Burying America's Malls: Cyclical Capital, Commodity, and Creative Destruction
نویسندگان
چکیده
منابع مشابه
Creative Destruction, Capital Accumulation, and Employment Cycles
A Schumpeterian growth model is constructed for an economy where wages are determined by union-firm bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at which moment they fall sharply due to obsolescence of capital. The labour...
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Building on a model of endogenous innovation à la Romer, we analyze the link between legal institutions, innovation and growth. As in Anderlini, Felli and Riboni (2007), we suppose that law-makers are benevolent and we compare two legal systems: a rigid system, where an uncontingent law is written in a statute ex ante (that is, before knowing the state of the technology that will take place) an...
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ژورنال
عنوان ژورنال: North Texas Journal of Undergraduate Research
سال: 2021
ISSN: 2642-262X
DOI: 10.12794/journals.ntjur.v2i1.205