| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3330 |
| DP3330 Aggregate Risk, Political Constraints and Social Security Design | |
| Vincenzo Galasso; Marcello D'Amato | |
| 发表日期 | 2002-04-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | In this Paper we study the competitive equilibria of a two-country endogenous growth model in which the source of growth is the linearity of technology in reproducible inputs. We begin by showing that in a model with no externalities there is a unique equilibrium; however, there are multiple ways in which the social planner can allocate production plans across countries. We then introduce an externality to human capital and we show that the model has multiple equilibria that can be Pareto-ranked. In many of these equilibria there are perfectly foreseen discrete reallocations of capital from one country to another, accompanied by discrete jumps in growth rates. |
| 主题 | International Macroeconomics |
| 关键词 | Endogenous growth Open economy |
| URL | https://cepr.org/publications/dp3330 |
| 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/532354 |
| 推荐引用方式 GB/T 7714 | Vincenzo Galasso,Marcello D'Amato. DP3330 Aggregate Risk, Political Constraints and Social Security Design. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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