Endogenous time preference and infrastructure‑led growth with an unexpected numerical example

Detalhes bibliográficos
Autor(a) principal: Hosoya, Kei
Data de Publicação: 2024
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/29965
Resumo: This paper shows the construction of a growth model that includes public infrastruc ture and a related externality and investigates the dynamic properties of the model for a specifc endogenous time preference function. After suggesting a saddle-path stability for long-term equilibrium under an endogenous time preference, numerical analysis of the model then reveals an unexpected relation between the strength of the externality, the magnitude of the rate of time preference, and the growth rate of the economy. In addition, it is found that multiple equilibria are unlikely to be supported empirically by the model in this paper
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spelling Endogenous time preference and infrastructure‑led growth with an unexpected numerical exampleEndogenous time preferencePublic infrastructureCapital-deepening externalityNumerical analysisThis paper shows the construction of a growth model that includes public infrastruc ture and a related externality and investigates the dynamic properties of the model for a specifc endogenous time preference function. After suggesting a saddle-path stability for long-term equilibrium under an endogenous time preference, numerical analysis of the model then reveals an unexpected relation between the strength of the externality, the magnitude of the rate of time preference, and the growth rate of the economy. In addition, it is found that multiple equilibria are unlikely to be supported empirically by the model in this paperSpringerRepositório da Universidade de LisboaHosoya, Kei2024-01-26T11:24:49Z20242024-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/29965engHosoya, Kei (2024). "Endogenous time preference and infrastructure‑led growth with an unexpected numerical example". Portuguese Economic Journal, 23(1):3-321617-9838 (electronic)10.1007/s10258-022-00230-1metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-28T01:34:50Zoai:www.repository.utl.pt:10400.5/29965Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:58:23.907311Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
title Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
spellingShingle Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
Hosoya, Kei
Endogenous time preference
Public infrastructure
Capital-deepening externality
Numerical analysis
title_short Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
title_full Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
title_fullStr Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
title_full_unstemmed Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
title_sort Endogenous time preference and infrastructure‑led growth with an unexpected numerical example
author Hosoya, Kei
author_facet Hosoya, Kei
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Hosoya, Kei
dc.subject.por.fl_str_mv Endogenous time preference
Public infrastructure
Capital-deepening externality
Numerical analysis
topic Endogenous time preference
Public infrastructure
Capital-deepening externality
Numerical analysis
description This paper shows the construction of a growth model that includes public infrastruc ture and a related externality and investigates the dynamic properties of the model for a specifc endogenous time preference function. After suggesting a saddle-path stability for long-term equilibrium under an endogenous time preference, numerical analysis of the model then reveals an unexpected relation between the strength of the externality, the magnitude of the rate of time preference, and the growth rate of the economy. In addition, it is found that multiple equilibria are unlikely to be supported empirically by the model in this paper
publishDate 2024
dc.date.none.fl_str_mv 2024-01-26T11:24:49Z
2024
2024-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/29965
url http://hdl.handle.net/10400.5/29965
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Hosoya, Kei (2024). "Endogenous time preference and infrastructure‑led growth with an unexpected numerical example". Portuguese Economic Journal, 23(1):3-32
1617-9838 (electronic)
10.1007/s10258-022-00230-1
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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