The Issue of Endogenous Long-term Economic Growth

Authors

  • Sergey А. Dzyuba Far Eastern Federal University
  • Elizaveta S. Bulyga Far Eastern Federal University
  • Ekaterina R. Demidova Far Eastern Federal University

DOI:

https://doi.org/10.24866/2311-2271/2022-2/94-102

Keywords:

long-term growth, endogenous macroeconomic models, secular stagnation

Abstract

Macroeconomic models always consider long-term
economic growth as a positive value. However,
there are reasons to believe that it should be zero in
the long run. The paper discusses the ways to introduce zero growth in the model, and what consequences this has tu lead to. This will have a strong
effect on the cost of capital and therefore on the formulation of the transversality condition, debt financing mechanisms and the value of assets.

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Author Biographies

  • Sergey А. Dzyuba, Far Eastern Federal University

    - Dr. of Economics, Professor of the Department of Applied Economics of School of Economics and Management.

  • Elizaveta S. Bulyga, Far Eastern Federal University

    - student Economics of School of Economics and Management.

  • Ekaterina R. Demidova, Far Eastern Federal University

    - student Economics of School of Economics and Management.

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Published

19-10-2022

Issue

Vol. 102 No. 2 (2022): The bulletin of the Far Eastern Federal University. Economics and Management

Section

Articles

How to Cite

The Issue of Endogenous Long-term Economic Growth. (2022). Bulletin of the Far Eastern Federal University. Economics and Management, 102(2), 94-102. https://doi.org/10.24866/2311-2271/2022-2/94-102