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Published in 2018 at "Economic Systems"
DOI: 10.1016/j.ecosys.2019.100730
Abstract: We examine Vietnam’s economy together with its closest trade partners. We show that capital accumulation has been the primary growth engine since the start of its transition to the pro-market economy in 1986–the Doi Moi.…
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Keywords:
real business;
trend;
growth real;
economy ... See more keywords
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Published in 2021 at "Macroeconomics and Finance in Emerging Market Economies"
DOI: 10.1080/17520843.2021.1937259
Abstract: We introduce human capital accumulation into a real-business-cycle setup. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999–...
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Keywords:
capital accumulation;
human capital;
real business;
business cycle ... See more keywords
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Published in 2018 at "International Journal of Economic Theory"
DOI: 10.1111/ijet.12204
Abstract: This paper develops a real business cycle model with five types of fundamental shocks and one \\"equity sentiment shock\\" that captures animal spirits-driven fluctuations. The representative agent's perception that movements in equity value are partly…
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Keywords:
real business;
market;
sentiment;
animal spirits ... See more keywords