淡江大學機構典藏:Item 987654321/23841
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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/23841


    Title: (Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition
    Authors: 蕭明福;Shaw, Ming-fu;Chang, Juin-jen;Lai, Ching-chong
    Contributors: 淡江大學產業經濟學系
    Keywords: Optimal fiscal and monetary policy;Economic growth;Imperfect competition
    Date: 2006-03
    Issue Date: 2009-11-30 17:55:45 (UTC+8)
    Publisher: Elsevier BV
    Abstract: This paper shows that if capital generates production externality, there exists a wedge between returns to money and to capital, driving the Friedman rule is not optimal. However, in the absence of capital externality, the Friedman rule may be valid even under imperfect competition.
    Relation: Economics letters 90(3), pp.412-420
    DOI: 10.1016/j.econlet.2005.10.002
    Appears in Collections:[Graduate Institute & Department of Industrial Economics] Journal Article

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