Indeterminacy and the properties of the utility function
學年 104
學期 2
發表日期 2016-07-27
作品名稱 Indeterminacy and the properties of the utility function
作品名稱（其他語言）
著者 Lee, Shun-Fa; Chen, Been-Lon; Raurich, Xavier
作品所屬單位
出版者
會議名稱 2016 Asia-Pacific Conference on Economics & Finance (APEF 2016)
會議地點 East Asia Institute of Management Campus, Ah Hood Road Singapore
摘要 This paper studies an infinite-horizon two-sector growth model with sector-specific externalities and preferences that are non-separable between consumption and leisure. We find that a larger income effect of the leisure demand increases the possibility of indeterminacy. We also find that a larger labor supply elasticity may increase or decrease the possibility of indeterminacy, depending on the intensity of the income effect. We show that these findings also hold in a one-sector growth model.
關鍵字 Indeterminacy;non-separable preferences;income effect;labor supply elasticity
語言 en
收錄於
會議性質 國際
校內研討會地點 無
研討會時間 20160727~20160728
通訊作者
國別 SGP
公開徵稿
出版型式
出處 光碟
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