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Fiscal policy and indeterminacy in models of endogenous growth

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  • Ben-Gad, Michael

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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 108 (2003)
Issue (Month): 2 (February)
Pages: 322-344

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Handle: RePEc:eee:jetheo:v:108:y:2003:i:2:p:322-344

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Web page: http://www.elsevier.com/locate/inca/622869

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  1. Cogley, Timothy & Nason, James M, 1995. "Output Dynamics in Real-Business-Cycle Models," American Economic Review, American Economic Association, American Economic Association, vol. 85(3), pages 492-511, June.
  2. Pintus, P. & Sands, D. & de Vilder, R., 1998. "On the Transition from Local Regular to Global Iregular Fluctuations," Papers, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. 9818, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
  3. Mino, Kazuo, 2001. "Indeterminacy and Endogenous Growth with Social Constant Returns," Journal of Economic Theory, Elsevier, Elsevier, vol. 97(1), pages 203-222, March.
  4. Benhabib, Jess & Farmer, Roger E A, 1996. "Indeterminacy and Sector-specific Externalities," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1403, C.E.P.R. Discussion Papers.
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  6. Mendoza, Enrique G. & Razin, Assaf & Tesar, Linda L., 1994. "Effective tax rates in macroeconomics: Cross-country estimates of tax rates on factor incomes and consumption," Journal of Monetary Economics, Elsevier, Elsevier, vol. 34(3), pages 297-323, December.
  7. Mino, Kazuo, 1996. "Analysis of a Two-Sector Model of Endogenous Growth with Capital Income Taxation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(1), pages 227-51, February.
  8. Roberto Perli, 1995. "Indeterminacy, Home Production, and the Business Cycle: a Calibrated Analysis," Home Pages _042, University of Pennsylvania.
  9. Chamley, Christophe, 1993. "Externalities and Dynamics in Models of "Learning or Doing."," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(3), pages 583-609, August.
  10. Nancy L. Stokey & Sergio Rebelo, 1993. "Growth Effects of Flat-Rate Taxes," NBER Working Papers 4426, National Bureau of Economic Research, Inc.
  11. Jess Benhabib & Boyan Jovanovic, 1989. "Externalities and Growth Accounting," NBER Working Papers 3190, National Bureau of Economic Research, Inc.
  12. Jean-Michel Grandmont & P, A, Pintus & R, De Vilder, 1997. "Capital-Labor Substitution and Competitive Nonlinear Endogenous Business Cycles," Working Papers, Centre de Recherche en Economie et Statistique 97-28, Centre de Recherche en Economie et Statistique.
  13. Schmitt-Grohe, Stephanie & Uribe, Martin, 1997. "Balanced-Budget Rules, Distortionary Taxes, and Aggregate Instability," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 105(5), pages 976-1000, October.
  14. Burnside, Craig, 1996. "Production function regressions, returns to scale, and externalities," Journal of Monetary Economics, Elsevier, Elsevier, vol. 37(2-3), pages 177-201, April.
  15. Farmer Roger E. A. & Guo Jang-Ting, 1994. "Real Business Cycles and the Animal Spirits Hypothesis," Journal of Economic Theory, Elsevier, Elsevier, vol. 63(1), pages 42-72, June.
  16. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
  17. Weder, Mark, 1997. "Animal spirits, technology shocks and the business cycle," SFB 373 Discussion Papers 1997,61, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
  18. Donald S. Siegel & Catherine J. Morrison Paul, 1999. "Scale Economies and Industry Agglomeration Externalities: A Dynamic Cost Function Approach," American Economic Review, American Economic Association, American Economic Association, vol. 89(1), pages 272-290, March.
  19. McGrattan, Ellen R., 1994. "The macroeconomic effects of distortionary taxation," Journal of Monetary Economics, Elsevier, Elsevier, vol. 33(3), pages 573-601, June.
  20. Wen, Yi, 1998. "Capacity Utilization under Increasing Returns to Scale," Journal of Economic Theory, Elsevier, Elsevier, vol. 81(1), pages 7-36, July.
  21. Xavier Raurich, 2001. "Indeterminancy and Government Spending in a Two-Sector Model of Endogenous Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 210-229, January.
  22. Farmer, Roger E. A. & Jang-Ting, Guo, 1995. "The econometrics of indeterminacy: an applied study," Carnegie-Rochester Conference Series on Public Policy, Elsevier, Elsevier, vol. 43(1), pages 225-271, December.
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Cited by:
  1. Arantza Gorostiaga & Jana Hromcová & Miguel-Ángel López-García, 2013. "Optimal taxation in the Uzawa–Lucas model with externality in human capital," Journal of Economics, Springer, Springer, vol. 108(2), pages 111-129, March.
  2. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," Working Paper Series, The Rimini Centre for Economic Analysis 01_12, The Rimini Centre for Economic Analysis.
  3. Ben-Gad, M., 2009. "The two sector endogenous growth model: an atlas," Working Papers, Department of Economics, City University London 09/02, Department of Economics, City University London.
  4. Garcia-Belenguer, Fernando, 2007. "Stability, global dynamics and Markov equilibrium in models of endogenous economic growth," Journal of Economic Theory, Elsevier, Elsevier, vol. 136(1), pages 392-416, September.
  5. Chen, Been-Lon & Lee, Shun-Fa, 2008. "Corrigendum to "Congestible public goods and local indeterminacy: A two-sector endogenous growth model": [Journal of Economic Dynamics & Control 31 (7) (2007) 2486-2518]," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(4), pages 1356-1356, April.
  6. Michael Ben-Gad, 2008. "Capital-Skill Complementarity and the Immigration Surplus," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(2), pages 335-365, April.
  7. Been-Lon Chen & Shun-Fa Lee, 2005. "Congestible Public Goods and Indeterminacy in a Two-sector Endogenous Growth Model," IEAS Working Paper : academic research 05-A003, Institute of Economics, Academia Sinica, Taipei, Taiwan.
  8. Paulo Brito & Alain Venditti, 2009. "Local and global indeterminacy in two-sector models of endogenous growth," Working Papers halshs-00408018, HAL.
  9. Chakraborty, Bidisha & Gupta, Manash Ranjan, 2009. "Human capital, inequality, endogenous growth and educational subsidy: A theoretical analysis," Research in Economics, Elsevier, Elsevier, vol. 63(2), pages 77-90, June.
  10. Chen, Been-Lon & Lee, Shun-Fa, 2008. "General fund financing, earmarking, economic stabilization and welfare," MPRA Paper 27666, University Library of Munich, Germany.
  11. Gomez Suarez, Manuel A., 2008. "Utility and production externalities, equilibrium efficiency and leisure specification," Journal of Macroeconomics, Elsevier, Elsevier, vol. 30(4), pages 1496-1519, December.
  12. Hyun Park, 2009. "Ramsey fiscal policy and endogenous growth," Economic Theory, Springer, Springer, vol. 39(3), pages 377-398, June.
  13. Michael Ben-Gad, 2008. "The Two Sector Endogenous Growth Model and the Intertemporal Elasticity of Substitution: An Atlas," 2008 Meeting Papers 512, Society for Economic Dynamics.
  14. Bidisha Chakraborty & Manash Ranjan Gupta, 2006. "A Note on the Inclusion of Human Capital in the Lucas Model," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 5(3), pages 211-224, December.
  15. García-Belenguer, Fernando, 2006. "Stability, Global Dynamics and Markov Equilibrium in Models of Economic Growth," Working Papers in Economic Theory 2006/05, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).

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