Growth and real business cycles in Vietnam and the Asean-5. Does the trend shock matter?
Sign Up to like & getrecommendations! 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.… read more here.
Keywords: real business; trend; growth real; economy ... See more keywords
A real-business-cycle model with human capital accumulation: lessons for Bulgaria (1999-2018)
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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–... read more here.
Keywords: capital accumulation; human capital; real business; business cycle ... See more keywords
Real business cycles, animal spirits, and stock market valuation
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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… read more here.
Keywords: real business; market; sentiment; animal spirits ... See more keywords