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Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
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http://hdl.handle.net/10419/48110
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| Title: | | Capital accumulation in a model of growth and creative destruction  |
| 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
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