Sustained growth in the model of overlapping generations

Article Abstract:

An analysis of endogenous economic development is presented. The analysis assumes the absence of bequest motives and externalities under overlapping generations conditions. It is shown that the limiting marginal efficiency of investment controls economic development while capital stock investment influences the rate of such development. In addition, restrictive conditions must be set to maintain economic growth.

Economic aspects, Investments, Economic development, Capital stock

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The impossibility of involuntary unemployment in an overlapping generations model with rational expectations

Article Abstract:

A study of involuntary unemployment is presented. The study assumes that involuntary unemployment refers to unemployment regardless of wage rate levels. This condition has been observed across several temporary or atemporal macro models under imperfect competition. Results show that involuntary unemployment does not occur under overlapping generations with rational expectations.

Unemployment, Rational expectations (Economics)

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Time and uncertainty in overlapping generations economics

Article Abstract:

Research is presented describing the study of generations economic theory and the influence of uncertainty and time on the model of overlapping economics.

Methods, Economics, Economic methods, Prediction theory

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