scholarly journals Asset Bubbles and Endogenous Growth

10.3386/w4004 ◽  
1992 ◽  
Author(s):  
Noriyuki Yanagawa ◽  
Gene Grossman
Keyword(s):  
Endogenous Growth ◽  
Asset Bubbles

scholarly journals Asset bubbles and endogenous growth

1993 ◽  
Vol 31 (1) ◽  
pp. 3-19 ◽  
Author(s):  
Gene M. Grossman ◽  
Noriyuki Yanagawa
Keyword(s):  
Endogenous Growth ◽  
Asset Bubbles

scholarly journals Asset Bubbles, Endogenous Growth, and Financial Frictions

2016 ◽  
Vol 84 (1) ◽  
pp. 406-443 ◽  
Author(s):  
Tomohiro Hirano ◽  
Noriyuki Yanagawa
Keyword(s):  
Endogenous Growth ◽  
Financial Frictions ◽  
Asset Bubbles

ASSET BUBBLES AND ECONOMIC GROWTH UNDER ENDOGENOUS MARKET STRUCTURE

2017 ◽  
Vol 23 (06) ◽  
pp. 2338-2359 ◽  
Author(s):  
Kizuku Takao
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Market Structure ◽  
Endogenous Growth ◽  
Firm Size ◽  
Asset Bubbles ◽  
Endogenous Growth Model ◽  
Endogenous Market Structure ◽  
Number Of Firms

By considering a simple endogenous growth model, we propose a new theoretical channel through which the presence of asset bubbles can promote economic growth. In the model economy, long-lived value-maximizing firms continuously improve the quality of their specific products through in-house research and development (R&D), while simultaneously new firms enter into the market. The key feature is endogenous market structure: The number of firms is endogenously determined, which leads to variation in firm size measured in terms of the scale of production at the level of an individual firm. The presence of asset bubbles unambiguously gives rise to larger firms. This allows in-house R&D expenditure to be spread over the greater numbers of goods that the firms produce, which can increase incentives to undertake in-house R&D.

DYNAMICS OF TAXES, PUBLIC SERVICES, AND ENDOGENOUS GROWTH

2001 ◽  
pp. 1-15
Author(s):  
Hyun Park ◽  
Apostolis Philippopoulos
Keyword(s):  
Endogenous Growth ◽  
Public Services

"Investor Myopia" in Post Keynesian Theory and in the Russian Economy

2006 ◽  
pp. 71-82 ◽  
Author(s):  
I. Rozmainsky
Keyword(s):  
Endogenous Growth ◽  
Institutional Economics ◽  
Institutional Environment ◽  
Transitional Economy ◽  
Transition Economics ◽  
Keynesian Economics ◽  
Russian Economy ◽  
Fundamental Uncertainty ◽  
High Degree ◽  
Negative Growth

The article examines the issues concerning links between institutional economics, Post Keynesian economics, models of endogenous growth and transition economics. The author considers interrelations between ineffective institutional environment, too high degree of fundamental uncertainty, investor myopia and resulting decrease in investment and "negative" growth in Russia’s transitional economy.

Post-Keynesian Macroeconomics: Basic Perspectives

2006 ◽  
pp. 19-31 ◽  
Author(s):  
I. Rozmainsky
Keyword(s):  
Economic Policy ◽  
Endogenous Growth ◽  
Financial Fragility ◽  
Russian Economy ◽  
Endogenous Money

The paper considers basic perspectives of post-Keynesian macroeconomics. The author describes post-Keynesian views on theories of durables choice, endogenous money, financial fragility, hysteresis, conflict inflation and endogenous growth. The paper shows distinctions of post-Keynesian approach from both neoclassical tradition and other branches of Keynesianism. The author examines links between post-Keynesian macroeconomics and macroeconomics of Keynes. The paper also considers post-Keynesian views on economic policy and analyzes the relevance of post-Keynesian approach for the post-Soviet Russian economy.

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