Consumption and capital growth
Capital growth, at large scales only, arrives with no help from net saving, and consequently with no help from consumption constraint. Net saving, at large scales, is sacrifice of consumption with nothing in return.
Code (0)
등록된 구현이 없습니다.
Similar Papers 제목 키워드 기반
Sources of capital growth
Data from national accounts show no effect of change in net saving or consumption, in ratio to market-value capital, on change in growth rate of market-value capital (capital acceleration). Thus it appears that capital g…
Asset Prices and Capital Share Risks: Theory and Evidence
An asset pricing model using long-run capital share growth risk has recently been found to successfully explain U.S. stock returns. Our paper adopts a recursive preference utility framework to derive an heterogeneous ass…
Impact of Public and Private Investments on Economic Growth of Developing Countries
This paper aims to study the impact of public and private investments on the economic growth of developing countries. The study uses the panel data of 39 developing countries covering the periods 1990-2019. The study was…
A non-invariance result for the spatial AK model
This paper deals with the positivity condition of an infinite-dimensional evolutionary equation, associated with a control problem for the optimal consumption over space. We consider a spatial growth model for capital, w…
Baumol's Climate Disease
We investigate optimal carbon abatement in a dynamic general equilibrium climate-economy model with endogenous structural change. By differentiating the production of investment from consumption, we show that social cost…