Zobrazeno 1 - 10
of 56
pro vyhledávání: '"Akihisa Shibata"'
Publikováno v:
Asian Development Review, Vol 38, Iss 02, Pp 31-57 (2021)
Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importanc
Externí odkaz:
https://doaj.org/article/24b28b887612458689530c8f0217e686
Publikováno v:
Asian Development Review. 38:31-57
Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importanc
Publikováno v:
Studies in Nonlinear Dynamics &.
In this paper, we develop a simple multi-technology overlapping generations model that exhibits a wide variety of economic development patterns. In particular, our numerical simulations demonstrate that for a given set of parameter values, various ty
Publikováno v:
Journal of International Money and Finance. 92:153-176
The current account in developed countries is highly persistent and volatile in comparison to output growth. The standard intertemporal current account model with rational expectations (RE) fails to account for the observed current account dynamics t
Publikováno v:
Journal of Demographic Economics. 85:43-70
This paper reexamines the Serendipity Theorem of Samuelson (1975) from the stability viewpoint, and shows that, for the Cobb–Douglas preference and CES technology, the most-golden golden-rule lifetime state being stable depends on parameter values.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
International Review of Economics & Finance. 56:3-14
We investigate how financial frictions affect across- and within-country income distributions by using a three-country dynamic general equilibrium model. In our model, the first and second countries specialize in producing (country-specific) intermed
Publikováno v:
SSRN Electronic Journal.
A tractable model with infinitely lived agents is constructed for the examination of bubbles and unemployment. It is demonstrated that the presence of bubbles stimulates capital accumulation and reduces unemployment. The presence of bubbles also chan
Publikováno v:
Economic Notes. 45:353-392
Because the predicted human genetic diversity created by Ashraf and Galor (2013a; American Economic Review 103: 1–46) can be considered strictly exogenous in cross-country growth regressions, we use it and its square as instrumental variables for c
Autor:
Akihisa Shibata, Takuma Kunieda
Publikováno v:
Macroeconomic Dynamics. 21:785-816
In this paper, a dynamic general equilibrium model with infinitely lived entrepreneurs and financiers is developed to investigate a possible mechanism that explains business cycles and financial crises. The highest growth rate is achievable only if f