Arbeitspapier
Endogenous business cycles and growth
Current explanations why a growing economy necessarily goes through booms and recessions predict countercyclical R&D investment. As this is very controversial from an empirical perspective, a stochastic Poissonmodel of endogenous business cycles and growth is presented where the determinants of the cyclical behaviour of R&D investment are analytically studied. Providing an explicit expression for the expected length of a cycle shows that high frequency fluctuations can indeed be understood by this approach. It is also shown how small technological improvements translate into large aggregate fluctuations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Dresden Discussion Paper Series in Economics ; No. 12/03
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
One, Two, and Multisector Growth Models
- Thema
-
Endogenous fluctuations and growth
Uncertainty under continuous time
Real Business Cycle
Forschung
Investition
Technischer Fortschritt
Stochastisches Wachstumsmodell
Mehr-Sektoren-Modell
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wälde, Klaus
- Ereignis
-
Veröffentlichung
- (wer)
-
Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
- (wo)
-
Dresden
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wälde, Klaus
- Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
Entstanden
- 2003
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