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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/34437
標題: | 政府政策與內生波動 Fiscal Policies and Endogenous Fluctuations in a Growing Economy |
作者: | Shun-Fa Lee 李順發 |
指導教授: | 陳明郎(Been-Lon Chen) |
關鍵字: | 複均衡,政府財政政策,經濟成長, Indeterminacy,Fiscal Policies,Endogenous Growth, |
出版年 : | 2006 |
學位: | 博士 |
摘要: | Some externalities and fiscal policies are examined based on macroeconomic stability in a two-sector growing economy. The concept of aggregate instability is the idea of indeterminacy or sunspot equilibrium. Meanwhile, the preconditions for indeterminacy are explored and compared to those in existing literature. We find that regardless of the nature of public goods, earmarked tax contributes to aggregate stabilization, while general fund financing may be destabilizing. Moreover, sufficiently large congestion effect along with productive public spending is a channel to exert aggregate instability. Finally, our preconditions for indeterminacy are independent of particular factor intensity comparison and under a wide range of the time preference rates and the intertemporal elasticity of substitution. Thus, intersectoral externalities are more robust and easier to establish indeterminacy than sector-specific externalities. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/34437 |
全文授權: | 有償授權 |
顯示於系所單位: | 經濟學系 |
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