Growth volatility and technical progress : A simple rent-seeking model
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 159-178 |
| Journal / Publication | Journal of Economics/ Zeitschrift fur Nationalokonomie |
| Volume | 88 |
| Issue number | 2 |
| Publication status | Published - Aug 2006 |
| Externally published | Yes |
Link(s)
Abstract
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 complements the literature that focuses on the heterogeneity of different agents.
Research Area(s)
- Institution, Rent-seeking, Stabilization policy, Technical progress, Volatility of economic growth
Citation Format(s)
Growth volatility and technical progress : A simple rent-seeking model. / Leung, Charles Ka Yui; Tang, Sam Hak Kan; Groenewold, Nicolaas.
In: Journal of Economics/ Zeitschrift fur Nationalokonomie, Vol. 88, No. 2, 08.2006, p. 159-178.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
