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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 2017-04
上傳時間 31-Jul-2017 15:35:35 (UTC+8)
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
dc.contributor 經濟學系-
dc.creator (作者) Chang, Cheng-Wei;Lai, Ching-Chongen_US
dc.creator (作者) 賴景昌zh_TW
dc.date (日期) 2017-04-
dc.date.accessioned 31-Jul-2017 15:35:35 (UTC+8)-
dc.date.available 31-Jul-2017 15:35:35 (UTC+8)-
dc.date.issued (上傳時間) 31-Jul-2017 15:35:35 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/111601-
dc.description.abstract (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.-
dc.format.extent 628763 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Studies in Nonlinear Dynamics and Econometrics, 21(2), 論文編號 20160002-
dc.subject (關鍵詞) congestion; endogenous market structure; internal returns to scale; local indeterminacy; productive government expenditure-
dc.title (題名) Macroeconomic (in)stability and endogenous market structure with productive government expenditureen_US
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1515/snde-2016-0002-
dc.doi.uri (DOI) http://dx.doi.org/10.1515/snde-2016-0002-