IDEAS home Printed from https://ideas.repec.org/e/c/ptu5.html
   My authors  Follow this author

Stephen J Turnovsky

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Bruce, Neil & Turnovsky, Stephen J, 1999. "Budget Balance, Welfare, and the Growth Rate: "Dynamic Scoring" of the Long-Run Government Budget," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(2), pages 162-186, May.

    Mentioned in:

    1. Buscando la curva de Laffer desesperadamente
      by admin in Nada Es Gratis on 2020-02-26 06:07:46
  2. Garcia-Penalosa, Cecilia & Turnovsky, Stephen J., 2005. "Production risk and the functional distribution of income in a developing economy: tradeoffs and policy responses," Journal of Development Economics, Elsevier, vol. 76(1), pages 175-208, February.

    Mentioned in:

    1. Volatility Drives Income Inequality
      by vngalasso in Toppling Inequality on 2012-09-08 17:56:43

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Turnovsky, Stephen J & Wohar, Mark E, 1987. "Alternative Modes of Deficit Financing and Endogeneous Monetary and Fiscal Policy in the U.S.A. 1923-1982," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 2(1), pages 1-25, January.

    Mentioned in:

    1. Alternative modes of deficit financing and endogneous monetary and fiscal policy in the U.S.A. 1923–1982 (Journal of Applied Econometrics 1987) in ReplicationWiki ()
  2. Turnovsky, Stephen J. & Fisher, Walter H., 1995. "The composition of government expenditure and its consequences for macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 19(4), pages 747-786, May.

    Mentioned in:

    1. Stephen J. Turnovsky in Wikipedia (German)
  3. Author Profile
    1. Stephen J. Turnovsky in Wikipedia (German)

Working papers

  1. Yoseph Y. Getachew & Stephen J. Turnovsky, 2020. "Redistribution, Inequality, and Efficiency with Credit Constraints," Working Papers 202028, University of Pretoria, Department of Economics.

    Cited by:

    1. Cuesta, Lizeth & Ruiz, Yomara, 2021. "Efecto de la globalización sobre la desigualdad. Un estudio global para 104 países usando regresiones cuantílicas [Effect of globalization on inequality. A global study for 104 countries using quan," MPRA Paper 111022, University Library of Munich, Germany.
    2. Gupta, Sanjeev & Jalles, João Tovar, 2022. "Do tax reforms affect income distribution? Evidence from developing countries," Economic Modelling, Elsevier, vol. 110(C).
    3. Wenguang Yu & Bing Li & Xianghan Zhu, 2021. "Income Redistribution Effect of Raising the Overall Planning Level of Basic Endowment Insurance for Urban Employees in China," Sustainability, MDPI, vol. 13(2), pages 1-29, January.

  2. Dioikitopoulos, Evangelos & Turnovsky, Stephen & Wendner, Ronald, 2017. "Dynamic Status Effects, Savings, and Income Inequality," MPRA Paper 81005, University Library of Munich, Germany.

    Cited by:

    1. Kirill Borissov & Nigar Hashimzade, 2021. "Fiscal policy and inequality in a model with endogenous positional concerns," Papers 2107.00410, arXiv.org.
    2. Herold, Florian & Kuzmics, Christoph, 2016. "The evolution of taking roles," BERG Working Paper Series 115, Bamberg University, Bamberg Economic Research Group.
    3. Bolh, Nathalie & Wendner, Ronald, 2021. "Conspicuous leisure, time allocation, and obesity Kuznets curves," MPRA Paper 108644, University Library of Munich, Germany.
    4. Mathieu-Bolh, Nathalie & Wendner, Ronald, 2020. "We are what we eat: Obesity, income, and social comparisons," European Economic Review, Elsevier, vol. 128(C).
    5. Jaime Alonso‐Carrera & Stéphane Bouché, 2024. "Intergenerational Transmission of Preferences and the Operativeness of Bequest Motive," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(4), pages 899-932, June.
    6. Christoph Zwick, 2018. "On the origin of current account deficits in the Euro area periphery: A DSGE perspective," Graz Economics Papers 2018-02, University of Graz, Department of Economics.
    7. Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2024. "Present-Biased Envy, Inequality, and Growth," CESifo Working Paper Series 11090, CESifo.
    8. Jatmiko, Wahyu & Ebrahim, M. Shahid & Smaoui, Houcem, 2023. "Sukūk development and income inequality," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
    9. Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2022. "General Equilibrium and Dynamic Inconsistency," CESifo Working Paper Series 9846, CESifo.

  3. Yoseph Getachew & Stephen Turnovsky, 2015. "Productive Government Spending and its Consequences for the Growth–Inequality Tradeoff," Working Papers 201520, University of Pretoria, Department of Economics.

    Cited by:

    1. Gibson John & Rioja Felix, 2020. "The welfare effects of infrastructure investment in a heterogeneous agents economy," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-17, January.
    2. Bom, Pedro R.D. & Erauskin, Iñaki, 2021. "Productive government investment and the labor share," MPRA Paper 108381, University Library of Munich, Germany.
    3. Chetan Ghate & Gerhard Glomm & Jialu Liu Streeter, 2016. "Sectoral Infrastructure Investments in an Unbalanced Growing Economy: The Case of Potential Growth in India," Asian Development Review, MIT Press, vol. 33(2), pages 144-166, September.
    4. Ales Marsal & Lorant Kaszab & Roman Horvath, 2017. "Government Spending and the Term Structure of Interest Rates in a DSGE Model," Working and Discussion Papers WP 3/2017, Research Department, National Bank of Slovakia.
    5. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    6. Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," Working Papers 201768, University of Pretoria, Department of Economics.
    7. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    8. Erauskin, Iñaki & Turnovsky, Stephen J., 2020. "Financial globalization and its consequences for productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 66(C).
    9. Mr. Shekhar Aiyar & Mr. Christian H Ebeke, 2019. "Inequality of Opportunity, Inequality of Income and Economic Growth," IMF Working Papers 2019/034, International Monetary Fund.
    10. John Gibson & Felix Rioja, 2017. "Public Infrastructure Maintenance And The Distribution Of Wealth," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 175-186, January.
    11. Chang Cheng-Wei & Lai Ching-Chong, 2017. "Macroeconomic (in)stability and endogenous market structure with productive government expenditure," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 21(2), pages 1-16, April.
    12. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.
    13. Hajamini, Mehdi, 2020. "Analyzing the Causal Relationships between Economic Growth, Income Inequality, and Transmission Channels: New Empirical Evidences from Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 15(3), pages 313-342, July.

  4. Cecilia Garcia-Peñalosa & Stephen Turnovsky, 2013. "Income Inequality, Mobility and the Accumulation of Capital," CESifo Working Paper Series 4559, CESifo.

    Cited by:

    1. Chan, Ying Tung & Yang, Yibai & Zheng, Zhijie, 2022. "Effects of R&D policy on income inequality in a growth model with heterogeneous assets and skills," Economics Letters, Elsevier, vol. 213(C).
    2. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    3. Toda, Alexis Akira, 2015. "A Note on the Size Distribution of Consumption: More Double Pareto than Lognormal," MPRA Paper 78979, University Library of Munich, Germany.
    4. Daisuke Miyashita, 2023. "Public debt and income inequality in an endogenous growth model with elastic labor supply," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 447-472, August.
    5. Zheng, Zhijie & Huang, Chien-Yu & Wan, Xi, 2020. "Human Capital and Income Inequality in a Monetary Schumpeterian Growth Model," MPRA Paper 101912, University Library of Munich, Germany.
    6. Zheng, Zhijie & Wan, Xi & Huang, Chien-Yu, 2023. "Inflation and income inequality in a Schumpeterian economy with heterogeneous wealth and skills," Economic Modelling, Elsevier, vol. 121(C).

  5. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.

    Cited by:

    1. Zheng, Zhijie & Huang, Chien-Yu & Wan, Xi, 2020. "Human Capital and Income Inequality in a Monetary Schumpeterian Growth Model," MPRA Paper 101912, University Library of Munich, Germany.

  6. Yu-chin Chen & Stephen J. Turnovsky & Eric Zivot, 2011. "Forecasting Inflation using Commodity Price Aggregates," Working Papers UWEC-2011-14, University of Washington, Department of Economics.

    Cited by:

    1. Olalude, Gbenga Adelekan & Olayinka, Hammed Abiola & Ankeli, Uchechi Constance, 2020. "Modelling and forecasting inflation rate in Nigeria using ARIMA models," MPRA Paper 105342, University Library of Munich, Germany, revised Dec 2020.
    2. Sipan Aslan & Ceylan Yozgatligil & Cem Iyigun, 2018. "Temporal clustering of time series via threshold autoregressive models: application to commodity prices," Annals of Operations Research, Springer, vol. 260(1), pages 51-77, January.
    3. Afees A. Salisu & Ahamuefula Ephraim Ogbonna, 2017. "Improving the Predictive ability of oil for inflation: An ADL-MIDAS Approach," Working Papers 025, Centre for Econometric and Allied Research, University of Ibadan.
    4. Duncan, Roberto & Martínez-García, Enrique, 2019. "New perspectives on forecasting inflation in emerging market economies: An empirical assessment," International Journal of Forecasting, Elsevier, vol. 35(3), pages 1008-1031.
    5. Ding, Shusheng & Wang, Kaihao & Cui, Tianxiang & Du, Min, 2023. "The time-varying impact of geopolitical risk on natural resource prices: The post-COVID era evidence," Resources Policy, Elsevier, vol. 86(PB).
    6. Salisu, Afees A. & Adediran, Idris A. & Oloko, Tirimisiyu O. & Ohemeng, William, 2020. "The heterogeneous behaviour of the inflation hedging property of cocoa," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    7. Salisu, Afees A. & Ademuyiwa, Idris & Isah, Kazeem O., 2018. "Revisiting the forecasting accuracy of Phillips curve: The role of oil price," Energy Economics, Elsevier, vol. 70(C), pages 334-356.
    8. Soliman, Alaa M. & Lau, Chi Keung & Cai, Yifei & Sarker, Provash Kumer & Dastgir, Shabbir, 2023. "Asymmetric Effects of Energy Inflation, Agri-inflation and CPI on Agricultural Output: Evidence from NARDL and SVAR Models for the UK," Energy Economics, Elsevier, vol. 126(C).
    9. Salisu, Afees A. & Adediran, Idris A., 2019. "Assessing the inflation hedging potential of coal and iron ore in Australia," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
    10. Mehmet Balcilar & Nico Katzke & Rangan Gupta, 2015. "Do Precious Metal Prices Help in Forecasting South African Inflation?," Working Papers 03/2015, Stellenbosch University, Department of Economics.
    11. Sun, Yuying & Hong, Yongmiao & Wang, Shouyang & Zhang, Xinyu, 2023. "Penalized time-varying model averaging," Journal of Econometrics, Elsevier, vol. 235(2), pages 1355-1377.
    12. Shiu-Sheng Chen, 2016. "Commodity prices and related equity prices," Canadian Journal of Economics, Canadian Economics Association, vol. 49(3), pages 949-967, August.
    13. Panpan Zhu & Qingjie Zhou & Yinpeng Zhang, 2024. "Investor attention and consumer price index inflation rate: Evidence from the United States," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    14. Afees A. Salisu & Kazeem Isah, 2017. "Predicting US CPI-Inflation in the presence of asymmetries, persistence, endogeneity, and conditional heteroscedasticity," Working Papers 026, Centre for Econometric and Allied Research, University of Ibadan.
    15. Martin Enilov, 2024. "The predictive power of commodity prices for future economic growth: Evaluating the role of economic development," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 3040-3062, July.
    16. Abdulkader C. Mahomedy & Elias Udeaja & Kazeem Isah & Ojo Adelakun & Yusuf Yakubua, 2022. "Revisiting the accuracy of inflation forecasts in Nigeria: The oil price-exchange rate-asymmetry perspectives," Working Papers 875, Economic Research Southern Africa.
    17. Felipe Leal & Carlos Molina & Eduardo Zilberman, 2020. "Proyección de la Inflación en Chile con Métodos de Machine Learning," Working Papers Central Bank of Chile 860, Central Bank of Chile.
    18. Garcia, Márcio G.P. & Medeiros, Marcelo C. & Vasconcelos, Gabriel F.R., 2017. "Real-time inflation forecasting with high-dimensional models: The case of Brazil," International Journal of Forecasting, Elsevier, vol. 33(3), pages 679-693.
    19. Fasanya, Ismail O. & Awodimila, Crystal P., 2020. "Are commodity prices good predictors of inflation? The African perspective," Resources Policy, Elsevier, vol. 69(C).
    20. Medeiros, Marcelo C & Vasconcelos, Gabriel & Freitas, Eduardo, 2016. "Forecasting Brazilian Inflation with High-Dimensional Models," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 36(2), November.
    21. Kassouri, Yacouba & Altıntaş, Halil, 2020. "Commodity terms of trade shocks and real effective exchange rate dynamics in Africa's commodity-exporting countries," Resources Policy, Elsevier, vol. 68(C).
    22. Afees A. Salisu & Ahamuefula Ephraim Ogbonna, 2017. "Forecasting GDP with energy series: ADL-MIDAS vs. Linear Time Series Models," Working Papers 035, Centre for Econometric and Allied Research, University of Ibadan.
    23. Nyoni, Thabani & Nathaniel, Solomon Prince, 2018. "Modeling rates of inflation in Nigeria: an application of ARMA, ARIMA and GARCH models," MPRA Paper 91351, University Library of Munich, Germany.
    24. Nikitopoulos, Christina Sklibosios & Thomas, Alice Carole & Wang, Jianxin, 2023. "The economic impact of daily volatility persistence on energy markets," Journal of Commodity Markets, Elsevier, vol. 30(C).
    25. Tule, Moses K. & Salisu, Afees A. & Chiemeke, Charles C., 2019. "Can agricultural commodity prices predict Nigeria's inflation?," Journal of Commodity Markets, Elsevier, vol. 16(C).
    26. Rebeca Jiménez-Rodríguez & Amalia Morales-Zumaquero, 2022. "Commodity price pass-through along the pricing chain," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 109-125, February.
    27. Salisu, Afees A. & Akanni, Lateef & Raheem, Ibrahim, 2020. "The COVID-19 global fear index and the predictability of commodity price returns," Journal of Behavioral and Experimental Finance, Elsevier, vol. 27(C).
    28. Moses Tule & Afees A. Salisu & Charles Chimeke, 2018. "You are what you eat: The role of oil price in Nigeria inflation forecast," Working Papers 040, Centre for Econometric and Allied Research, University of Ibadan.
    29. Zeyyad Mandalinci, 2015. "Forecasting Inflation in Emerging Markets: An Evaluation of Alternative Models," CReMFi Discussion Papers 3, CReMFi, School of Economics and Finance, QMUL.
    30. Byrne, Joseph P. & Ibrahim, Boulis Maher & Sakemoto, Ryuta, 2019. "Carry trades and commodity risk factors," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 121-129.
    31. Boda Kang & Christina Sklibosios Nikitopoulos & Marcel Prokopczuk, 2019. "Economic Determinants of Oil Futures Volatility: A Term Structure Perspective," Research Paper Series 401, Quantitative Finance Research Centre, University of Technology, Sydney.
    32. Moses Tule & Afees Salisu & Charles Chiemeke, 2020. "Improving Nigeria’s Inflation Forecast with Oil Price: The Role of Estimators," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(1), pages 191-229, March.
    33. Xu Zhang & Xiaoxing Liu & Jianqin Hang & Dengbao Yao, 2018. "The dynamic causality between commodity prices, inflation and output in China: a bootstrap rolling window approach," Applied Economics, Taylor & Francis Journals, vol. 50(4), pages 407-425, January.
    34. Afees A. Salisu & Raymond Swaray & Hadiza Sa'id, 2021. "Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2946-2975, April.
    35. Bayaa, Yasmeen & Qadan, Mahmoud, 2024. "The shape of the Treasury yield curve and commodity prices," International Review of Financial Analysis, Elsevier, vol. 94(C).
    36. Gilbert Mbara, 2020. "Price Transmission across Commodity Markets: Physical to Futures," Working Papers 2020-07, Faculty of Economic Sciences, University of Warsaw.
    37. Diaz, Elena Maria & Cunado, Juncal & de Gracia, Fernando Perez, 2023. "Commodity price shocks, supply chain disruptions and U.S. inflation," Finance Research Letters, Elsevier, vol. 58(PC).
    38. Afees A. Salisu & Kazeem O. Isah & Idris Ademuyiwa, 2017. "Testing for asymmetries in the predictive model for oil price-inflation nexus," Economics Bulletin, AccessEcon, vol. 37(3), pages 1797-1804.
    39. Anthony Garratt & Ivan Petrella, 2022. "Commodity prices and inflation risk," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 392-414, March.
    40. Zhang, Keyi & Gençay, Ramazan & Ege Yazgan, M., 2017. "Application of wavelet decomposition in time-series forecasting," Economics Letters, Elsevier, vol. 158(C), pages 41-46.
    41. Li, Houjian & Huang, Xinya & Guo, Lili, 2023. "Extreme risk dependence and time-varying spillover between crude oil, commodity market and inflation in China," Energy Economics, Elsevier, vol. 127(PB).
    42. Afees A. Salisu & Kazeem Isah, 2017. "Predicting US Inflation: Evidence from a New Approach," Working Papers 039, Centre for Econometric and Allied Research, University of Ibadan.
    43. Husaini, Dzul Hadzwan & Lean, Hooi Hooi, 2021. "Asymmetric impact of oil price and exchange rate on disaggregation price inflation," Resources Policy, Elsevier, vol. 73(C).

  7. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2009. "Growth and Inequality: Dependence of the Time Path of Productivity Increases (and other Structural Changes)," Working Papers wp2009_01_02, Department of Economics, Florida State University.

    Cited by:

    1. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    2. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2021. "Differential Tariffs and Income Inequality in the United States: Some Evidence from the States," Open Economies Review, Springer, vol. 32(1), pages 1-35, February.
    3. Dioikitopoulos, Evangelos & Turnovsky, Stephen & Wendner, Ronald, 2017. "Dynamic Status Effects, Savings, and Income Inequality," MPRA Paper 81005, University Library of Munich, Germany.
    4. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    5. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    6. Yoichi Gokan & Stephen J. Turnovsky, 2021. "Wealth and income inequality in a monetary economy," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 225-245, October.
    7. Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Infrastructure and inequality," European Economic Review, Elsevier, vol. 56(8), pages 1730-1745.
    8. Atolia, Manoj & Papageorgiou, Chris & Turnovsky, Stephen J., 2021. "Re-opening after the lockdown: Long-run aggregate and distributional consequences of COVID-19," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    9. Marta Aloi & Frederic Tournemaine, 2013. "Inequality, growth, and environmental quality tradeoffs in a model with human capital accumulation," Canadian Journal of Economics, Canadian Economics Association, vol. 46(3), pages 1123-1155, August.
    10. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.
    11. Carlos M. Fernández-Márquez & Matías Fuentes & Juan José Martínez & Francisco J. Vázquez, 2021. "Productivity and unemployment: an ABM approach," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 16(1), pages 133-151, January.
    12. Yoseph Getachew & Stephen Turnovsky, 2015. "Productive Government Spending and its Consequences for the Growth–Inequality Tradeoff," Working Papers 201520, University of Pretoria, Department of Economics.
    13. Stephen J. Turnovsky & Aditi Mitra, 2013. "The Interaction between Human and Physical Capital Accumulation and the Growth-Inequality Trade-off," Journal of Human Capital, University of Chicago Press, vol. 7(1), pages 26-75.
    14. Chen, Ping-ho & Lai, Ching-chong & Chu, Hsun, 2016. "Welfare effects of tourism-driven Dutch disease: The roles of international borrowings and factor intensity," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 381-394.
    15. Amarante, Veronica, 2009. "Income Inequality and Economic Growth in Latin America," Economics PhD Theses 0109, Department of Economics, University of Sussex Business School.
    16. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.
    17. Fernando Delbianco & Carlos Dabús & María Ángeles Caraballo, 2014. "Income inequality and economic growth: New evidence from Latin America," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, August.
    18. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.
    19. Frost, Jon & Gambacorta, Leonardo & Gambacorta, Romina, 2022. "On the nexus between wealth inequality, financial development and financial technology," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 429-451.
    20. Stephen J. Turnovsky, 2011. "The Accumulation of Human Capital and Income Inequality in a Two-Sector Economy," Journal of Human Capital, University of Chicago Press, vol. 5(4), pages 418-452.
    21. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.

  8. Neil Bruce & Stephen J. Turnovsky, 2009. "Demography and Growth: A Unified Treatment of Overlapping Generations," Working Papers UWEC-2009-21-R, University of Washington, Department of Economics, revised Jun 2011.

    Cited by:

    1. Alberto BUCCI & Lorenzo CARBONARI & Giovanni TROVATO, 2017. "Variety, Competition, and Population in Economic Growth: Theory and Empirics," Departmental Working Papers 2017-06, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    2. Lau, Sau-Him Paul, 2014. "Fertility and mortality changes in an overlapping-generations model with realistic demography," Economic Modelling, Elsevier, vol. 38(C), pages 512-521.
    3. Wong, Chi Heem & Tsui, Albert K., 2015. "Forecasting life expectancy: Evidence from a new survival function," Insurance: Mathematics and Economics, Elsevier, vol. 65(C), pages 208-226.
    4. Holger Strulik & Sebastian Vollmer, 2011. "Long-Run Trends of Human Aging and Longevity," PGDA Working Papers 7311, Program on the Global Demography of Aging.
    5. Wong, Chi Heem & Tsui, Albert K, 2015. "Forecasting Life Expectancy: Evidence from a New Survival Function," CEI Working Paper Series 2015-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    6. Jochen Mierau & Stephen Turnovsky, 2014. "Demography, growth, and inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 29-68, January.

  9. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2008. "How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model," Working Papers wp2008_11_01, Department of Economics, Florida State University, revised Sep 2008.

