Investment for Patience in an Endogenous Growth Model
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Gary S. Becker & Casey B. Mulligan, 1997.
"The Endogenous Determination of Time Preference,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 729-758.
- Becker, G.S. & Mulligan, C.B., 1994. "On the Endogenous Determination of Time Preference," University of Chicago - Economics Research Center 94-2, Chicago - Economics Research Center.
- Becker, Gary S. & Mulligan, Casey B., 1994. "On the Endogenous Determination of Time Preference," Working Papers 98, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Bian, Yong & Meng, Qinglai, 2004. "Preferences, endogenous discount rate, and indeterminacy in a small open economy model," Economics Letters, Elsevier, vol. 84(3), pages 315-322, September.
- Meng, Qinglai, 2006. "Impatience and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2671-2692, December.
- Fumio Hayashi, 1985.
"The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(4), pages 1083-1113.
- Fumio Hayashi, 1984. "The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data," NBER Working Papers 1305, National Bureau of Economic Research, Inc.
- Palivos, Theodore & Wang, Ping & Zhang, Jianbo, 1997. "On the Existence of Balanced Growth Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(1), pages 205-224, February.
- Epstein, Larry G., 1983. "Stationary cardinal utility and optimal growth under uncertainty," Journal of Economic Theory, Elsevier, vol. 31(1), pages 133-152, October.
- Epstein, Larry G., 1987. "A simple dynamic general equilibrium model," Journal of Economic Theory, Elsevier, vol. 41(1), pages 68-95, February.
- Heaton, John, 1993. "The Interaction between Time-Nonseparable Preferences and Time Aggregation," Econometrica, Econometric Society, vol. 61(2), pages 353-385, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kawagishi, Taketo, 2014. "Investment for patience in an endogenous growth model," Economic Modelling, Elsevier, vol. 42(C), pages 508-515.
- Kawagishi, Taketo, 2012. "Endogenous time preference, investment externalities, and equilibrium indeterminacy," Mathematical Social Sciences, Elsevier, vol. 64(3), pages 234-241.
- Orlando Gomes, 2008. "Time Preference and Cyclical Endogenous Growth in an AK Growth Model," Notas Económicas, Faculty of Economics, University of Coimbra, issue 28, pages 32-55, December.
- Akihiko Yanase & Yukio Karasawa-Ohtashiro, 2019. "Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy," Journal of Economics, Springer, vol. 126(2), pages 153-177, March.
- Zhang Wei-Bin, 2013. "Habit Formation and Preference Change with Capital and Renewable Resources," Business Systems Research, Sciendo, vol. 4(2), pages 108-125, December.
- Wei-Bin Zhang, 2013. "Dynamic Interactions among Growth, Environmental Change, Habit Formation, and Preference Change," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 3(1), pages 3-25, December.
- Chen, Been-Lon & Hsu, Mei, 2009. "Consumption externality, efficiency and optimal taxation in one-sector growth model," Economic Modelling, Elsevier, vol. 26(6), pages 1328-1334, November.
- Been‐Lon Chen & Mei Hsu & Chia‐Hui Lu, 2008.
"Inflation and Growth: Impatience and a Qualitative Equivalence,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
- Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2008. "Inflation and Growth: Impatience and a Qualitative Equivalence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
- Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Inflation and Growth: Impatience and a Qualitative Equivalence," IEAS Working Paper : academic research 07-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Gomes, Orlando, 2007. "Time preference and cyclical endogenous growth," MPRA Paper 3282, University Library of Munich, Germany.
- ZHANG, Wei-Bin, 2013. "Habit Formation And Preference Change In A Twosector Growth Model With Elastic Labor Supply," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(2), pages 3-20, May.
- Wei-Bin ZHANG, 2012. "Habits, Saving Propensity, And Economic Growth," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 11(2), pages 3-15.
- Taketo Kawagishi & Kazuo Mino, 2012. "Time Preference and Long-Run Growth: the Role of Patience Capital," Economics Bulletin, AccessEcon, vol. 32(4), pages 3243-3249.
- Yanase, Akihiko, 2011. "Impatience, pollution, and indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1789-1799, October.
- Takashi Hayashi, 2020. "Investment in time preference and long-run distribution," The Japanese Economic Review, Springer, vol. 71(2), pages 171-190, April.
- Ken-Ichi Hirose & Shinsuke Ikeda, 2015.
"Decreasing Marginal Impatience and Capital Accumulation in a Two-Country World Economy,"
Metroeconomica, Wiley Blackwell, vol. 66(3), pages 474-507, July.
- Ken-Ichi Hirose & Shinsuke Ikeda, 2013. "Decreasing Marginal Impatience and Capital Accumulation in a Two-country World Economy," ISER Discussion Paper 0882, Institute of Social and Economic Research, Osaka University.
- Schumacher, Ingmar, 2011.
"Endogenous discounting and the domain of the felicity function,"
Economic Modelling, Elsevier, vol. 28(1-2), pages 574-581, January.
- Schumacher, Ingmar, 2011. "Endogenous discounting and the domain of the felicity function," Economic Modelling, Elsevier, vol. 28(1), pages 574-581.
- Chu, Hsun & Lai, Ching-chong & Liao, Chih-hsing, 2016.
"A Note On Environment-Dependent Time Preferences,"
Macroeconomic Dynamics, Cambridge University Press, vol. 20(6), pages 1652-1667, September.
- Chu, Hsun & Lai, Ching-Chong & Liao, Chih-Hsing, 2012. "A Note on Environment-dependent Time Preferences," MPRA Paper 59719, University Library of Munich, Germany, revised Nov 2014.
- Donald S. Kenkel & Ping Wang, 1999.
"Are Alcoholics in Bad Jobs?,"
NBER Chapters, in: The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research, pages 251-278,
National Bureau of Economic Research, Inc.
- Don Kenkel & Ping Wang, 1998. "Are Alcoholics in Bad Jobs?," NBER Working Papers 6401, National Bureau of Economic Research, Inc.
- Das, Mausumi, 2003. "Optimal growth with decreasing marginal impatience," Journal of Economic Dynamics and Control, Elsevier, vol. 27(10), pages 1881-1898, August.
- Vella, Eugenia & Dioikitopoulos, Evangelos V. & Kalyvitis, Sarantis, 2015.
"Green Spending Reforms, Growth, And Welfare With Endogenous Subjective Discounting,"
Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1240-1260, September.
- Eugenia Vella & Evangelos V. Dioikitopoulos & Sarantis Kalyvitis, 2012. "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting," DEGIT Conference Papers c017_045, DEGIT, Dynamics, Economic Growth, and International Trade.
- Eugenia Vella & Evangelos Dioikitopoulos & Sarantis Kalyvitis, 2013. "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting," DEOS Working Papers 1335, Athens University of Economics and Business.
More about this item
Keywords
One-sector AK model; Endogenous time preference; Multiple balanced growth path equilibria; Subsidy policy;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2012-04-17 (Dynamic General Equilibrium)
- NEP-ENV-2012-04-17 (Environmental Economics)
- NEP-FDG-2012-04-17 (Financial Development and Growth)
- NEP-MAC-2012-04-17 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kyo:wpaper:814. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Makoto Watanabe (email available below). General contact details of provider: https://edirc.repec.org/data/iekyojp.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.