| 標題：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 | 英文 |
| 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 | 新加坡 |
| 公開徵稿 | |
| 出版型式 | |
| 出處 | 光碟 |
| 相關連結 | |