    Cited by:

    1. Junying Zhao & William Scarth & Jeremiah Hurley, 2018. "Investing in Health: A Macroeconomic Exploration of Short-Run and Long-Run Trade-Offs," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 46(1), pages 121-133, March.
    2. Dieppe, Alistair & González Pandiella, Alberto & Willman, Alpo, 2012. "The ECB's New Multi-Country Model for the euro area: NMCM — Simulated with rational expectations," Economic Modelling, Elsevier, vol. 29(6), pages 2597-2614.
    3. Fabio Monteforte & Mathan Satchi & Jonathan R. W. Temple, 2021. "Development priorities: the relative benefits of agricultural growth," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 1122-1152.
    4. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    5. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    6. Matthias S. Hertweck & Vivien Lewis & Stefania Villa, 2021. "Going the Extra Mile: Effort by Workers and Job‐Seekers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(8), pages 2099-2127, December.
    7. Groneck, Max, 2010. "A golden rule of public finance or a fixed deficit regime?: Growth and welfare effects of budget rules," Economic Modelling, Elsevier, vol. 27(2), pages 523-534, March.
    8. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2009. "Growth and Inequality: Dependence of the Time Path of Productivity Increases (and other Structural Changes)," Working Papers wp2009_01_02, Department of Economics, Florida State University.
    9. Michael Curry & Alexander Trott & Soham Phade & Yu Bai & Stephan Zheng, 2022. "Analyzing Micro-Founded General Equilibrium Models with Many Agents using Deep Reinforcement Learning," Papers 2201.01163, arXiv.org, revised Feb 2022.
    10. Kirkby, Robert, 2017. "Transition paths for Bewley-Huggett-Aiyagari models: Comparison of some solution algorithms," Working Paper Series 19669, Victoria University of Wellington, School of Economics and Finance.
    11. Lim, Sokchea & Khun, Channary, 2023. "Migrant network effect and economic development," Economics Letters, Elsevier, vol. 225(C).
    12. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    13. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    14. Agenor, Pierre-Richard & Canuto, Otaviano & da Silva, Luiz Pereira, 2010. "On gender and growth : the role of intergenerational health externalities and women's occupational constraints," Policy Research Working Paper Series 5492, The World Bank.
    15. Junying Zhao & William Scarth & Jeremiah Hurley, 2015. "Investing in Health: A Macroeconomic Exploration of Short-Run and Long-Run Trade-Offs," Department of Economics Working Papers 2015-15, McMaster University.
    16. Mário Amorim Lopes & Fernando A. C. C. Fontes & Dalila A. C. C. Fontes, 2013. "Optimal Control of Infinite-Horizon Growth Models — A direct approach," FEP Working Papers 506, Universidade do Porto, Faculdade de Economia do Porto.
    17. Manoj Atolia, 2003. "Public Investment, Tax Evasion and Welfare Effects of a Tariff Reform," Working Papers wp2003_10_01, Department of Economics, Florida State University, revised Oct 2008.
    18. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.
    19. OA Carboni & G Medda, 2010. "A Neoclassical Growth Model with Public Spending," Working Paper CRENoS 201033, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    20. Groneck, Max, 2008. "A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 08-7, University of Cologne, FiFo Institute for Public Economics.
    21. Pedro Mazeda Gil & Oscar Afonso & Paulo B. Vasconcelos, 2015. "Skill-Structure Shocks, the Share of the High-Tech Sector and Economic Growth Dynamics," FEP Working Papers 554, Universidade do Porto, Faculdade de Economia do Porto.
    22. Klarl, Torben, 2016. "Pollution externalities, endogenous health and the speed of convergence in an endogenous growth model," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 98-113.
    23. Pedro Mazeda Gil & Oscar Afonso & Paulo B. Vasconcelos, 2013. "Industry Dynamics and Aggregate Stability over Transition," FEP Working Papers 484, Universidade do Porto, Faculdade de Economia do Porto.

  10. Stephen J. Turnovsky & Serpil Tekin & Ms. Valerie Cerra, 2008. "Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," IMF Working Papers 2008/204, International Monetary Fund.

    Cited by:

    1. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    2. T. Buyse & F. Heylen, 2012. "Leaving the empirical (battle)ground: Output and welfare effects of fiscal consolidation in general equilibrium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/826, Ghent University, Faculty of Economics and Business Administration.
    3. Mr. Andrew Berg & Mr. Rafael A Portillo & Luis-Felipe Zanna, 2014. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," IMF Working Papers 2014/018, International Monetary Fund.
    4. Jean-Louis Combes & Tidiane Kinda & Rasmané Ouedraogo & Patrick Plane, 2017. "Does It Pour When it Rains? Capital Flows and Economic Growth in Developing Countries," CERDI Working papers halshs-01454804, HAL.
    5. Jean-Louis Combes & Patrick Plane & Mr. Tidiane Kinda, 2011. "Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate," IMF Working Papers 2011/009, International Monetary Fund.
    6. Combes, Jean-Louis & Kinda, Tidiane & Ouedraogo, Rasmané & Plane, Patrick, 2019. "Financial flows and economic growth in developing countries," Economic Modelling, Elsevier, vol. 83(C), pages 195-209.
    7. Mr. Andrew Berg & Mr. Rafael A Portillo & Mr. Edward F Buffie & Ms. Catherine A Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability: Putting together the Pieces," IMF Working Papers 2012/144, International Monetary Fund.
    8. Pedro M. G. Martins, 2010. "Do Capital Inflows Hinder Competitiveness? The Real Exchange Rate in Ethiopia," Working Paper Series 1110, Department of Economics, University of Sussex Business School.
    9. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    10. Mr. Joannes Mongardini & Brett Rayner, 2009. "Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries," IMF Working Papers 2009/075, International Monetary Fund.
    11. Jean-Louis Combes & Patrick Plane & Tidiane Kinda, 2011. "Capital Flows and their Impact on the Real Effective Exchange Rate," CERDI Working papers halshs-00552213, HAL.
    12. Grace Li, 2018. "Investing in Public Infrastructure: Roads or Schools?," 2018 Meeting Papers 338, Society for Economic Dynamics.
    13. Lucas Njoroge, 2021. "Capital Inflows and Economic Growth in Selected COMESA Member Countries," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 10(4), pages 1-3.
    14. Arndt, Channing & Davies, Rob & Makrelov, Konstantin & Thurlow, James, 2011. "Low Carbon Development and Carbon Taxes in South Africa," Conference papers 332130, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

  11. Cecilia Garcìa-Peñalosa & Stephen J. Turnovsky, 2008. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Working Papers halshs-00341001, HAL.

    Cited by:

    1. Marcel Aloy & Gilles de Truchis, 2012. "Estimation and Testing for Fractional Cointegration," AMSE Working Papers 1215, Aix-Marseille School of Economics, France.
    2. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    3. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    4. Chen, Shu-Hua, 2020. "Inequality-growth nexus under progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 65(C).
    5. Sean Higgins & Claudiney Pereira, 2013. "The effects of Brazil's high taxation and social spending on the distribution of household income," Commitment to Equity (CEQ) Working Paper Series 07, Tulane University, Department of Economics, revised May 2013.
    6. João Tovar Jalles & Georgios Karras, 2023. "Tax Progressivity and Output: Evidence from OECD countries," Working Papers REM 2023/0293, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    7. Takaaki Morimoto & Ken Tabata, 2018. "Higher Education Subsidy Policy and R&D-based Growth," Discussion Paper Series 178-2, School of Economics, Kwansei Gakuin University, revised Feb 2019.
    8. Yoichi Gokan & Stephen J. Turnovsky, 2021. "Wealth and income inequality in a monetary economy," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 225-245, October.
    9. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    10. Heshmati, Almas & Kim, Jungsuk, 2014. "A Survey of the Role of Fiscal Policy in Addressing Income Inequality, Poverty Reduction and Inclusive Growth," IZA Discussion Papers 8119, Institute of Labor Economics (IZA).
    11. Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Infrastructure and inequality," European Economic Review, Elsevier, vol. 56(8), pages 1730-1745.
    12. Juin-Jen Chang & Jang-Ting Guo & Wei-Neng Wang, 2021. "On Government Spending and Income Inequality under Monopolistic Competition," Working Papers 202103, University of California at Riverside, Department of Economics.
    13. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    14. Sondes Kahouli & Xavier Pautrel, 2020. "Residential and Industrial Energy Efficiency Improvement: A Dynamic General Equilibrium Analysis of the Rebound Effect," Working Papers 2020.28, Fondazione Eni Enrico Mattei.
    15. Getachew, Yoseph Yilma, 2010. "Public capital and distributional dynamics in a two-sector growth model," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 606-616, June.
    16. Heshmati, Almas & Kim, Jungsuk & Park, Donghyun, 2014. "Fiscal Policy and Inclusive Growth in Advanced Countries: Their Experience and Implications for Asia," ADB Economics Working Paper Series 422, Asian Development Bank.
    17. José Alves, 2018. "A DSGE Model to Evaluate the Macroeconomic Impacts of Taxation," Working Papers REM 2018/62, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    18. Toshiki Tamai, 2015. "Redistributive taxation, wealth distribution, and economic growth," Journal of Economics, Springer, vol. 115(2), pages 133-152, June.
    19. García-Peñalosa, Cecilia & Turnovsky, Stephen J., 2015. "Income Inequality, Mobility, And The Accumulation Of Capital," Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1332-1357, September.
    20. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.
    21. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.
    22. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.
    23. Leonhard Frerick & Georg Müller-Fürstenberger & Martin Schmidt & Max Späth, 2022. "Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1135-1154, October.
    24. Almas Heshmati & Jungsuk Kim & Jacob Wood, 2019. "A Survey of Inclusive Growth Policy," Economies, MDPI, vol. 7(3), pages 1-18, July.

  12. Stephen J. Turnovsky, 2008. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Working Papers UWEC-2008-09-FC, University of Washington, Department of Economics.

    Cited by:

    1. Jean-Bernard, Chatelain & Kirsten, Ralf, 2020. "How Macroeconomists Lost Control of Stabilization Policy: Towards Dark Ages," MPRA Paper 103244, University Library of Munich, Germany.
    2. Pierre-Richard Agénor & Luiz A. Pereira da Silva, 2013. "Macroprudential Regulation and the Monetary Transmission Mechanism," Centre for Growth and Business Cycle Research Discussion Paper Series 185, Economics, The University of Manchester.
    3. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    4. Greg Hannsgen, 2012. "Fiscal Policy, Unemployment Insurance, and Financial Crises in a Model of Growth and Distribution," Economics Working Paper Archive wp_723, Levy Economics Institute.
    5. Scobie, Grant M, 2020. "If Bill Phillips were Governor ...? Some implications of his work for contemporary macroeconomic policy," Working Paper Series 21096, Victoria University of Wellington, Chair in Public Finance.
    6. David Bonilla & David Banister & Uberto Salgado Nieto, 2022. "Tax or Clean Technology? Measuring the True Effect on Carbon Emissions Mitigation for Sweden and Norway," Energies, MDPI, vol. 15(11), pages 1-24, May.
    7. Greg Hannsgen, 2014. "Fiscal Policy, Chartal Money, Mark-up Dynamics and Unemployment Insurance in a Model of Growth and Distribution," Metroeconomica, Wiley Blackwell, vol. 65(3), pages 487-523, July.
    8. Giovanni Bella, 2017. "Beyond the Accelerating Inflation Controversy: The Jerk and Jounce Price Variation," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 3(11), pages 315-322, 11-2017.

  13. Yu-chin Chen & Stephen J. Turnovsky, 2008. "Growth and Inequality in a Small Open Economy," Working Papers UWEC-2009-05-FC, University of Washington, Department of Economics, revised Nov 2009.

    Cited by:

    1. Walberti Saith & Joanna Giorgios Alexopoulos & Leonardo Bornacki De Mattos, 2018. "The Effects Of Fiscal Policy On Income Inequality In A Model With Heterogeneous Agents," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 92, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Chu, Angus C. & Peng, Shin-Kun, 2011. "International intellectual property rights: Effects on growth, welfare and income inequality," Journal of Macroeconomics, Elsevier, vol. 33(2), pages 276-287, June.
    3. Masakazu Emoto & Tamotsu Nakamura, 2021. "Intertemporal elasticity of substitution and the transitional dynamics and steady state of wealth distribution," Discussion Papers 2101, Graduate School of Economics, Kobe University.
    4. Yasuhiro Nakamoto & Kazuo Mino & Yunfang Hu, 2024. "Preference Structures, Wealth Distribution, and Patterns of Trade in a Global Economy," KIER Working Papers 1105, Kyoto University, Institute of Economic Research.
    5. G. C. Lim & Paul D. McNelis, 2014. "Income Inequality, Trade and Financial Openness," Melbourne Institute Working Paper Series wp2014n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    6. Jae wook Jung & Kyunghun Kim, 2018. "Financial Market Integration and Income Inequality," Working Papers id:12916, eSocialSciences.
    7. Lim, G.C. & McNelis, Paul D., 2016. "Income growth and inequality: The threshold effects of trade and financial openness," Economic Modelling, Elsevier, vol. 58(C), pages 403-412.

  14. Kazi Iqbal & Stephen Turnovsky, 2007. "Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation," Working Papers UWEC-2007-21-P, University of Washington, Department of Economics, revised Oct 2007.

    Cited by:

    1. Květa Kubátová, 2009. "Optimal Taxation - Review of Theory [Optimální zdanění - přehled dosavadní teorie]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2009(3), pages 24-36.
    2. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Influence Of Fiscal Regimes," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 146-160, December.
    3. Gaumont, D. & Leonard, D., 2010. "Human capital, externalities and growth in an overlapping generations model," Research in Economics, Elsevier, vol. 64(3), pages 186-200, September.
    4. Florencia Amábile & Rómulo A. Chumacero, 2023. "Should I stay or should I go?: the economic incentives of intergenerational taxes and transfers in Uruguay," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 493-524, April.

  15. Stephen Turnovsky & Cecilia Garcia Penalosa, 2006. "The Dynamics of Wealth and Income distribution in a Neoclassical Growth Model," Computing in Economics and Finance 2006 318, Society for Computational Economics.

    Cited by:

    1. Klump, Rainer & Saam, Marianne, 2008. "Calibration of normalised CES production functions in dynamic models," Economics Letters, Elsevier, vol. 99(2), pages 256-259, May.
    2. Nakamoto, Yasuhiro, 2009. "Convergence speed and preference externalities in a one-sector model with elastic labor supply," Economics Letters, Elsevier, vol. 105(1), pages 86-89, October.

  16. Ingrid Ott & Stephen Turnovsky, 2005. "Excludable and Non-Excludable Public Inputs: Consequences for Economic Growth," CESifo Working Paper Series 1423, CESifo.

    Cited by:

    1. Benos, Nikos, 2009. "Fiscal policy and economic growth: empirical evidence from EU countries," MPRA Paper 19174, University Library of Munich, Germany.
    2. Economides, George & Park, Hyun & Philippopoulos, Apostolis, 2011. "How Should The Government Allocate Its Tax Revenues Between Productivity-Enhancing And Utility-Enhancing Public Goods?," Macroeconomic Dynamics, Cambridge University Press, vol. 15(3), pages 336-364, June.
    3. Schiffbauer, Marc, 2008. "Catching Up or Falling Behind? The Effect of Infrastructure Capital on Technology Adoption in Transition Economies," Papers DYNREG27, Economic and Social Research Institute (ESRI).
    4. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity and private capital adjustment," Working Paper Series in Economics 26, University of Lüneburg, Institute of Economics.
    5. Chetan Ghate & Gerhard Glomm & Jialu Liu Streeter, 2016. "Sectoral Infrastructure Investments in an Unbalanced Growing Economy: The Case of Potential Growth in India," Asian Development Review, MIT Press, vol. 33(2), pages 144-166, September.
    6. Dimitrios PAPARAS & Christian RICHTER & Alexandros PAPARAS, 2015. "Fiscal Policy and Economic Growth, Empirical Evidence in European Union," Turkish Economic Review, KSP Journals, vol. 2(4), pages 239-268, December.
    7. Ingrid Ott & Susanne Soretz, 2006. "Nachhaltige Entwicklung durch endogeneUmweltwahrnehmung," Working Paper Series in Economics 24, University of Lüneburg, Institute of Economics.
    8. Germaschewski, Yin, 2020. "Stabilization policy, infrastructure investment, and welfare in a small open economy," Economic Modelling, Elsevier, vol. 84(C), pages 322-339.
    9. Ingrid Ott & Susanne Soretz, 2006. "Regional growth strategies: fiscal versus institutional governmental policies," Working Paper Series in Economics 30, University of Lüneburg, Institute of Economics.
    10. Calderon, Cesar & Serven, Luis, 2014. "Infrastructure, growth, and inequality : an overview," Policy Research Working Paper Series 7034, The World Bank.
    11. Bhattacharyya, Chandril, 2014. "A Note on Endogenous Growth with Public Capital," MPRA Paper 55728, University Library of Munich, Germany.
    12. Chetan Ghate & Gerhard Glomm & Jialu Liu, 2012. "Sectoral infrastructure investment in an unbalanced growing economy: The Case of India," Discussion Papers 12-07, Indian Statistical Institute, Delhi.
    13. George Economides & Apostolis Philippopoulos, 2020. "On the Provision of Excludable Public Goods - General Taxes or User Prices?," CESifo Working Paper Series 8724, CESifo.
    14. Monisankar Bishnu & Chetan Ghate & Pawan Gopalakrishnan, 2013. "Factor income taxation, growth, and investment specific technological change," Discussion Papers 13-04, Indian Statistical Institute, Delhi.
    15. Manuel Gómez, 2016. "Factor substitution is an engine of growth in a model with productive public expenditure," Journal of Economics, Springer, vol. 117(1), pages 37-48, January.
    16. Economides, George & Philippopoulos, Apostolis & Sakkas, Stelios, 2017. "Tuition fees: User prices and private incentives," European Journal of Political Economy, Elsevier, vol. 48(C), pages 91-103.
    17. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    18. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Influence Of Fiscal Regimes," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(4), pages 146-160, December.
    19. Pierre-Richard Agénor & Kyriakos C. Neanidis, 2007. "Optimal Taxation and Growth with Public Goods and Costly Enforcement," Centre for Growth and Business Cycle Research Discussion Paper Series 89, Economics, The University of Manchester.
    20. Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
    21. Yin Germaschewski, 2016. "Getting help from abroad: The macroeconomics of foreign direct investment in infrastructure in low‐income countries," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1502-1535, November.
    22. George Economides & Apostolis Philippopoulos, 2012. "Are User Fees Really Regressive?," CESifo Working Paper Series 3875, CESifo.
    23. Chu, Hsun & Lai, Ching-Chong & Cheng, Chu-Chuan, 2013. "Tax Havens, Growth, and Welfare," MPRA Paper 52878, University Library of Munich, Germany, revised Sep 2013.
    24. Alexander Eck & Joachim Ragnitz & Simone Scharfe & Christian Thater & Bernhard Wieland, 2015. "Public Investments in Infrastructure: Development, Causal Factors and Growth Effects," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72, October.
    25. Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
    26. Joachim Wagner, 2005. "Nascent and Infant Entrepreneurs in Germany. Evidence from the Regional Entrepreneurship Monitor (REM)," Working Paper Series in Economics 1, University of Lüneburg, Institute of Economics.
    27. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    28. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1288-1306, August.
    29. Prakash Chandra Sapkota, 2020. "Public Infrastructure and Economic Takeoff," Business and Economic Research, Macrothink Institute, vol. 10(1), pages 313-333, March.
    30. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.

  17. Stephen J. Turnovsky & A.K.M. Mahbub Morshed, 2005. "Elasticity of Substitution and the Persistence of the Deviation of the Real Exchange Rates," Computing in Economics and Finance 2005 39, Society for Computational Economics.

    Cited by:

    1. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    2. Ricardo Denadai & Vladimir K. Teles, 2016. "A Test for Hysteresis in International Trade," Review of Development Economics, Wiley Blackwell, vol. 20(2), pages 583-598, May.
    3. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    4. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.

  18. Santanu Chatterjee & Stephen Turnovsky, 2005. "Foreign Aid and Economic Growth: The Role of Flexible Labor Supply," Working Papers UWEC-2004-07-P, University of Washington, Department of Economics, revised Nov 2005.

    Cited by:

