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Un modelo clásico de crecimiento económico

Author

Listed:
  • Homero Cuevas

    (Universidad Nacional de Colombia)

Abstract

This essay focuses on the conditions under which spontaneous growth in a developed economy create inestability, fluctuations and resources waste in a endogenous manner, in contrast with the neoclassical theories of economic cycles generated by exogenous shocks.

Suggested Citation

  • Homero Cuevas, 2001. "Un modelo clásico de crecimiento económico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 3(4), pages 32-51, January-J.
  • Handle: RePEc:rei:ecoins:v:3:y:2001:i:4:p:32-51
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/hcuevas4.pdf
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    References listed on IDEAS

    as
    1. Merton H. Miller, 1989. "The Modigliani-Miller Propositions After Thirty Years," Journal of Applied Corporate Finance, Morgan Stanley, vol. 2(1), pages 6-18.
    2. Evans, Geroge W & Honkapohja, Seppo & Romer, Paul, 1998. "Growth Cycles," American Economic Review, American Economic Association, vol. 88(3), pages 495-515, June.
    3. John Haltiwanger & Russell Cooper & 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.
    4. Caballero, Ricardo J & Hammour, Mohamad L, 1994. "The Cleansing Effect of Recessions," American Economic Review, American Economic Association, vol. 84(5), pages 1350-1368, December.
    5. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic growth; cycles; endogenous shock; exogenous shock;

    JEL classification:

    • D59 - Microeconomics - - General Equilibrium and Disequilibrium - - - Other
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other

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