Capital accumulation in a model of growth and creative destruction

Arbeitspapier

Capital accumulation and creative destruction is modeled together with risk-averse households. The novel aspect - risk-averse households - allows to use well-known models not only for analyzing long-run growth as in the literature but also short-run fluctuations. The model remains analytically tractable due to a very convenient property of the household's investment decision in this stochastic continuous-time setup.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Dresden Discussion Paper Series in Economics ; No. 09/01

Classification and Topics

• Classification: Wirtschaft ; Business Fluctuations; Cycles ; Innovation and Invention: Processes and Incentives ; One, Two, and Multisector Growth Models
• Subject: Creative destruction ; Risk averse households ; Capital accumulation ; Endogenous fluctuations and growth ; Investition ; Wachstumstheorie ; Risikoaversion ; Innovationswettbewerb ; Konjunkturtheorie ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wälde, Klaus
• Event: Veröffentlichung
• (who): Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
• (where): Dresden
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/48110
• Last update: 10.03.2025, 11:41 AM CET