Browsing Centre for Applied Macro- and Petroleum economics (CAMP) by Author "Valente, Simone"
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China’s Savings Multiplier
Mehlum, Halvor; Torvik, Ragnar; Valente, Simone (CAMP Working Paper Series;4/2013, Working paper, 2013)China’s growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings. In this paper we develop a model with the aim of explaining why savings rates have been high and ... -
Growth with Age-Dependent Preferences
Mehlum, Halvor; Torvik, Ragnar; Valente, Simone (CAMP Working Paper Series Paper No. 14/2018;, Working paper, 2018-12-10)We study the consequences of age-dependent preferences for economic growth and structural change in a two-sector model with overlapping generations and nondimishing returns to capital. Savings and accumulation rates depend ...