    1. Tai, Meng-Yi & Chao, Chi-Chur & Hu, Shih-Wen, 2015. "Pollution, health and economic growth," The North American Journal of Economics and Finance, Elsevier, vol. 32(C), pages 155-161.
    2. Matthias Helble & Catherine Mann & John Wilson, 2012. "Aid-for-trade facilitation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 148(2), pages 357-376, June.
    3. Moore, Tomoe, 2010. "A Critical Appraisal of McKinnon's Complementarity Hypothesis: Does the Real Rate of Return on Money Matter for Investment in Developing Countries?," World Development, Elsevier, vol. 38(3), pages 260-269, March.
    4. Takumi Naito, 2013. "Aid for trade, infrastructure, and growth," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(6), pages 886-909, December.
    5. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    6. Kawagishi, Taketo & Nakamoto, Yasuhiro, 2016. "Dynamic Analysis of Health Status in a Small Open Economy," MPRA Paper 73859, University Library of Munich, Germany.
    7. Kaya, Ozgur & Kaya, Ilker & Gunter, Lewell F., 2008. "The Impact of Agricultural Aid on Agricultural Sector Growth," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6743, Southern Agricultural Economics Association.
    8. Kitaura, Koji & Ogawa, Hikaru & Yakita, Sayaka, 2011. "Multiple equilibria arising from donor’s aid policy in economic development," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 819-827.
    9. Antra Bhatt & Claudio Sardoni, 2016. "Public Expenditure and Growth: The Indian Case," Working Papers 7/16, Sapienza University of Rome, DISS.
    10. Thomas A. Garrett & Russell M. Rhine, 2011. "Economic freedom and employment growth in U.S. states," Review, Federal Reserve Bank of St. Louis, vol. 93(Jan), pages 1-18.
    11. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.
    12. Mr. Andrew Berg & Mr. Rafael A Portillo & Luis-Felipe Zanna, 2014. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," IMF Working Papers 2014/018, International Monetary Fund.
    13. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    14. Kitaura, Koji, 2009. "Child labor, education aid, and economic growth," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 614-620, December.
    15. Edgar A. Ghossoub & Andre Harrison & Robert R. Reed, 2024. "Capital controls, banking competition, and monetary policy," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 1369-1399, July.
    16. Burkhard Heer & Stefan Franz Schubert, 2011. "Unemployment and Debt Dynamics in a Highly Indebted Small Open Economy," CESifo Working Paper Series 3497, CESifo.
    17. Stephen J. Turnovsky & Serpil Tekin & Ms. Valerie Cerra, 2008. "Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," IMF Working Papers 2008/204, International Monetary Fund.
    18. Stefan F. Schubert, 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Post-Print hal-00851861, HAL.
    19. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    20. Ilaski Barañano & Marta San Martín, 2015. "The Impact of Foreign Aid Linked to Infrastructure and Pollution Abatement," Review of International Economics, Wiley Blackwell, vol. 23(4), pages 667-686, September.
    21. Hakhu, Antra Bhatt, 2015. "Productive Public Expenditure and Debt Dynamics: An Error Correction Representation using Indian Data," Working Papers 15/149, National Institute of Public Finance and Policy.
    22. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    23. Takumi Naito, 2010. "Aid, non-traded goods, and growth," Canadian Journal of Economics, Canadian Economics Association, vol. 43(2), pages 423-439, May.
    24. Mr. Andrew Berg & Mr. Rafael A Portillo & Mr. Edward F Buffie & Ms. Catherine A Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability: Putting together the Pieces," IMF Working Papers 2012/144, International Monetary Fund.
    25. Chatterjee, Santanu & Giuliano, Paola & Kaya, Ilker, 2007. "Where Has All the Money Gone? Foreign Aid and the Quest for Growth," IZA Discussion Papers 2858, Institute of Labor Economics (IZA).
    26. Barañano Mentxaka, Ilaski & San Martín Lizarralde, Marta, 2014. "Foreign Aid Linked to Infrastructure and/or Pollution Abatement," IKERLANAK 11751, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    27. Agénor, Pierre-Richard & Aizenman, Joshua, 2010. "Aid volatility and poverty traps," Journal of Development Economics, Elsevier, vol. 91(1), pages 1-7, January.
    28. Limodio, Nicola, 2011. "The impact of pro-vulnerable income transfers : Leisure, dependency and a distribution hypothesis," Policy Research Working Paper Series 5881, The World Bank.
    29. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," Working Papers 1702, University of Otago, Department of Economics, revised Feb 2017.
    30. P. B. Eregha, 2013. "Aid Flows and Growth Diagnosis: Empirical Evidence for A Panel of ECOWAS Countries," Economics Bulletin, AccessEcon, vol. 33(4), pages 2627-2633.
    31. Amassoma Ditimi & Azeez Oluwatobiloba, 2020. "Capital Inflows, Financial Deepening And Economic Growth Nexus: The Missing Link," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 18(1), pages 61-73, May.
    32. Chatterjee Santanu & Giuliano Paola & Kaya Ilker, 2012. "Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-36, August.
    33. Kurt Annen & Stephen Kosempel, 2009. "Foreign Aid, Donor Fragmentation, and Economic Growth," Working Papers 0914, University of Guelph, Department of Economics and Finance.
    34. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    35. Annen, Kurt & Batu, Michael & Kosempel, Stephen, 2016. "Macroeconomic effects of foreign aid and remittances: Implications for aid effectiveness studies," Journal of Policy Modeling, Elsevier, vol. 38(6), pages 1136-1146.
    36. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    37. Chu, Angus C., 2012. "Global Poverty Reduction And Pareto-Improving Redistribution," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 605-624, September.
    38. Paulo Matos & Valdeir Monteiro, 2023. "A Note on the public investment-debt-cash linkages: a Brazilian cross-state analysis," Economics Bulletin, AccessEcon, vol. 43(2), pages 1027-1035.
    39. Michał Konopczyński, 2022. "Optimal Fiscal Policy in a Small Open Economy: Insights from the Growth Model with Human Capital and Public Debt," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 14(2), pages 131-160, June.
    40. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    41. Ozan Hatipoglu & Alp Eren Akyuz, 2018. "Donor-oriented foreign aid, trade and growth," Working Papers 2018/01, Bogazici University, Department of Economics.
    42. Kathavate, Jay, 2013. "Direct & Indirect Effects of Aid Volatility on Growth: Do Stronger Institutions Play a Role?," MPRA Paper 45187, University Library of Munich, Germany.
    43. Grace Li, 2018. "Investing in Public Infrastructure: Roads or Schools?," 2018 Meeting Papers 338, Society for Economic Dynamics.
    44. Dalgaard, Carl-Johan, 2008. "Donor policy rules and aid effectiveness," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1895-1920, June.
    45. Ibhagui, Oyakhilome W., 2020. "The Economic Performance Effects of Capital Flows in OPEC Member Countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 75(C), pages 67-83.
    46. Yin Germaschewski, 2016. "Getting help from abroad: The macroeconomics of foreign direct investment in infrastructure in low‐income countries," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1502-1535, November.
    47. Atsuko Tanaka, "undated". "Notes on Foreign Aid Selectivity Based on Human Capital," Working Papers 2015-23, Department of Economics, University of Calgary, revised 27 Sep 2015.
    48. Assibey-Yeboah, Mark & Mohsin, Mohammed, 2014. "The real effects of inflation in a developing economy with external debt and sovereign risk," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 40-55.
    49. Michał Konopczyński, 2018. "Optimal fiscal policy in an emerging economy with credit constraints: theory and application for Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(3), pages 169-231, September.
    50. Almuth Scholl, 2013. "Debt Relief for Poor Countries: Conditionality and Effectiveness," Working Paper Series of the Department of Economics, University of Konstanz 2013-23, Department of Economics, University of Konstanz.
    51. Kasuga, Hidefumi & Morita, Yuichi, 2012. "Aid effectiveness, governance and public investment," Economic Modelling, Elsevier, vol. 29(2), pages 514-521.
    52. Simone Juhasz Silva & Douglas Nelson, 2012. "Does Aid Cause Trade? Evidence from an Asymmetric Gravity Model," The World Economy, Wiley Blackwell, vol. 35(5), pages 545-577, May.
    53. Kurt Annen & Michael Batu & Stephen Kosempel, 2014. "A DSGE-RBC Approach to Measuring Impacts of Wealth Transfers," Working Papers 1404, University of Guelph, Department of Economics and Finance.
    54. Liu, Xiangbo & Fan, Hua & Chao, Chi-Chur & Yu, Eden S.H., 2019. "Foreign aid, human capital acquisition and educated Unemployment:Fish or fishing," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 1-8.
    55. NAITO Takumi, 2015. "Aid for Trade and Global Growth," Discussion papers 15025, Research Institute of Economy, Trade and Industry (RIETI).
    56. Takumi Naito & Ryoji Ohdoi, 2011. "A two-country model of trade and growth with intersectoral knowledge spillovers," Journal of Economics, Springer, vol. 103(1), pages 39-58, May.
    57. Kyriakos C. Neanidis & Dimitrios Varvarigos, 2007. "The Allocation of volatile aid and economic growth: Evidence and a suggestive theory," Discussion Paper Series 2007_07, Department of Economics, Loughborough University, revised Mar 2007.
    58. Yasuhiro Nakamoto & Taketo Kawagishi, 2021. "The Impacts of Temporary and Permanent Public Health Policies on HRQOL in a Small Open Economy," Sustainability, MDPI, vol. 13(17), pages 1-33, September.
    59. Samuel Adams & Edem Kwame Mensah Klobodu & Richmond Odartey Lamptey, 2017. "The Effects of Capital Flows on Economic Growth in Senegal," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(2), pages 121-142, May.
    60. Neanidis, Kyriakos C. & Varvarigos, Dimitrios, 2009. "The allocation of volatile aid and economic growth: Theory and evidence," European Journal of Political Economy, Elsevier, vol. 25(4), pages 447-462, December.

  19. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2005. "Growth and Income Inequality: A Canonical Model," Working Papers UWEC-2006-04-P, University of Washington, Department of Economics, revised Jan 2005.

    Cited by:

    1. Marcel Aloy & Gilles de Truchis, 2012. "Estimation and Testing for Fractional Cointegration," AMSE Working Papers 1215, Aix-Marseille School of Economics, France.
    2. Cecilia García-Peñalosa, 2010. "Income distribution, economic growth and European integration," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(3), pages 277-292, September.
    3. Stefano Bosi & Raouf Boucekkine & Thomas Seegmuller, 2010. "The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments," Working Papers halshs-00503195, HAL.
    4. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    5. Maksim Yemelyanau, 2009. "Inequality in Belarus from 1995 to 2007," BEROC Working Paper Series 01, Belarusian Economic Research and Outreach Center (BEROC).
    6. Kazuo Mino & Yasuhiro Nakamoto, 2008. "Progressive Taxation, Wealth Distribution, and Macroeconomic Stability," Discussion Papers in Economics and Business 08-22, Osaka University, Graduate School of Economics.
    7. Kazuo MIno & Yasuhiro Nakamoto, 2015. "Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 928, Kyoto University, Institute of Economic Research.
    8. Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
    9. Stefano Bosi & Thomas Seegmuller, 2007. "On the Ramsey Equilibrium with heterogeneous consumers and endogenous labor supply," Post-Print halshs-00143421, HAL.
    10. Stephen J. Turnovsky & Cecilia Garcia-Pe–alosa, 2006. "The Dynamics of Wealth and Income Distribution in a Neoclassical Growth Model," IDEP Working Papers 0604, Institut d'economie publique (IDEP), Marseille, France, revised Jul 2006.
    11. Ünal Töngür & Adem Yavuz Elveren, 2017. "The nexus of economic growth, military expenditures, and income inequality," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(4), pages 1821-1842, July.
    12. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    13. Raúl Fuentes Z. & Javier Scavia D. & Juan Berríos P., 2014. "About the long-term distributional impact of embodied technological progress (without spillover effects) in developing countries," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 17(3), pages 28-54, December.
    14. Chen, Shu-Hua, 2020. "Inequality-growth nexus under progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 65(C).
    15. ZHANG Wei-Bin, 2013. "Time, Income And Wealth Distribution Among Heterogeneous Households In A Two-Sector Model With Sector-Specific Externalities: A Synthesis Of The Arrow-Debreu Equilibrium Theory And Solow-Uzawa Growth ," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 8(3), pages 103-124, Decembre.
    16. Chu, Angus C. & Peng, Shin-Kun, 2011. "International intellectual property rights: Effects on growth, welfare and income inequality," Journal of Macroeconomics, Elsevier, vol. 33(2), pages 276-287, June.
    17. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    18. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    19. Masakazu Emoto & Tamotsu Nakamura, 2021. "Intertemporal elasticity of substitution and the transitional dynamics and steady state of wealth distribution," Discussion Papers 2101, Graduate School of Economics, Kobe University.
    20. Volker Grossmann & Benjamin Larin & Hans Torben Löfflad & Thomas Steger, 2019. "Distributional effects of surging housing costs under Schwabe's Law," CESifo Working Paper Series 7684, CESifo.
    21. Sadullah Çelik & Ulkem Basdas, 2010. "How Does Globalization Affect Income Inequality? A Panel Data Analysis," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 16(4), pages 358-370, November.
    22. Michel Denuit & Rachel Huang & Larry Tzeng, 2014. "Bivariate almost stochastic dominance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(2), pages 377-405, October.
    23. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2009. "Growth and Inequality: Dependence of the Time Path of Productivity Increases (and other Structural Changes)," Working Papers wp2009_01_02, Department of Economics, Florida State University.
    24. Takaaki Morimoto & Ken Tabata, 2018. "Higher Education Subsidy Policy and R&D-based Growth," Discussion Paper Series 178-2, School of Economics, Kwansei Gakuin University, revised Feb 2019.
    25. Yasuhiro Nakamoto & Kazuo Mino & Yunfang Hu, 2024. "Preference Structures, Wealth Distribution, and Patterns of Trade in a Global Economy," KIER Working Papers 1105, Kyoto University, Institute of Economic Research.
    26. Chen, Yu-chin & Turnovsky, Stephen J., 2010. "Growth and inequality in a small open economy," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 497-514, June.
    27. Fuentes, Raúl & Mishra, Tapas & Scavia, Javier & Parhi, Mamata, 2014. "On optimal long-term relationship between TFP, institutions, and income inequality under embodied technical progress," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 89-100.
    28. Steger, Thomas & Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben, 2019. "Distributional Effects of Surging Housing Costs under Schwabe`s Law of Rent," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203613, Verein für Socialpolitik / German Economic Association.
    29. Polachek, Solomon W., 2008. "Earnings Over the Life Cycle: The Mincer Earnings Function and Its Applications," Foundations and Trends(R) in Microeconomics, now publishers, vol. 4(3), pages 165-272, April.
    30. Wang, Wenhao & Xu, Tao & Liu, Xiaoyi & Sun, Yongkun, 2023. "FDI inflows and income inequality: A Schumpeterian economic growth," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 805-820.
    31. Tournemaine, Frederic & Tsoukis, Christopher, 2015. "The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state," Economic Modelling, Elsevier, vol. 47(C), pages 235-243.
    32. Desire Avom & Fabrizio Carmignani & Abdour Chowdhury, "undated". "Four Scenarios of Poverty Reduction and the Role of Economic Policy," MRG Discussion Paper Series 3109, School of Economics, University of Queensland, Australia.
    33. Zheng, Zhijie, 2020. "Inflation and income inequality in a Schumpeterian economy with menu costs," Economics Letters, Elsevier, vol. 186(C).
    34. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2008. "Choosing to Keep Up with the Joneses and Income Inequality," Staff General Research Papers Archive 12862, Iowa State University, Department of Economics.
    35. Takeo Hori, 2009. "Inequality and growth: the roles of life expectancy and relative consumption," Journal of Economics, Springer, vol. 96(1), pages 19-40, January.
    36. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    37. Angus C. Chu, 2010. "Effects of Patent Policy on Income and Consumption Inequality in a R&D Growth Model," Southern Economic Journal, John Wiley & Sons, vol. 77(2), pages 336-350, October.
    38. Hu, Ruiyang & Yang, Yibai & Zheng, Zhijie, 2023. "Patent protection and income inequality in a model with two growth engines," Economic Modelling, Elsevier, vol. 123(C).
    39. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.
    40. Daisuke Miyashita, 2023. "Public debt and income inequality in an endogenous growth model with elastic labor supply," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 447-472, August.
    41. Mehmet Balcilar & Rangan Gupta & Wei Ma & Philton Makena, 2018. "Income Inequality and Economic Growth: A Re-Examination of Theory and Evidence," Working Papers 201844, University of Pretoria, Department of Economics.
    42. Ibragimov, Rustam & Ibragimov, Marat, 2007. "Market Demand Elasticity and Income Inequality," Scholarly Articles 2623728, Harvard University Department of Economics.
    43. Cecilia García‐Peñalosa & Stephen J. Turnovsky, 2007. "Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade‐offs?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 369-394, March.
    44. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    45. Chu, Angus C., 2012. "Global Poverty Reduction And Pareto-Improving Redistribution," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 605-624, September.
    46. Tiago V. V. Cavalcanti & Chryssi Giannitsarou, 2017. "Growth and Human Capital: A Network Approach," Economic Journal, Royal Economic Society, vol. 127(603), pages 1279-1317, August.
    47. Zheng, Zhijie & Huang, Chien-Yu & Wan, Xi, 2020. "Human Capital and Income Inequality in a Monetary Schumpeterian Growth Model," MPRA Paper 101912, University Library of Munich, Germany.
    48. Jorge Alberto Charles Coll, 2014. "Inequality and growth in the context of the Mexican economy: Does inequality matter for growth?," Working Papers 331, ECINEQ, Society for the Study of Economic Inequality.
    49. Zhang, W.-B., 2014. "Ethnic Human Capital Externalities and Inequality in a General Equilibrium Growth Model," Journal of the New Economic Association, New Economic Association, vol. 21(1), pages 33-54.
    50. Huang, Ho-Chuan (River) & Lin, Yi-Chen & Yeh, Chih-Chuan, 2009. "Joint determinations of inequality and growth," Economics Letters, Elsevier, vol. 103(3), pages 163-166, June.
    51. Jae wook Jung & Kyunghun Kim, 2018. "Financial Market Integration and Income Inequality," Working Papers id:12916, eSocialSciences.
    52. Turnovsky, Stephen J. & Garci­a-Peñalosa, Cecilia, 2008. "Distributional dynamics in a neoclassical growth model: The role of elastic labor supply," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1399-1431, May.
    53. Kirill Borissov & Stéphane Lambrecht, 2009. "Growth and distribution in an AK-model with endogenous impatience," Post-Print hal-04279203, HAL.
    54. Charles-Coll, Jorge A., 2010. "The optimal rate of inequality: A framework for the relationship between income inequality and economic growth," MPRA Paper 28921, University Library of Munich, Germany.
    55. Lin Shu-Chin & Huang Ho-Chuan & Kim Dong-Hyeon & Yeh Chih-Chuan, 2009. "Nonlinearity between Inequality and Growth," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 13(2), pages 1-20, May.
    56. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    57. Yutaro Hatta, 2013. "Wealth Distribution Dynamics with Status Preference: asymmetric motivations for status," Discussion Papers in Economics and Business 13-08, Osaka University, Graduate School of Economics.
    58. Huang, Chien-Yu & Yang, Yibai & Zheng, Zhijie, 2018. "Monetary Policy in a Schumpeterian Growth Model with Two R&D Sectors," MPRA Paper 87462, University Library of Munich, Germany.
    59. Wei-Bin Zhang, 2017. "Business Cycles in a Two-Sector Growth Model with Heterogeneous Households and Endogenous Human Capital," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 1, pages 14-27, November.
    60. Koichi Kawamoto, 2009. "Status-seeking behavior, the evolution of income inequality, and growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(2), pages 269-289, May.
    61. Angus Chu & Guido Cozzi, 2018. "Effects of Patents versus R&D subsidies on Income Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 68-84, July.
    62. Sakiru Adebola Solarin & Carmen Lafuente & Luis A. Gil-Alana & Maria Jesus Gonzalez Blanch, 2022. "Inequality Persistence of 21 OECD Countries from 1870 to 2020: Linear and Non-Linear Fractional Integration Approaches," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(2), pages 711-725, November.
    63. Atayev, Atabek, 2013. "On the Earliest Economic Growth and Income Inequality; or Modified Old Philosophical, Forgotten or Ignored, Study Reconsidered and Developed," MPRA Paper 45448, University Library of Munich, Germany.
    64. Graziella Magalhaes & David Turchick, 2020. "Growth and inequality under different hierarchical education regimes," Working Papers, Department of Economics 2020_07, University of São Paulo (FEA-USP), revised 25 Jun 2020.
    65. Saleem Khan & Salman Azad Khan & Muhammad Tariq, 2016. "The Analysis of Income Inequality and Economic Growth Relationship: Evidence from Pakistan9apos9s Data," Global Economics Review, Humanity Only, vol. 1(1), pages 24-35, December.
    66. Sefa Awaworyi Churchill & Bin Peng & Russell Smyth & Quanda Zhang, 2022. "R&D intensity and income inequality in the G7: 1870–2016," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(3), pages 263-282, July.
    67. Chien‐Yu Huang & Youchang Wu & Yibai Yang & Zhijie Zheng, 2023. "Monetary Policy in a Schumpeterian Growth Model with Vertical R&D Sectors," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1569-1607, September.
    68. Zheng, Zhijie & Wan, Xi & Huang, Chien-Yu, 2023. "Inflation and income inequality in a Schumpeterian economy with heterogeneous wealth and skills," Economic Modelling, Elsevier, vol. 121(C).
    69. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.
    70. Wei-Bin Zhang, 2016. "Fashion with Snobs and Bandwagoners in a Three-Type Households and Three-Sector Neoclassical Growth Model," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 11(2), pages 1-19, Julio-Sep.
    71. Wei-Bin Zhang, 2014. "A Study of the Role of Government in Income and Wealth Distribution by Integrating the Walrasian General Equilibrium and Neoclassical Growth Theories," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 12(1), pages 28-45.

  20. Sibel Sirakaya & Stephen Turnovsky & N.M. Alemdar, 2005. "Feedback Approximation of the Stochastic Growth Model by Genetic Neural Networks," Working Papers UWEC-2006-03-P, University of Washington, Department of Economics, revised Jul 2005.

    Cited by:

    1. Burkhard Heer & Alfred Maußner, 2009. "Dynamic General Equilibrium Modeling," Springer Books, Springer, number 978-3-540-85685-6, June.
    2. Lim, G.C. & McNelis, Paul D., 2008. "Computational Macroeconomics for the Open Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262123061, December.
    3. Adalbert Mayer, 2022. "An Agent-Based Macroeconomic Model with Endogenous Intertemporal Decision Rules," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 48(4), pages 548-579, October.
    4. G. C. Lim & Paul D. McNelis, 2006. "Fiscal and Current Account Balances in a Model with Sticky Prices and Distortionary Taxes," Melbourne Institute Working Paper Series wp2006n21, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

  21. Francisco Alvarez-Cuadrado & Goncalo Monteiro & Stephen Turnovsky, 2004. "Habit Formation, Catching Up with the Joneses, and Economic Growth," Working Papers UWEC-2004-09-P, University of Washington, Department of Economics, revised Jan 2004.

    Cited by:

