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    政大機構典藏 > 商學院 > 企業管理學系 > 期刊論文 >  Item 140.119/113122
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/113122


    Title: Fiscal Stimulus and Endogenous Firm Entry in a Monopolistic Competition Macroeconomic Model
    Authors: 賴景昌
    Chang, Cheng-Wei
    Lai, Ching-Chong
    Chang, Juin-Jen
    Contributors: 經濟學系
    Date: 2018-06
    Issue Date: 2017-09-22 17:43:30 (UTC+8)
    Abstract: This paper sets up a monopolistic competition model featuring the returns to production specialization. Some novel results are derived from the analysis. First, the effect of a fiscal stimulus on consumption may be positive or negative, depending crucially upon whether the production function is characterized by increasing or decreasing returns to production specialization. Second, following a fiscal expansion, increasing returns to specialization lead to a positive linkage between real wages and aggregate output, while decreasing returns to specialization result in a negative relationship between real wages and aggregate output. Third, a fiscal expansion may raise social welfare, provided that the degree of increasing returns to production specialization is sufficiently large.
    Relation: JAPANESE ECONOMIC REVIEW, 69(2), 207-225
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1111/jere.12155
    DOI: 10.1111/jere.12155
    Appears in Collections:[企業管理學系] 期刊論文

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