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Capital Accumulation Income Distribution And Endogenous Fertility In An Overlapping Generations General Equilibrium Model
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Book Synopsis Capital Accumulation, Income Distribution and Endogenous Fertility in an Overlapping Generations General Equilibrium Model by : Lakshmi K. Raut
Download or read book Capital Accumulation, Income Distribution and Endogenous Fertility in an Overlapping Generations General Equilibrium Model written by Lakshmi K. Raut and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the intertemporal relationships among population growth, income distribution, inter-generational social mobility, skill composition of the labor force, and household income in an overlapping generations general equilibrium model that aggregates household decisions regarding fertility, savings and investment in human capital of children. It shows that as a consequence of endogenous fertility, the equilibrium path attains steady state from the second generation. Income tax transfer, child taxation, and social security taxation policies that can be devised to affect these variables are also analyzed. The model provides a structural explanation for the inverse household income-child quantity and negative child quality-quantity relationships that are observed in developing countries. It also shows that group interests may hinder the emergence of perfect capital markets with private initiatives.
Book Synopsis An Overlapping Generations Model with Endogenous Fertility and Intergenerational Transfers by : Raymond George Batina
Download or read book An Overlapping Generations Model with Endogenous Fertility and Intergenerational Transfers written by Raymond George Batina and published by . This book was released on 1985 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Fertility, Technical Change and Growth in a Model of Overlapping Generations by : L. K. Raut
Download or read book Endogenous Fertility, Technical Change and Growth in a Model of Overlapping Generations written by L. K. Raut and published by . This book was released on 1991 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Finite Lifetimes and Growth by : Larry E. Jones
Download or read book Finite Lifetimes and Growth written by Larry E. Jones and published by . This book was released on 1990 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent literature an endogenous growth models has emphasized the effect that the rate of return has an the capital accumulation decisions and, consequently, on the growth rate of the economy. In most cases the basic model is a variant of the representative agent growth model. The key feature of the infinitely lived agent model is that "substitution effects" dominate, that is, in order to induce individuals to accumulate capital all that is required is a sufficiently high rate of return. In this paper we explore the long run behavior in a model with finite lifetimes -- a version of Diamond's overlapping generations model. Because individuals do not live forever (although the economy does) their level of income as well as the rate of return determine the rate of accumulation. Specifically, we show that for all one sector convex technologies the equilibrium limiting growth rate of the economy is zero. In this setting capital income taxation can have paradoxical effects; it is shown that if the proceeds are used to redistribute income to the young it is possible to have a positive long run growth rate. The effect of the tax rate on the growth rate is not monotonic: for small tax rates the effect is positive, while for sufficiently high rates it is negative. Additionally, income redistribution to the young will normally have positive effects upon the long run growth rate. We then study a two sector growth model and show conditions under which the laissez faire equilibrium displays long run growth. Intuitively, the key property is that the existence of a sector producing investment goods makes it possible that, along a growth path, the relative price of capital decreases sufficiently fast and allows the young to purchase ever increasing quantities of capital. Finally, we show that in an overlawing generations setting, a one sector model can generate growth if the technology displays a nonconvexity, as this is similar to the effect of a decrease in the price of capital: it prevents the ratio of t
Book Synopsis Endogenous Fertility in an Overlapping Generations Growth Model by : Zvi Eckstein
Download or read book Endogenous Fertility in an Overlapping Generations Growth Model written by Zvi Eckstein and published by . This book was released on 1982 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Distribution in Macroeconomic Models by : Giuseppe Bertola
Download or read book Income Distribution in Macroeconomic Models written by Giuseppe Bertola and published by Princeton University Press. This book was released on 2014-09-28 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Book Synopsis Handbook of Mathematical Economics by : Kenneth J. Arrow
Download or read book Handbook of Mathematical Economics written by Kenneth J. Arrow and published by North Holland. This book was released on 1981 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: V.2: Mathematical approaches to microeconomic theory. Mathematical approaches to competitive equilibrium.
Book Synopsis Environmental Research at the Leading Edge by : Alfred B. Gore
Download or read book Environmental Research at the Leading Edge written by Alfred B. Gore and published by Nova Publishers. This book was released on 2007 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The environment is considered the surroundings in which an organism operates, including air, water, land, natural resources, flora, fauna, humans and their interrelation. It is this environment which is both so valuable, on the one hand, and so endangered on the other. And it is people who are by and large ruining the environment both for themselves and for all other organisms. This book reviews the latest research in this field which is vital for everyone.
Book Synopsis New Theories in Growth and Development by : Frank Hahn
Download or read book New Theories in Growth and Development written by Frank Hahn and published by Springer. This book was released on 2016-01-06 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection offers a stimulating and insightful overview of the main issues affecting long-term economic growth. The novelty of this book is that it brings together two strands of economic literature, growth and development theories. The communication between different approaches is crucial as it is increasingly understood that growth hinges upon institutional and policy aspects that are generally neglected in the stylized models of growth but highly relevant for developing countries. Government policies and institution design become central to the explanation of divergent growth paths.
Book Synopsis Inequality and Growth by : Theo S. Eicher
Download or read book Inequality and Growth written by Theo S. Eicher and published by MIT Press. This book was released on 2007-01-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.
Book Synopsis Handbook of Computable General Equilibrium Modeling by : Peter B. Dixon
Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by Newnes. This book was released on 2013-11-14 with total page 1143 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
Book Synopsis Public Capital, Growth and Welfare by : Pierre-Richard Agénor
Download or read book Public Capital, Growth and Welfare written by Pierre-Richard Agénor and published by Princeton University Press. This book was released on 2013 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.
Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra
Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Book Synopsis Journal of Quantitative Economics by :
Download or read book Journal of Quantitative Economics written by and published by . This book was released on 1996 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Center Discussion Paper written by and published by . This book was released on 1992 with total page 702 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Growth Theories in Light of the East Asian Experience by : Takatoshi Ito
Download or read book Growth Theories in Light of the East Asian Experience written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia. The theory explored in this volume attributes the phenomenal economic success of these countries to, among other factors, the role of an outward orientation—a focus on exporting rather than on protecting home markets. In addition, the importance of exchange rate behavior, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital are explored in detail. This collection also examines the extent to which growth in each country became self-sustaining once it began. Demonstrating the relevance of endogenous growth theory for studying this important region, this fourth volume in the NBER-East Asia Seminar on Economics series will be of interest to observers of East Asian affairs.
Download or read book The Indian Economic Journal written by and published by . This book was released on 1992 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:
