| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16522 |
| DP16522 The Neoclassical Model and the Welfare Costs of Selection | |
| Fabrice Collard; Omar Licandro | |
| 发表日期 | 2021-09-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper embeds firm dynamics into the Neoclassical model and provides a simple framework to solve for the transitional dynamics of economies moving towards more selection. As in the Neoclassical model, markets are perfectly competitive, there is only one good and two production factors (capital and labor). At equilibrium, aggregate technology is Neoclassical, but the average quality of capital and the depreciation rate are both endogenous and positively related to selection. At steady state, output per capita and welfare both raise with selection. However, the selection process generates transitional welfare losses that may reduce in around 60% long term (consumption equivalent) welfare gains. The same property is shown to be true in a standard general equilibrium model with entry and fixed production costs. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Firm dynamics and selection Neoclassical model Capital irreversibility Investment distortions Transitional dynamics Welfare gains |
| URL | https://cepr.org/publications/dp16522 |
| 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/545477 |
| 推荐引用方式 GB/T 7714 | Fabrice Collard,Omar Licandro. DP16522 The Neoclassical Model and the Welfare Costs of Selection. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Fabrice Collard]的文章 |
| [Omar Licandro]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Fabrice Collard]的文章 |
| [Omar Licandro]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Fabrice Collard]的文章 |
| [Omar Licandro]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
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。
