Income growth in the 21st century: Forecasts with an overlapping generations model
نویسندگان
چکیده
منابع مشابه
Income Growth in the 21st Century: Forecasts with an Overlapping Generations Model
We forecast income growth over the period 2000-2050 in the US, Canada, and France. To ground the forecasts on relationships that are as robust as possible to changes in the environment, we use a quantitative theoretical approach which consists in calibrating and simulating a general equilibrium model. Compared to existing studies, we allow for life uncertainty and migrations, use generational a...
متن کاملAn Overlapping Generations Model of Growth and the Environment
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
متن کاملAn overlapping-generations model with search
Search is embeded in an overlapping-generations model. Young people participate a centralized market and a decentralized market sequentially and olds only participates the centralized market. The demographic feature allows analytical tractability. In a series examples, positve inflation rates are Pareto optimal. JEL classification: E31
متن کاملWelfare Evaluation of Policies in an Overlapping Generations Growth Model
In the classical growth model, with overlapping generations and continuous time starting at −∞, generically there exist a unique equilibrium in the policy-neighbourhood of any balanced growth equibrium as shown in [4]. Policies are endowment perturbations. In this paper we show that, for any such equilibrium selection, welfare is differentiable, and that the derivative at the balanced growth eq...
متن کاملSustained Growth in the Model of Overlapping Generations
This paper analyzes endogenous economic growth in the model of overlapping generations. There is no bequesl there any externalities. If the t motive, nor are capila the technology is convex, per t growth can occur only if I c economy has at least investment two sectors. This paper shows that the limiting marginal efficiency of I rale determines the potential for growth and that the t of growth ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Forecasting
سال: 2007
ISSN: 0169-2070
DOI: 10.1016/j.ijforecast.2007.07.003