EconStor >
Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/48110
  
Title:Capital accumulation in a model of growth and creative destruction PDF Logo
Authors:Wälde, Klaus
Issue Date:2001
Series/Report no.:Dresden discussion paper in economics 09/01
Abstract:Capital accumulation and creative destruction is modeled together with risk-averse households. The novel aspect - risk-averse households - allows to use well-known models not only for analyzing long-run growth as in the literature but also short-run fluctuations. The model remains analytically tractable due to a very convenient property of the household's investment decision in this stochastic continuous-time setup.
Subjects:Creative destruction
Risk averse households
Capital accumulation
Endogenous fluctuations and growth
JEL:E32
O31
O41
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

Files in This Item:
File Description SizeFormat
336679009.pdf241.16 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/48110

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.