What Happens When the Technology Growth Trend Changes? Transition Dynamics, Capital Growth, and the “New Economy”
نویسندگان
چکیده
منابع مشابه
What Happens when the Technology Growth Trend Changes? : Transition Dynamics, Capital Growth and the "New Economy
The rapid increase in U.S. economic growth during the late 1990s inspired speculation that an acceleration in the rate of technological progress had given rise to an increase in potential output growth. This paper considers the transition dynamics associated with such a change using a general equilibrium framework that incorporates stochastic growth trends. The model suggests that transition dy...
متن کاملWhat Happens When the Technology Growth Trend Changes? Transittion Dynamics and Growth Accounting
Rising rates of economic growth during the 1990s have inspired speculation about a shift in the underlying growth rates of technology and productivity. This paper considers the adjustment dynamics of such a change in a basic neoclassical framework that incorporates stochastic growth. Simulations of the model suggest that the dynamics of capital stock adjustment in response to changing growth pa...
متن کاملWhat Happens When the Productivity Growth Trend Changes?
Recent evidence of an increase in the trend rate of productivity growth inspires speculation about how a change in the underlying process of technological progress might be associated with adjustment dynamics. This paper considers such dynamics in the framework of a computable general equilibrium model that incorporates stochastic growth. Simulations of the model suggest that transition dynamic...
متن کاملan investigation about the relationship between insurance lines and economic growth; the case study of iran
مطالعات قبلی بازار بیمه را به صورت کلی در نظر می گرفتند اما در این مطالعه صنعت بیمه به عنوان متغیر مستفل به بیمه های زندگی و غیر زندگی شکسته شده و هم چنین بیمه های زندگی به رشته های مختلف بیمه ای که در بازار بیمه ایران سهم قابل توجهی دارند تقسیم میشود. با استفاده از روشهای اقتصاد سنجی داده های برای دوره های 48-89 از مراکز ملی داده جمع آوری شد سپس با تخمین مدل خود بازگشتی برداری همراه با تعدادی ...
15 صفحه اولInvestigating and analyzing the role of human capital, structural changes and their interaction on economic growth
Economic growth is one of the main goals of societies, in which economic well-being is achieved. So far, various theories have been proposed regarding the factors influencing economic growth. However, in this study, using an econometric model, the role of human capital and structural changes on economic growth were investigated simultaneously. The case study was conducted during the period of 1...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2002
ISSN: 1094-2025
DOI: 10.1006/redy.2002.0169