Sectoral bubbles, misallocation, and endogenous growth

DOI10.1016/j.jmateco.2013.12.003zbMath1305.91187OpenAlexW1971996697MaRDI QIDQ406280

Jianjun Miao, Peng-fei 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 growthbubblesexternalitycapital reallocationcollateral constraints

Mathematics Subject Classification ID

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

Related Items (21)

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

Cites Work

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

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