Asset bubbles and endogenous growth

Article Abstract:

A study was conducted to examine the relationship between productive and nonproductive savings in endogenously developing economies. The existence of asset bubbles in such an economy is conditioned by its size and by the equilibrium growth rate's larger measurement compared to the interest rate. Results show that the bubbles exhibit a retrogressive effect on growth and decrease future welfare conditions.

Analysis, Economic indicators

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On endogenous growth with productivity shocks

Article Abstract:

An analysis of endogenous growth and output convergence is presented. The analysis on the relation between the two variables and specifies the characteristic of a growth model's determinism. It is shown that nonconvergenceis a variable describing such a structure. The integration of a stochastic factor generates convergence despite nondiminishing returns to capital and persistent growth.

Industrial productivity

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