RBC teorie - dvousektorový přístup
| Title in English | RBC Theory - Two-Sector Approach |
|---|---|
| Authors | |
| Year of publication | 2006 |
| Type | Article in Proceedings |
| Conference | Česká ekonomika v procesu globalizace: kvantitativní metody a modely v ekonomii |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Two-sector approach; real business cycle model; economic growth; productivity; balanced growth path |
| Description | This paper deals with the two-sector approach within the real business cycle theory. The extension of the standard one-sector model allows to capture a “new balanced” growth path where real aggregates for consumption, investment, physical capital, and output grow at constant, but not necessarily the same rates. Moreover, the paper presents an example of a two-sector real business cycle model. This model is derived from micro foundations. It provides a detailed evaluation of productivity shocks within the economy. |
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