政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78264
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 91913/122132 (75%)
造访人次 : 25772832      在线人数 : 152
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    请使用永久网址来引用或连结此文件: http://nccur.lib.nccu.edu.tw/handle/140.119/78264


    题名: Inflation, R&D and growth in an open economy
    作者: Chu, Angus C.;Cozzi, Guido;Lai, Ching-Chong;Liao, Chih-Hsing
    賴景昌
    贡献者: 經濟系
    关键词: Inflation;Economic growth;R&D;Trade in intermediate goods
    日期: 2015-07
    上传时间: 2015-09-03 16:59:26 (UTC+8)
    摘要: This study explores the long-run effects of inflation in a two-country Schumpeterian growth model with cash-in-advance constraints on consumption and R&D investment. We find that increasing domestic inflation reduces domestic R&D investment and the growth rate of domestic technology. Given that economic growth in a country depends on both domestic and foreign technologies, increasing foreign inflation also affects the domestic economy. When each government conducts its monetary policy unilaterally to maximize the welfare of domestic households, the Nash-equilibrium inflation rates are generally higher than the optimal inflation rates chosen by cooperative governments who maximize the welfare of both domestic and foreign households. Under the CIA constraint on R&D (consumption), a larger market power of firms amplifies (mitigates) this inflationary bias. We use cross-country panel data to estimate the effects of inflation on R&D and also calibrate the two-country model to data in the Euro Area and the US to quantify the welfare effects of decreasing the inflation rates from the Nash equilibrium to the optimal level.
    關聯: Journal of International Economics, 96(2), 360-374
    数据类型: article
    DOI 連結: http://dx.doi.org/10.1016/j.jinteco.2015.03.007
    DOI: 10.1016/j.jinteco.2015.03.007
    显示于类别:[經濟學系] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    360-374.pdf574KbAdobe PDF505检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