4 papers
From Balanced Growth to Innovation Cycles:A Solow-Type Semi-Endogenous Growth Model
Cuong Le Van, Tin Nguyen-Trong, Ngoc-Sang Pham +1
We develop a growth model with an R\&D sector in which the elasticity of innovation with respect to existing knowledge can be negative. We investigate the existence and uniqueness…
To Bubble or Not to Bubble: Asset Price Dynamics and Optimality in OLG Economies
Stefano Bosi, Cuong Le Van, Ngoc-Sang Pham
We study an overlapping generations (OLG) exchange economy with an asset that yields dividends. First, we derive general conditions, based on exogenous parameters, that give rise t…
Governance, productivity and economic development
Cuong Le Van, Ngoc-Sang Pham, Thi Kim Cuong Pham +1
This paper explores the interplay between transfer policies, R\&D, corruption, and economic development using a general equilibrium model with heterogeneous agents and a government…
Equilibrium with non-convex preferences: some insights
Cuong Le Van, Ngoc-Sang Pham
We study the existence of equilibrium when agents' preferences may not beconvex. For some specific utility functions, we provide a necessary and sufficientcondition under which the…