Differential-difference equations in economics: on the numerical solution of vintage capital growth models
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Boucekkine, Raouf & Licandro, Omar & Paul, Christopher, 1997. "Differential-difference equations in economics: On the numerical solution of vintage capital growth models," Journal of Economic Dynamics and Control, Elsevier, vol. 21(2-3), pages 347-362.
- Raouf Boucekkine & Omar Licandro & Christopher Paul, "undated". "Differential-Difference Equations in Economics: On the Numerical Solution of Vintage Capital Growth Models," Computing in Economics and Finance 1996 _036, Society for Computational Economics.
References listed on IDEAS
- Malcomson, James M., 1975. "Replacement and the rental value of capital equipment subject to obsolescence," Journal of Economic Theory, Elsevier, vol. 10(1), pages 24-41, February.
- 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.
- Raouf Boucekkine & Marc Germain & Omar Licandro, "undated". "Replacement echoes in the vintage capital growth model," Working Papers 96-16, FEDEA.
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1996. "Replacement echoes in the vintage capital growth model," UC3M Working papers. Economics 4096, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Boucekkine, R. & Germain, M. & Licandro, O., 1997. "Replacement echoes in the vintage capital growth model," LIDAM Reprints CORE 1275, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Christiano, Lawrence J & Eichenbaum, Martin, 1992.
"Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations,"
American Economic Review, American Economic Association, vol. 82(3), pages 430-450, June.
- Lawrence J. Christiano & Martin S. Eichenbaum, 1990. "Current real business cycle theories and aggregate labor market fluctuations," Working Paper Series, Macroeconomic Issues 90, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Martin S. Eichenbaum, 1990. "Current real business cycle theories and aggregate labor market fluctuations," Discussion Paper / Institute for Empirical Macroeconomics 24, Federal Reserve Bank of Minneapolis.
- Benhabib, Jess & Rustichini, Aldo, 1991.
"Vintage capital, investment, and growth,"
Journal of Economic Theory, Elsevier, vol. 55(2), pages 323-339, December.
- Benhabib, Jess & Rustichini, Aldo, 1990. "Vintage Capital, Investment And Growth," Working Papers 90-22, C.V. Starr Center for Applied Economics, New York University.
- Jess Benhabib & Aldo Rustichini, 1990. "Vintage Capital, Investment and Growth," Discussion Papers 886, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Cooley, Thomas F. & Greenwood, Jeremy & Yorukoglu, Mehmet, 1997.
"The replacement problem,"
Journal of Monetary Economics, Elsevier, vol. 40(3), pages 457-499, December.
- Thomas F. Cooley & Jeremy Greenwood & Mehmet Yorukoglu, 1994. "The replacement problem," Discussion Paper / Institute for Empirical Macroeconomics 95, Federal Reserve Bank of Minneapolis.
- Cooley, T.F. & Greenwood, J. & Yorukoglu, M., 1995. "The Replacement Problem," University of Western Ontario, Departmental Research Report Series 9508, University of Western Ontario, Department of Economics.
- Cooley, T.F. & Greenwood, J. & Yorukoglu, M., 1997. "The Replacement Problem," RCER Working Papers 444, University of Rochester - Center for Economic Research (RCER).
- Thomas F. Cooley & Jeremy Greenwood & Mehmet Yorukoglu, 1994. "The Replacement Problem," Working Papers 9408, Centro de Investigacion Economica, ITAM.
- R. M. Solow & J. Tobin & C. C. Weizsäcker & M. Yaari, 1971.
"Neoclassical Growth with Fixed Factor Proportions,"
Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 9, pages 68-102,
Palgrave Macmillan.
- R. M. Solow & J. Tobin & C. C. von Weizsäcker & M. Yaari, 1966. "Neoclassical Growth with Fixed Factor Proportions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 33(2), pages 79-115.
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1995. "Creative destruction and business cycles," UC3M Working papers. Economics 3907, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- van Hilten, Onno, 1991. "The optimal lifetime of capital equipment," Journal of Economic Theory, Elsevier, vol. 55(2), pages 449-454, December.
- 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.
