Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 叶创基教授 (经济学系) |
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引用次数
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/12Scopus source URL
其它资讯
摘要The authors analyze an endogenous growth model with economy-wide increasing returns, in which a public input is essential for private production. Within such a framework, it is shown that a continuum of equilibria and global indeterminacy can arise for reasonable parameter values, simply due to the presence of endogenous public policy. This can potentially account for "leapfrogging" or retroceding growth experiences. It is demonstrated how fiscal policy can serve as a selection device among different convergent paths.
着者Palivos T., Yip C.K., Zhang J.
期刊名称REVIEW OF DEVELOPMENT ECONOMICS
出版年份2003
月份2
日期1
卷号7
期次1
出版社Blackwell Publishing Inc.
出版地United Kingdom
页次86 - 98
国际标準期刊号1363-6669
语言英式英语
