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Essays in macroeconomics, finance an...

Camilo Vincent, Gustavo Jose.

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Essays in macroeconomics, finance and growth.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Essays in macroeconomics, finance and growth./
作者:	Camilo Vincent, Gustavo Jose.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2016,
面頁冊數:	124 p.
附註:	Source: Dissertation Abstracts International, Volume: 77-11(E), Section: A.
Contained By:	Dissertation Abstracts International77-11A(E).
標題:	Economic theory. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10134984
ISBN:	9781339929170

Essays in macroeconomics, finance and growth.
Camilo Vincent, Gustavo Jose.

Essays in macroeconomics, finance and growth. - Ann Arbor : ProQuest Dissertations & Theses, 2016 - 124 p.

Source: Dissertation Abstracts International, Volume: 77-11(E), Section: A.

Thesis (Ph.D.)--University of Pennsylvania, 2016.

This dissertation studies the growth process from two different approaches. First, the measurement of misallocation of production inputs in China is analyzed within the context of a dynamic investment model that presents adjustment costs, with the purpose of assessing how much of the measured misallocation arises due to the presence of these costs. Given that these are technological constraints, rather than imperfections in markets or distortions arising from sub-optimal institutional features of a country, these are unavoidable. Thus, the potential aggregate productivity gains that would arise in a static model if inputs were perfectly allocated are over estimated, as these would be faced also by a social planner. Second, the product cycle as a feature of economic growth is studied. Using historical data from the United States, a model where growth occurs through innovations where production and entry-exit dynamics is estimated, and we use it to learn about the features of the product cycle: the number of firms operating in a sector peaks at 19 years and the number of firms that they imply varies greatly, yet how much output they imply is much more compact.

ISBN: 9781339929170Subjects--Topical Terms:

1556984
Economic theory.

Essays in macroeconomics, finance and growth.
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