Business cycles in a general equilibrium dynamic model with land value and rent
This study shows economic oscillations due to periodic changes in some parameters in the economic model proposed by Zhang (2014). This paper generalizes Zhang’s model by allowing all the time-independent parameters to be time dependent. The model deals with the relationship between growth a...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2018-01-01
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| Series: | Ekonomski Anali |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2018/0013-32641816007Z.pdf |