| dc.contributor | 經濟系 | |
| dc.creator (作者) | Chin, Chin C.-T.;Guo, J.-T.;Lai, Ching-Chong | |
| dc.creator (作者) | 賴景昌 | zh_TW |
| dc.date (日期) | 2012 | |
| dc.date.accessioned | 14-May-2015 17:39:11 (UTC+8) | - |
| dc.date.available | 14-May-2015 17:39:11 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-May-2015 17:39:11 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/75150 | - |
| dc.description.abstract (摘要) | This note analytically examines the interrelations between macroeconomic (in)stability and investment adjustment costs in a one-sector endogenously growing small-open economy representative-agent model. We show that under costly capital accumulation, the economy exhibits indeterminacy and sunspots if and only if the equilibrium wage-hours locus slopes upward and is steeper than the household`s labor supply curve. By contrast, the economy without adjustment costs for capital investment always displays saddlepath stability and equilibrium uniqueness, regardless of the degree of increasing returns inaggregate production. Copyright © 2012 Cambridge University Press. | |
| dc.format.extent | 106735 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Macroeconomic Dynamics, 16(S3), 438-450 | |
| dc.title (題名) | A note on indeterminacy and investment adjustment costs in an endogenously growing small open economy | |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1017/S1365100510000969 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1017/S1365100510000969 | |
