Economic growth with finite lifetimes

被引：6

作者：

Araujo, JT

Martins, MAC

机构：

[1] World Bank, Washington, DC 20433 USA

[2] Fed Senate, Brasilia, DF, Brazil

来源：

ECONOMICS LETTERS | 1999年 / 62卷 / 03期

关键词：

endogenous growth; bequest motive; overlapping generations; capital accumulation; government debt;

D O I：

10.1016/S0165-1765(99)00013-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Finite lifetimes do not preclude sustained growth with a convex technology when agents are finitely-lived and formulate their bequeathing decisions in terms of an absolute bequest motive. In this model the presence of government debt adversely affects the equilibrium rate of growth of the capital stock. (C) 1999 Elsevier Science S.A. All rights reserved.

引用

页码：377 / 381

页数：5

共 10 条

[1] GIVING WITH IMPURE ALTRUISM - APPLICATIONS TO CHARITY AND RICARDIAN EQUIVALENCE [J].