| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP592 |
| DP592 On the Many Kinds of Growth | |
| Costas Foulides; Zvi Eckstein; Tryphon Kollintzas | |
| 发表日期 | 1991-12-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | In this paper we synthesize exogenous and endogenous sources of economic growth in a stochastic dynamic general equilibrium model. Endogenous growth can be engendered by internal constant returns to scale or by external increasing returns to scale in the production of human capital or in the production of goods. We provide existence and characterization results for a recursive competitive equilibrium. We show how the different sources of growth combine to generate a plethora of potential growth patterns. Of special interest are the possibilities of steady-state exogenous growth with transitional dynamics dictated by endogenous growth and vice versa. We also characterize the social optimum and a tax-subsidy scheme that supports the social optimum as a recursive competitive equilibrium. |
| 主题 | International Macroeconomics |
| 关键词 | Endogenous growth Exogenous growth Recursive competitive equilibrium Social optimum |
| URL | https://cepr.org/publications/dp592 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529757 |
| 推荐引用方式 GB/T 7714 | Costas Foulides,Zvi Eckstein,Tryphon Kollintzas. DP592 On the Many Kinds of Growth. 1991. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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