    1. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Publicly Provided Private Goods and Optimal Taxation when Consumers Have Positional Preferences," Umeå Economic Studies 886, Umeå University, Department of Economics.
    2. Kamma, Thijs & Pelsser, Antoon, 2022. "Near-optimal asset allocation in financial markets with trading constraints," European Journal of Operational Research, Elsevier, vol. 297(2), pages 766-781.
    3. Chris Papageorgiou & Fidel Perez-Sebastian, 2007. "Is the Asymptotic Speed of Convergence a Good Proxy for the Transitional Growth Path?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 1-24, February.
    4. Masako Ikefuji, 2008. "Habit formation in an endogenous growth model with pollution abatement activities," Journal of Economics, Springer, vol. 94(3), pages 241-259, September.
    5. Ronen Bar-El & Teresa García-Muñoz & Shoshana Neuman & Yossef Tobol, 2013. "The evolution of secularization: cultural transmission, religion and fertility—theory, simulations and evidence," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(3), pages 1129-1174, July.
    6. Tsoukis, Christopher & Tournemaine, Frederic, 2010. "Status in a canonical macro model: labour supply, growth, and inequality," MPRA Paper 26480, University Library of Munich, Germany.
    7. Ryoji Hiraguchi, 2004. "Some Foundations for Multiplicative Habits Models," Economics Working Paper Archive 516, The Johns Hopkins University,Department of Economics.
    8. Wei-Bin ZHANG, 2012. "Habits, Saving Propensity, And Economic Growth," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 11(2), pages 3-15.
    9. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "The Relative Income Hypothesis," CIRANO Working Papers 2008s-18, CIRANO.
    10. Manuel García-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2019. "Investment demand and structural change," Economics Working Papers 1668, Department of Economics and Business, Universitat Pompeu Fabra.
    11. Emmanuelle Augeraud-Veron & Mauro Bambi, 2012. "Does habit formation always increase the agents' desire to smooth consumption?," Discussion Papers 12/12, Department of Economics, University of York.
    12. Andreas Schäfer & Simone Valente, 2007. "Habit Formation, Dynastic Altruism, and Population Dynamics," CER-ETH Economics working paper series 07/77, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    13. Cardi, Olivier, 2007. "Another View Of The J-Curve," Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 153-174, April.
    14. Gómez, Manuel A. & Monteiro, Goncalo, 2015. "Internal habits in an endogenous growth model with elastic labor supply," Economic Modelling, Elsevier, vol. 51(C), pages 583-595.
    15. Monteiro, Goncalo & Cook, Adam & Dey, Sanjoy, 2013. "Optimal tax policy under habit formation and capital utilization," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 230-248.
    16. Luisito Bertinelli & Olivier Cardi & Romain Restout, 2021. "Labor Market Effects of Technology Shocks Biased toward the Traded Sector," Working Papers 342990229, Lancaster University Management School, Economics Department.
    17. Fisher, Walter H. & Heijdra, Ben J., 2007. "Keeping up with the Ageing Joneses," Economics Series 204, Institute for Advanced Studies.
    18. Hassan Benchekroun & Ngo Van Long, 2016. "Status Concern and the Exploitation of Common Pool Renewable Resources," CIRANO Working Papers 2016s-11, CIRANO.
    19. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    20. Jun-ichi Itaya & Chris Tsoukis, 2017. "Social Capital and the Status Externality," CESifo Working Paper Series 6820, CESifo.
    21. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "A Permanent Income Version of the Relative Income Hypothesis," CESifo Working Paper Series 2361, CESifo.
    22. Gómez Manuel A., 2010. "Endogenous Growth, Habit Formation and Convergence Speed," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-32, January.
    23. Dioikitopoulos, Evangelos & Turnovsky, Stephen & Wendner, Ronald, 2017. "Dynamic Status Effects, Savings, and Income Inequality," MPRA Paper 81005, University Library of Munich, Germany.
    24. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    25. Richard C. Barnett & Joydeep Bhattacharya, 2007. "Rejuveniles and Growth," Economics Working Papers 2007-11, Department of Economics and Business Economics, Aarhus University.
    26. Wendner, Ronald, 2009. "Growth and Keeping up with the Joneses," MPRA Paper 18001, University Library of Munich, Germany.
    27. Kakeu, Johnson & Nguimkeu, Pierre, 2017. "Habit formation and exhaustible resource risk-pricing," Energy Economics, Elsevier, vol. 64(C), pages 1-12.
    28. Jaime Alonso-Carrera & Jordi Caballé & Xavier Raurich, 2009. "Transitional Dynamics in an Endogenous Growth Model with Heterogeneous Consumption Goods," DEGIT Conference Papers c014_018, DEGIT, Dynamics, Economic Growth, and International Trade.
    29. Kontogiannis, Nikolaos & Litina, Anastasia & Varvarigos, Dimitrios, 2019. "Occupation-induced status, social norms, and economic growth," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 348-360.
    30. Alonso-Carrera, Jaime & Bouché, Stéphane & de Miguel, Carlos, 2021. "Revisiting the process of aggregate growth recovery after a capital destruction," Journal of Macroeconomics, Elsevier, vol. 68(C).
    31. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "Relative Consumption and Resource Extraction," CIRANO Working Papers 2008s-27, CIRANO.
    32. Patrick A. Pintus & Yi Wen, 2013. "Leveraged Borrowing and Boom-Bust Cycles," Post-Print hal-01500891, HAL.
    33. Been‐Lon Chen & Mei Hsu & Chia‐Hui Lu, 2008. "Inflation and Growth: Impatience and a Qualitative Equivalence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
    34. Lars Grüne & Willi Semmler, 2007. "Asset pricing with dynamic programming," Computational Economics, Springer;Society for Computational Economics, vol. 29(3), pages 233-265, May.
    35. Reto FOELLMI & Rina ROSENBLATT-WISCH & Klaus REINER SCHENK-HOPPE, 2010. "Consumption Paths under Prospect Utility in an Optimal Growth Model," Swiss Finance Institute Research Paper Series 10-38, Swiss Finance Institute.
    36. Junko Doi & Kazuo Mino, 2006. "A Variety-Expansion Model of Growth with External Habit Formation," Discussion Papers in Economics and Business 06-07, Osaka University, Graduate School of Economics.
    37. Willi Semmler & Lars Grüne, 2004. "Asset Pricing with Delayed Consumption Decisions," Computing in Economics and Finance 2004 59, Society for Computational Economics.
    38. Christa Brunnschweiler & Paivi Lujala, 2015. "Economic backwardness and social tension," University of East Anglia Applied and Financial Economics Working Paper Series 072, School of Economics, University of East Anglia, Norwich, UK..
    39. Schünemann, Johannes & Trimborn, Timo, 2017. "Boosting taxes for boasting about houses: Status concerns in the housing market," ECON WPS - Working Papers in Economic Theory and Policy 05/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    40. Heijdra, B.J. & Ligthart, J.E., 2006. "The Transitional Dynamics of Fiscal Policy in Small Open Economies," Other publications TiSEM 0012a555-1a7d-464e-baae-c, Tilburg University, School of Economics and Management.
    41. Schünemann, Johannes & Strulik, Holger & Trimborn, Timo, 2019. "Anticipation of Deteriorating Health and Information Avoidance," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203513, Verein für Socialpolitik / German Economic Association.
    42. Prettner, Klaus & Hof, Franz, 2016. "The Quest for Status and R&D-based Growth," VfS Annual Conference 2016 (Augsburg): Demographic Change 145554, Verein für Socialpolitik / German Economic Association.
    43. Wendner, Ronald, 2011. "Will the consumption externalities' effects in the Ramsey model please stand up?," Economics Letters, Elsevier, vol. 111(3), pages 210-212, June.
    44. Constantin Chilarescu & Ioana Viasu, 2016. "A Closed-form Solution of a Two-sector Endogenous Growth Model with Habit Formation," Australian Economic Papers, Wiley Blackwell, vol. 55(2), pages 112-127, June.
    45. Stefan F. Schubert, 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Post-Print hal-00851861, HAL.
    46. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "State-variable public goods and social comparisons," Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 390-410.
    47. Hiraguchi, Ryoji, 2011. "A two sector endogenous growth model with habit formation," Journal of Economic Dynamics and Control, Elsevier, vol. 35(4), pages 430-441, April.
    48. Simone Valente, 2007. "International Status Seeking, Trade, and Growth Leadership," CER-ETH Economics working paper series 07/75, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    49. Gómez, Manuel A., 2014. "Equilibrium dynamics in a class of one-sector endogenous growth models with external habits: An application of special functions," Journal of Mathematical Economics, Elsevier, vol. 51(C), pages 50-54.
    50. Takeo Hori, 2011. "The effects of consumption externalities in an R&D-based growth model with endogenous skilled and unskilled labor supply," Journal of Economics, Springer, vol. 102(1), pages 29-55, January.
    51. Manuel A. Gómez, 2010. "The welfare cost of external habits: a quantitative assessment," Estudios de Economia, University of Chile, Department of Economics, vol. 37(1 Year 20), pages 5-26, June.
    52. Strulik, Holger, 2008. "Comparing Consumption: A Curse or a Blessing?," Hannover Economic Papers (HEP) dp-382, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    53. Jaime Alonso-Carrera & Jordi Caballé & Xavier Raurich, 2011. "Sectoral Composition and Macroeconomic Dynamics," Working Papers 545, Barcelona School of Economics.
    54. Zakaria Babutsidze & Robin Cowan, 2014. "Showing or telling? Local interaction and organization of behavior," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(2), pages 151-181, October.
    55. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 13_2012, CRISEI, University of Naples "Parthenope", Italy.
    56. Strulik, Holger, 2013. "Preferences, income, and life satisfaction: An equivalence result," University of Göttingen Working Papers in Economics 171, University of Goettingen, Department of Economics.
    57. Hof, Franz X. & Prettner, Klaus, 2020. "Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?," ECON WPS - Working Papers in Economic Theory and Policy 01/2020, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    58. Francisco Alvarez‐Cuadrado, 2007. "Envy, leisure, and restrictions on working hours," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1286-1310, November.
    59. Ismail H. Genc & Mohammad Arzaghi, 2024. "Did the COVID-19 pandemic permanently impact e-commerce in the US market?," Modern Finance, Modern Finance Institute, vol. 2(1), pages 18-30.
    60. Simone Valente, 2009. "Accumulation Regimes in Dynastic Economies with Resource Dependence and Habit Formation," CER-ETH Economics working paper series 09/101, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    61. Ghosh, Sugata & Wendner, Ronald, 2014. "Positional Preferences, Endogenous Growth, and Optimal Income- and Consumption Taxation," MPRA Paper 60337, University Library of Munich, Germany.
    62. Been-Lon Chen, 2007. "Multiple BGPs in a Growth Model with Habit Persistence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 25-48, February.
    63. Willi Semmler, 2011. "Asset Prices, Booms and Recessions," Springer Books, Springer, number 978-3-642-20680-1, June.
    64. Been‐Lon Chen, 2007. "Multiple BGPs in a Growth Model with Habit Persistence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 25-48, February.
    65. Juin‐Jen Chang & Hsieh‐Yu Lin & Jhy‐Yuan Shieh, 2021. "Optimal monetary and fiscal policy with social status seeking and liquidity constraints," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(2), pages 151-168, June.
    66. Hyuk Rhee & Nurlan Turdaliev, 2012. "Targeting Rules for an Open Economy," Open Economies Review, Springer, vol. 23(3), pages 447-471, July.
    67. João Rogério Sanson, 2005. "Ethics, Politics, And Nonsatiation In Consumption: A Synthesis," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 136, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    68. Liutang Gong & Wei Wang, 2019. "Diverse Growth Patterns with External Habit Formation," Economics Bulletin, AccessEcon, vol. 39(2), pages 1418-1423.
    69. Sean Lyons & Karen Mayor & Richard S.J. Tol, 2007. "Convergence Of Consumption Patterns During Macroeconomic Transition: A Model Of Demand In Ireland And The Oecd," Working Papers FNU-141, Research unit Sustainability and Global Change, Hamburg University, revised Aug 2007.
    70. Strulik, Holger, 2013. "How status concerns can make us rich and happy," University of Göttingen Working Papers in Economics 170, University of Goettingen, Department of Economics.
    71. Binswanger, Johannes, 2010. "Understanding the heterogeneity of savings and asset allocation: A behavioral-economics perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 296-317, November.
    72. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    73. Johdo, Wataru, 2009. "Habit persistence and stagnation," Economic Modelling, Elsevier, vol. 26(5), pages 1110-1114, September.
    74. Walter H. Fisher & Ben J. Heijdra, 2008. "Growth and the Ageing Joneses," CESifo Working Paper Series 2466, CESifo.
    75. Anufriev, Mikhail & Duffy, John & Panchenko, Valentyn, 2022. "Learning in two-dimensional beauty contest games: Theory and experimental evidence," Journal of Economic Theory, Elsevier, vol. 201(C).
    76. Garcia, Abraham, 2007. "National Systems of Innovations and the Role of Demand. A Cross Country Comparison," MERIT Working Papers 2007-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    77. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 1_2012, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    78. Wei-Bin Zhang, 2016. "Population Growth And Preference Change In A Generalized Solow Growth Model With Gender Time Distributions," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 7-30, September.
    79. Hyun Park, 2019. "Endogenous Growth and Equilibrium Cycles under Altruistic and Envious Preferences," Korean Economic Review, Korean Economic Association, vol. 35, pages 307-344.
    80. Aronsson, Thomas & Johansson-Stenman, olof, 2013. "State-Variable Public Goods and Social Comparisons over Time," Working Papers in Economics 555, University of Gothenburg, Department of Economics.
    81. Zhang Wei-Bin, 2013. "Habit Formation and Preference Change with Capital and Renewable Resources," Business Systems Research, Sciendo, vol. 4(2), pages 108-125, December.
    82. Francisco Alvarez-Cuadrado, 2006. "Growth Outside The Stable Path: Lessons From The European Reconstruction," Departmental Working Papers 2006-02, McGill University, Department of Economics.
    83. Ali Choudhary & Paul Levine, 2006. "The 24/7 Society and Multiple Habits," School of Economics Discussion Papers 0506, School of Economics, University of Surrey.
    84. Inge van den Bijgaart, 2018. "Too Slow a Change? Deep Habits, Consumption Shifts and Transitory Tax Policy," CESifo Working Paper Series 6958, CESifo.
    85. Valente, Simone, 2006. "Trade, Envy and Growth: International Status Seeking in a Two-Country World," MPRA Paper 1095, University Library of Munich, Germany.
    86. Roman Naryshkin & Matt Davison, 2009. "Utility Function and Optimum Consumption in the models with Habit Formation and Catching up with the Joneses," Papers 0909.3655, arXiv.org.
    87. Edgar Cruz, 2015. "Structural Change and Non-Constant Biased Technical Change," UB School of Economics Working Papers 2015/324, University of Barcelona School of Economics.
    88. Luke Petach & Daniele Tavani, 2020. "Income shares, secular stagnation and the long‐run distribution of wealth," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 235-255, February.
    89. Johannes Schünemann & Holger Strulik & Timo Trimborn, 2023. "Anticipation of Future Consumption, Excessive Savings, and Long-Run Growth," Economics Working Papers 2023-10, Department of Economics and Business Economics, Aarhus University.
    90. Ivo Krznar, 2008. "International Business Cycles with Frictions in Goods and Factors Markets," Working Papers 18, The Croatian National Bank, Croatia.
    91. Chaudhry, Azam & Garner, Phillip, 2013. "The political economy of income comparisons and economic growth," Economic Modelling, Elsevier, vol. 31(C), pages 214-222.
    92. Vincenzo Lombardo, 2021. "Social inclusion through social status and the emergence of development traps," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 798-825, November.
    93. Mehlum, Halvor & Torvik, Ragnar & Valente, Simone, 2016. "The savings multiplier," Journal of Monetary Economics, Elsevier, vol. 83(C), pages 90-105.
    94. Petach, Luke & Tavani, Daniele, 2017. "Keeping up with the Joneses: Other-regarding Preferences and Endogenous Growth," EconStor Preprints 169416, ZBW - Leibniz Information Centre for Economics.
    95. Been-lon Chen & Yu-shan Hsu, 2009. "Is admiration a source of indeterminacy when the speed of habit formation is finite?," Economics Bulletin, AccessEcon, vol. 29(4), pages 3041-3049.
    96. Morhaim, Lisa & Ulus, Ayşegül Yıldız, 2023. "On history-dependent optimization models: A unified framework to analyze models with habits, satiation and optimal growth," Journal of Mathematical Economics, Elsevier, vol. 105(C).
    97. Nakamoto, Yasuhiro, 2009. "Jealousy and underconsumption in a one-sector model with wealth preference," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 2015-2029, December.
    98. Hyeon O. Lee & Hyun Park, 2015. "Indeterminate Balanced Growth under Habit Persistence and Fiscal Policies," International Economic Journal, Taylor & Francis Journals, vol. 29(2), pages 259-284, June.
    99. Chris Papageorgiou & Fidel Pérez Sebastián & María Dolores Guilló Fuentes, 2010. "A unified theory of structural change," Working Papers. Serie AD 2010-34, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    100. Peter Stemp & Ric Herbert, 2006. "Solving Non-Linear Models with Saddle-Path Instabilities," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 211-231, September.
    101. van den Bijgaart, Inge, 2016. "Essays in environmental economics and policy," Other publications TiSEM 298bee2a-cb08-4173-9fe1-8, Tilburg University, School of Economics and Management.
    102. Been-Lon Chen & Yu-Shan Hsu & Kazuo Mino, 2013. "Can consumption habit spillovers be a source of equilibrium indeterminacy?," Journal of Economics, Springer, vol. 109(3), pages 245-269, July.
    103. Tournemaine, Frederic & Tsoukis, Christopher, 2008. "Relative consumption, relative wealth and growth," Economics Letters, Elsevier, vol. 100(2), pages 314-316, August.
    104. Simone Valente, 2006. "Notes on Habit Formation and Socially Optimal Growth," CER-ETH Economics working paper series 06/48, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    105. Jun‐ichi Itaya & Christopher Tsoukis, 2022. "Social capital and the status externality," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(2), pages 154-181, June.
    106. Chen, Hung-Ju & Li, Ming-Chia, 2008. "Chaotic dynamics in a monetary economy with habit persistence," Journal of Economic Behavior & Organization, Elsevier, vol. 65(2), pages 245-260, February.
    107. Alvarez-Cuadrado, Francisco & Van Long, Ngo, 2011. "Relative consumption and renewable resource extraction under alternative property-rights regimes," Resource and Energy Economics, Elsevier, vol. 33(4), pages 1028-1053.
    108. Duernecker, Georg, 2007. "Growth Effects of Consumption Jealousy in a Two-Sector Model," Economics Series 201, Institute for Advanced Studies.
    109. van den Bijgaart, I.M., 2017. "Too slow a change? Deep habits, consumption shifts and transitory tax," Working Papers in Economics 701, University of Gothenburg, Department of Economics.
    110. Park, Hyun, 2013. "Do habits generate endogenous fluctuations in a growing economy?," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 54-68.
    111. Mino, Kazuo, 2006. "Consumption Externalities and Capital Accumulation in an Overlapping Generations Economy," MPRA Paper 17016, University Library of Munich, Germany.
    112. Chen, Been-Lon & Hsu, Mei, 2009. "Consumption externality, efficiency and optimal taxation in one-sector growth model," Economic Modelling, Elsevier, vol. 26(6), pages 1328-1334, November.
    113. Valente, Simone, 2011. "Habit formation and resource dependence in dynastic economies," Mathematical Social Sciences, Elsevier, vol. 61(3), pages 131-145, May.
    114. Chen, Been-Lon & Lee, Shun-Fa, 2007. "Import Tariffs and Growth in a Model with Habits," MPRA Paper 27667, University Library of Munich, Germany.
    115. Juin-jen Chang & Jhy-hwa Chen & Jhy-yuan Shieh, 2012. "Consumption externalities, market imperfections and optimal taxation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(4), pages 345-359, December.
    116. Been‐Lon Chen & Mei Hsu & Yu‐Shan Hsu, 2010. "A One‐Sector Growth Model With Consumption Standard: Indeterminate Or Determinate?," The Japanese Economic Review, Japanese Economic Association, vol. 61(1), pages 85-96, March.
    117. Gomez Suarez, Manuel A., 2008. "Utility and production externalities, equilibrium efficiency and leisure specification," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1496-1519, December.
    118. Frederic Tournemaine, 2008. "Social aspirations and choice of fertility: why can status motive reduce per-capita growth?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(1), pages 49-66, January.
    119. Frederic Tournemaine & Christopher Tsoukis, 2015. "Public Expenditures, Growth, and Distribution in a Mixed Regime of Education with a Status Motive," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(5), pages 673-701, October.
    120. Sequeira, Tiago Neves, 2008. "On the effects of human capital and R&D policies in an endogenous growth model," Economic Modelling, Elsevier, vol. 25(5), pages 968-982, September.
    121. João Ricardo Faria & Gonçalo Monteiro, "undated". "The Tenure Game: Building Up Academic Habits," Discussion Papers 05/32, Department of Economics, University of York.
    122. Xiaopeng Yin, 2014. "Externalities, Productivity and Sustained Growth," Review of Development Economics, Wiley Blackwell, vol. 18(3), pages 543-563, August.
    123. Pintea, Mihaela I., 2010. "Leisure externalities: Implications for growth and welfare," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1025-1040, December.
    124. Gómez, Manuel A., 2008. "Convergence speed in the Ak endogenous growth model with habit formation," Economics Letters, Elsevier, vol. 100(1), pages 16-21, July.
    125. Goncalo Monteiro & Stephen Turnovsky, 2013. "Anticipated Consumption and its Impact on Capital Accumulation and Growth: 'Forward-Looking' vs. 'Backward-Looking' Consumption Reference," CESifo Working Paper Series 4536, CESifo.
    126. Goncalo Monteiro & Stephen J. Turnovsky, 2016. "Anticipated consumption and its impact on capital accumulation and growth: “Forward-looking” versus “backward-looking” consumption reference," International Journal of Economic Theory, The International Society for Economic Theory, vol. 12(3), pages 203-232, September.
    127. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Positional preferences in time and space: Optimal income taxation with dynamic social comparisons," Journal of Economic Behavior & Organization, Elsevier, vol. 101(C), pages 1-23.
    128. João Ricardo Faria & Gonçalo Monteiro, 2008. "The Tenure Game: Building Up Academic Habits," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 370-380, September.
    129. Wei Wang, 2021. "Observational equivalence of balanced growth with external habit formation," Australian Economic Papers, Wiley Blackwell, vol. 60(3), pages 424-434, September.
    130. Manuel Garcia-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2018. "Investment and Saving along the Development Path," 2018 Meeting Papers 870, Society for Economic Dynamics.
    131. Bibaswan Chatterjee & Rolando Escobar‐Posada & Goncalo Monteiro, 2023. "Anticipation in leisure—Effects on labor‐leisure choice," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(2), pages 384-412, June.
    132. Petach, Luke A. & Tavani, Daniele, 2021. "Consumption externalities and growth: Theory and evidence for the United States," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 976-997.

  22. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.

    Cited by:

    1. Santanu Chatterjee & Stephen J. Turnovsky, 2005. "Financing Public Investment through Foreign Aid: Consequences for Economic Growth and Welfare," Review of International Economics, Wiley Blackwell, vol. 13(1), pages 20-44, February.

  23. Stephen Turnovsky & William Smith, 2004. "Equilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy," Working Papers UWEC-2006-01-P, University of Washington, Department of Economics, revised Oct 2004.

    Cited by:

    1. Jetter, Michael & Nikolsko-Rzhevskyy, Alex & Smith, William T., 2013. "The effects of wage volatility on growth," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 93-109.
    2. Olaf Posch, 2007. "Structural estimation of jump-diffusion processes in macroeconomics," CREATES Research Papers 2007-23, Department of Economics and Business Economics, Aarhus University.
    3. Robert S. Chirinko & Debdulal Mallick, 2014. "The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model," CESifo Working Paper Series 4895, CESifo.
    4. Olaf Posch, 2010. "Risk Premia in General Equilibrium," CESifo Working Paper Series 3131, CESifo.
    5. Chuan-Zhong Li & Karl-Gustaf Löfgren, 2012. "Genuine saving under stochastic growth," Letters in Spatial and Resource Sciences, Springer, vol. 5(3), pages 167-174, October.
    6. Robert Feicht & Wolfgang Stummer, 2010. "Complete Closed-form Solution to a Stochastic Growth Model and Corresponding Speed of Economic Recovery preliminary," DEGIT Conference Papers c015_041, DEGIT, Dynamics, Economic Growth, and International Trade.
    7. Juan Carlos Parra-Alvarez, 2013. "A comparison of numerical methods for the solution of continuous-time DSGE models," CREATES Research Papers 2013-39, Department of Economics and Business Economics, Aarhus University.
    8. Clemens Christiane, 2009. "Stochastic Growth and Factor Income Risk," German Economic Review, De Gruyter, vol. 10(4), pages 422-447, December.
    9. Olaf Posch & Timo Trimborn, 2011. "Numerical Solution of Dynamic Equilibrium Models under Poisson Uncertainty," CESifo Working Paper Series 3431, CESifo.
    10. Christian Bayer & Klaus Wälde, 2010. "Matching and Saving in Continuous Time: Theory," Working Papers 1004, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 13 Jan 2010.
    11. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.

  24. Santanu Chatterjee & Stephen Turnovsky, 2004. "Tied Versus Untied Aid: Consequences For A Growing Economy," Royal Economic Society Annual Conference 2004 147, Royal Economic Society.

    Cited by:

    1. Santanu Chatterjee & Stephen J. Turnovsky, 2005. "Financing Public Investment through Foreign Aid: Consequences for Economic Growth and Welfare," Review of International Economics, Wiley Blackwell, vol. 13(1), pages 20-44, February.

  25. A.K.M. Mahbub Morshed & Stephen Turnovsky, 2003. "Sectoral Adjustment Costs and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy," Working Papers UWEC-2002-17-P, University of Washington, Department of Economics, revised Jan 2003.

