Money, endogenous fertility and economic growth
نویسندگان
چکیده
منابع مشابه
Economic growth and stagnation with endogenous health and fertility
This article offers a theory of economic growth, stagnation, and demo-economic transition that originates from external effects of childbearing, health expenditure, and education under endogenous mortality. Facing a hierarchy of needs, parents always consume and want to have a family. Child quality, measured as a two-dimensional vector of child health and schooling, becomes only affordable when...
متن کاملEconomic growth under money illusion
Empirical and experimental evidence documents that money illusion is persistent and widespread. This paper incorporates money illusion into a stochastic continuous-time monetary model of endogenous growth. We model an agent’s money illusion behavior by assuming that he maximizes nonstandard utility derived from both nominal and real quantities. Money illusion affects an agent’s perception of th...
متن کاملEndogenous lifetime and economic growth
Conventional wisdom attributes the severity of mortality in poorer countries to widespread poverty and inadequate living conditions. This paper considers the possibility that persistent poverty may arise, in turn, from a high incidence of mortality. Endogenous mortality risk is introduced in a two-period overlapping generations model: probability of survival from the ̄rst period to the next dep...
متن کاملproperty rights and economic growth: an endogenous growth mod
in this paper, we develop a ramsey-type endogenous growth model in which government spending on property rights protection is a major determinant of economic growth. this model includes equations for welfare, private and public sectors production. we introduce the legal efficiency into private production function, and x-inefficiency parameter into public production function. also, we consider t...
متن کاملVelocity of Money, Equilibrium (In)determinacy and Endogenous Growth∗
We show that in a canonical one-sector AK model of endogenous growth with a generalized cash-in-advance constraint, the growth and velocity effects of money are closely related to the local stability properties of the economy’s balanced growth paths. When a positive fraction (excluding 100 percent) of gross investment is subject to the liquidity constraint, the economy displays saddle-path stab...
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: Journal of Macroeconomics
سال: 2003
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2002.09.001