教師資料查詢 | 類別: 會議論文 | 教師: 賴錦璋 LAI, CHIN-CHANG (瀏覽個人網頁)

標題:The Possibility of Growth Fluctuation under AK model
學年105
學期2
發表日期2017/04/04
作品名稱The Possibility of Growth Fluctuation under AK model
作品名稱(其他語言)
著者LAI, CHINCHANG
作品所屬單位
出版者
會議名稱2017 International Symposium on Business and Management
會議地點Kyoto, Japanese
摘要This paper mainly shows that capital evolution may display saddle-path convergence even under one-sector AK model when uncertainty is present. A growing economy not only necessarily goes through periods of high and low growth but also must face negative growth rate if shock volatility is considered. Besides, we can derive a close-form solution to demonstrate that the relationship between uncertainty (or Arrow &Pratt relative risk index ) and growth is U-shaped as previous studies indicated under usual parameter setting. The intuition behind this paper comes from the fact that substitution and income effect work together to affect capital evolution when facing risk.
關鍵字AK;Endogenous;Indeterminacy
語言英文
收錄於
會議性質國際
校內研討會地點
研討會時間20170404~20170406
通訊作者
國別日本
公開徵稿
出版型式
出處Proceedings of International Symposium on Business and Management, Vol.6 No.1
相關連結
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