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第 98 頁
The productivity of capital, and thus the interest rate, is determined by the rate of
time preference plus the exogenous population growth rate. The golden and the
modified golden rule are important in order to assess the dynamic efficiency of ...
The productivity of capital, and thus the interest rate, is determined by the rate of
time preference plus the exogenous population growth rate. The golden and the
modified golden rule are important in order to assess the dynamic efficiency of ...
第 6 頁
The preferences of household h are represented by the expected lifetime utility
expressed as: 00 Y,i?Eo(U(cti)), (1) (=0 where c"t is consumption for household h
in region r and industry i at time t and 0 < (5 < 1 is the subjective discount factor ...
The preferences of household h are represented by the expected lifetime utility
expressed as: 00 Y,i?Eo(U(cti)), (1) (=0 where c"t is consumption for household h
in region r and industry i at time t and 0 < (5 < 1 is the subjective discount factor ...
第 15 頁
The PSID also provides infor- 11 Atkeson and Ogaki (1996) provide supporting
evidence on the additive separability of food in household preferences for India.
mation on the household's regional location and industrial workplace: these ...
The PSID also provides infor- 11 Atkeson and Ogaki (1996) provide supporting
evidence on the additive separability of food in household preferences for India.
mation on the household's regional location and industrial workplace: these ...
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內容
A Difficult Tradeoff | 45 |
In Choi | 130 |
In Choi JangBong Choi Daekeun Park Anticipated Devaluation under Capital | 143 |
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aggregate analysis assets assume average bubble capital coefficient companies compared competition complete compliance consider consumers consumption contribution controls cost countries defined determined devaluation distribution Economic effect elasticity empirical endowment enforcement environmental equal Equation equilibrium estimated evidence expected firms forward function given grazing growth Hanyang hold households human capital implies important income increase individual industries input inspections interest rate investment Journal Korea labor less Management mean measure method negative Note obtained offering optimal output paddock parent percent period plant positive presented probability problem production R&D spillover regional regulator relative reported represents Research respectively response risk sharing sample shocks shows significant social solution specific Statistics steady substitution Table term theory tion trading unemployment unit University utility variables wage zero