期刊論文
| 學年 | 93 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2005-07-01 |
| 作品名稱 | Productive Public Expenditure and Imperfect Competition with Endogenous Price Markup |
| 作品名稱（其他語言） | |
| 著者 | Chen, Jhy-hwa; Shieh, Jhy-yuan; Lai, Ching-chong |
| 單位 | 淡江大學經濟學系 |
| 出版者 | Oxford University Press |
| 著錄名稱、卷期、頁數 | Oxford economic papers 57(3), p.522-544 |
| 摘要 | This paper incorporates the productivity role of government expenditure into the imperfectly competitive macroeconomic model and re-examines the important findings on the fiscal multiplier proposed by Dixon (1987) , Mankiw (1988) , and Startz (1989) . Generally speaking, we find that the classical results of imperfect competition models should be modified when the productivity role of government expenditure is taken into account. The short-run fiscal multiplier may be positive or negative, depending crucially upon whether the public infrastructure and the private input are technical substitutes or complements for each other. The short-run fiscal multiplier does not necessarily exceed the corresponding long-run multiplier. If public expenditure and private inputs are technically substitutes, the long-run fiscal multiplier may exceed the short-run fiscal multiplier. Additionally, in the long-term analysis, the dynamics of entry is investigated. In response to a change in government policy, the novel transitions of output and entry provide us with important policy implications. |
| 關鍵字 | JEL classification: E12;E62;H54 |
| 語言 | en |
| ISSN | 0030-7653 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/24788 ) |