    Cited by:

    1. Luisito Bertinelli & Olivier Cardi & Romain Restout, 2016. "Technical change biased toward the traded sector and labor market frictions," Working Papers of BETA 2016-05, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Dimitris K. Christopoulos & Karine Gente & Miguel A. Leon-Ledesma, 2008. "Net Foreign Assets, Productivity and Real Exchange Rates in Constrained Economies," Discussion Papers 2008-17, School of Economics, The University of New South Wales.
    3. Craighead, William D., 2009. "Real rigidities and real exchange rate volatility," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 135-147, February.
    4. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    5. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    6. Olivier Cardi & Romain Restout, 2007. "Permanent vs Temporary Fiscal Expansion in a Two-Sector Small Open Economy Model," Post-Print halshs-00174574, HAL.
    7. BERTINELLI, Luisito & CARDI, Olivier & RESTOUT, Romain, 2020. "Relative Productivity And Search Unemployment In An Open Economy," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    8. Kang Shi, 2011. "Sectoral Labor Adjustment and Monetary Policy in a Small Open Economy," Working Papers 302011, Hong Kong Institute for Monetary Research.
    9. Olivier Cardi & Romain Restout & Peter Claeys, 2019. "Imperfect mobility of labor across sectors and fiscal transmission," Working Papers hal-02400991, HAL.
    10. Shehabi, Manal, 2020. "Diversification effects of energy subsidy reform in oil exporters: Illustrations from Kuwait," Energy Policy, Elsevier, vol. 138(C).
    11. Petrucci, Alberto, 2006. "Wealth Accumulation and Growth in a Specific-Factors Model of Trade and Finance," Economics & Statistics Discussion Papers esdp06029, University of Molise, Department of Economics.
    12. Turnovsky, Stephen J. & Basher, Md.A., 2009. "Fiscal policy and the structure of production in a two-sector developing economy," Journal of Development Economics, Elsevier, vol. 88(2), pages 205-216, March.
    13. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    14. Stephen J. Turnovsky & Serpil Tekin & Ms. Valerie Cerra, 2008. "Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," IMF Working Papers 2008/204, International Monetary Fund.
    15. Hung‐Ju Chen & Chen‐Min Hsu, 2009. "Demand Changes and Real Exchange Rate Dynamics in a Finite‐Horizon Model with Sectoral Adjustment Costs," Southern Economic Journal, John Wiley & Sons, vol. 75(4), pages 1191-1211, April.
    16. Pilar Poncela & Eva Senra & Lya Paola Sierra, 2017. "Long-term links between raw materials prices, real exchange rate and relative de-industrialization in a commodity-dependent economy: empirical evidence of “Dutch disease” in Colombia," Empirical Economics, Springer, vol. 52(2), pages 777-798, March.
    17. Saleh Ghavidel Doostkouei & Khosro Azizi & Abdolreza Talaneh, 2023. "Can natural resources revenue start industrialization? (A model for Dutch disease)," SN Business & Economics, Springer, vol. 3(1), pages 1-31, January.
    18. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," EconomiX Working Papers 2008-9, University of Paris Nanterre, EconomiX.
    19. Fernanda Nechio & Carlos Carvalho, 2013. "Real Exchange Rate Dynamics in Sticky-Price Models with Capital," 2013 Meeting Papers 236, Society for Economic Dynamics.
    20. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    21. Olivier Cardi & Romain Restout, 2011. "Fiscal Shocks in a Two Sector Open Economy," TEPP Working Paper 2011-07, TEPP.
    22. van der Ploeg, Frederick & Venables, Anthony, 2008. "Harnessing Windfall Revenues in Developing Economies: Sovereign Wealth Funds and Optimal Tradeoffs Between Citizen Dividends, P," CEPR Discussion Papers 6954, C.E.P.R. Discussion Papers.
    23. Olivier CARDI & Romain RESTOUT, 2013. "Imperfect Mobility of Labor across Sectors: a Reappraisal of the Balassa-Samuelson Effect," LIDAM Discussion Papers IRES 2013002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    24. Chatterjee, Santanu & Turnovsky, Stephen J., 2018. "Remittances and the informal economy," Journal of Development Economics, Elsevier, vol. 133(C), pages 66-83.
    25. Rick Van der Ploeg & Anthony Venables, 2010. "Absorbing a Windfall of Foreign Exchange: Dutch disease dymanics," OxCarre Working Papers 052, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    26. David Pierce & Simon Shepherd & Daniel Johnson, 2019. "Modelling the Impacts of Inter-City Connectivity on City Specialisation," International Journal of System Dynamics Applications (IJSDA), IGI Global, vol. 8(4), pages 47-70, October.
    27. Rahmati, Mohammad H. & Karimirad, Ali, 2017. "Subsidy and natural resource curse: Evidence from plant level observations in Iran," Resources Policy, Elsevier, vol. 52(C), pages 90-99.
    28. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," Working Papers hal-04140750, HAL.
    29. Lim, Sokchea & Mahbub Morshed, A.K.M., 2017. "Fiscal policy in a small open economy with cross-border labor mobility," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 147-174.
    30. Cardi O. & Restout R., 2008. "Tax Reform In Two-Sector General Equilibrium," Working Papers ERMES 0803, ERMES, University Paris 2.
    31. Frederick Van der Ploeg, 2011. "Fiscal Policy and Dutch Disease," CESifo Working Paper Series 3398, CESifo.
    32. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    33. Mohsin, Mohammed & Park, Kihyun, 2015. "Monetary policy in a two-sector dependent economy," Economic Modelling, Elsevier, vol. 46(C), pages 118-129.
    34. Frederick van der Ploeg & Anthony J. Venables, 2011. "Harnessing Windfall Revenues: Optimal Policies for Resource‐Rich Developing Economies," Economic Journal, Royal Economic Society, vol. 121(551), pages 1-30, March.
    35. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    36. De La Torre,Augusto & Ize,Alain, 2015. "Should Latin America save more to grow faster ?," Policy Research Working Paper Series 7386, The World Bank.
    37. Frederick van der Ploeg, 2011. "Natural Resources: Curse or Blessing?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 366-420, June.
    38. Grant Mark Nülle & Graham A. Davis, 2018. "Neither Dutch nor disease?—natural resource booms in theory and empirics," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 35-59, May.
    39. Peter Stemp & Ric Herbert, 2006. "Solving Non-Linear Models with Saddle-Path Instabilities," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 211-231, September.
    40. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1288-1306, August.
    41. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.
    42. Lim, Sokchea & Khun, Channary, 2022. "Macroeconomic impacts of remittances: A two-country, two-sector model," Journal of Macroeconomics, Elsevier, vol. 73(C).
    43. Moumita Basu & Ranjanendra Narayan Nag, 2018. "Capital Accumulation, Asset Price Dynamics and the Macroeconomy," Foreign Trade Review, , vol. 53(3), pages 127-155, August.
    44. Olivier Cardi & Romain Restout, 2010. "Sectoral Effects of Tax Reforms in an Open Economy," Working Papers hal-00544475, HAL.
    45. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.
    46. Alssadek, Marwan & Benhin, James, 2021. "Oil boom, exchange rate and sectoral output: An empirical analysis of Dutch disease in oil-rich countries," Resources Policy, Elsevier, vol. 74(C).
    47. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.

  26. Cecilia Garcia Penalosa & Stephen J. Turnovsky, 2003. "Second-Best Optimal Taxation of Capital and Labor in a Developing Economy," IDEP Working Papers 0307, Institut d'economie publique (IDEP), Marseille, France.

    Cited by:

    1. Joshua Aizenman & Yothin Jinjarak, 2009. "Globalisation and Developing Countries - a Shrinking Tax Base?," Journal of Development Studies, Taylor & Francis Journals, vol. 45(5), pages 653-671.
    2. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses," Working Papers UWEC-2002-07-P, University of Washington, Department of Economics, revised Oct 2003.
    3. Fabiola Saavedra-Caballero & Mónica Ospina Londoño, 2018. "Social Assistance and Informality: Examining the Link in Colombia," Revista de Economía del Rosario, Universidad del Rosario, vol. 21(1), pages 81-120, June.
    4. Turnovsky, Stephen J. & Basher, Md.A., 2009. "Fiscal policy and the structure of production in a two-sector developing economy," Journal of Development Economics, Elsevier, vol. 88(2), pages 205-216, March.
    5. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," CEIS Research Paper 218, Tor Vergata University, CEIS, revised 27 Jan 2012.
    6. Xin Long & Alessandra Pelloni, 2013. "Factor Income Taxation in a Horizontal Innovation Model," CEIS Research Paper 273, Tor Vergata University, CEIS, revised 19 Apr 2013.
    7. José Laurindo de Almeida & Helder Ferreira de Mendonça, 2019. "The effect of infrastructure and taxation on economic growth: new empirical assessment," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 46(5), pages 1065-1082, August.
    8. Kazi Iqbal & Stephen Turnovsky, 2007. "Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation," Working Papers UWEC-2007-21-P, University of Washington, Department of Economics, revised Oct 2007.
    9. Theo Eicher & Cecilia García-Peñalosa & Tanguy Ypersele, 2009. "Education, corruption, and the distribution of income," Journal of Economic Growth, Springer, vol. 14(3), pages 205-231, September.
    10. Ho, Wai-Hong & Wang, Yong, 2009. "Capital Income Taxation Revisited: The Role of Information Asymmetry in the Credit Market," MPRA Paper 17040, University Library of Munich, Germany.
    11. Marcin Piatkowski & Mariusz Jarmuzek, 2008. "Zero Corporate Income Tax in Moldova: Tax Competition and Its Implications for Eastern Europe," IMF Working Papers 2008/203, International Monetary Fund.
    12. Chatterjee, Santanu & Turnovsky, Stephen J., 2018. "Remittances and the informal economy," Journal of Development Economics, Elsevier, vol. 133(C), pages 66-83.
    13. Květa Kubátová, 2009. "Optimal Taxation - Review of Theory [Optimální zdanění - přehled dosavadní teorie]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2009(3), pages 24-36.
    14. Ho, Wai-Hong & Wang, Yong, 2007. "Factor income taxation and growth under asymmetric information," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 775-789, April.
    15. Lim, Sokchea & Mahbub Morshed, A.K.M., 2017. "Fiscal policy in a small open economy with cross-border labor mobility," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 147-174.
    16. Auriol, Emmanuelle & Walters, Michael, 2009. "The Marginal Cost of Public Funds and Tax Reform in Africa," TSE Working Papers 09-110, Toulouse School of Economics (TSE).
    17. Pierre-Richard Agénor & Kyriakos C. Neanidis, 2007. "Optimal Taxation and Growth with Public Goods and Costly Enforcement," Centre for Growth and Business Cycle Research Discussion Paper Series 89, Economics, The University of Manchester.
    18. Thomas I. Renström & Luca Spataro, 2021. "Optimal taxation in an endogenous growth model with variable population and public expenditure," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 639-659, August.
    19. Wai-Hong Ho & Yong Wang, 2015. "Capital Income Taxation Revisited: The Roles of Information Friction and External Finance," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 225-242, May.
    20. Barbara Annicchiarico & Valentina Antonaroli & Alessandra Pelloni, 2022. "Optimal factor taxation in a scale free model of vertical innovation," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 794-830, April.
    21. Gonzalez, Francisco M. & Neary, Hugh M., 2008. "Prosperity without conflict," Journal of Public Economics, Elsevier, vol. 92(10-11), pages 2170-2181, October.
    22. Warlters, Michael & Auriol, Emmanuelle, 2005. "The marginal cost of public funds in Africa," Policy Research Working Paper Series 3679, The World Bank.
    23. Granda, C. & García, D., 2020. "Informality, tax policy and the business cycle: Exploring the links," Documentos de trabajo - Alianza EFI 19123, Alianza EFI.
    24. Gupta, Manash Ranjan & Barman, Trishita Ray, 2015. "Environmental Pollution, Informal Sector, Public Expenditure And Economic Growth," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(1), pages 73-91, June.
    25. Abuselidze, George, 2020. "Optimality of tax policy on the basis of comparative analysis of income taxation," MPRA Paper 104591, University Library of Munich, Germany.
    26. Zhang, Lifeng & Ru, Yucong & Li, Jingkui, 2016. "Optimal tax structure and public expenditure composition in a simple model of endogenous growth," Economic Modelling, Elsevier, vol. 59(C), pages 352-360.

  27. Theo Eicher & Stephen Turnovsky & Maria Carme Riera i Prunera, 2003. "Effects of differential taxation on factor accumulation and growth," Working Papers in Economics 98, Universitat de Barcelona. Espai de Recerca en Economia.

    Cited by:

    1. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Role Of Human Capital," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(3), pages 115-128, September.

  28. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses," Working Papers UWEC-2002-07-P, University of Washington, Department of Economics, revised Oct 2003.

    Cited by:

    1. Qiuqiong Huang & Richard Howitt & Scott Rozelle, 2012. "Estimating production technology for policy analysis: trading off precision and heterogeneity," Journal of Productivity Analysis, Springer, vol. 38(2), pages 219-233, October.
    2. Sudeshna Ghosh, 2020. "Impact of economic growth volatility on income inequality: ASEAN experience," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(3), pages 807-850, June.
    3. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    4. Huang, Ho-Chuan (River) & Fang, WenShwo & Miller, Stephen M. & Yeh, Chih-Chuan, 2015. "The effect of growth volatility on income inequality," Economic Modelling, Elsevier, vol. 45(C), pages 212-222.
    5. Goodness C. Aye & Giray Gozgor & Rangan Gupta, 2018. "Dynamic and Asymmetric Response of Inequality to Income Volatility: The Case of the United Kingdom," Working Papers 201821, University of Pretoria, Department of Economics.
    6. Turnovsky, Stephen J. & Basher, Md.A., 2009. "Fiscal policy and the structure of production in a two-sector developing economy," Journal of Development Economics, Elsevier, vol. 88(2), pages 205-216, March.
    7. Christopher Tsoukis & Frederic Tournemaine, 2011. "Social Conflict, Growth And Factor Shares," Metroeconomica, Wiley Blackwell, vol. 62(2), pages 283-304, May.
    8. Ghiglino, Christian & Venditti, Alain, 2011. "Wealth distribution and output fluctuations," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2478-2509.
    9. Maemir, H. & Ziesemer, T., 2014. "Multinational production and trade in an endogenous growth model with heterogeneous firms," MERIT Working Papers 2014-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    10. Huang, Qiuqiong & Rozelle, Scott & Howitt, Richard E. & Wang, Jinxia & Huang, Jikun, 2006. "Irrigation Water Pricing Policy in China," 2006 Annual meeting, July 23-26, Long Beach, CA 21241, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    12. Sampson, Thomas, 2014. "Dynamic selection: an idea flows theory of entry, trade and growth," LSE Research Online Documents on Economics 60363, London School of Economics and Political Science, LSE Library.
    13. Mohsen Bahmani-Oskooee & Mehrnoosh Hasanzade, 2020. "Asymmetric Link between U.S. Tariff Policy and Income Distribution: Evidence from State Level Data," Open Economies Review, Springer, vol. 31(4), pages 821-857, September.
    14. Clemens Christiane, 2009. "Stochastic Growth and Factor Income Risk," German Economic Review, De Gruyter, vol. 10(4), pages 422-447, December.
    15. KONYA, Laszlo & MOURATIDIS, Chris, 2006. "An Empirical Analysis Of The Relationship Between Income Inequality And Growth Volatility In 70 Countries For 1960-2002," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1).
    16. Thomas Sampson, 2013. "Dynamic Selection and the New Gains from Trade with Heterogeneous Firms," 2013 Meeting Papers 125, Society for Economic Dynamics.
    17. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2004. "Second-Best Optimal Taxation of Capital and Labor in a Developing Economy," Working Papers UWEC-2004-05-P, University of Washington, Department of Economics, revised Apr 2004.
    18. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    19. László Kónya & Chris Mouratidis, 2005. "Income Inequality and Growth Volatility," Working Papers 2005.01, School of Economics, La Trobe University.

  29. Marcelo Bianconi & Stephen J. Turnovsky, 2003. "The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply," Computing in Economics and Finance 2003 277, Society for Computational Economics.

    Cited by:

    1. Gadi Barlevy, 2004. "The Cost of Business Cycles and the Benefits of Stabilization: A Survey," NBER Working Papers 10926, National Bureau of Economic Research, Inc.
    2. Olaf Posch, 2010. "Risk Premia in General Equilibrium," CESifo Working Paper Series 3131, CESifo.
    3. Liao, Zhong-Wei & Shao, Jinghai, 2024. "Stability and mean growth rate of stochastic Solow model driven by jump–diffusion process," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    4. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    5. Yoseph Getachew & Stephen Turnovsky, 2015. "Productive Government Spending and its Consequences for the Growth–Inequality Tradeoff," Working Papers 201520, University of Pretoria, Department of Economics.
    6. Akdeniz, Levent & Dechert, W. Davis, 2007. "The equity premium in Brock's asset pricing model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2263-2292, July.
    7. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    8. Merlin, Giovanni Tondin, 2018. "Entrepreneurship, financial frictions and the welfare gains of business cycles," Textos para discussão 484, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    9. Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 29(Q I), pages 32-49.

  30. Wen-Fang Liu & Stephen Turnovsky, 2003. "Consumption Externalities, Production Externalities, and the Accumulation of Capital," Working Papers UWEC-2002-13-P, University of Washington, Department of Economics, revised Nov 2003.

    Cited by:

    1. Fisher, Walter H. & Heijdra, Ben J., 2007. "Keeping up with the Ageing Joneses," Economics Series 204, Institute for Advanced Studies.
    2. Fisher, Walter H. & Hof, Franz X., 2005. "The Quest for Status and Endogenous Labor Supply. The Relative Wealth Framework," Economics Series 181, Institute for Advanced Studies.
    3. Walter H. Fisher & Ben J. Heijdra, 2008. "Growth and the Ageing Joneses," CESifo Working Paper Series 2466, CESifo.
    4. Andrew B. Abel, 2003. "Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption," NBER Working Papers 10099, National Bureau of Economic Research, Inc.
    5. Mino, Kazuo, 2006. "Consumption Externalities and Capital Accumulation in an Overlapping Generations Economy," MPRA Paper 17016, University Library of Munich, Germany.

  31. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy," Working Papers UWEC-2004-06-P, University of Washington, Department of Economics.

    Cited by:

    1. Koehler-Geib,Fritzi & Hnatkovska,Viktoria, 2015. "Business cycles accounting for Paraguay," Policy Research Working Paper Series 7284, The World Bank.

  32. Mathias Dewatripont & Lars Peter Hansen & Stephen Turnovsky, 2003. "Advances in economics and econometrics :theory and applications," ULB Institutional Repository 2013/9557, ULB -- Universite Libre de Bruxelles.

    Cited by:

