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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: https://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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