- Ricardo J. Caballero & Mohamad L. Hammour, 1991. "The Cleansing Effect of Recessions," NBER Working Papers 3922, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kredler, Matthias, 2014. "Vintage human capital and learning curves," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 154-178.
- 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.
- Raouf Boucekkine & Marc Germain & Omar Licandro, "undated". "Replacement echoes in the vintage capital growth model," Working Papers 96-16, FEDEA.
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1996. "Replacement echoes in the vintage capital growth model," UC3M Working papers. Economics 4096, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Boucekkine, R. & Germain, M. & Licandro, O., 1997. "Replacement echoes in the vintage capital growth model," LIDAM Reprints CORE 1275, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Bitros, George C., 2009. "The Theorem of Proportionality in Mainstream Capital Theory: An Assessment of its Conceptual Foundations," MPRA Paper 17436, University Library of Munich, Germany.
- Gamboa, Franklin & Maldonado, Wilfredo Leiva, 2014.
"Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model,"
Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 40-45.
- Franklin Gamboa & Wilfredo L. Maldonado, 2013. "Feasibility and Optimality of the Initial Capital Stock in the Ramsey Vintage Capital Model," CAMA Working Papers 2013-38, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- George Bitros, 2010. "The theorem of proportionality in contemporary capital theory: An assessment of its conceptual foundations," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(4), pages 367-401, December.
- Yu. Yatsenko & N. Hritonenko, 2007. "Network economics and optimal replacement of age-structured IT capital," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 65(3), pages 483-497, June.
- Natali Hritonenko & Yuri Yatsenko, 2008.
"From Linear to Nonlinear Utility in Vintage Capital Models,"
Mathematical Population Studies, Taylor & Francis Journals, vol. 15(4), pages 230-248.
- HRITONENKO, Natali & YATSENKO, Yuri, 2009. "From linear to nonlinear utility in vintage capital models," LIDAM Reprints CORE 2148, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Raouf Boucekkine & David De la Croix & Omar Licandro, 2011.
"Vintage Capital Growth Theory: Three Breakthroughs,"
Working Papers
565, Barcelona School of Economics.
- Raouf Boucekkine & David de la Croix & Omar Licandro, 2011. "Vintage capital growth theory: Three breakthroughs," UFAE and IAE Working Papers 875.11, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Raouf Boucekkine & David de La Croix & Omar Licandro, 2011. "Vintage capital theory: Three breakthroughs," Working Papers halshs-00599074, HAL.
- Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 1999.
"Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models,"
Journal of Economic Theory, Elsevier, vol. 88(1), pages 161-187, September.
- Raouf Boucekkine & Fernando del Río & Omar Licandro, "undated". "Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models," Working Papers 98-19, FEDEA.
- Boucekkine, Raouf & del Rio, Fernando & Licandro, Omar, 1999. "Endogenous vs Exogenously Driven Fluctuations in Vintage Capital Models," LIDAM Discussion Papers IRES 1999007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Boucekkine, Raouf & Del Rio, Fernando & Licandro, Omar, 1999. "Endogenous vs exogenously driven fluctuations in vintage capital models," CEPREMAP Working Papers (Couverture Orange) 9901, CEPREMAP.
- Simon Gilchrist & John C. Williams, 2000.
"Putty-Clay and Investment: A Business Cycle Analysis,"
Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 928-960, October.
- Simon Gilchrist & John C. Williams, 1998. "Putty-clay and investment: a business cycle analysis," Finance and Economics Discussion Series 1998-30, Board of Governors of the Federal Reserve System (U.S.).
- Simon Gilchrist & John C. Williams, 1998. "Putty-Clay and Investment: A Business Cycle Analysis," NBER Working Papers 6812, National Bureau of Economic Research, Inc.
- Fabrice Collard & Omar Licandro, 2020.
"The neoclassical model and the welfare costs of selection,"
Discussion Papers
2020/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Fabrice Collard & Omar Licandro, 2021. "The Neoclassical Model and the Welfare Costs of Selection," CESifo Working Paper Series 9249, CESifo.
- Collard, Fabrice & Licandro, Omar, 2021. "The Neoclassical Model and the Welfare Costs of Selection," CEPR Discussion Papers 16522, C.E.P.R. Discussion Papers.
