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Vintage Capital

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Author Info
Raouf Boucekkine
David de la Croix
Omar Licandro

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Abstract

We highlight the salient characteristics and implications of the seminal contributions in the field of vintage capital growth theory (proposed entry for the New Palgrave Dictionary of Economics, 2nd edition).

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File URL: http://cadmus.iue.it/dspace/bitstream/1814/4346/1/ECO2006-8.pdf
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Publisher Info
Paper provided by European University Institute in its series Economics Working Papers with number ECO2006/8.

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Date of creation: 2006
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Handle: RePEc:eui:euiwps:eco2006/8

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Related research
Keywords: vintage capital; the embodied question; replacement echoes; technology diffusion; inequality; demographics;

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Find related papers by JEL classification:
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Chari, V V & Hopenhayn, Hugo, 1991. "Vintage Human Capital, Growth, and the Diffusion of New Technology," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1142-65, December. [Downloadable!] (restricted)
  2. Raouf Boucekkine & David de la Croix & Omar Licandro, . "vintage human capital, demographic trends and endogenous growth," Working Papers 2000-02, FEDEA. [Downloadable!]
    Other versions:
  3. Hercowitz, Zvi, 1998. "The 'embodiment' controversy: A review essay," Journal of Monetary Economics, Elsevier, vol. 41(1), pages 217-224, February. [Downloadable!] (restricted)
  4. Karl Whelan, 2000. "Computers, obsolescence, and productivity," Finance and Economics Discussion Series 2000-06, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    Other versions:
  5. Parente Stephen L., 1994. "Technology Adoption, Learning-by-Doing, and Economic Growth," Journal of Economic Theory, Elsevier, vol. 63(2), pages 346-369, August. [Downloadable!] (restricted)
  6. Boyan Jovanovic, 1998. "Vintage Capital and Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(2), pages 497-530, April. [Downloadable!] (restricted)
    Other versions:
  7. Benhabib, Jess & Rustichini, Aldo, 1991. "Vintage capital, investment, and growth," Journal of Economic Theory, Elsevier, vol. 55(2), pages 323-339, December. [Downloadable!] (restricted)
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  8. Mark E. Doms & Timothy Dunne, 1998. "Capital Adjustment Patterns in Manufacturing Plants," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(2), pages 409-429, April. [Downloadable!] (restricted)
    Other versions:
  9. Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995. "Long-Run Implications of Investment-Specific Technological Change," UWO Department of Economics Working Papers 9510, University of Western Ontario, Department of Economics.
    Other versions:
  10. Boucekkine, Raouf, et al, 1998. " Creative Destruction, Investment Volatility, and the Average Age of Capital," Journal of Economic Growth, Springer, vol. 3(4), pages 361-84, December. [Downloadable!] (restricted)
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  11. Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1997. "Replacement Echoes in the Vintage Capital Growth Model," Journal of Economic Theory, Elsevier, vol. 74(2), pages 333-348, June. [Downloadable!] (restricted)
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  12. Russell Cooper & John Haltiwanger & Laura Power, 1999. "Machine Replacement and the Business Cycle: Lumps and Bumps," American Economic Review, American Economic Association, vol. 89(4), pages 921-946, September. [Downloadable!] (restricted)
    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. DE LA CROIX, David & LINDH, Thomas & MALMBERG, Bo, 2006. "Growth and longevity from the industrial revolution to the future of an aging society," CORE Discussion Papers 2006064, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    Other versions:
  2. Silvia Faggian & Fausto Gozzi, 2008. "Optimal investment models with vintage capital: Dynamic Programming approach," Working Papers 174, Department of Applied Mathematics, University of Venice. [Downloadable!]
  3. Thomas Gries & Stefan Jungblut & Tim Krieger & Henning Meier, 2009. "Statutory Retirement Age and Lifelong Learning," Working Papers 9, University of Paderborn, CIE Center for International Economics. [Downloadable!]
  4. Fernando Fernández-Rodríguez & Christian González-Martel* & Simón Sosvilla-Rivero, . "On the profitability of technical trading rules based on arifitial neural networks : evidence from the Madrid stock market," Working Papers 99-07, FEDEA. [Downloadable!]
    Other versions:
  5. Raouf Boucekkine & Natali Hritonenko & Yuri Yatsenko, . "Optimal Firm Behavior under Environmental Constraints," Working Papers 2008_11, Department of Economics, University of Glasgow. [Downloadable!]
    Other versions:
  6. BOUCEKKINE, Raouf & MARTINEZ, Blanca & SAGLAM, Cagri, 2006. "Capital maintenance versus technology adoption under embodied technical progress," CORE Discussion Papers 2006058, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    Other versions:
  7. Raouf BOUCEKKINE & Aude POMMERET, 2000. "Optimal Capital Accumulation, Energy Cost and the Nature of Technological Progress," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2001023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
  8. Raouf Boucekkine & Fernando del Río & Omar Licandro, . "Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models," Working Papers 98-19, FEDEA. [Downloadable!]
    Other versions:
  9. Agustin, PEREZ-BARAHONA & Benteng, ZOU, 2004. "A comparative study of Energy Saving Technical Progress in a Vintage Capital Model," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2004002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
    Other versions:
  10. Fabbri, Giorgio & Iacopetta, Maurizio, 2007. "Dynamic Programming, Maximum Principle and Vintage Capital," MPRA Paper 5115, University Library of Munich, Germany. [Downloadable!]
  11. repec:bep:thetop:v:6:y:2006:i:1:p:1263-1263 is not listed on IDEAS
  12. Antonio R. Sampayo & Luis A. Puch & Omar Licandro, 2006. "Secondhand market and the lifetime of durable goods," Working Papers 2006-10, FEDEA. [Downloadable!]
  13. Yuri, YATSENKO & Raouf, BOUCEKKINE & Natali, HRITONENKO, 2008. "Estimating the Dynamics of R&D-based Growth Models," Discussion Papers (ECON - Département des Sciences Economiques) 2008034, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
    Other versions:
  14. R. Boucekkine & F. del Rio & O. Licandro & Luis A. Puch, 2000. "Vintage Capital and the Dynamics of the AK Model," Econometric Society World Congress 2000 Contributed Papers 0436, Econometric Society. [Downloadable!]
    Other versions:
  15. Agustin, PEREZ-BARAHONA & Benteng, ZOU, 2003. "Energy Saving Technological Progress in a Vintage Capital Model," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
  16. ThŽophile, AZOMAHOU & Raouf, BOUCEKKINE & Phu, NUYEN VAN, 2003. "Energy consumption, technological progress and economic policy," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
  17. Salvador Barrios, . "Foreign direct investment and industrial development in host countries," Working Papers 98-21, FEDEA. [Downloadable!]
  18. Silvia Faggian, 2008. "Equilibrium Points for Optimal Investment with Vintage Capital," Working Papers 182, Department of Applied Mathematics, University of Venice. [Downloadable!]
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This page was last updated on 2009-11-12.

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