Dr Mauro Bambi mauro.bambi@durham.ac.uk
Associate Professor
Unifying Time-to-build theory
Bambi, M.; Gori, Franco
Authors
Franco Gori
Abstract
Discrete-time and continuous-time models with time to build do not possess the same dimension. In this paper we address the dimensionality issue by revising the way time to build is traditionally measured when transforming the economic dynamics from discrete to continuous time. We propose our new procedure as an alternative approach which allows for a unifying theory of the two classes of economic growth models. Interestingly enough, discrete-time models admit a change in stability for a value of the time-to-build parameter where their continuous counterpart admits an Hopf bifurcation.
Citation
Bambi, M., & Gori, F. (2014). Unifying Time-to-build theory. Macroeconomic Dynamics, 18(08), 1713-1725. https://doi.org/10.1017/s1365100513000102
Journal Article Type | Article |
---|---|
Online Publication Date | Jun 4, 2013 |
Publication Date | Dec 1, 2014 |
Deposit Date | Aug 2, 2018 |
Publicly Available Date | Mar 29, 2024 |
Journal | Macroeconomic Dynamics |
Print ISSN | 1365-1005 |
Electronic ISSN | 1469-8056 |
Publisher | Cambridge University Press |
Peer Reviewed | Peer Reviewed |
Volume | 18 |
Issue | 08 |
Pages | 1713-1725 |
DOI | https://doi.org/10.1017/s1365100513000102 |
Public URL | https://durham-repository.worktribe.com/output/1324700 |
Files
Accepted Journal Article
(359 Kb)
PDF
Copyright Statement
This article has been published in a revised form in Macroeconomic Dynamics https://doi.org/10.1017/S1365100513000102. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Cambridge University Press 2013.
You might also like
Habits and demand changes after COVID-19
(2023)
Journal Article
Internal habits formation and optimality
(2020)
Journal Article
Nominal exchange rate determination and dynamics in an OLG framework
(2020)
Journal Article
Time‐varying consumption tax, productive government spending, and aggregate instability
(2019)
Journal Article
Internal Habit Formation and Optimality
(2019)
Working Paper
Downloadable Citations
About Durham Research Online (DRO)
Administrator e-mail: dro.admin@durham.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search