economies in a Heckscher-Ohlin free-trade equilibrium. We formulate a two-factor (capital and labor), two-good (consumption and investment), two-country overlapping generations model where countries only...

Persistent link: https://www.econbiz.de/10010962095

Endogenous Business Cycles in OLG Economies with Multiple Consumption Goods

Nourry, Carine; Venditti, Alain - 2014

We consider an OLG economy with two consumption goods. There are two sectors that produce a pure consumption good and a mixed good which can be either consumed or used as capital. We prove that the existence of Pareto optimal expectations-driven fluctuations is compatible with standard sectoral...

Persistent link: https://www.econbiz.de/10010900288

Path dependencies in venture capital markets

Schertler, Andrea - 2002

This paper examines the impact of venture capitalists' reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track record...

Persistent link: https://www.econbiz.de/10010260494

Path Dependencies in Venture Capital Markets

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2002

This paper examines the impact of venture capitalistsÂ’ reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track...

Persistent link: https://www.econbiz.de/10005755187

Dynamic efficiency and intergenerational altruism

Thibault, Emmanuel - In: Review of Economic Dynamics 11 (2008) 3, pp. 679-687

Can dynamic inefficiency that may occur in societies populated by non altruistic agents be removed by introducing intergenerational altruism ? Although the answer (see Abel, 1987, AER or Weil, 1987, JME) seems to be negative, this paper shows, by means of a simple example, that the presence of...

Persistent link: https://www.econbiz.de/10005069635

Dynamic Efficiency in a Two-Sector Overlapping Generations Model

Sen, Partha - Centre for Research into Industry, Enterprise, Finance … - 1997

This paper looks at the conditions under which we may have welfare improving capital accumulation in two-sector two-period overlapping generations models. It is found that both the usual conditions of the rate of interest exceeding the population growth rate and profits exceeding investment may...

Persistent link: https://www.econbiz.de/10005696987

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