Congestible public goods and local indeterminacy: A two-sector endogenous growth model
學年 95
學期 2
出版（發表）日期 2007-07-01
作品名稱 Congestible public goods and local indeterminacy: A two-sector endogenous growth model
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 Amsterdam: Elsevier BV
著錄名稱、卷期、頁數 Journal of Economic Dynamics and Control 31(7), pp.2486-2518
摘要 This paper shows that the congestible public goods can generate local indeterminacy in a two-sector, constant-return human capital enhanced growth model. While the productive public good exerts positive sector-specific externalities, the congestion effect generates negative aggregate externalities. The sector-specific externalities alone arising from productive public goods cannot establish local indeterminacy without the combination of negative externality in a model with social constant return technology. Congestible public good generates local indeterminacy if the degree of productive public good externality and the degree of congestion effect are large enough. The condition for indeterminacy is independent of the factor intensity rankings. The conditions are quantitatively assessed and the required parameter values for the degrees of public good externality and congestion are consistent with the estimated values in existing literature.
關鍵字 Two-sector model;Congestible public good;Indeterminac
語言 en_US
ISSN 0165-1889
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 是
國別 NLD
公開徵稿
出版型式 紙本
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