| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2248 |
| DP2248 Moving the Escudo into the Euro | |
| Jorge Braga de Macedo; Francisco Covas; Luís Catela Nunes | |
| 发表日期 | 1999-10-29 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | While the "risk amelioration" literature suggests that risk sharing channels savings into risky but productive technologies and hence favours growth, models focused on precautionary savings reverse this conclusion. We solve, by means of numerical techniques, a model based on human capital accumulation through education, and we find that the increase in precautionary savings makes labour more productive in the goods sector and draws resources from education, which is the "growth leading" activity. Hence, we establish a result favourable to financial integration, even in a model where precautionary savings play an important role. |
| 主题 | International Macroeconomics |
| 关键词 | Education Endogenous growth Human capital Risk-sharing |
| URL | https://cepr.org/publications/dp2248 |
| 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/531346 |
| 推荐引用方式 GB/T 7714 | Jorge Braga de Macedo,Francisco Covas,Luís Catela Nunes. DP2248 Moving the Escudo into the Euro. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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