Endogenous growth and time-to-build: The AK case

Journal of Economic Dynamics and Control

Volumn 32, Issue 4, 2008, Pages 1015-1040

  Bambi, Mauro ^a  

^a EUROPEAN UNIVERSITY INSTITUTE   (Italy)

Author keywords

AK model; D subdivision method; Time to build

Indexed keywords

EID: 40649112378     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2007.04.002     Document Type: Article

References (26)

1. Asea P., and Zak P. Time-to-build and cycles. J. Econ. Dyn. Control 23 (1999) 1155-1175
2. Asl F.M., and Ulsoy A.G. Analysis of a system of linear delay differential equations. J. Dyn. Syst. Meas. Control 125 (2003) 215-223
3. Barro R.J., and Sala-i-Martin X. Economic Growth. second ed. (2004), MIT Press, Cambridge
4. Benhabib J., and Rustichini A. Vintage capital, investment and growth. Journal of Econ. Theory 55 (1991) 323-339
5. Bellman R., and Cooke K. Differential-Difference Equations (1963), Academic Press, New York
6. Belz M.H., and James R.W. The significance of the characteristic solutions of mixed difference and differential equations. Econometrica 6 4 (1938) 326-343
7. Blanchard O., and Simon J. The long and large decline in U.S. output volatility. Brookings Pap. Econ. Act. 1 (2000) 135-147
8. Boucekkine R., Germain M., and Licandro O. Replacement echoes in the vintage capital growth model. J. Econ. Theory 74 (1997) 333-348
9. Boucekkine R., Licandro O., Puch L., and del Rio F. Vintage capital and the dynamics of the AK model. J. Econ. Theory 120 (2005) 39-72
10. Burnside C., and Eichenbaum M. Factor-hoarding and the propagation of business cycle shocks. Am. Econ. Rev. 86 (1996) 1154-1174
11. Casares M. Time-to-build, monetary shocks, and aggregate fluctuations. J. Monetary Econ. 53 (2006) 1161-1176
12. Collard, F., Licandro, O., Puch, L. 2004. The short-run dynamics of optimal growth models with delays. EUI mimeo.
13. El'sgol'ts L.E., and Norkin S.B. Introduction to the Theory and Application of Differential Equations with Deviating Arguments (1973), Academic Press, New York
14. Frisch R., and Holme H. The characteristic solutions of a mixed difference and differential equation occurring in economic dynamics. Econometrica 3 2 (1935) 225-239
15. Greenwood J., Hercowitz Z., and Huffman G.W. Investment, capacity utilization, and the real business cycle. Am. Econ. Rev. 78 3 (1988) 402-417
16. Hayek F.A. The Pure Theory of Capital (1940), Routledge & Kegan Paul, London
17. Hayes N.D. Roots of the transcendental equation associated with a certain difference-differential equation. J. London Math. Soc. 25 (1950) 226-232
18. Jevons W.S. The Theory of Political Economy (1871), A.M. Kelly
19. Kalecki M. A macroeconomic theory of the business cycle. Econometrica 3 3 (1935) 327-344
20. Kydland F.E., and Prescott E.C. Time-to-build and aggregate fluctuations. Econometrica 50 6 (1982) 1345-1370
21. Kolmanovskii V.B., and Myshkis A. Introduction to the Theory and Applications of Functional Differential Equations (1998), Kluwer Academic Publishers, Dordrecht
22. Kolmanovskii V.B., and Nosov V.R. Stability of Functional Differential Equations (1986), Academic Press, New York
23. McConnell M.M., and Perez-Quiros G. Output fluctuations in the United States: what has changed since the early 1980's?. Am. Econ. Rev. 90 5 (2000) 1464-1476
24. Ramey G., and Ramey V.A. Cross-country evidence on the link between volatility and growth. Am. Econ. Rev. 85 5 (1995) 1138-1151
25. Rustichini A. Hopf bifurcation for functional differential equation of mixed type. J. Dyn. Differential Equation 1 20 (1989) 145-177
26. Turnovsky S.J., and Chattopadhyay P. Volatility and growth in developing economies: some numerical results and empirical evidence. J. Int. Econ. 59 (2003) 267-295