منابع مشابه
Capital Accumulation and space economy in Iran
Introduction The accumulation of capital is being considered as a major driving force as far as the development is concerned. The mechanism of this accumulation implemented during three processes. Capital accumulation within different historical and geographical setting results in special locational forms known as space economy. Historical experiences with respect to capital accumulation in ...
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In this paper, I examine a model economy with production, search, and unemployment insurance. The introduction of capital into the economy of Wang and Williamson (2001) generates the result that optimal replacement ratios are always zero. The result arises from the decline in aggregate activity caused by unemployment insurance: both capital and labor inputs to production fall when benefits rise...
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This paper studies the impact of the preferential tax treatment of housing capital in a model economy that includes the main housing tax provisions currently in place in the U.S. and a minimum downpayment requirement upon purchasing non-divisible houses. Distortions arise because the tax code makes the return on housing capital larger than that on business capital. The wedge between the two rat...
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We develop a dynamic general equilibrium model of capital accumulation where credit is intermediated by banks operating in a Cournot oligopoly. The number of banks affects capital accumulation through two channels. First, it affects the quantity of credit available to entrepreneurs. Second, it affects banks’ decisions to collect costly information about entrepreneurs, and thus determines the ef...
متن کاملCapital Accumulation with Interdependent Countries
What are the implications of cross-country interdependencies for capital accumulation? I tackle this question by introducing bilateral international externalities into a neoclassical growth model with n otherwise standard economies. In particular, I ask under which conditions there exists a unique steady state and when such a steady state is locally stable. I present a stability proof that uses...
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ژورنال
عنوان ژورنال: Keiei Shigaku (Japan Business History Review)
سال: 1977
ISSN: 1883-8995,0386-9113
DOI: 10.5029/bhsj.12.3_1