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https://ah.lib.nccu.edu.tw/handle/140.119/111601
題名: | Macroeconomic (in)stability and endogenous market structure with productive government expenditure | 作者: | Chang, Cheng-Wei;Lai, Ching-Chong 賴景昌 |
貢獻者: | 經濟學系 | 關鍵詞: | congestion; endogenous market structure; internal returns to scale; local indeterminacy; productive government expenditure | 日期: | 四月-2017 | 上傳時間: | 31-七月-2017 | 摘要: | We consider the congestion effect of productive government spending in a monopolistic competition model with endogenous entry, and analyze the possibility of local indeterminacy. Some main findings emerge from the analysis. First, the indeterminacy condition is independent of the monopoly power. Second, productive government expenditure can be a source of local indeterminacy, while a higher degree of public goods congestion lessens the beneficial effect of productive government expenditure, and therefore reduces the possibility of indeterminacy. Third, a higher degree of internal returns to scale is associated with a lower possibility for the emergence of indeterminacy when production externalities are present. © 2017 Walter de Gruyter GmbH, Berlin/Boston 2017. | 關聯: | Studies in Nonlinear Dynamics and Econometrics, 21(2), 論文編號 20160002 | 資料類型: | article | DOI: | http://dx.doi.org/10.1515/snde-2016-0002 |
Appears in Collections: | 期刊論文 |
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