English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 92776/123147 (75%)
Visitors : 26984047      Online Users : 603
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/75150

    Title: A note on indeterminacy and investment adjustment costs in an endogenously growing small open economy
    Authors: Chin, Chin C.-T.;Guo, J.-T.;Lai, Ching-Chong
    Contributors: 經濟系
    Date: 2012
    Issue Date: 2015-05-14 17:39:11 (UTC+8)
    Abstract: This note analytically examines the interrelations between macroeconomic (in)stability and investment adjustment costs in a one-sector endogenously growing small-open economy representative-agent model. We show that under costly capital accumulation, the economy exhibits indeterminacy and sunspots if and only if the equilibrium wage-hours locus slopes upward and is steeper than the household's labor supply curve. By contrast, the economy without adjustment costs for capital investment always displays saddlepath stability and equilibrium uniqueness, regardless of the degree of increasing returns inaggregate production. Copyright © 2012 Cambridge University Press.
    Relation: Macroeconomic Dynamics, 16(S3), 438-450
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1017/S1365100510000969
    DOI: 10.1017/S1365100510000969
    Appears in Collections:[經濟學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    438-450.pdf104KbAdobe PDF592View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback