Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 杜巨澜教授 (经济学系) |
全文
| 没有全文档案提供 |
引用次数
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/2Scopus source URL
其它资讯
摘要The paper uses a dynamic equilibrium model to explain the concurrence of economic growth and business cycles. Introducing durable goods into a model with ex-ante identical consumer-producers and economies of specialized learning-by-doing, the author shows that when job-shifting costs, economies of specialized learning-by-doing, and trading efficiency are sufficiently large, a dynamic equilibrium with business cycles and unemployment might be Pareto superior to noncyclical growth patterns. Long-run cyclical unemployment still exists when the credit market is imperfect. Extending the model into overlapping generations framework, the author shows that complete division of labor with business cycles would still occur in equilibrium.
着者Du J.
期刊名称REVIEW OF DEVELOPMENT ECONOMICS
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2003
月份5
日期1
卷号7
期次http://aims.cuhk.edu.hk/converis/portal/Publication/2
出版社Blackwell Publishing Inc.
出版地United Kingdom
页次http://aims.cuhk.edu.hk/converis/portal/Publication/266 - http://aims.cuhk.edu.hk/converis/portal/Publication/278
国际标準期刊号1363-6669
语言英式英语
