A bottleneck capital model of development

A simple augmentation of the Ramsey–Cass–Koopmans growth model allows it to match observed transitions by initially poor economies. A high-convexity installation cost directly dampens investment demand for a first capital input. The resulting scarcity acts as a bottleneck, strongly dampening demand...

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Bibliographic details
Volume:	53
Main Author:	Rappaport, Jordan
Format:	Journal Article
Language:	English
Zielgruppe:	Trade Academic
Place of publication:	AMSTERDAM Elsevier B.V 2006 ELSEVIER SCIENCE BV Elsevier
published in:	Journal of monetary economics Vol. 53; no. 8; pp. 2113 - 2129
Data of publication:	2006
ISSN:	0304-3932 1873-1295
EISSN:	1873-1295
Discipline:	Economics Business
Series:	Journal of Monetary Economics
Subjects:	One, two, and multisector growth models General aggregative models Economics Business & Economics Social Sciences Business, Finance Economic aspects Evaluation Models Capital United States Economic development Federal Reserve banks Analysis Banking industry United States O410 One, two, and multisector growth models E100 General aggregative models general aggregative models ADJUSTMENT COSTS one, two and multisector growth models INVESTMENT ECONOMIC-GROWTH GOODS FIRM
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2006 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Database information Databases - DBIS