Sectoral bubbles, misallocation, and endogenous growth

DOI10.1016/J.JMATECO.2013.12.003MaRDI QIDQ406280zbMATHOpenAlexFDO

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

multiple equilibriaeconomic growthexternalitybubblescapital reallocationcollateral constraints

Mathematics Subject Classification ID

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

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Cites work

• Asset Bubbles and Overlapping Generations
• Banking bubbles and financial crises
• Bubbles and Self-Enforcing Debt
• Bubbles and constraints on debt accumulation
• 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)

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

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