EQUILIBRIUM DYNAMICS OF AN ENDOGENOUS GROWTH MODEL WITH AN EROSION EFFECT AND DUPLICATION IN R&D*

2011 ◽  
Vol 80 (6) ◽  
pp. 700-717 ◽  
Author(s):  
MANUEL A. GÓMEZ
Keyword(s):  
Endogenous Growth ◽  
Growth Model ◽  
Equilibrium Dynamics ◽  
Endogenous Growth Model ◽  
Erosion Effect

ANTICIPATED FUTURE CONSUMPTION IN AN ENDOGENOUS GROWTH MODEL

2020 ◽  
pp. 1-37
Author(s):  
Manuel A. Gómez ◽  
Goncalo Monteiro
Keyword(s):  
Theoretical Analysis ◽  
Endogenous Growth ◽  
Growth Model ◽  
Reference Point ◽  
Time Varying ◽  
Standard Specification ◽  
Equilibrium Dynamics ◽  
Current Consumption ◽  
Endogenous Growth Model ◽  
Future Consumption

We devise an endogenous growth model in which agents’ utility depends not only on current consumption but also on the pleasure of anticipated future consumption. We consider the case in which agents derive satisfaction from their own anticipatory feelings—inward-looking or internal anticipation—and the case in which agents derive utility from anticipation of other people’s future consumption—outward-looking or external anticipation. We characterize the effects of introducing a forward-looking consumption reference on the dynamics of the economy. Whereas the inward-looking economy features transitional dynamics, the outward-looking economy does not. The distortions caused by the externality in the economy with external habits can be corrected by subsidizing income at a time-varying rate or by means of a tax on consumption at a decreasing rate. We contrast the equilibrium dynamics of our specification to the more standard specification of the habit formation consumption reference point. Numerical simulations supplement the theoretical analysis.

Equilibrium Dynamics in an Endogenous Growth Model of Money and Banking

2007 ◽  
Vol 39 (7) ◽  
pp. 1683-1710 ◽  
Author(s):  
JUIN-JEN CHANG ◽  
WEN-YA CHANG ◽  
CHING-CHONG LAI ◽  
PING WANG
Keyword(s):  
Endogenous Growth ◽  
Growth Model ◽  
Equilibrium Dynamics ◽  
Endogenous Growth Model

ENDOGENOUS GROWTH MODEL WITH HUMAN CAPITAL ON THE CIRCLE

2020 ◽  
pp. 4-9
Author(s):  
А.В. Королев
Keyword(s):  
Human Capital ◽  
Spatial Structure ◽  
Endogenous Growth ◽  
Explicit Form ◽  
Growth Model ◽  
Main Attention ◽  
Endogenous Growth Model ◽  
Central Plan ◽  
Special Case

В статье рассматривается модель эндогенного роста с человеческим капи-талом на простой пространственной структуре (окружности). Особое вни-мание уделено специальному случаю - комбинации параметров, при кото-рой удаётся получить решение задачи центрального планировщика на окружности в явном виде, что другим авторам не удавалось. In this article the endogenous growth model with human capital on the simple spatial structure (the circle) is considered. We pay main attention to a special case of a combination of parameters for which we were able to solve the central plan-ner problem on the circle in an explicit form, which other authors did not suc-ceed to do.

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