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 en
收錄於
會議性質 國際
校內研討會地點 無
研討會時間 20170404~20170406
通訊作者
國別 JPN
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

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/113303 )

SDGS 產業創新與基礎設施