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題名 Fiscal Stimulus and Endogenous Firm Entry in a Monopolistic Competition Macroeconomic Model
作者 賴景昌
Chang, Cheng-Wei
Lai, Ching-Chong
Chang, Juin-Jen
貢獻者 經濟學系
日期 2018-06
上傳時間 22-Sep-2017 17:43:30 (UTC+8)
摘要 This paper sets up a monopolistic competition model featuring the returns to production specialization. Some novel results are derived from the analysis. First, the effect of a fiscal stimulus on consumption may be positive or negative, depending crucially upon whether the production function is characterized by increasing or decreasing returns to production specialization. Second, following a fiscal expansion, increasing returns to specialization lead to a positive linkage between real wages and aggregate output, while decreasing returns to specialization result in a negative relationship between real wages and aggregate output. Third, a fiscal expansion may raise social welfare, provided that the degree of increasing returns to production specialization is sufficiently large.
關聯 JAPANESE ECONOMIC REVIEW, 69(2), 207-225
資料類型 article
DOI http://dx.doi.org/10.1111/jere.12155
dc.contributor 經濟學系-
dc.creator (作者) 賴景昌zh_TW
dc.creator (作者) Chang, Cheng-Weien_US
dc.creator (作者) Lai, Ching-Chongen_US
dc.creator (作者) Chang, Juin-Jenen_US
dc.date (日期) 2018-06-
dc.date.accessioned 22-Sep-2017 17:43:30 (UTC+8)-
dc.date.available 22-Sep-2017 17:43:30 (UTC+8)-
dc.date.issued (上傳時間) 22-Sep-2017 17:43:30 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/113122-
dc.description.abstract (摘要) This paper sets up a monopolistic competition model featuring the returns to production specialization. Some novel results are derived from the analysis. First, the effect of a fiscal stimulus on consumption may be positive or negative, depending crucially upon whether the production function is characterized by increasing or decreasing returns to production specialization. Second, following a fiscal expansion, increasing returns to specialization lead to a positive linkage between real wages and aggregate output, while decreasing returns to specialization result in a negative relationship between real wages and aggregate output. Third, a fiscal expansion may raise social welfare, provided that the degree of increasing returns to production specialization is sufficiently large.en_US
dc.format.extent 291800 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) JAPANESE ECONOMIC REVIEW, 69(2), 207-225-
dc.title (題名) Fiscal Stimulus and Endogenous Firm Entry in a Monopolistic Competition Macroeconomic Modelen_US
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1111/jere.12155-
dc.doi.uri (DOI) http://dx.doi.org/10.1111/jere.12155-