Capital accumulation in a model of growth and creative destruction

Klaus Wälde

No 09/01, Dresden Discussion Paper Series in Economics from Technische Universität Dresden, Faculty of Business and Economics, Department of Economics

Abstract: 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.

Keywords: Creative destruction; Risk averse households; Capital accumulation; Endogenous fluctuations and growth (search for similar items in EconPapers)
JEL-codes: E32 O31 O41 (search for similar items in EconPapers)
Date: 2001
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Related works:
Working Paper: Capital accumulation in a model of growth and creative destruction (2003)
Working Paper: Capital accumulation in a model of growth and creative destruction (2002)
Working Paper: Capital accumulation in a model of growth and creative destruction (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuddps:0901

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