(Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition

淡江大學機構典藏 > 商管學院 > 產業經濟學系暨研究所 > 期刊論文 > Item 987654321/23841

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题名:	(Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition
作者:	蕭明福;Shaw, Ming-fu;Chang, Juin-jen;Lai, Ching-chong
贡献者:	淡江大學產業經濟學系
关键词:	Optimal fiscal and monetary policy;Economic growth;Imperfect competition
日期:	2006-03
上传时间:	2009-11-30 17:55:45 (UTC+8)
出版者:	Elsevier BV
摘要:	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.
關聯:	Economics letters 90(3), pp.412-420
DOI:	10.1016/j.econlet.2005.10.002
显示于类别:	[產業經濟學系暨研究所] 期刊論文

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