English, Article, Journal or magazine article edition: Capital accumulation in a model of growth and creative destruction Klaus WAELDE

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Bookmark: http://trove.nla.gov.au/version/178704
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Capital accumulation in a model of growth and creative destruction
Author
  • Klaus WAELDE
Physical Description
  • preprint
Notes
  • 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 householdÕs investment decision in this stochastic continuous-time setup.
  • Creative destruction;Risk averse households;Capital accumulation;Endogenous fluctuations and growth
  • RePEc:ctl:louvir:2002038
Language
  • English
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