    1. Igor Evstigneev & Michael Taksar, 2006. "Dynamic interaction models of economic equilibrium," Economics Discussion Paper Series 0623, Economics, The University of Manchester.
    2. Russell Smyth & Vinod Mishra & Xiaolei Qian, 2010. "Knowing One’s Lot in Life Versus Climbing the Social Ladder: The Formation of Redistributive Preferences in Urban China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 96(2), pages 275-293, April.
    3. Friederike Niepmann & Tim Schmidt-Eisenlohr, 2010. "Bank Bailouts, International Linkages and Cooperation," CEP Discussion Papers dp1023, Centre for Economic Performance, LSE.
    4. Tetsuya Yamada, 2010. "Accelerated Investment and Credit Risk under a Low Interest Rate Environment: A Real Options Approach," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 28, pages 181-214, November.
    5. John Geanakoplos & Robert Axtell & J. Doyne Farmer & Peter Howitt & Benjamin Conlee & Jonathan Goldstein & Matthew Hendrey & Nathan M. Palmer & Chun-Yi Yang, 2012. "Getting at Systemic Risk via an Agent-Based Model of the Housing Market," American Economic Review, American Economic Association, vol. 102(3), pages 53-58, May.
    6. Lin, Chung-cheng & Yang, C.C., 2008. "The firm as a community explaining asymmetric behavior and downward rigidity of wages," Journal of Economic Behavior & Organization, Elsevier, vol. 68(2), pages 390-400, November.
    7. Gong, Liutang & Smith, William & Zou, Heng-fu, 2007. "Consumption and Risk with hyperbolic discounting," Economics Letters, Elsevier, vol. 96(2), pages 153-160, August.
    8. Guillermo Ordonez, 2008. "Fragility of Reputation and Clustering in Risk Taking," 2008 Meeting Papers 441, Society for Economic Dynamics.
    9. Rege, Mari & Telle, Kjetil & Votruba, Mark, 2009. "Social Interaction Effects in Disability Pension Participation: Evidence from Plant Downsizing," UiS Working Papers in Economics and Finance 2009/30, University of Stavanger.
    10. Nobuyuki Hanaki & Nicolas Jacquemet & Stéphane Luchini & Adam Zylbersztejn, 2014. "Cognitive ability and the effect of strategic uncertainty," PSE Working Papers halshs-01095897, HAL.
    11. Christian Hellwig, 2004. "Heterogeneous Information and the Benefits of Public Information Disclosures (October 2005)," UCLA Economics Online Papers 283, UCLA Department of Economics.
    12. Sophia Chen, 2015. "Uncertainty and Investment: The Financial Intermediary Balance Sheet Channel," IMF Working Papers 2015/065, International Monetary Fund.
    13. Casal, Sandro & Fallucchi, Francesco & Quercia, Simone, 2019. "The role of morals in three-player ultimatum games," Journal of Economic Psychology, Elsevier, vol. 70(C), pages 67-79.
    14. , & , P. & , & ,, 2015. "Strategic uncertainty and the ex-post Nash property in large games," Theoretical Economics, Econometric Society, vol. 10(1), January.
    15. Merkl, Christian & Snower, Dennis J., 2007. "Monetary Persistence, Imperfect Competition, and Staggering Complementarities," IZA Discussion Papers 3033, Institute of Labor Economics (IZA).
    16. Nicolas Jacquemet & Adam Zylbersztejn, 2010. "Learning, words and actions: experimental evidence on coordination-improving information," Post-Print halshs-00505164, HAL.
    17. Stefan Hoderlein & Lars Nesheim & Anna Simoni, 2012. "Semiparametric estimation of random coefficients in structural economic models," CeMMAP working papers CWP09/12, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    18. Goldstein, Itay & Pauzner, Ady, 2004. "Contagion of self-fulfilling financial crises due to diversification of investment portfolios," Journal of Economic Theory, Elsevier, vol. 119(1), pages 151-183, November.
    19. Lehtinen, Aki, 2008. "The welfare consequences of strategic behaviour under approval and plurality voting," European Journal of Political Economy, Elsevier, vol. 24(3), pages 688-704, September.
    20. Gärtner, D.L. & Zhou, J., 2012. "Delays in Leniency Application : Is There Really a Race to the Enforcer’s Door?," Other publications TiSEM cbb8fac0-0cd7-4a0c-a6d4-a, Tilburg University, School of Economics and Management.
    21. Dubois, Pierre & Vukina, Tomislav, 2009. "Optimal incentives under moral hazard and heterogeneous agents: Evidence from production contracts data," International Journal of Industrial Organization, Elsevier, vol. 27(4), pages 489-500, July.
    22. Goldstein, Itay & Razin, Assaf, 2015. "Three Branches of Theories of Financial Crises," Foundations and Trends(R) in Finance, now publishers, vol. 10(2), pages 113-180, 30.
    23. Xavier Giné & Jessica Goldberg & Dean Yang, 2011. "Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi," NBER Working Papers 17449, National Bureau of Economic Research, Inc.
    24. Philipp Afèche & J. Michael Pavlin, 2016. "Optimal Price/Lead-Time Menus for Queues with Customer Choice: Segmentation, Pooling, and Strategic Delay," Management Science, INFORMS, vol. 62(8), pages 2412-2436, August.
    25. J. Brandes & Tobias Schüle, 2008. "IMF’s assistance: Devil’s kiss or guardian angel?," Journal of Economics, Springer, vol. 94(1), pages 63-86, June.
    26. Jean‐Pierre Florens & Jan Johannes & Sébastien Van Bellegem, 2012. "Instrumental regression in partially linear models," Econometrics Journal, Royal Economic Society, vol. 15(2), pages 304-324, June.
    27. David P. Myatt & Chris Wallace, 2003. "Evolution in Teams," Economics Series Working Papers 177, University of Oxford, Department of Economics.
    28. Ponti, Giovanni & Carbone, Enrica, 2009. "Positional learning with noise," Research in Economics, Elsevier, vol. 63(4), pages 225-241, December.
    29. Bertrand Crettez & Marie-Cécile Fagart, 2008. "Does entry improve welfare? A general equilibrium approach to competition policy," EconomiX Working Papers 2008-14, University of Paris Nanterre, EconomiX.
    30. Vladimir Kuzin & Massimiliano Marcellino & Christian Schumacher, 2009. "Pooling versus Model Selection for Nowcasting with Many Predictors: An Application to German GDP," Economics Working Papers ECO2009/13, European University Institute.
    31. Xiaohong Chen & Markus Reiss, 2007. "On Rate Optimality for Ill-posed Inverse Problems in Econometrics," Cowles Foundation Discussion Papers 1626, Cowles Foundation for Research in Economics, Yale University.
    32. Christopher Bidner & Ken Jackson, 2011. "Trust and Vulnerability," Discussion Papers 2012-09, School of Economics, The University of New South Wales.
    33. Florian Scheuer, 2012. "Adverse Selection In Credit Markets and Regressive Profit Taxation," NBER Working Papers 18406, National Bureau of Economic Research, Inc.
    34. Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2016. "Asset Encumbrance, Bank Funding, and Financial Fragility," VfS Annual Conference 2016 (Augsburg): Demographic Change 145782, Verein für Socialpolitik / German Economic Association.
    35. Andrea Barbon & Marco Di Maggio & Francesco A. Franzoni & Augustin Landier, 2017. "Brokers and Order Flow Leakage: Evidence from Fire Sales," Swiss Finance Institute Research Paper Series 17-61, Swiss Finance Institute, revised Jun 2018.
    36. Morris, Stephen & Shin, Hyun Song & Yildiz, Muhamet, 2016. "Common belief foundations of global games," Journal of Economic Theory, Elsevier, vol. 163(C), pages 826-848.
    37. Dimitri Vayanos & Jiang Wang, 2012. "Market Liquidity -- Theory and Empirical Evidence," NBER Working Papers 18251, National Bureau of Economic Research, Inc.
    38. Christian Hellwig, 2004. "Self-Fulfilling Currency Crises: The Role of Interest Rates (A.E.R., December 2006)," UCLA Economics Online Papers 338, UCLA Department of Economics.
    39. Carletti, Elena & Leonello, Agnese & Allen, Franklin & Goldstein, Itay, 2017. "Government guarantees and financial stability," Working Paper Series 2032, European Central Bank.
    40. Saki Bigio & Eduardo Zilberman, 2020. "Speculation-driven Business Cycles," Working Papers 161, Peruvian Economic Association.
    41. Bork, Lasse, 2009. "Estimating US Monetary Policy Shocks Using a Factor-Augmented Vector Autoregression: An EM Algorithm Approach," Finance Research Group Working Papers F-2009-03, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    42. Ioannides, Yannis M. & Soetevent, Adriaan R., 2007. "Social networking and individual outcomes beyond the mean field case," Journal of Economic Behavior & Organization, Elsevier, vol. 64(3-4), pages 369-390.
    43. Onur Ozgur & Alberto Bisin, 2011. "Dynamic linear economies with social interactions," Levine's Working Paper Archive 786969000000000036, David K. Levine.
    44. Walker, Todd B., 2007. "How equilibrium prices reveal information in a time series model with disparately informed, competitive traders," Journal of Economic Theory, Elsevier, vol. 137(1), pages 512-537, November.
    45. Reyes,German Jeremias & Gasparini,Leonardo Carlos, 2017. "Perceptions of distributive justice in Latin America during a period of falling inequality," Policy Research Working Paper Series 8072, The World Bank.
    46. Claudio Borio, 2011. "Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 87-117, December.
    47. Fehr, Ernst & Falk, Armin, 2002. "Psychological Foundations of Incentives," CEPR Discussion Papers 3185, C.E.P.R. Discussion Papers.
    48. ÖZGÜR, Onur, 2010. "Local Interactions," Cahiers de recherche 14-2010, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    49. David Card & Alexandre Mas & Jesse Rothstein, 2008. "Are Mixed Neighborhoods Always Unstable? Two-Sided and One Sided Tipping," Working Papers 1067, Princeton University, Department of Economics, Industrial Relations Section..
    50. David Card & Alexandre Mas & Jesse Rothstein, 2007. "Tipping and the Dynamics of Segregation," NBER Working Papers 13052, National Bureau of Economic Research, Inc.
    51. Charles A.E. Goodhart & Anil K. Kashyap & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2019. "Financial Regulation In General Equilibrium," Chapters, in: Financial Regulation and Stability, chapter 3, pages 27-77, Edward Elgar Publishing.
    52. Raffaella Santolini, 2009. "The political trend in local government tax setting," Public Choice, Springer, vol. 139(1), pages 125-134, April.
    53. Dubois, Pierre & Vukina, Tomislav, 2009. "Incentives to Invest in Short-term vs. Long-term Contracts: Evidence from a Natural Experiment," TSE Working Papers 09-136, Toulouse School of Economics (TSE), revised Dec 2009.
    54. Toni Ahnert & Benjamin Nelson, 2016. "Opaque Assets and Rollover Risk," Staff Working Papers 16-17, Bank of Canada.
    55. Holmberg, Par & Willems, Bert, 2015. "Relaxing competition through speculation : Committing to a negative supply slope," Other publications TiSEM e39e21c0-d1d3-495e-83c5-b, Tilburg University, School of Economics and Management.
    56. Onatski, Alexei, 2012. "Asymptotics of the principal components estimator of large factor models with weakly influential factors," Journal of Econometrics, Elsevier, vol. 168(2), pages 244-258.
    57. Desbordes, Rodolphe & Verardi, Vincenzo, 2012. "Refitting the Kuznets curve," Economics Letters, Elsevier, vol. 116(2), pages 258-261.
    58. Phillip Monin & Richard Bookstaber, 2017. "Information Flows, the Accuracy of Opinions, and Crashes in a Dynamic Network," Staff Discussion Papers 17-01, Office of Financial Research, US Department of the Treasury.
    59. Cornand, Camille & Heinemann, Frank, 2006. "Speculative attacks with multiple sources of public information," LSE Research Online Documents on Economics 24522, London School of Economics and Political Science, LSE Library.
    60. Michael R. Baye & Dan Kovenock & Casper G. de Vries, 2000. "Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach," CIG Working Papers FS IV 00-13, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    61. Guimarães, Bernardo de Vasconcellos & Machado, Caio Henrique, 2015. "Demand expectations and the timing of stimulus policies," Textos para discussão 379, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    62. Philip Bond & Ashok Rai, 2008. "Borrower Runs," Center for Development Economics 2008-07, Department of Economics, Williams College.
    63. Corsetti, Giancarlo & Guimaraes, Bernardo & Roubini, Nouriel, 2006. "International lending of last resort and moral hazard: A model of IMF's catalytic finance," Journal of Monetary Economics, Elsevier, vol. 53(3), pages 441-471, April.
    64. Jean-Paul Azam & Véronique Thelen, 2008. "The roles of foreign aid and education in the war on terror," Public Choice, Springer, vol. 135(3), pages 375-397, June.
    65. Florens, Jean-Pierre & Simoni, Anna, 2013. "Regularizing Priors for Linear Inverse Problems," TSE Working Papers 13-384, Toulouse School of Economics (TSE).
    66. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
    67. Bratsiotis, George J. & Peng, Baochun, 2008. "Social interaction and effort in a success-at-work augmented utility model," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1309-1318, August.
    68. Merkl, Christian & Snower, Dennis J., 2008. "East German unemployment: the myth of the irrelevant labor market," Kiel Working Papers 1435, Kiel Institute for the World Economy (IfW Kiel).
    69. Ennis, Huberto M. & Keister, Todd, 2005. "Government policy and the probability of coordination failures," European Economic Review, Elsevier, vol. 49(4), pages 939-973, May.
    70. Ascari, Guido & Merkl, Christian, 2007. "Real Wage Rigidities and the Cost of Disinflations," IZA Discussion Papers 3049, Institute of Labor Economics (IZA).
    71. Feng Yao & Junsen Zhang, 2015. "Efficient kernel-based semiparametric IV estimation with an application to resolving a puzzle on the estimates of the return to schooling," Empirical Economics, Springer, vol. 48(1), pages 253-281, February.
    72. Frutos, M. A. de & Manzano, Carolina, 2013. "Market Transparency, Market Quality and Sunshine Trading," Working Papers 2072/211882, Universitat Rovira i Virgili, Department of Economics.
    73. Bruno Jullien & Alessandro Pavan, 2013. "Platform Competition under Dispersed Information," Discussion Papers 1568, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    74. Christian Hellwig, "undated". "Policy in a Global Coordination Game: Multiplicity vs. Robust Predictions (November 2006, with Marios Angeletos and Alessandro Pavan)," UCLA Economics Online Papers 401, UCLA Department of Economics.
    75. Ghatak, Maitreesh & Karaivanov, Alexander, 2013. "Contractual Structure in Agriculture with Endogenous Matching," CAGE Online Working Paper Series 120, Competitive Advantage in the Global Economy (CAGE).
    76. Gärtner, Dennis L. & Zhou, Jun, 2012. "Delays in Leniency Application: Is There Really a Race to the Enforcer's Door?," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 395, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    77. Jean-Pierre Florens & Anna Simoni, 2012. "Nonparametric estimation of an instrumental regression: A quasi-Bayesian approach based on regularized posterior," Post-Print hal-00922877, HAL.
    78. Beschorner, Patrick Frank Ernst, 2008. "Ex Post Regulation Facilitates Collusion," ZEW Discussion Papers 08-099, ZEW - Leibniz Centre for European Economic Research.
    79. Richard W. Evans & Kerk L. Phillips, 2015. "Advantages of an Ellipse when Modeling Leisure Utility," BYU Macroeconomics and Computational Laboratory Working Paper Series 2015-01, Brigham Young University, Department of Economics, BYU Macroeconomics and Computational Laboratory.
    80. Anderson, Simon & Ciliberto, Federico & Liaukonyte, Jura, 2010. "Getting into Your Head(Ache): The Information Content of Advertising in the Over-the-Counter Analgesics Industry," MPRA Paper 24916, University Library of Munich, Germany.
    81. Guimaraes, Bernardo & Pereira, Ana Elisa, 2017. "Dynamic coordination among heterogeneous agents," Journal of Mathematical Economics, Elsevier, vol. 73(C), pages 13-33.
    82. Camille Cornand & Frank Heinemann, 2019. "Experiments on macroeconomics: methods and applications," Post-Print halshs-01902045, HAL.
    83. Christoph Breunig, 2019. "Goodness-of-Fit Tests based on Series Estimators in Nonparametric Instrumental Regression," Papers 1909.10133, arXiv.org.
    84. Claudia Berg & M. Shahe Emran & Forhad Shilpi, 2013. "Microfinance and Moneylenders: Long-run Effects of MFIs on Informal Credit Market in Bangladesh," Working Papers 2013-8, The George Washington University, Institute for International Economic Policy.
    85. George-Marios Angeletos & Alessandro Pavan, 2012. "Selection-Free Predictions in Global Games with Endogenous Information and Multiple Equilibria," Discussion Papers 1570, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    86. Araújo, Aloísio & Kubler, Felix & Schommer, Susan, 2012. "Regulating collateral-requirements when markets are incomplete," Journal of Economic Theory, Elsevier, vol. 147(2), pages 450-476.
    87. Arthur Lewbel & Yingying Dong & Thomas Tao Yang, 2012. "Comparing features of convenient estimators for binary choice models with endogenous regressors," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 45(3), pages 809-829, August.
    88. Chen, Qi & Goldstein, Itay & Jiang, Wei, 2010. "Payoff complementarities and financial fragility: Evidence from mutual fund outflows," Journal of Financial Economics, Elsevier, vol. 97(2), pages 239-262, August.
    89. Briones, Roehlano, 2007. "Do Small Farmers Borrow Less when the Lending rate Increases? The Case of Rice Farming in the Philippines," MPRA Paper 6044, University Library of Munich, Germany.
    90. Sumon Majumdar & Sharun Mukand, 2008. "The Leader as Catalyst – on Leadership and the Mechanics of Institutional Change," CESifo Working Paper Series 2337, CESifo.
    91. Steven J. Davis & Felix Kubler & Paul Willen, 2006. "Borrowing Costs and the Demand for Equity over the Life Cycle," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 348-362, May.
    92. Edoardo Gaffeo, 2005. "Inflation Regimes And Price-Setting Interactions," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 339-355.
    93. Spagnolo, Giancarlo & Fridolfsson, Sven-Olof & Le Coq, Chloé & Bigoni, Maria, 2009. "Fines, Leniency and Rewards in Antitrust: an Experiment," CEPR Discussion Papers 7417, C.E.P.R. Discussion Papers.
    94. Liao, Yuan & Jiang, Wenxin, 2011. "Posterior consistency of nonparametric conditional moment restricted models," MPRA Paper 38700, University Library of Munich, Germany.
    95. Araujo, A. & Moreira, H. & Vieira, S., 2015. "The marginal tariff approach without single-crossing," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 166-184.
    96. Andersson, Ola & Argenton, Cédric & Weibull, Jörgen W., 2012. "Robustness to Strategic Uncertainty," Working Paper Series 910, Research Institute of Industrial Economics.
    97. Christian Hellwig & Arijit Mukherji & Aleh Tsyvinski, 2005. "Self-Fulfilling Currency Crises: The Role of Interest Rates," NBER Working Papers 11191, National Bureau of Economic Research, Inc.
    98. Joan Costa-Font & Sergi Jiménez-Martín & Cristina Vilaplana, 2016. "Does long-term care subsidisation reduce unnecessary hospitalisations?," Economics Working Papers 1535, Department of Economics and Business, Universitat Pompeu Fabra.
    99. Anand, Kartik & Gauthier, Céline & Gai, Prasanna S. & Souissi, Moez, 2016. "Capturing information contagion in a stress-testing framework," Discussion Papers 29/2016, Deutsche Bundesbank.
    100. Dai, Meixing, 2010. "Financial volatility and optimal instrument choice: A revisit to Poole’s analysis," MPRA Paper 28547, University Library of Munich, Germany, revised 02 Feb 2011.
    101. Caccioli, Fabio & Shrestha, Munik & Moore, Cristopher & Farmer, J. Doyne, 2014. "Stability analysis of financial contagion due to overlapping portfolios," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 233-245.
    102. Brambilla, Irene, 2009. "Multinationals, technology, and the introduction of varieties of goods," Journal of International Economics, Elsevier, vol. 79(1), pages 89-101, September.
    103. Bigerna, Simona & Bollino, Carlo Andrea & D'Errico, Maria Chiara & Polinori, Paolo, 2015. "Competitive equilibrium in the italian wholesale electricity market," MPRA Paper 68310, University Library of Munich, Germany.
    104. Tapking, Jens & Eisenschmidt, Jens, 2009. "Liquidity risk premia in unsecured interbank money markets," Working Paper Series 1025, European Central Bank.
    105. Gagliardini, Patrick & Scaillet, Olivier, 2012. "Tikhonov regularization for nonparametric instrumental variable estimators," Journal of Econometrics, Elsevier, vol. 167(1), pages 61-75.
    106. Giorgia Piacentino & Anjan Thakor & Jason Donaldson, 2016. "Warehouse Banking," 2016 Meeting Papers 588, Society for Economic Dynamics.
    107. George-Marios Angeletos & Alessandro Pavan, 2007. "Dynamic Global Games of Regime Change: Learning, Multiplicity and Timing of Attacks," Discussion Papers 1497, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    108. MOSSAY, Pascal & PICARD, Pierre M., 2009. "On spatial equilibria in a social interaction model," LIDAM Discussion Papers CORE 2009063, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    109. Blanchet, Adrien & Mossay, Pascal & Santambrogio, Filippo, 2014. "Existence and uniqueness of equilibrium for a spatial model of social interactions," TSE Working Papers 14-489, Toulouse School of Economics (TSE).
    110. Mathevet, Laurent, 2012. "Beliefs and rationalizability in games with complementarities," MPRA Paper 36032, University Library of Munich, Germany.
    111. Kenneth Kasa & Todd B. Walker & Charles H. Whiteman, 2014. "Heterogeneous Beliefs and Tests of Present Value Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(3), pages 1137-1163.
    112. Bajoori, Elnaz & Flesch, János & Vermeulen, Dries, 2013. "Perfect equilibrium in games with compact action spaces," Games and Economic Behavior, Elsevier, vol. 82(C), pages 490-502.
    113. Koster, Hans R.A. & Rouwendal, Jan, 2013. "Agglomeration, commuting costs, and the internal structure of cities," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 352-366.
    114. Zwart, Sanne, 2007. "The mixed blessing of IMF intervention: Signalling versus liquidity support," Journal of Financial Stability, Elsevier, vol. 3(2), pages 149-174, July.
    115. Besley, Timothy & Leight, Jessica & Pande, Rohini & Rao, Vijayendra, 2016. "Long-run impacts of land regulation: Evidence from tenancy reform in India," Journal of Development Economics, Elsevier, vol. 118(C), pages 72-87.
    116. Grover,Arti & Lall,Somik V., 2016. "Jobs in the city : explaining urban spatial structure in Kampala," Policy Research Working Paper Series 7655, The World Bank.
    117. Debopam Bhattacharya, 2013. "Nonparametric Welfare Analysis for Discrete Choice," Economics Series Working Papers 669, University of Oxford, Department of Economics.
    118. Benjamin Williams, 2018. "Identification of a Nonseparable Model under Endogeneity using Binary Proxies for Unobserved Heterogeneity," Working Papers 2018-003, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    119. Sofia Wixe & Martin Andersson, 2017. "Which types of relatedness matter in regional growth? Industry, occupation and education," Regional Studies, Taylor & Francis Journals, vol. 51(4), pages 523-536, April.
    120. Bannier, Christina E., 2007. "Smoothing versus timeliness - wann sind stabile Ratings optimal und welche Anforderungen sind an optimale Berichtsregeln zu stellen?," Frankfurt School - Working Paper Series 84, Frankfurt School of Finance and Management.
    121. Karp, Larry, 2008. "Correct (and misleading) arguments for using market based pollution control policies," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8rw5801j, Department of Agricultural & Resource Economics, UC Berkeley.
    122. Elmar Mertens, 2010. "Managing beliefs about monetary policy under discretion," Finance and Economics Discussion Series 2010-11, Board of Governors of the Federal Reserve System (U.S.).
    123. Yannis Katsoulacos & Evgenia Motchenkova & David Ulph, 2014. "Penalizing Cartels: The Case for Basing Penalties on Price Overcharge," Tinbergen Institute Discussion Papers 14-129/VII, Tinbergen Institute.
    124. Christian Basteck & Tijmen R. Daniëls, 2010. "Every Symmetric 3 x 3 Global Game of Strategic Complementarities Is Noise Independent," SFB 649 Discussion Papers SFB649DP2010-061, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    125. Christian Hellwig & Arijit Mukherji, 2005. "Financial Crises and Interest Rates," 2005 Meeting Papers 172, Society for Economic Dynamics.
    126. Chen, Zhiqi & Ghosh, Subhadip & Ross, Thomas W., 2015. "Denying leniency to cartel instigators: Costs and benefits," International Journal of Industrial Organization, Elsevier, vol. 41(C), pages 19-29.
    127. Albert Banal‐Estañol & Jo Seldeslachts, 2011. "Merger Failures," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 20(2), pages 589-624, June.
    128. Bryan S. Graham, 2016. "Identifying and Estimating Neighborhood Effects," NBER Working Papers 22575, National Bureau of Economic Research, Inc.
    129. Mei Li, 2013. "Investment complementarities, coordination failure, and systemic bankruptcy," Oxford Economic Papers, Oxford University Press, vol. 65(4), pages 767-788, October.
    130. Richard Blundell & Xiaohong Chen & Dennis Kristensen, 2003. "Nonparametric IV estimation of shape-invariant Engel curves," CeMMAP working papers CWP15/03, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    131. Stefan Hoderlein & Yuya Sasaki, 2011. "On the role of time in nonseparable panel data models," CeMMAP working papers CWP15/11, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    132. Yuriy Gorodnichenko, 2008. "Endogenous information, menu costs and inflation persistence," NBER Working Papers 14184, National Bureau of Economic Research, Inc.
    133. Andrew Chesher, 2004. "Identification of sensitivity to variation in endogenous variables," CeMMAP working papers 10/04, Institute for Fiscal Studies.
    134. Sharon Oded, 2013. "Leniency and compliance: towards an effective leniency policy in the Chinese Anti-Monopoly Law," Chapters, in: Michael Faure & Xinzhu Zhang (ed.), The Chinese Anti-Monopoly Law, chapter 3, pages 142-164, Edward Elgar Publishing.
    135. Tetsuya Yamada, 2010. "Accelerated Investment and Credit Risk under a Low Interest Rate Environment: A Real Options Approach," IMES Discussion Paper Series 10-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
    136. Cañón, Carlos & Margaretic, Paula, 2014. "Correlated bank runs, interbank markets and reserve requirements," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 515-533.
    137. Harold Houba & Evgenia Motchenkova & Quan Wen, 2014. "The Effects of Leniency on Cartel Pricing," Tinbergen Institute Discussion Papers 14-146/II, Tinbergen Institute.
    138. Andrei Shleifer & Robert W. Vishny, 2010. "Fire Sales in Finance and Macroeconomics," NBER Working Papers 16642, National Bureau of Economic Research, Inc.
    139. Milo Bianchi, 2009. "Credit Constraints, Entrepreneurial Talent, and Economic Development," WIDER Working Paper Series RP2009-20, World Institute for Development Economic Research (UNU-WIDER).
    140. David Aikman & Andrew G. Haldane & Benjamin D. Nelson, 2015. "Curbing the Credit Cycle," Economic Journal, Royal Economic Society, vol. 125(585), pages 1072-1109, June.
    141. Brunnermeier, Markus & Abadi, Joseph, 2018. "Blockchain Economics," CEPR Discussion Papers 13420, C.E.P.R. Discussion Papers.
    142. Yoo, Seung Han, 2014. "Learning a population distribution," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 188-201.
    143. Claudia Cerrone & Francesco Feri & Philip R. Neary, 2021. "Ignorance is Bliss: A Game of Regret," Papers 2109.10968, arXiv.org, revised Jul 2023.
    144. Chabakauri, Georgy & Han, Brandon Yueyang, 2020. "Collateral constraints and asset prices," Journal of Financial Economics, Elsevier, vol. 138(3), pages 754-776.
    145. Federico Boffa & Viswanath Pingali & Davide Vannoni, 2009. "Increasing Market Interconnection: An analysis of the Italian Electricity Spot Market," Working papers 04, Former Department of Economics and Public Finance "G. Prato", University of Torino.
    146. König, Philipp & Anand, Kartik & Heinemann, Frank, 2013. "The ‘Celtic Crisis’: Guarantees, transparency, and systemic liquidity risk," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79747, Verein für Socialpolitik / German Economic Association.
    147. Shakill Hassan, 2005. "Optimal timing of defections from price-setting cartels in volatile markets," Working Papers 003, Economic Research Southern Africa.
    148. Bose, Subir & Zhao, Jinhua, 2003. "Optimal Use of Correlated Information in Mechanism Design When Full Surplus Extraction May Be Impossible," Staff General Research Papers Archive 10579, Iowa State University, Department of Economics.
    149. Kimmo Berg, 2013. "Complexity of solution structures in nonlinear pricing," Annals of Operations Research, Springer, vol. 206(1), pages 23-37, July.
    150. Cicero I. LIMBEREA, 2009. "A Quantification Of The 2008-2009 US Bailout Package," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 3, pages 127-135, May.
    151. Ashok Rai & Stefan Klonner, 2007. "Adverse Selection in Credit Markets: Evidence from a Policy Experiment," Center for Development Economics 2007-01, Department of Economics, Williams College.
    152. Matzkin, Rosa L., 2016. "On independence conditions in nonseparable models: Observable and unobservable instruments," Journal of Econometrics, Elsevier, vol. 191(2), pages 302-311.
    153. Stefano Gnocchi, 2013. "Monetary Commitment and Fiscal Discretion: The Optimal Policy Mix," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(2), pages 187-216, April.
    154. Bourjade, Sylvain & Jullien, Bruno, 2011. "The roles of reputation and transparency on the behavior of biased experts," MPRA Paper 34813, University Library of Munich, Germany.
    155. Economou, Fotini & Kostakis, Alexandros & Philippas, Nikolaos, 2011. "Cross-country effects in herding behaviour: Evidence from four south European markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 21(3), pages 443-460, July.
    156. Spagnolo, Giancarlo & Buccirossi, Paolo, 2005. "Leniency Policies and Illegal Transactions," CEPR Discussion Papers 5442, C.E.P.R. Discussion Papers.
    157. Angelucci, Manuela & Rasul, Imran & De Giorgi, Giacomo & Rangel, Marcos A., 2009. "Village Economies and the Structure of Extended Family Networks," CEPR Discussion Papers 7496, C.E.P.R. Discussion Papers.
    158. Zenou, Yves & Jellal, Mohamed, 2005. "Ethnic Diversity, Market Structure and Risk Sharing in Developing Countries," CEPR Discussion Papers 5366, C.E.P.R. Discussion Papers.
    159. Philippe Aghion & Richard Blundell & Rachel Griffith & Peter Howitt & Susanne Prantl, 2009. "The Effects of Entry on Incumbent Innovation and Productivity," The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 20-32, February.
    160. Catarina Marvão & Giancarlo Spagnolo, 2018. "Cartels and leniency: Taking stock of what we learnt," Chapters, in: Luis C. Corchón & Marco A. Marini (ed.), Handbook of Game Theory and Industrial Organization, Volume II, chapter 4, pages 57-90, Edward Elgar Publishing.
    161. Brunner, Eric J. & Cho, Sung-Woo & Reback, Randall, 2012. "Mobility, housing markets, and schools: Estimating the effects of inter-district choice programs," Journal of Public Economics, Elsevier, vol. 96(7), pages 604-614.
    162. S. Boragan Aruoba & Francis X. Diebold, 2010. "Real-time macroeconomic monitoring: real activity, inflation, and interactions," Working Papers 10-5, Federal Reserve Bank of Philadelphia.
    163. Koster, Hans R.A. & Pasidis, Ilias & van Ommeren, Jos, 2019. "Shopping externalities and retail concentration: Evidence from dutch shopping streets," Journal of Urban Economics, Elsevier, vol. 114(C).
    164. Jutta Dönges & Frank Heinemann & Tijmen R. Daniëls, 2013. "Crossing Network versus Dealer Market: Unique Equilibrium in the Allocation of Order Flow," SFB 649 Discussion Papers SFB649DP2013-007, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    165. Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
    166. Mellander, Charlotta & Stolarick, Kevin & Lobo, José, 2014. "Distinguishing Neighborhood and Workplace Effects on Individual Productivity: Evidence from Sweden," Working Paper Series in Economics and Institutions of Innovation 386, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    167. Abhijit Banerjee & Paul Niehaus & Tavneet Suri, 2019. "Universal Basic Income in the Developing World," NBER Working Papers 25598, National Bureau of Economic Research, Inc.
    168. Costa-Font, Joan & Jiménez-Martínez, Sergi & Vilaplana, Cristina, 2016. "Does long-term care subsidisation reduce hospital admissions?," LSE Research Online Documents on Economics 67911, London School of Economics and Political Science, LSE Library.
