Date
2023Metadata
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Dissertation
Capital Accumulation, Sector Productivity, and Economic Growth
Abstract
This dissertation is motivated by the research results of Benigno and Fornaro (2014). Benigno and Fornaro (2014) research, how low interest rates impact the productivity of economies.
This dissertation implements extensions of the Benigno and Fornaro (2014) model, that particularly address the capital accumulation, the production functions, and the technology accumulation. In doing so, this dissertation shows that some of the Benigno und Fornaro (2014) research results require specific assumptions, to qualitatively reproduce these Benigno and Fornaro (2014) research results for selected simulation periods.
For some parameter constellations and model settings, it requires the assumption, that low interest rates (precisely: low capital costs) asymmetrically affect the sectors (tradable and non-tradable goods production) of the economy, to qualitatively reproduce a slowdown of productivity growth, like it is shown in Benigno und Fornaro (2014), as a simulation result for selected simulation periods.
This dissertation implements extensions of the Benigno and Fornaro (2014) model, that particularly address the capital accumulation, the production functions, and the technology accumulation. In doing so, this dissertation shows that some of the Benigno und Fornaro (2014) research results require specific assumptions, to qualitatively reproduce these Benigno and Fornaro (2014) research results for selected simulation periods.
For some parameter constellations and model settings, it requires the assumption, that low interest rates (precisely: low capital costs) asymmetrically affect the sectors (tradable and non-tradable goods production) of the economy, to qualitatively reproduce a slowdown of productivity growth, like it is shown in Benigno und Fornaro (2014), as a simulation result for selected simulation periods.
Citation
@phdthesis{doi:10.17170/kobra-202303247688,
author={Hildebrandt, Simon},
title={Capital Accumulation, Sector Productivity, and Economic Growth},
school={Kassel, Universität Kassel, Fachbereich Wirtschaftswissenschaften},
year={2023}
}
0500 Oax
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2050 ##0##http://hdl.handle.net/123456789/14533
3000 Hildebrandt, Simon
4000 Capital Accumulation, Sector Productivity, and Economic Growth / Hildebrandt, Simon
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4204 \$dDissertation
4170
5550 {{Europa}}
5550 {{Kapitalakkumulation}}
5550 {{Wirtschaftssektor}}
5550 {{Produktivität}}
5550 {{Wirtschaftswachstum}}
5550 {{Benigno, Gianluca}}
7136 ##0##http://hdl.handle.net/123456789/14533
<resource xsi:schemaLocation="http://datacite.org/schema/kernel-2.2 http://schema.datacite.org/meta/kernel-2.2/metadata.xsd"> 2023-03-27T09:56:15Z 2023-03-27T09:56:15Z 2023 doi:10.17170/kobra-202303247688 http://hdl.handle.net/123456789/14533 eng Urheberrechtlich geschützt https://rightsstatements.org/page/InC/1.0/ 330 Capital Accumulation, Sector Productivity, and Economic Growth Dissertation This dissertation is motivated by the research results of Benigno and Fornaro (2014). Benigno and Fornaro (2014) research, how low interest rates impact the productivity of economies. This dissertation implements extensions of the Benigno and Fornaro (2014) model, that particularly address the capital accumulation, the production functions, and the technology accumulation. In doing so, this dissertation shows that some of the Benigno und Fornaro (2014) research results require specific assumptions, to qualitatively reproduce these Benigno and Fornaro (2014) research results for selected simulation periods. For some parameter constellations and model settings, it requires the assumption, that low interest rates (precisely: low capital costs) asymmetrically affect the sectors (tradable and non-tradable goods production) of the economy, to qualitatively reproduce a slowdown of productivity growth, like it is shown in Benigno und Fornaro (2014), as a simulation result for selected simulation periods. open access Hildebrandt, Simon 2022-02-22 iv, 104 Seiten Kassel, Universität Kassel, Fachbereich Wirtschaftswissenschaften Michaelis, Jochen (Prof. Dr.) Voßkamp, Rainer (Prof. Dr.) Europa Kapitalakkumulation Wirtschaftssektor Produktivität Wirtschaftswachstum Benigno, Gianluca publishedVersion false true </resource>
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