Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/233514 
Autor:innen: 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Journal of Mathematical Economics and Finance [ISSN:] 2458-0813 [Issue:] forthcoming [Publisher:] ASERS Publishing Group [Place:] Craiova [Year:] 2021
Verlag: 
ASERS Publishing Group, Craiova
Zusammenfassung: 
We allow for an endogenous depreciation rate of physical capital stock into a real-business-cycle model with a government sector. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2018). We investigate the quantitative importance of the endogenous depreciation rate, and indirectly, the capital utilization mechanism for cyclical fluctuations in Bulgaria. Allowing for endogenous variations in the depreciation rate of capital improves the model performance against data, and in addition this extended setup dominates the standard RBC model framework with constant depreciation and a fi xed utilization rate of physical capital, and a fixed depreciation tate e.g., Vasilev (2009).
Schlagwörter: 
Business cycle fluctuations
capital utilization rate
endogenous depreciation rate
Bulgaria
JEL: 
E32
E22
E37
URL der Erstveröffentlichung: 
Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)
Erscheint in der Sammlung:

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