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Investment in a vintage capital model

✍ Scribed by EMILIO BARUCCI; FAUSTO GOZZI


Book ID
112264678
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
383 KB
Volume
52
Category
Article
ISSN
1090-9443

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A computational general equilibrium mode
✍ Loı̈c Cadiou; StΓ©phane DΓ©es; Jean-Pierre Laffargue πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 352 KB

This paper presents a vintage capital model assuming putty-clay investment and perfect foresight. The model is written in discrete time and is simulated by using a second order relaxation algorithm. By computing the eigenvalues of the dynamic system, we have checked the conditions of existence and u