Sectoral bubbles, misallocation, and endogenous growth

DOI10.1016/J.JMATECO.2013.12.003MaRDI QIDQ406280zbMATH OpenOpenAlexFDO

Authors Jianjun Miao, Pengfei Wang

Publication date 8 September 2014

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2013.12.003

zbMATH Keywords

bubblescapital reallocationcollateral constraintseconomic growthexternalitymultiple equilibria

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64) Multisectoral models in economics (91B66) Credit risk (91G40) Actuarial science and mathematical finance (91G99)

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Cites work

• Asset Bubbles and Overlapping Generations
• Banking bubbles and financial crises
• Bubbles and constraints on debt accumulation
• Bubbles and Self-Enforcing Debt
• Bubbly Liquidity
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Fiscal Policy in an Endogenous Growth Model
• Injecting rational bubbles
• Optimal Lending Contracts and Firm Dynamics
• Rational Asset Pricing Bubbles
• Tobin's Marginal q and Average q: A Neoclassical Interpretation

Cited in

(27)

• Taxation, bubbles and endogenous growth
• Bubbles, growth and imperfection of credit market in a two-country model
• Aggregation of metafrontier technology gap ratios: the case of European sectors in 1995--2015
• Growth, innovation, credit constraints, and stock price bubbles
• Speculative bubbles and talent misallocation
• On the dynamics of stock price bubbles: comments on a model by Miao and Wang
• Bubbles, growth and sunspots with credit market frictions
• Introduction to the symposium on bubbles, multiple equilibria, and economic activities
• Toxic asset bubbles
• Stock market bubbles and unemployment
• Introduction to economic theory of bubbles. II
• Robust bubbles with mild penalties for default
• A finite model of riding bubbles
• Asset bubbles, endogenous growth, and financial frictions
• Introduction to economic theory of bubbles
• Rational asset pricing bubbles and debt constraints
• Safe asset shortages and asset price bubbles
• Rational housing bubble
• Rational bubbles and middlemen
• CHINA'S HOUSING BUBBLE, INFRASTRUCTURE INVESTMENT, AND ECONOMIC GROWTH
• Bubble economics
• Fifty years of mathematical growth theory: classical topics and new trends
• Asset bubble and growth: elastic labor supply with fiscal policy
• Asset bubbles, entrepreneurial risks, and economic growth
• Short-covering bubbles
• Banking bubbles and financial crises
• Portfolio constraints, differences in beliefs and bubbles

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