    169. Spiegler, Ran, 2021. "Modeling players with random “data access”," Journal of Economic Theory, Elsevier, vol. 198(C).
    170. Philipp Koenig & David Pothier, 2016. "Information Acquisition and Liquidity Dry-Ups," SFB 649 Discussion Papers SFB649DP2016-045, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    171. Omer Lev, 2010. "A Two-Dimensional Problem of Revenue Maximization," Discussion Paper Series dp542, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    172. Zenou, Yves & Patacchini, Eleonora & Liu, Xiaodong, 2013. "Peer Effects: Social Multiplier or Social Norms?," CEPR Discussion Papers 9366, C.E.P.R. Discussion Papers.
    173. Jochem, Annabelle & Parrotta, Pierpaolo & Valletta, Giacomo, 2020. "The impact of the 2002 reform of the EU leniency program on cartel outcomes," International Journal of Industrial Organization, Elsevier, vol. 71(C).
    174. Assaf Razin & Itay Goldstein, 2012. "Review Of Theories of Financial Crises," 2012 Meeting Papers 214, Society for Economic Dynamics.
    175. Lee, Ying-Ying & Bhattacharya, Debopam, 2019. "Applied welfare analysis for discrete choice with interval-data on income," Journal of Econometrics, Elsevier, vol. 211(2), pages 361-387.
    176. Beggs Alan, 2009. "Learning in Bayesian Games with Binary Actions," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-30, September.
    177. Harold Houba & Evgenia Motchenkova & Quan Wen, 2009. "The Effects of Leniency on Maximal Cartel Pricing," Tinbergen Institute Discussion Papers 09-081/1, Tinbergen Institute.
    178. Gavriilidis, Konstantinos & Kallinterakis, Vasileios & Tsalavoutas, Ioannis, 2016. "Investor mood, herding and the Ramadan effect," Journal of Economic Behavior & Organization, Elsevier, vol. 132(S), pages 23-38.
    179. Sauvagnat, Julien, 2010. "Prosecution and Leniency Programs: a Fool's Game," TSE Working Papers 10-188, Toulouse School of Economics (TSE).
    180. Xin Wang & Soo-Haeng Cho & Alan Scheller-Wolf, 2021. "Green Technology Development and Adoption: Competition, Regulation, and Uncertainty—A Global Game Approach," Management Science, INFORMS, vol. 67(1), pages 201-219, January.
    181. Pekka S��skilahti, 2015. "Monopoly Pricing of Social Goods," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 22(3), pages 429-448, November.
    182. Gamba, Astrid & Immordino, Giovanni & Piccolo, Salvatore, 2018. "Corruption, organized crime and the bright side of subversion of law," Journal of Public Economics, Elsevier, vol. 159(C), pages 79-88.
    183. Elena Carletti & Itay Goldstein & Agnese Leonello, 2019. "The interdependence of bank capital and liquidity," BAFFI CAREFIN Working Papers 19128, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    184. Naoki Kojima, 2014. "Mechanism design to the budget constrained buyer: a canonical mechanism approach," International Journal of Game Theory, Springer;Game Theory Society, vol. 43(3), pages 693-719, August.
    185. Banzhaf, H. Spencer & Walsh, Randall P., 2013. "Segregation and Tiebout sorting: The link between place-based investments and neighborhood tipping," Journal of Urban Economics, Elsevier, vol. 74(C), pages 83-98.
    186. Pascale Crama & Bert De Reyck & Zeger Degraeve, 2008. "Milestone Payments or Royalties? Contract Design for R&D Licensing," Operations Research, INFORMS, vol. 56(6), pages 1539-1552, December.
    187. van Eijkel, Remco & Moraga-González, Jose L., 2010. "Do firms sell forward for strategic reasons? An application to the wholesale market for natural gas," IESE Research Papers D/864, IESE Business School.
    188. Marcellino, Massimiliano & Schumacher, Christian, 2007. "Factor-MIDAS for now- and forecasting with ragged-edge data: a model comparison for German GDP," Discussion Paper Series 1: Economic Studies 2007,34, Deutsche Bundesbank.
    189. Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2018. "Asset encumbrance, bank funding and fragility," LSE Research Online Documents on Economics 118919, London School of Economics and Political Science, LSE Library.
    190. Rungcharoenkitkul, Phurichai, 2005. "Coordination failure cycle," MPRA Paper 37970, University Library of Munich, Germany, revised Mar 2012.
    191. Jean-Pierre Allegret & Camille Cornand, 2006. "The Pros and Cons of Higher Transparency: The Case of Speculative Attacks," Post-Print halshs-00137469, HAL.
    192. Schumacher, Christian, 2009. "Factor forecasting using international targeted predictors: the case of German GDP," Discussion Paper Series 1: Economic Studies 2009,10, Deutsche Bundesbank.
    193. Costa-Font, Joan & Jimenez-Martin, Sergi & Vilaplana, Cristina, 2018. "Does long-term care subsidization reduce hospital admissions and utilization?," Journal of Health Economics, Elsevier, vol. 58(C), pages 43-66.
    194. Sandra Eickmeier, 2009. "Comovements and heterogeneity in the euro area analyzed in a non-stationary dynamic factor model," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(6), pages 933-959.
    195. Ahnert, Toni & Martinez-Miera, David, 2021. "Bank Runs, Bank Competition and Opacity," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242348, Verein für Socialpolitik / German Economic Association.
    196. G. Dionne & F. Giuliano & P. Picard, 2002. "Optimal auditing for insurance fraud," THEMA Working Papers 2002-32, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    197. Morris, Stephen, 2014. "Coordination, timing and common knowledge," Research in Economics, Elsevier, vol. 68(4), pages 306-314.
    198. Massimo Riccaboni & Anna Romiti & Gianna Giudicati, 2011. "Co-experience Network Dynamics: Lessons from the Dance Floor," DISA Working Papers 2011/02, Department of Computer and Management Sciences, University of Trento, Italy, revised 28 Mar 2011.
    199. Agnieszka Gehringer & Thomas Mayer, 2021. "Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 17(1), pages 71-89, April.
    200. Cordero, José Manuel & Santín, Daniel & Sicilia, Gabriela, 2015. "Testing the accuracy of DEA estimates under endogeneity through a Monte Carlo simulation," European Journal of Operational Research, Elsevier, vol. 244(2), pages 511-518.
    201. Danau, Daniel & Vinellay, Annalisa, 2010. "Optimal contracting with private information on cost expectation and variability," SIRE Discussion Papers 2010-59, Scottish Institute for Research in Economics (SIRE).
    202. Zhixi Wan & Damian R. Beil, 2009. "RFQ Auctions with Supplier Qualification Screening," Operations Research, INFORMS, vol. 57(4), pages 934-949, August.
    203. Gregory E. Kersten & Tomasz Wachowicz & Margaret Kersten, 2016. "Competition, Transparency, and Reciprocity: A Comparative Study of Auctions and Negotiations," Group Decision and Negotiation, Springer, vol. 25(4), pages 693-722, July.
    204. Dunker, Fabian & Florens, Jean-Pierre & Hohage, Thorsten & Johannes, Jan & Mammen, Enno, 2014. "Iterative estimation of solutions to noisy nonlinear operator equations in nonparametric instrumental regression," LIDAM Reprints ISBA 2014007, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    205. Chih‐Sheng Hsieh & Hans van Kippersluis, 2018. "Smoking initiation: Peers and personality," Quantitative Economics, Econometric Society, vol. 9(2), pages 825-863, July.
    206. Figueroa, Aldo, 2011. "Income inequality and credit markets," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    207. Thomas A. Severini & Gautam Tripathi, 2005. "Some Identification Issues in Nonparametric Linear Models with Endogenous Regressors," Working papers 2005-12, University of Connecticut, Department of Economics.
    208. Chris Edmond, 2007. "Information Manipulation, Coordination and Regime Change," Working Papers 07-24, New York University, Leonard N. Stern School of Business, Department of Economics.
    209. Benjamin Chabot & Charles C. Moul, 2013. "Bank panics, government guarantees, and the long-run size of the financial sector: evidence from free-banking America," Working Paper Series WP-2013-03, Federal Reserve Bank of Chicago.
    210. Xiaohong Chen & David Jacho-Chávez & Oliver Linton, 2012. "Averaging of moment condition estimators," CeMMAP working papers CWP26/12, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    211. Stephen Morris & Ming Yang, 2016. "Coordination and Continuous Choice," Working Papers 087_2017, Princeton University, Department of Economics, Econometric Research Program..
    212. Daniel Danau & Annalisa Vinella, 2012. "Optimal contract with private information on cost expectation and variability," Economics Working Paper Archive (University of Rennes & University of Caen) 201228, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    213. Kilenthong, Weerachart & Townsend, Robert, 2007. "Market Based, Segregated Exchanges with Default Risk," MPRA Paper 20724, University Library of Munich, Germany, revised 12 Nov 2009.
    214. Leonello, Agnese, 2017. "Government guarantees and the two-way feedback between banking and sovereign debt crises," Working Paper Series 2067, European Central Bank.
    215. Chassang, Sylvain, 2008. "Uniform selection in global games," Journal of Economic Theory, Elsevier, vol. 139(1), pages 222-241, March.
    216. Bandiera, Oriana, 2000. "On the structure of tenancy contracts: theory and evidence from 19th century rural Sicily," LSE Research Online Documents on Economics 3546, London School of Economics and Political Science, LSE Library.
    217. Anand, Kartik & Duley, Chanelle & Gai, Prasanna, 2022. "Cybersecurity and financial stability," Discussion Papers 08/2022, Deutsche Bundesbank.
    218. Maria Mercanti-Guérin, 2020. "The Improvement of Retargeting by Big Data: a Decision Support that Threatens the Brand Image?," Post-Print hal-03027981, HAL.
    219. Azevedo, Eduardo M. & Gottlieb, Daniel, 2019. "An example of non-existence of Riley equilibrium in markets with adverse selection," LSE Research Online Documents on Economics 102566, London School of Economics and Political Science, LSE Library.
    220. Alexey Malakhov & Rakesh Vohra, 2009. "An optimal auction for capacity constrained bidders: a network perspective," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 113-128, April.
    221. Kasahara, Tetsuya, 2009. "Coordination failure among multiple lenders and the role and effects of public policy," Journal of Financial Stability, Elsevier, vol. 5(2), pages 183-198, June.
    222. Stolpe, Michael, 2004. "Europe's entry into the venture capital business: efficiency and policy," Kiel Working Papers 1223, Kiel Institute for the World Economy (IfW Kiel).
    223. Gregory Pavlov, 2010. "Optimal Mechanism for Selling Two Goods," University of Western Ontario, Departmental Research Report Series 20103, University of Western Ontario, Department of Economics.
    224. König, Philipp & Anand, Kartik & Heinemann, Frank, 2014. "Guarantees, transparency and the interdependency between sovereign and bank default risk," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 321-337.
    225. Wang, Yafeng & Graham, Brett, 2010. "Identification and Estimation of a Discrete Game by Observing its Correlated Equilibria," MPRA Paper 45656, University Library of Munich, Germany, revised 16 May 2011.
    226. Li Mei, 2012. "Coordination Failure in Investment, Economic Growth, and Volatility," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-33, March.
    227. H. Spencer Banzhaf & Randall P. Walsh, 2010. "Segregation and Tiebout Sorting: Investigating the Link between Investments in Public Goods and Neighborhood Tipping," NBER Working Papers 16057, National Bureau of Economic Research, Inc.
    228. Patacchini, Eleonora & Bisin, Alberto, 2019. "Dynamic Social Interactions and Health Risk Behavior," CEPR Discussion Papers 13918, C.E.P.R. Discussion Papers.
    229. Mikko Packalen & Jay Bhattacharya, 2015. "Neophilia Ranking of Scientific Journals," NBER Working Papers 21579, National Bureau of Economic Research, Inc.
    230. Kim, Minseong & Kim, Young-Han, 2013. "When does coordination for free trade regimes fail?," Economic Modelling, Elsevier, vol. 31(C), pages 31-36.
    231. Marcelo de C. Griebeler, 2019. "“But everybody’s doing it!”: a model of peer effects on student cheating," Theory and Decision, Springer, vol. 86(2), pages 259-281, March.
    232. Alcalde, Jose & Dahm, Matthias, 2010. "On the Complete Information First--Price Auction and its Intuitive Solution," MPRA Paper 22306, University Library of Munich, Germany.
    233. Pekka Sääskilahti, 2016. "Buying Decision Coordination and Monopoly Pricing of Network Goods," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(2), pages 313-333, April.
    234. Robert S. Chirinko & Christopher Curran, 2013. "Greenspan Shrugs: Central Bank Communication, Formal Pronouncements and Bond Market Volatility," CESifo Working Paper Series 4236, CESifo.
    235. Lucian A. Bebchuk & Itay Goldstein, 2010. "Self-Fulfilling Credit Market Freezes," NBER Working Papers 16031, National Bureau of Economic Research, Inc.
    236. Levine, David I. & Cotterman, Carolyn, 2012. "What Impedes Efficient Adoption of Products? Evidence from Randomized Variation in Sales Offers for Improved Cookstoves in Uganda," Institute for Research on Labor and Employment, Working Paper Series qt7qk8m53w, Institute of Industrial Relations, UC Berkeley.
    237. Junnosuke Shino, 2010. "Lender of Last Resort Policy in a Global Game and the Role of Depositors Aggregate Behavior as Signaling," Departmental Working Papers 201007, Rutgers University, Department of Economics.
    238. Robert E. Lucas & Nancy L. Stokey, 2011. "Liquidity crises," Economic Policy Paper 11-3, Federal Reserve Bank of Minneapolis.
    239. Bryan S. Graham & James Powell, 2008. "Identification and Estimation of 'Irregular' Correlated Random Coefficient Models," NBER Working Papers 14469, National Bureau of Economic Research, Inc.
    240. Guimaraes, Bernardo, 2006. "Dynamics of currency crises with asset market frictions," Journal of International Economics, Elsevier, vol. 68(1), pages 141-158, January.
    241. Kim, Young-Han, 2011. "International policy coordination mechanism with respect to the moral hazards of financial intermediaries," Economic Modelling, Elsevier, vol. 28(4), pages 1914-1922, July.
    242. Wolak, Frank A., 2015. "Measuring the competitiveness benefits of a transmission investment policy: The case of the Alberta electricity market," Energy Policy, Elsevier, vol. 85(C), pages 426-444.
    243. Khaled Diaw & Jérôme Pouyet, 2005. "Information, competition and (In) complete discrimination," Working Papers hal-00243025, HAL.
    244. Holden, Steinar & Natvig, Gisle James & Vigier, Adrien, 2012. "An Equilibrium Model of Credit Rating Agencies," Memorandum 01/2013, Oslo University, Department of Economics.
    245. Frédéric Loss & Estelle Malavolti-Grimal & Thibaud Vergé & Fabian Bergès-Sennou, 2005. "European Competition Policy Modernization : From Notifications to Legal Exception," Working Papers 2005-38, Center for Research in Economics and Statistics.
    246. Mkhabela, Thulasizwe, 2018. "Dual Moral Hazard and Adverse Selection in South African Agribusiness: It Takes Two to Tango," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(3), February.
    247. Rodrigo Harrison & Roberto Muñoz, 2008. "Stability and equilibrium selection in a link formation game," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(2), pages 335-345, November.
    248. Gerberding, Christina & Gerke, Rafael & Hammermann, Felix, 2010. "Price-level targeting when there is price-level drift," Discussion Paper Series 1: Economic Studies 2010,23, Deutsche Bundesbank.
    249. George-Marios Angeletos & Christian Hellwig & Alessandro Pavan, 2005. "Signaling in a Global Game: Coordination and Policy Traps," Discussion Papers 1400, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    250. Philipp König & Kartik Anand & Frank Heinemann, 2013. "The ‘Celtic Crisis’: Guarantees, transparency, and systemic liquidity risk," SFB 649 Discussion Papers SFB649DP2013-025, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    251. Joel L. Horowitz & Sokbae Lee, 2007. "Nonparametric Instrumental Variables Estimation of a Quantile Regression Model," Econometrica, Econometric Society, vol. 75(4), pages 1191-1208, July.
    252. Iijima, Ryota, 2015. "Iterated generalized half-dominance and global game selection," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 120-136.
    253. Roehlano M. Briones, 2009. "Do Small Farmers Borrow Less When the Lending Rate Increases? Interest Rate Elasticity of Rice Farmers in the Philippines," Asian Economic Journal, East Asian Economic Association, vol. 23(4), pages 439-455, December.
    254. Pereira, Ana Elisa, 2021. "Rollover risk and stress test credibility," Games and Economic Behavior, Elsevier, vol. 129(C), pages 370-399.
    255. Simon Gaechter, 2006. "Conditional cooperation: Behavioral regularities from the lab and the field and their policy implications," Discussion Papers 2006-03, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    256. Christian Grund & Judith Przemeck, 2012. "Subjective performance appraisal and inequality aversion," Applied Economics, Taylor & Francis Journals, vol. 44(17), pages 2149-2155, June.
    257. Bond, Philip & Rai, Ashok S., 2009. "Borrower runs," Journal of Development Economics, Elsevier, vol. 88(2), pages 185-191, March.
    258. ,, 2013. "On the structure of rationalizability for arbitrary spaces of uncertainty," Theoretical Economics, Econometric Society, vol. 8(2), May.
    259. Kurosaki, Takashi, 2011. "Wages in Kind and Economic Development: Historical and Contemporary Evidence from Asia," PRIMCED Discussion Paper Series 11, Institute of Economic Research, Hitotsubashi University.
    260. Inderst, Roman & Peitz, Martin, 2012. "Informing consumers about their own preferences," International Journal of Industrial Organization, Elsevier, vol. 30(5), pages 417-428.
    261. E. Glen Weyl & Michal Fabinger, 2013. "Pass-Through as an Economic Tool: Principles of Incidence under Imperfect Competition," Journal of Political Economy, University of Chicago Press, vol. 121(3), pages 528-583.
    262. Harold Houba & Evgenia Motchenkova & Quan Wen, 2018. "Legal Principles in Antitrust Enforcement," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(3), pages 859-893, July.
    263. Daniel Susskind, 2022. "Rational inattention and public signals," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 58(2), pages 225-255, February.
    264. Cristina Lopez-Mayan, 2013. "Performance in Post-compulsory Education: Evidence from Vocational and Academic Tracks," Working Papers wpdea1302, Department of Applied Economics at Universitat Autonoma of Barcelona.
    265. Mei Li & Frank Milne, 2007. "The Role Of Large Players In A Dynamic Currency Attack Game," Working Paper 1148, Economics Department, Queen's University.
    266. Aldashev, Gani, 2010. "Political Information Acquisition for Social Exchange," Quarterly Journal of Political Science, now publishers, vol. 5(1), pages 1-25, April.
    267. Hong Liu & Mark Loewenstein, 2013. "Market Crashes, Correlated Illiquidity, and Portfolio Choice," Management Science, INFORMS, vol. 59(3), pages 715-732, October.
    268. Koster, Hans R.A. & Rietveld, Piet & van Ommerren, Jos N., 2011. "Is the sky the limit? an analysis of high-rise office buildings," LSE Research Online Documents on Economics 58467, London School of Economics and Political Science, LSE Library.
    269. Beltramo, Theresa & Blalock, Garrick & Levine, David I. & Simons, Andrew M., 2015. "The effect of marketing messages and payment over time on willingness to pay for fuel-efficient cookstoves," Journal of Economic Behavior & Organization, Elsevier, vol. 118(C), pages 333-345.
    270. Daniel Danau & Annalisa Vinella, 2015. "Sequential screening with privately known characteristics of cost distribution," Economics Working Paper Archive (University of Rennes & University of Caen) 201502, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
    271. Angel Hernando-Veciana & Fabio Michelucci, 2014. "On the Optimality of Not Allocating," CERGE-EI Working Papers wp514, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    272. Chiara Fumagalli & Massimo Motta, 2006. "Buyers’ miscoordination, entry, and downstream competition," CSEF Working Papers 152, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    273. Houba, Harold & Motchenkova, Evgenia & Wen, Quan, 2012. "Competitive prices as optimal cartel prices," Economics Letters, Elsevier, vol. 114(1), pages 39-42.
    274. Gehlbach, Scott & Keefer, Philip, 2011. "Investment without democracy: Ruling-party institutionalization and credible commitment in autocracies," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 123-139, June.
    275. Bosco, Bruno & Parisio, Lucia & Pelagatti, Matteo, 2012. "Strategic bidding in vertically integrated power markets with an application to the Italian electricity auctions," Energy Economics, Elsevier, vol. 34(6), pages 2046-2057.
    276. Martijn B.W. Kobus & Jos N. van Ommeren & Hans R.A. Koster & Piet Rietveld, 2013. "Congestible Goods and Hoarding: A Test based on Students' Use of University Computers," Tinbergen Institute Discussion Papers 13-083/VIII, Tinbergen Institute.
    277. Gavazza, Alessandro, 2010. "The role of trading frictions in real asset markets," MPRA Paper 25781, University Library of Munich, Germany.
    278. Michael Woodford, 2010. "Financial Intermediation and Macroeconomic Analysis," Journal of Economic Perspectives, American Economic Association, vol. 24(4), pages 21-44, Fall.
    279. Stephen Morris & Ming Yang, 2016. "Coordination and the Relative Cost of Distinguishing Nearby States," Working Papers 079_2016, Princeton University, Department of Economics, Econometric Research Program..
    280. Flavio M. Menezes & Rohan Pitchford & Andrew Wait, 2003. "Tendering and Bidding for Access: A Regulator's Guide to Auctions," Australian Journal of Management, Australian School of Business, vol. 28(3), pages 345-370, December.
    281. Charles D Brummitt & Rajiv Sethi & Duncan J Watts, 2014. "Inside Money, Procyclical Leverage, and Banking Catastrophes," PLOS ONE, Public Library of Science, vol. 9(8), pages 1-12, August.
    282. Basteck, Christian & Daniëls, Tijmen R. & Heinemann, Frank, 2013. "Characterising equilibrium selection in global games with strategic complementarities," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2620-2637.
    283. William R. White, 2012. "Ultra easy monetary policy and the law of unintended consequences," Globalization Institute Working Papers 126, Federal Reserve Bank of Dallas.
    284. Dirk Bergemann & Alessandro Pavan, 2015. "Introduction to JET Symposium Issue on "Dynamic Contracts and Mechanism Design"," Cowles Foundation Discussion Papers 2016, Cowles Foundation for Research in Economics, Yale University.
    285. Fernandez, Jose & Nahata, Babu, 2009. "Pay What You Like," MPRA Paper 16265, University Library of Munich, Germany.
    286. Sebastian Galiani & Juan Pantano, 2021. "Structural Models: Inception and Frontier," NBER Working Papers 28698, National Bureau of Economic Research, Inc.
    287. Jun Zhou, 2016. "The dynamics of leniency application and the knock-on effect of cartel enforcement," Working Papers 13042, Bruegel.
    288. Mei Li & Frank Milne, 2010. "A Large Trader in Bubbles and Crashes: an Application to Currency Attacks," Working Papers 1004, University of Guelph, Department of Economics and Finance.
    289. Khan, Mohammed Ali & Rath, Kali P. & Yu, Haomiao & Zhang, Yongchao, 2017. "On the equivalence of large individualized and distributionalized games," Theoretical Economics, Econometric Society, vol. 12(2), May.
    290. Kochar, Anjini & Nagabhushana, Closepet & Sarkar, Ritwik & Shah, Rohan & Singh, Geeta, 2022. "Financial access and women's role in household decisions: Empirical evidence from India's National Rural Livelihoods project," Journal of Development Economics, Elsevier, vol. 155(C).
    291. Harold Houba & Evgenia Motchenkova & Quan Wen, 2010. "Competitive Prices as Profit-Maximizing Cartel Prices," Tinbergen Institute Discussion Papers 10-047/1, Tinbergen Institute.
    292. Giuseppe Lopomo & Leslie M. Marx & David McAdams & Brian Murray, 2011. "Carbon Allowance Auction Design: An Assessment of Options for the United States," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(1), pages 25-43, Winter.
    293. Gerberding, Christina & Gerke, Rafael & Hammermann, Felix, 2012. "Price-level targeting when there is price-level drift," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 757-768.
    294. Bragard, Jean & Mossay, Pascal, 2016. "Stability of a spatial model of social interactions," Chaos, Solitons & Fractals, Elsevier, vol. 83(C), pages 140-146.
    295. Ana Fostel & John Geanakoplos, 2016. "Financial Innovation, Collateral, and Investment," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 242-284, January.
    296. Liu, Nianqing & Vuong, Quang & Xu, Haiqing, 2017. "Rationalization and identification of binary games with correlated types," Journal of Econometrics, Elsevier, vol. 201(2), pages 249-268.
    297. Steven F. Cahan & Chen Chen & Li Chen, 2017. "Social Norms and CSR Performance," Journal of Business Ethics, Springer, vol. 145(3), pages 493-508, October.
    298. Philipp Johann König, 2015. "Liquidity Requirements: A Double-Edged Sword," International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 129-168, December.
    299. Christophe Van Nieuwenhuyze, 2006. "A generalised dynamic factor model for the Belgian economy - Useful business cycle indicators and GDP growth forecasts," Working Paper Research 80, National Bank of Belgium.
    300. Steven Lloyd Wilson, 2015. "Social identity, cross-cutting cleavages, and explaining the breakdown of interethnic cooperation," Rationality and Society, , vol. 27(4), pages 455-468, November.
    301. Chen, Xiaohong, 2007. "Large Sample Sieve Estimation of Semi-Nonparametric Models," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 6, chapter 76, Elsevier.
    302. Adrien Blanchet & Pascal Mossay & Filippo Santambrogio, 2016. "Existence And Uniqueness Of Equilibrium For A Spatial Model Of Social Interactions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(1), pages 31-60, February.
    303. Kartik Anand & Céline Gauthier & Moez Souissi, 2015. "Quantifying Contagion Risk in Funding Markets: A Model-Based Stress-Testing Approach," Staff Working Papers 15-32, Bank of Canada.
    304. Junnosuke Shino, 2011. "A Global Game Analysis of Emergent Liquidity Provision and the Role of Creditors' Aggregate Behavior as Signaling," Bank of Japan Working Paper Series 11-E-7, Bank of Japan.
    305. Liu, Xiaodong & Patacchini, Eleonora & Zenou, Yves, 2014. "Endogenous peer effects: local aggregate or local average?," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 39-59.
    306. Bachmann, Manuel, 2018. "Market Illiquidity, Credit Freezes and Endogenous Funding Constraints," Department of Economics Working Paper Series 255, WU Vienna University of Economics and Business.
    307. Manuel Bachmann, 2018. "Market Illiquidity, Credit Freezes and Endogenous Funding Constraints," Department of Economics Working Papers wuwp255, Vienna University of Economics and Business, Department of Economics.
    308. Hong, Harrison & Kacperczyk, Marcin, 2009. "The price of sin: The effects of social norms on markets," Journal of Financial Economics, Elsevier, vol. 93(1), pages 15-36, July.
    309. Gerlach, Heiko, 2007. "Stochastic market sharing, partial communication and collusion," IESE Research Papers D/674, IESE Business School.
    310. Kokovin Sergey & Zhelobodko Evgeniy, 2008. "Diagnosing Efficiency of Distortion in Discrete Screening," EERC Working Paper Series 08/02e, EERC Research Network, Russia and CIS.
    311. Simon Burgess & Marisa Ratto, 2003. "The Role of Incentives in the Public Sector: Issues and Evidence," The Centre for Market and Public Organisation 03/071, The Centre for Market and Public Organisation, University of Bristol, UK.
    312. eleonora patacchini & Yves Zenou & Xiaodong Liu, 2012. "Peer effects in education, sport and screen activities: local aggregate or local average?," 2012 Meeting Papers 1198, Society for Economic Dynamics.
    313. Eickmeier, Sandra, 2005. "Common stationary and non-stationary factors in the euro area analyzed in a large-scale factor model," Discussion Paper Series 1: Economic Studies 2005,02, Deutsche Bundesbank.
    314. Karim Barhoumi & Olivier Darné & Laurent Ferrara, 2010. "Are disaggregate data useful for factor analysis in forecasting French GDP?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 29(1-2), pages 132-144.
    315. Anderson, Simon P. & Ciliberto, Federico & Liaukonyte, Jura, 2013. "Information content of advertising: Empirical evidence from the OTC analgesic industry," International Journal of Industrial Organization, Elsevier, vol. 31(5), pages 355-367.
    316. Liu, Qihong & Shuai, Jie, 2013. "Multi-dimensional price discrimination," International Journal of Industrial Organization, Elsevier, vol. 31(5), pages 417-428.
    317. Eva Lütkebohmert & Daniel Oeltz & Yajun Xiao, 2017. "Endogenous Credit Spreads and Optimal Debt Financing Structure in the Presence of Liquidity Risk," European Financial Management, European Financial Management Association, vol. 23(1), pages 55-86, January.
    318. James L. Powell, 2017. "Identification and Asymptotic Approximations: Three Examples of Progress in Econometric Theory," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 107-124, Spring.
    319. Fabian Dunker, 2015. "Adaptive estimation for some nonparametric instrumental variable models," Papers 1511.03977, arXiv.org, revised Aug 2021.
    320. Alcalde, José & Dahm, Matthias, 2008. "The Complete Information First. Price Auction or the Importance of Being Indivisible," Working Papers 2072/13264, Universitat Rovira i Virgili, Department of Economics.
    321. Azacis, Helmuts & Vida, Peter, 2021. "Fighting Collusion: An Implementation Theory Approach," Cardiff Economics Working Papers E2021/19, Cardiff University, Cardiff Business School, Economics Section.
    322. COLLA, Paolo & GARCIA, Filomena, 2004. "Technology adoption with forward looking agents," LIDAM Discussion Papers CORE 2004041, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    323. Erlend Berg, 2011. "Funeral insurance," CSAE Working Paper Series 2011-16, Centre for the Study of African Economies, University of Oxford.
    324. Gärtner, D.L. & Zhou, J., 2012. "Delays in Leniency Application : Is There Really a Race to the Enforcer’s Door?," Discussion Paper 2012-044, Tilburg University, Tilburg Law and Economic Center.
    325. Tai, Silvio Hong Tiing, 2009. "Social interactions of migrants and trade outcomes," WTO Staff Working Papers ERSD-2009-02, World Trade Organization (WTO), Economic Research and Statistics Division.
    326. Michael Woodford, 2011. "Pośrednictwo finansowe i analiza makroekonomiczna," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 109-139.
    327. Li, Zhaolin & Shao, Lusheng, 2015. "Time-based procurement," International Journal of Production Economics, Elsevier, vol. 169(C), pages 350-361.
    328. Leslie M. Marx & Claudio Mezzetti & Robert C. Marshall, 2015. "Antitrust Leniency with Multiproduct Colluders," American Economic Journal: Microeconomics, American Economic Association, vol. 7(3), pages 205-240, August.
    329. Jon Danielsson & Hyun Song Shin & Jean-Pierre Zigrand, 2012. "Endogenous Extreme Events and the Dual Role of Prices," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 111-129, July.
    330. Koster, Hans R.A. & van Ommeren, Jos & Rietveld, Piet, 2014. "Estimation of semiparametric sorting models: Explaining geographical concentration of business services," Regional Science and Urban Economics, Elsevier, vol. 44(C), pages 14-28.
    331. Kasahara, Tetsuya, 2013. "Investment complementarities, coordination failure, and the role and effects of public investment policy," Discussion Paper Series 589, Institute of Economic Research, Hitotsubashi University.
    332. Pedro FrancŽs-G—mez & Lorenzo Sacconi & Marco Faillo, 2012. "Behavioral Business Ethics as a Method for Normative Business Ethics," Econometica Working Papers wp42, Econometica.
    333. Peter C.B. Phillips & Liangjun Su, 2009. "Nonparametric Structural Estimation via Continuous Location Shifts in an Endogenous Regressor," Cowles Foundation Discussion Papers 1702, Cowles Foundation for Research in Economics, Yale University.
    334. Semeshenko, Viktoriya & Gordon, Mirta B. & Nadal, Jean-Pierre, 2008. "Collective states in social systems with interacting learning agents," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(19), pages 4903-4916.

