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 Poisson model 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 920
- Classification
-
Wirtschaft
- Subject
-
endogenous fluctuations and growth
uncertainty under continuous time
- Event
-
Geistige Schöpfung
- (who)
-
Waelde, Klaus
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Waelde, Klaus
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2003
Other Objects (12)
Endogenous business cycles and growth
The agent-based Solow growth model with endogenous business cycles
Endogenous business cycles and economic policy
Evaluating the Costs of Business Cycles in Models of Endogenous Growth
Endogenous Business Cycles and Systematic Stabilization Policy
Endogenous Business Cycles and Systematic Stabilization Policy
Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles
Labour market skills, endogenous productivity and business cycles
Animal spirits, lumpy investment and endogenous business cycles
Endogenous Repo Cycles
Endogenous Repo Cycles
A Poisson-Ramsey growth model: Creative destruction, endogenous cycles and growth
Endogenous business cycles and growth
The agent-based Solow growth model with endogenous business cycles
Endogenous business cycles and economic policy
Evaluating the Costs of Business Cycles in Models of Endogenous Growth
Endogenous Business Cycles and Systematic Stabilization Policy
Endogenous Business Cycles and Systematic Stabilization Policy
Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles
Labour market skills, endogenous productivity and business cycles
Animal spirits, lumpy investment and endogenous business cycles
Endogenous Repo Cycles
Endogenous Repo Cycles
A Poisson-Ramsey growth model: Creative destruction, endogenous cycles and growth
Endogenous business cycles and growth
The agent-based Solow growth model with endogenous business cycles
Endogenous business cycles and economic policy
Evaluating the Costs of Business Cycles in Models of Endogenous Growth
Endogenous Business Cycles and Systematic Stabilization Policy
Endogenous Business Cycles and Systematic Stabilization Policy
Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles
Labour market skills, endogenous productivity and business cycles
Animal spirits, lumpy investment and endogenous business cycles
Endogenous Repo Cycles
Endogenous Repo Cycles