haku: @author Nishimura, K. / yhteensä: 11
viite: 7 / 11
| Tekijä: | Baierl, G. Nishimura, K. Yano, M. |
| Otsikko: | The role of capital depreciation in multi-sectoral models |
| Lehti: | Journal of Economic Behavior and Organization
1998 : JAN 15, VOL. 33:3-4, p. 467-480 |
| Asiasana: | MODELS ECONOMIC BEHAVIOUR ROLES CAPITAL |
| Kieli: | eng |
| Tiivistelmä: | This study investigates the role of capital depreciation in economic fluctuations that may appear in multi-sectoral models of optimal growth. In the standard literature on non-linear optimal dynamics, it has been assumed that capital depreciates completely within a period. This study, in contrast, deals with the case in which capital depreciates slowly (more precisely, only by a certain percentage). The authors adopt the standard two-sector model with Cobb-Douglas production functions and characterize the dynamics around the stationary state. |
SCIMA