Essays in macroeconomics, finance and growth / Gustavo José Camilo Vincent.

Format:

Book

Manuscript

Thesis/Dissertation

Author/Creator:

Camilo Vincent, Gustavo José, author.

Contributor:

Krueger, Dirk, degree supervisor, degree committee member.

Gomes, João, degree supervisor, degree committee member.

Fieler, Ana Cecilia, degree committee member.

University of Pennsylvania. Department of Economics, degree granting institution.

Language:

English

Subjects (All):

Penn dissertations--Economics.

Economics--Penn dissertations.

Local Subjects:

Penn dissertations--Economics.

Economics--Penn dissertations.

Physical Description:

xiii, 111 leaves : color illustrations ; 29 cm

Production:

[Philadelphia, Pennsylvania] : University of Pennsylvania, 2016.

Summary:

This dissertation studies the growth process from two different approaches. First, the measurement of misallocation of production inputs in China is analyzed within the context of a dynamic investment model that presents adjustment costs, with the purpose of assessing how much of the measured misallocation arises due to the presence of these costs. Given that these are technological constraints, rather than imperfections in markets or distortions arising from sub-optimal institutional features of a country, these are unavoidable. Thus, the potential aggregate productivity gains that would arise in a static model if inputs were perfectly allocated are over estimated, as these would be faced also by a social planner. Second, the product cycle as a feature of economic growth is studied. Using historical data from the United States, a model where growth occurs through innovations where production and entry-exit dynamics is estimated, and we use it to learn about the features of the product cycle: the number of firms operating in a sector peaks at 19 years and the number of firms that they imply varies greatly, yet how much output they imply is much more compact.

Notes:

Ph. D. University of Pennsylvania 2016.

Department: Economics.

Supervisor: Dirk Krueger; João Gomes.

Includes bibliographical references.

OCLC:

961021795