J
Jeremy Greenwood
Researcher at University of Pennsylvania
Publications - 176
Citations - 16248
Jeremy Greenwood is an academic researcher from University of Pennsylvania. The author has contributed to research in topics: Technological change & Productivity. The author has an hindex of 47, co-authored 170 publications receiving 15239 citations. Previous affiliations of Jeremy Greenwood include University of Iowa & University of Western Ontario.
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Financial Development, Growth, and the Distribution of Income
Jeremy Greenwood,Boyan Jovanovic +1 more
TL;DR: In this paper, a paradigm is presented in which both the extent of financial intermediation and the rate of economic growth are endogenously determined, and the model also generates a development cycle reminiscent of the Kuznet hypothesis.
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Investment, Capacity Utilization and the Real Business Cycle
Jeremy Greenwood,Zvi Hercowitz +1 more
TL;DR: In this article, the authors adopt the Keynesian view that direct shocks to investment are important for business fluctuations, but incorporate them in a neo-classical framework where the rate of capital expenditure is fixed.
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Long-Run Implications of Investment-Specific Technological Change
TL;DR: The role of investment-specific technological change played in generating postwar US growth is investigated in this paper, where the introduction of new, more efficient capital goods is an important source of productivity change, and an attempt is made to disentangle its effects from the more traditional Hicks-neutral form of technological progress.
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Long-Run Implications of Investment-Specific Technological Change
TL;DR: In this paper, a balanced growth path for the model is characterized and calibrated to U.S. National Income and Product Account (NIPA) data, and quantitative analysis suggests that investment-specific technological change accounts for the major part of growth.
Journal ArticleDOI
Financial markets in development, and the development of financial markets
Jeremy Greenwood,Bruce D. Smith +1 more
TL;DR: In this paper, two models with endogenous market formation are presented to analyze the relationship between markets and development, and it is argued that markets promote growth, and that growth in turn encourages the formation of markets.