scholarly journals OPEN ECONOMY GROWTH MODEL WITH HUMAN CAPITAL AND PUBLIC DEBT

2019 ◽  
Author(s):  
Michał Konopczyński
Keyword(s):  
Human Capital ◽  
Growth Model ◽  
Open Economy ◽  
Public Debt ◽  
Economy Growth ◽  
Open Economy Growth

Convergence in an open‐economy growth model

1998 ◽  
Vol 32 (2) ◽  
pp. 107-127
Author(s):  
Brian Bourdôt ◽  
Mike Frith ◽  
Graeme Wells
Keyword(s):  
Growth Model ◽  
Open Economy ◽  
Economy Growth ◽  
Open Economy Growth

scholarly journals Optimal saving and sustainable foreign debt

2021 ◽  
Vol 57 (2) ◽  
pp. 170-199
Author(s):  
Delano Villanueva ◽  
Roberto Mariano
Keyword(s):  
Open Economy ◽  
Emerging Market ◽  
Foreign Debt ◽  
Learning By Doing ◽  
Domestic Saving ◽  
Economy Growth ◽  
Intertemporal Consumption ◽  
Saving Rates ◽  
Optimal Saving ◽  
Open Economy Growth

This paper develops and discusses an open-economy growth model in a modi!ed Arrow learning-by-doing framework, in which workers learn through experience on the job, thereby increasing their productivity. Applying optimal control to maximize the discounted stream of intertemporal consumption, the model yields domestic saving rates of 18-22 percent of GDP, which are feasible targets in developing and emerging market economies. Sustainable gross foreign debt is in the range of 39-50 percent of GDP. Saving, debt, and growth policies are suggested.

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.

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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