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Phu Nguyen-Van

Some Issues on the Vietnam Economic Growth

Xuất bản: 27 July, 2022

We first consider the question of the productivity of the economy of Vietnam at the macro level. With theoretical models and empirical data, we find out the Leontief production function, and its associated TFP (Total Factor Productivity). We show that...

Growth and convergence in a model with renewable and non-renewable resources: existence, transitional...

Xuất bản: 27 July, 2022

This paper studies an optimal endogenous growth model using physical capital, labor and two kinds of natural resources in the final goods sector and employing labor to accumulate knowledge. Based on results in calculus of variations, a direct proof of...

Risk and Inequality Aversion in Social Dilemmas.

Xuất bản: 27 July, 2022

We experimentally investigate cooperative behavior in a social dilemma situation, where the socially efficient outcome may be encouraged by risk aversion and/or inequality aversion.The first part of our experiment is devoted to the elicitation of subjects’...

Optimization incentive and relative riskiness in experimental coordination games

Xuất bản: 27 July, 2022

We compare the experimental results of three stag-hunt games. In contrast to Battalio et al. (2001), our design keeps the riskiness ratio of the payoff-dominant and the risk-dominant strategies at a constant level as the optimisation premium is increased....

Endogenous Fiscal Policies, Environmental Quality, and Status-Seeking Behavior

Xuất bản: 27 July, 2022

This paper analyzes endogenous fiscal policy in an endogenous growth model where agents care about social status and environmental quality. The quest for a higher status is assimilated to a preference for capital wealth. The government uses income tax...

Promoting clean technologies: The energy market structure crucially matters

Xuất bản: 27 July, 2022

We develop a general equilibrium vintage capital model with embodied energy- saving technological progress and an explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to be complementary...