Two-Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy
學年 97
學期 1
出版(發表)日期 2009-01-01
作品名稱 Two-Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy
作品名稱(其他語言)
著者 Chen, Been-lon; Lee, Shun-fa
單位 淡江大學產業經濟學系
出版者 Southern Economic Association
著錄名稱、卷期、頁數 Southern Economic Journal 75(3), pp.639-662
摘要 In existing two-sector, human capital–based endogenous growth models with social constant returns, local equilibrium indeterminacy emerges based upon either differential factor tax rates or sector-specific externalities. Two primary results are established in this paper. First, once there are productive public goods, the two existing mechanisms are not robust in establishing local indeterminacy. Second, with the congestion effect in the use of public services, local indeterminacy is regained.
關鍵字
語言 en
ISSN 0038-4038
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 USA
公開徵稿
出版型式 紙本
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