IDEAS home Printed from https://ideas.repec.org/p/fth/pariem/92-07.html
   My bibliography  Save this paper

Bubbles Slowing Down Economic Growth

Author

Listed:
  • Michel, P.

Abstract

To analyze the effects of bubbles on economic growth, we study a three-period life overlapping generations economy with accumulation of physical and human capital, using an extension of Azariadis and Drazen (1990). We characterize the balanced growth paths and the local dynamics both in the model without bubbles and with bubbles. Tirole (1985)'s study of bubbles is extended to the overlapping generations model with endogenous growth, and we show that bubbles are likely to have a negative effect on the growth rate of the economy.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michel, P., 1992. "Bubbles Slowing Down Economic Growth," Papiers d'Economie Mathématique et Applications 92-07, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:fth:pariem:92-07
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Azariadis, Costas & Reichlin, Pietro, 1996. "Increasing returns and crowding out," Journal of Economic Dynamics and Control, Elsevier, vol. 20(5), pages 847-877, May.
    2. Azariadis, Costas, 1996. "The Economics of Poverty Traps: Part One: Complete Markets," Journal of Economic Growth, Springer, vol. 1(4), pages 449-496, December.

    More about this item

    Keywords

    economic growth ; economic models;

    Statistics

    Access and download statistics

    Corrections

    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:fth:pariem:92-07. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/cerp1fr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.