Self-Fulfilling Prophecies and Business Cycles in a Two-Sector Stochastic Optimal Growth Model

1998 ◽  
pp. 89-124 ◽  
Author(s):  
Mark Weder
Keyword(s):  
Business Cycles ◽  
Growth Model ◽  
Optimal Growth ◽  
Stochastic Optimal Growth

scholarly journals Stochastic optimal growth model with risk sensitive preferences

2018 ◽  
Vol 173 ◽  
pp. 181-200 ◽  
Author(s):  
Nicole Bäuerle ◽  
Anna Jaśkiewicz
Keyword(s):  
Growth Model ◽  
Optimal Growth ◽  
Risk Sensitive ◽  
Stochastic Optimal Growth

On the solution of a stochastic optimal growth model

1991 ◽  
Vol 54 (2) ◽  
pp. 125-142 ◽  
Author(s):  
D. Glycopantis ◽  
A. Muir
Keyword(s):  
Growth Model ◽  
Optimal Growth ◽  
Stochastic Optimal Growth

A stochastic optimal growth model with a depreciation factor

2010 ◽  
Vol 6 (2) ◽  
pp. 283-297
Author(s):  
Shaoyong Lai ◽  
◽  
Yulan Zhou
Keyword(s):  
Growth Model ◽  
Optimal Growth ◽  
Stochastic Optimal Growth

An Optimal Growth Model with Time Lags

Econometrica ◽  
1972 ◽  
Vol 40 (6) ◽  
pp. 1137 ◽  
Author(s):  
Mohamed A. El-Hodiri ◽  
Edna Loehman ◽  
Andrew Whinston
Keyword(s):  
Growth Model ◽  
Optimal Growth ◽  
Time Lags

An Optimal Greenhouse Tax in an Optimal Growth Model

1996 ◽  
Vol 63 (2) ◽  
pp. 418 ◽  
Author(s):  
Kenneth A. Lewis ◽  
Laurence S. Seidman
Keyword(s):  
Growth Model ◽  
Optimal Growth

scholarly journals Education, Income, Wealth Inequality and Business Cycles in a General Equilibrium Growth Model

2020 ◽  
Vol 26 (4) ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Business Cycles ◽  
General Equilibrium ◽  
Growth Model ◽  
Open Economy ◽  
Wealth Inequality ◽  
Learning By Doing ◽  
Government Subsidy ◽  
Wealth Inequalities

The paper is concerned with the dynamic interactions between physical capital, human capital, income and wealth inequalities between different households with government subsidy to education. It generalizes the endogenous growth model of a small-open economy proposed by Zhang (2016). Zhang’s paper deals with income and wealth inequalities between heterogeneous households with government subsidy to education. The paper makes a contribution to the literature of economic growth with endogenous education by integrating Solow-Uzawa’s neoclassical growth theory, Uzawa-Lucas model, Arrow’s learning by doing, Zhang’s creative leisure, and Walrasian general equilibrium theory. The model treats endogenous capital and human capital accumulation as the main engines of economic growth. This study generalizes Zhang’s model by allowing constant coefficients to be time-dependent. We simulate the generalized model to demonstrate existence of business cycles due to various exogenous periodic shocks.

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