教師資料查詢 | 類別: 期刊論文 | 教師: 陳智華 Jhy-hwa Chen (瀏覽個人網頁)

標題:Productive public expenditure and imperfect competition with endogenous price markup
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), pp.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
語言英文
ISSN0030-7653
期刊性質國外
收錄於
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,電子版
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