| 来源类型 | FEEM working papers "Note di lavoro" series
|
| 规范类型 | 论文
|
| Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy |
| Alberto Petrucci
|
| 发表日期 | 2004
|
| 出处 | Economy and Society
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | This paper shows that the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount rate. The transient dynamics are obtained since fertility, which enters the Euler equation, renders the growth of the marginal utility of wealth strictly interconnected with wealth accumulation. The comparative dynamics are studied for two exogenous shocks: an increase in thrift, which changes fertility and capital formation permanently, and an increase in government spending, which alters fertility and capital stock temporarily. |
| 特色分类 | E21,E62,H22
|
| 关键词 | Endogenous population,Capital accumulation,Current account,Transitional dynamics
|
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/asset-accumulation-fertility-choice-and-nondegenerate-dynamics-in-a-small-open-economy/
|
| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117072
|
推荐引用方式
GB/T 7714 |
Alberto Petrucci. Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy. 2004.
|
|
文件名：
|
NDL2004-121.pdf
|
|
格式：
|
Adobe PDF
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
