Now showing items 1-3 of 3

    • A model of capital accumulation and rent-seeking 

      Barelli, Paulo; Pessôa, Samuel de Abreu
      2002-06-01
      A simple model incorporating rent-seeking into the standard neoclassical model of capital accumulation is presented. It embodies the idea that the performance of an economy depends on the efficiency of its institutions. ...
    • Model selection, estimation and forecasting in VAR models with short-run and long-run restrictions 

      Athanasopoulos, George; Guillen, Osmani Teixeira Carvalho; Issler, João Victor; Vahid, Farshid
      2010-09-13
      We study the joint determination of the lag length, the dimension of the cointegrating space and the rank of the matrix of short-run parameters of a vector autoregressive (VAR) model using model selection criteria. We ...
    • Money supply and capital accumulation on the transition path revisited 

      Cysne, Rubens Penha; Turchick, David
      2010-02-22
      Fischer (1979) and Asako (1983) analyze the sign of the correlation between the growth rate of money and the rate of capital accumulation on the transition path. Both plug a CRRA utility (based on a Cobb-Douglas and a ...