English, Article, Journal or magazine article edition: Growth volatility and technical progress: a simple rent-seeking model Charles Ka-Yui Leung; Sam Hak Kan Tang; Nicolaas Groenewold

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Bookmark: http://trove.nla.gov.au/version/72564
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Growth volatility and technical progress: a simple rent-seeking model
Author
  • Charles Ka-Yui Leung
  • Sam Hak Kan Tang
  • Nicolaas Groenewold
Physical Description
  • preprint
Notes
  • RePEc:chk:cuhked:_174
  • Recent empirical evidence demonstrates that a higher level of technical progress is associated with a lower level of growth volatility and higher expected economic growth. This paper builds a simple growth model which combines the insights of Angeletos and Kollintzas (2000) and Tse (2000, 2001, 2002) with endogenous productivity growth and rent-seeking behavior to account for these stylized facts. Our model also complements the literature that focuses on the heterogeneity of different agents. Future research directions are also discussed.
  • volatility of economic growth, technical progress, rent-seeking, stabilization policy, institution.
  • RePEc:chk:cuhkdc:00016
Language
  • English
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