VINTAGE CAPITAL, INVESTMENT, AND GROWTH

被引：92
|
作者：
BENHABIB, J [1 ]
RUSTICHINI, A [1 ]
机构：
[1] NORTHWESTERN UNIV,DEPT ECON,EVANSTON,IL 60208
来源：
JOURNAL OF ECONOMIC THEORY | 1991年 / 55卷 / 02期
关键词：
D O I：
10.1016/0022-0531(91)90043-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study the dynamics of growth and investment in a continuous time model with vintage capital. Vintage capital models may be characterized by non-exponential rates of depreciation and technical change and can incorporate "gestation lags" as well as "learning by using." We investigate the effect of such features on the dynamics of investment and growth and show how they can contribute to explaining the volatile nature of investment time-series. © 1991.
引用
收藏
页码：323 / 339
页数：17
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