- Fabrice Collard & Omar Licandro, 2022. "The Neoclassical Model and the Welfare Costs of Selection," Working Papers hal-03624674, HAL.
- Fabrice Collard & Omar Licandro, 2021. "The Neoclassical Model and the Welfare Costs of Selection," Working Papers 1283, Barcelona School of Economics.
- Collard, Fabrice & Licandro, Omar, 2021. "The Neoclassical Model and the Welfare Costs of Selection," TSE Working Papers 21-1246, Toulouse School of Economics (TSE).
- Cagri Saglam & Vladimir M. Veliov, 2008. "Role of Endogenous Vintage Specific Depreciation in the Optimal Behavior of Firms," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(3), pages 381-410, September.
- Bruno de Oliveira Cruz & Aude Pommeret, 2006.
"Irreversible Investment With Embodied Technological Progress,"
Discussion Papers
1171, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Bruno de Oliveira Cruz & Aude Pommeret, 2015. "Irreversible Investment with Embodied Technological Progress," Discussion Papers 0167, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Boucekkine, Raouf & Martinez, Blanca, 2003.
"Replacement, adoption and economic dynamics: lessons from a canonical creative destruction model,"
Structural Change and Economic Dynamics, Elsevier, vol. 14(3), pages 339-359, September.
- BOUCEKKINE, Raouf & MARTINEZ, Blanca, 2003. "Replacement, adoption and economic dynamics: lessons from a canonical creative destruction model," LIDAM Reprints CORE 1657, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Boucekkine, Raouf & Pommeret, Aude, 2004.
"Energy saving technical progress and optimal capital stock: the role of embodiment,"
Economic Modelling, Elsevier, vol. 21(3), pages 429-444, May.
- BOUCEKKINE, Raouf & POMMERET, Aude, 2004. "Energy saving technical progress and optimal capital stock: the role of embodiment," LIDAM Reprints CORE 1703, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Raouf Boucekkine & David Croix & Omar Licandro, 2004.
"MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS,"
Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 151-179.
- Raouf Boucekkine & David de la Croix & Omar Licandro, "undated". "Modelling vintage structures with DDEs: Principles and applications," Working Papers 2004-07, FEDEA.
- Raouf, BOUCEKKINE & David de la Croix & Omar Lidandro, 2004. "Modelling vintage structures with DDEs : principles and applications," LIDAM Discussion Papers IRES 2004004, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- BOUCEKKINE, RAOUF & de la CROIX, David & LICANDRO, Omar, 2004. "Modelling vintage structures with DDEs : principles and applications," LIDAM Discussion Papers CORE 2004047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Raouf BOUCEKKINE & David DE LA CROIX & Omar LICANDRO, 2004. "Modelling vintage structures with DDEs: principles and applications," Economics Working Papers ECO2004/06, European University Institute.
- BOUCEKKINE, Raouf & DE LA CROIX, David & LICANDRO, Omar, 2004. "Modelling vintage structures with DDEs: principles and applications," LIDAM Reprints CORE 1758, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Natali Hritonenko & Yuri Yatsenko, 2012. "Fleet replacement under technological shocks," Annals of Operations Research, Springer, vol. 196(1), pages 311-331, July.
- Steinbuks, Jevgenijs & Neuhoff, Karsten, 2014.
"Assessing energy price induced improvements in efficiency of capital in OECD manufacturing industries,"
Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 340-356.
- Steinbuks, Jevgenijs & Neuhoff, Karsten, 2014. "Assessing energy price induced improvements in efficiency of capital in OECD manufacturing industries," Policy Research Working Paper Series 6929, The World Bank.
- Natali Hritonenko & Yuri Yatsenko, 2006. "Optimization of Harvesting Return from Age-Structured Population," Journal of Bioeconomics, Springer, vol. 8(2), pages 167-179, August.
- Raouf BOUCEKKINE & Aude POMMERET, 2000. "Optimal Capital Accumulation, Energy Cost and the Nature of Technological Progress," LIDAM Discussion Papers IRES 2001023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
More about this item
Keywords
Economic growth theory;JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cte:werepe:3951. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Poveda (email available below). General contact details of provider: http://www.eco.uc3m.es/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.