Emergence of Chaos from Neoclassical Growth

Emergence of Randomness from Chaos

HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers. L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau...

Neoclassical Growth Model

4 Quantitative Analysis 7 4.1 Steady state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 4.2 Optimal saving rate at steady state . . . . . . . . . . . . . . . . . . . . . . . . . . 8 4.3 Balanced growth path . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 4.4 Calibration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Stochastic Neoclassical Growth Model

Exploring Knowledge Emergence: From Chaos to Organizational Knowledge

This paper explores the emergent nature of organizational knowledge, which has not been addressed sufficiently in the current Knowledge Management (KM) research. For the task, we reconsider the concept of knowledge by looking at four distinct discourses on knowledge; namely, knowledge as object, knowledge as interpretation, knowledge as process, and knowledge as relationship. Then the fundament...

Convergence in Neoclassical Vintage Capital Growth Models

Most growth models assume capital is homogeneous. This contradicts intuition and empirical evidence that the majority of technology is embodied in the capital stock. Classic papers from the late 1950’s and 1960’s show that non-optimization models display the same asymptotic growth rates whether technology is embodied (vintage capital) or disembodied. This paper uses new numerical optimization t...