Most downloaded international economics articles elsevier. Asset bubbles, unemployment, and a financial crisis, discussion paper series 156, school of economics, kwansei gakuin university, revised feb 2017. Theory and evidence takuma kunieday department of economics and finance, city university of hong kong keisuke okadaz faculty of human environmental studies, hiroshima shudo university. Asset bubbles, unemployment, and a financial crisis. Takuma kunieda, alexander ludwig, vailam mui, jim vere, participants of various seminars. Research centre for international economics working paper. Citescore values are based on citation counts in a given year e. Baumol 1991 or fall into middle income traps a certain periods of time. Takuma kunieda department of economics and finance city university of hong kong july 12, 2014 abstract motivated by a question about the determination of foreign aid. View enhanced pdf access article on wiley online library html view download pdf for offline viewing. A test for the japanese economy, journal of international money and finance, vol. This book provides mathematicians with new stimuli from economic theories, and economists with effective mathematical tools for their research. Specializations, financial constraints, and income distribution.
The authors are also grateful to the seminar participants at kobe university and. Takashi kamihigashi,keisuke kawata, takuma kunieda, yoshiyasu ono, kenji satoand akihisa shibata for their invaluable comments and, suggestions. School of economics, kwansei gakuin university, nishinomiya, hyogo, japan. Theory and evidence from an instrumental variable approach with human genetic diversity november 2016. Takuma kunieda, kenichi hashimoto and ryonghun im additional contact information ryonghun im. Human genetic diversity, economic notes, banca monte dei paschi di siena spa, vol. Bubble occurrence and landing junmin wan faculty of. Gregory chow, professor of economics and class of 19 professor of. A tractable model in which asset bubbles can exist in spite of infinitely lived agents is presented. Asset bubbles, financial market frictions, and endogenous. International conference on trade, financial integration.
Academic citations made in 2011 for the fraser institutes economic freedom of the world. Kunieda, takuma and okada, keisuke and shibata, akihisa 2011. Endogenous growth and fluctuations in an overlapping. Takuma kunieda, department of economics, ryukoku university, 67 fushimiku fukakusa tsukamotocho, kyoto, 6128577, japan, phone. This is a pdf file of an unedited manuscript that has been accepted for publication.
Read the latest articles of journal of monetary economics at, elseviers. Pdf corruption, globalization, and economic growth. Corruption, financial development and economic growth. Title credit market imperfections and macroeconomic. Kunieda, takuma school of economics kwansei gakuin. Endogenous business cycles in a perpetual youth model with financial market imperfections, international journal of economic theory, the international society for economic theory, vol. Principles of economics open textbook bc open textbooks. Asset bubbles, economic growth, and a selffulfilling. Takuma kunieda a perpetual youth overlapping generations model is presented in which the presence of financial frictions can create the crowdin effect of asset bubbles that promotes capital. Regardless of the toxicity of radiation, some organisms exhibit extraordinary tolerance against radiation. Part of the advances in mathematical economics book series mathecon, volume 22 log in to check access. The 7th biennial conference of hong kong economic association 14 december 2012 lingnan university p. Takuma kunieda city university of hong kong cb2400 5 19.
Takuma kunieda city university of hong kong akihisa shibata. Kunieda, takuma and okada, keisuke and shibata, akihisa, corruption, financial development and economic growth. Takuma kuniedayz department of economics and finance, city university of hong kong keigo nishidax faculty of economics, fukuoka university january 6, 2014 abstract to understand mixed evidence provided by empirical studies for the relationship between the accumulation of public debt and economic growth, it is necessary to con. Takuma kunieda, department of economics and finance, city university of hong kong, p7315, academic building, 83 tat chee. Mortality transition and differential incentives for early. Asset bubbles and borrowing constraints by takuma kunieda. After takeoff but before reaching a sustained growth path, countries may experience in flying geese pattern of development akamatsu 1962. Asset bubbles, financial market frictions, and endogenous cycles kenichi hashimoto ryonghun imy takuma kuniedaz akihisa shibatax april 22, 2019 abstract we present a simple model of endogenous cycle with asset bubbles. Asset bubbles and borrowing constraints request pdf. Conventional accounts, such as contract and evolutionary theories or the analysis of conventions and social conflict, cannot explain the origins of social institutions because they do not address the origins of shared and selfenforcing expectations about. Citations economic freedom of the world fraser institute.
Asset bubbles, technology choice, and financial crises. Asset bubbles, unemployment, and capital market frictions kenichi hashimoto ryonghun imy takuma kuniedaz akihisa shibatax january 29, 2018 abstract we construct a tractable in nitely agents model with capital and labor market frictions is to demonstrate that relationships among asset bubbles, capital accumulation, and unemployment. Genomic dna stores all genetic information and is indispensable for maintenance of normal cellular activity and propagation. Jme journal of monetary economics vol 82, pages 18. Graduate school of economics, kobe university no 156, discussion paper series from school of economics, kwansei gakuin university. Specializations, financial constraints, and income. However, if financiers coexist with entrepreneurs, the economy is highly likely to face a. The origins of social institutions johannes urpelainen, 2011. View notes week8cb2400 from econ cb2400 at city university of hong kong. The editors and members of the editorial board wish to thank the following who acted as referees for oxford economic papers in 2009. Asset bubbles and borrowing constraints journal of mathematical economics, 2008, 44, 2, 1121 view citations 12 2005.
A twosector growth model with credit market imperfections. Finance and growth cycles takuma kunieda department of economics, ryukoku university july 12, 2008 abstract thisresearchexaminestheeectofnancialdevelopmentonvolatility. E macroeconomics and monetary economics e4 money and interest rates e44 financial markets and the macroeconomy f international economics f3 international finance f36 financial aspects of economic integration. Asiapacific journal of accounting and economics 18 3, 333 357. Department of economics and finance, city university of hong kong. Kunieda, takuma, asset bubbles and borrowing constraints february 26, 2007. Asset bubbles, unemployment, and capital market frictions. Ping wang department of economics washington university. Radiation causes severe dna lesions, including doublestrand breaks, and leads to genome instability and even lethality. Endogenous growth and fluctuations in an overlapping generations economy with credit market imperfections. An intrinsically useless asset has a positive value and raises welfare because it helps investors with idiosyncratic productivity to obtain more credit in imperfect financial markets.
Associate professor, school of economics, kwansei gakuin university, 1. The authors take a balanced approach to micro and macroeconomics, to both keynesian and classical views, and to the theory and application of economics. Kunieda, takuma and shibata, akihisa 2011 endogenous growth and fluctuations in an overlapping generations economy with credit market imperfections. Takuma kunieda city university of hong kong cb2400 5 19 the production function from econ cb2400 at city university of hong kong. Takuma kunieda school of economics, kwansei gakuin university tarishi matsuoka faculty of urban liberal arts, tokyo metropolitan university akihisa shibata institute of economic research, kyoto university february 2017. Credit market imperfections typically characterize a low quality. Inequality and institutional quality in a growth model ideasrepec. View the article pdf and any associated supplements and figures for a period. Takuma kunieda, department of economics and finance, city university of hong kong, p7315, academic building, 83 tat chee avenue, kowloon tong, hong kong. Decision making by individuals and firms takuma kunieda city university of hong kong cb2400 city university of. Acknowledgements oxford economic papers oxford academic.