AK Type Production Function in DSGE Model

Masaya Yasuoka, Minoru Hayashida, Ryoichi Namba and Hiroyuki Ono
Additional contact information
Minoru Hayashida: The University of Kitakyushu
Ryoichi Namba: Chubu Region Institute for Social and Economic Research
Hiroyuki Ono: Toyo University

No 246, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: Some DSGE (Dynamic Stochastic General Equilibrium) models include no consideration of long-run economic growth. Our paper presents consideration of a DSGE model with economic growth in the long run. As shown by the data, economic growth continues in terms of a long span. Therefore, we consider that it is appropriate to examine short-run and long-run policy effects on macroeconomic variables in a model in which long-run economic growth continues. The contribution represented by our paper is the description of the simple endogenous growth DSGE model. Although there exist some related papers about endogenous growth DSGE models, our setting is a very simple DSGE model, showing the ease of setting a DSGE model with endogenous growth.

Keywords: DSGE model; Endogenous growth (search for similar items in EconPapers)
JEL-codes: E60 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2023-02
New Economics Papers: this item is included in nep-dge and nep-gro
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Persistent link: https://EconPapers.repec.org/RePEc:kgu:wpaper:246

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