淡江大學機構典藏:Item 987654321/50327
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    题名: Two-Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy
    作者: Chen, Been-lon;Lee, Shun-fa
    贡献者: 淡江大學產業經濟學系
    日期: 2009-01
    上传时间: 2010-08-09 15:35:30 (UTC+8)
    出版者: Southern Economic Association
    摘要: In existing two-sector, human capital–based endogenous growth models with social constant returns, local equilibrium indeterminacy emerges based upon either differential factor tax rates or sector-specific externalities. Two primary results are established in this paper. First, once there are productive public goods, the two existing mechanisms are not robust in establishing local indeterminacy. Second, with the congestion effect in the use of public services, local indeterminacy is regained.
    關聯: Southern Economic Journal 75(3), pp.639-662
    显示于类别:[產業經濟學系暨研究所] 期刊論文

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