  33. Lúdvík Elíasson & Stephen J. Turnovsky, 2002. "Renewable Resources In An Endogenously Growing Economy: Balanced Growth And Transitional Dynamics," Economics wp20_ludvik, Department of Economics, Central bank of Iceland.

    Cited by:

    1. Martínez-Sánchez, José F. & Pérez-Lechuga, Gilberto & Venegas-Martínez, Francisco (ed.), 2017. "Modelos para la toma de decisiones en la Ingeniería Económica y Financiera: Un enfoque estocástico Vol 3," Sección de Estudios de Posgrado e Investigación de la Escuela Superios de Economía del Instituto Politécnico Nacional, Escuela Superior de Economía, Instituto Politécnico Nacional, edition 1, volume 3, number 017, January.
    2. Rafael González-Val & Fernando Pueyo, 2010. "First nature vs. second nature causes: industry location and growth in the presence of an open-access renewable resource," Working Papers 2010/39, Institut d'Economia de Barcelona (IEB).
    3. Horii, Ryo & Ikefuji, Masako, 2010. "Natural Disasters in a Two-Sector Model of Endogenous Growth," Center Discussion Papers 97337, Yale University, Economic Growth Center.
    4. de Freitas, Maurício Assuero Lima & Stamford da Silva, Alexandre, 2013. "The influence of the healthcare system on optimal economic growth," Economic Modelling, Elsevier, vol. 35(C), pages 734-742.
    5. Cuong Le Van & Katheline Schubert & Tu Anh Nguyen, 2007. "With Exhaustible Resources, Can A Developing Country Escape From The Poverty Trap?," Working Papers 15, Development and Policies Research Center (DEPOCEN), Vietnam.
    6. González-Val, Rafael & Pueyo, Fernando, 2012. "Trade liberalisation and global-scale forest transition," MPRA Paper 36271, University Library of Munich, Germany.
    7. José Ramón Ruiz Tamarit & Manuel Sánchez Moreno, 2006. "Optimal Regulation And Growth In A Natural-Resource-Based Economy," Working Papers. Serie AD 2006-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    8. Angelo Antoci & Paolo Russu & Elisa Ticci, 2008. "Structural Change, Environment and Well-being: Interactions Between Production and Consumption Choices of the Rich and the Poor in Developing Countries," Working Papers 2008.48, Fondazione Eni Enrico Mattei.
    9. Wei-Bin Zhang, 2015. "Oscillations in a Growth Model with Endogenous Wealth, Resource, Housing, and Elastic Labour Supply," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(9), pages 458-472, September.
    10. Zhang Wei-Bin, 2011. "Economic Growth And Dynamics Of Renewable Resource With Housing, Agricultural And Resource Land Use," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(2), pages 151-174, August.
    11. Antoci, Angelo & Iannucci, Gianluca & Rocchi, Benedetto & Ticci, Elisa, 2023. "The land allocation game: Externalities and evolutionary competition," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 124-133.
    12. Elissaios Papyrakis & Reyer Gerlagh, 2005. "Natural Resources, Innovation, and Growth," DEGIT Conference Papers c010_054, DEGIT, Dynamics, Economic Growth, and International Trade.
    13. Imre Dobos & Peter Tallos, 2013. "A dynamic input-output model with renewable resources," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 21(2), pages 295-305, March.
    14. Barañano Mentxaka, Ilaski & San Martín Lizarralde, Marta, 2014. "Foreign Aid Linked to Infrastructure and/or Pollution Abatement," IKERLANAK 11751, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    15. Birgit Bednar-Friedl & Karl Farmer, 2013. "Time consuming resource extraction in an overlapping generations economy with capital," Journal of Economics, Springer, vol. 110(3), pages 203-224, November.
    16. Joubert, J.W. & Luhandjula, M.K. & Ncube, O. & le Roux, G. & de Wet, F., 2007. "An optimization model for the management of a South African game ranch," Agricultural Systems, Elsevier, vol. 92(1-3), pages 223-239, January.
    17. ZHANG Wei-Bin, 2015. "Values Of Land And Renewable Resources In A Three-Sector Economic Growth Model," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 10(1), pages 156-186, April.
    18. Sanchez-Fung, Jose R. & Faria, Joao Ricardo, 2009. "The economy and the environment in the Dominican Republic and Haiti: what explains the differences?," Economics Discussion Papers 2009-3, School of Economics, Kingston University London.
    19. Antoci, Angelo & Russu, Paolo & Ticci, Elisa, 2008. "Structural change, economic growth and environmental dynamics with heterogeneous agents," MPRA Paper 13668, University Library of Munich, Germany.
    20. Zhang Wei-Bin, 2013. "Habit Formation and Preference Change with Capital and Renewable Resources," Business Systems Research, Sciendo, vol. 4(2), pages 108-125, December.
    21. Koichi Futagami & Yasuhiro Nakamoto, 2010. "Dynamic analysis of a renewable resource in a small open economy: The role of environmental policies for the environment," Discussion Papers in Economics and Business 10-21, Osaka University, Graduate School of Economics.
    22. Antoci, Angelo & Galeotti, Marcello & Russu, Paolo, 2011. "Poverty trap and global indeterminacy in a growth model with open-access natural resources," Journal of Economic Theory, Elsevier, vol. 146(2), pages 569-591, March.
    23. González-Val, Rafael & Pueyo, Fernando, 2018. "Natural Resources, Economic Growth and Geography," ETA: Economic Theory and Applications 276176, Fondazione Eni Enrico Mattei (FEEM).
    24. Rafael González-Val & Fernando Pueyo, 2017. "Trade liberalization and forest transition," International Journal of Economic Theory, The International Society for Economic Theory, vol. 13(3), pages 269-287, September.
    25. Sasmal, Joydeb & Weikard, Hans-Peter, 2013. "Soil Degradation, Policy Intervention and Sustainable Agricultural Growth," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 52(4), pages 1-20, November.
    26. Frederick van der Ploeg, 2011. "Natural Resources: Curse or Blessing?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 366-420, June.
    27. Fabrizio Carmignani & Abdur Chowdhury, 2010. "Why are natural resources a curse in Africa, but not elsewhere?," Discussion Papers Series 406, School of Economics, University of Queensland, Australia.
    28. Xie Jia, 2006. "Resources as an Input of Production in a Two-Sector Economy," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-35, April.
    29. Eppink, Florian V. & van den Bergh, Jeroen C.J.M., 2007. "Ecological theories and indicators in economic models of biodiversity loss and conservation: A critical review," Ecological Economics, Elsevier, vol. 61(2-3), pages 284-293, March.
    30. Castillo-Ramírez, Claudia Estrella & Venegas-Martínez, Francisco & López-Herrera, Francisco (ed.), 2017. "Modelado de Fenómenos Económicos y Financieros. Una Visión Contemporánea," Sección de Estudios de Posgrado e Investigación de la Escuela Superios de Economía del Instituto Politécnico Nacional, Escuela Superior de Economía, Instituto Politécnico Nacional, edition 1, volume 1, number 016, January.
    31. Ludvik Eliasson, 2004. "Resource Policy in an Endogenously Growing Economy," Economics wp25_ludvik, Department of Economics, Central bank of Iceland.
    32. Wu, Haitao & Wang, Bingjie & Lu, Mingyue & Irfan, Muhammad & Miao, Xin & Luo, Shiyue & Hao, Yu, 2023. "The strategy to achieve zero‑carbon in agricultural sector: Does digitalization matter under the background of COP26 targets?," Energy Economics, Elsevier, vol. 126(C).
    33. OA Carboni & P. Russu, 2012. "Global Indeterminacy in a Tourism Sector Model," Working Paper CRENoS 201230, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    34. Angelo Antoci & Paolo Russu & Elisa Ticci, 2008. "Distributive impact of structural change: does environmental degradation matter?," Working Papers - Economics wp2008_07.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    35. Stamford da Silva, Alexandre, 2008. "Growth with exhaustible resource and endogenous extraction rate," Economic Modelling, Elsevier, vol. 25(6), pages 1165-1174, November.
    36. Nagase, Yoko & Uehara, Takuro, 2011. "Evolution of population-resource dynamics models," Ecological Economics, Elsevier, vol. 72(C), pages 9-17.
    37. Wei-Bin ZHANG, 2014. "Human Capital, Wealth, and Renewable Resources," Expert Journal of Economics, Sprint Investify, vol. 2(1), pages 1-20.
    38. Fang, Guochang & Chen, Gang & Yang, Kun & Yin, Weijun & Tian, Lixin, 2024. "How does green fiscal expenditure promote green total factor energy efficiency? — Evidence from Chinese 254 cities," Applied Energy, Elsevier, vol. 353(PA).
    39. Erkki Koskela & Markku Ollikainen & Mikko Puhakka, 2008. "SaddleS and BifurcationS in an Overlapping GenerationS Economy with a Renewable Resource," Finnish Economic Papers, Finnish Economic Association, vol. 21(1), pages 3-21, Spring.
    40. Carboni, Oliviero A. & Russu, Paolo, 2013. "Linear production function, externalities and indeterminacy in a capital-resource growth model," Journal of Mathematical Economics, Elsevier, vol. 49(5), pages 422-428.
    41. Papyrakis, Elissaios & Gerlagh, Reyer, 2006. "Resource windfalls, investment, and long-term income," Resources Policy, Elsevier, vol. 31(2), pages 117-128, June.
    42. Cinzia Colapinto & Danilo Liuzzi & Simone Marsiglio, 2017. "Sustainability and intertemporal equity: a multicriteria approach," Annals of Operations Research, Springer, vol. 251(1), pages 271-284, April.
    43. Yunwei Li & Wenjing Long & Xiao Ning & Yumeng Zhu & Yifan Guo & Zhou Huang & Yu Hao, 2022. "How can China's sustainable development be damaged in consequence of financial misallocation? Analysis from the perspective of regional innovation capability," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3649-3668, November.
    44. Wu, Haitao & Hao, Yu & Ren, Siyu & Yang, Xiaodong & Xie, Guo, 2021. "Does internet development improve green total factor energy efficiency? Evidence from China," Energy Policy, Elsevier, vol. 153(C).
    45. Lopez, Ramon E. & Anriquez, Gustavo & Gulati, Sumeet, 2007. "Structural change and sustainable development," Journal of Environmental Economics and Management, Elsevier, vol. 53(3), pages 307-322, May.

  34. Santanu Chatterjee & Stephen Turnovsky, 2002. "Substitutability of Capital, Investment Costs, and Foreign Aid," Working Papers UWEC-2002-08-P, University of Washington, Department of Economics, revised Nov 2002.

    Cited by:

    1. Ott, Ingrid & Soretz, Susanne, 2006. "Infrastruktur als Investitionsdeterminante von KMU," Hannover Economic Papers (HEP) dp-329, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    2. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.
    3. K C Neanidis, 2005. "Aid, Budgetary Policies, and the Macroeconomy: Growth, Inflation, and Welfare," Centre for Growth and Business Cycle Research Discussion Paper Series 58, Economics, The University of Manchester.
    4. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.
    5. Santanu Chatterjee & Stephen Turnovsky, 2005. "Foreign Aid and Economic Growth: The Role of Flexible Labor Supply," Working Papers UWEC-2004-07-P, University of Washington, Department of Economics, revised Nov 2005.

  35. Cecilia Garcia-Penalosa & Stephen J. Turnovsky, 2002. "production risk and the functional distribution of income in a developing economy," Computing in Economics and Finance 2002 2, Society for Computational Economics.

    Cited by:

    1. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2004. "Second-Best Optimal Taxation of Capital and Labor in a Developing Economy," Working Papers UWEC-2004-05-P, University of Washington, Department of Economics, revised Apr 2004.

  36. Stephen Turnovsky & Santanu Chatterjee, 2002. "To Spend the US Government Surplus or to Increase the Deficit? A Numerical Analysis of the Policy Options," Working Papers UWEC-2002-19-P, University of Washington, Department of Economics.

    Cited by:

    1. Gemmell Norman & Au Joey, 2013. "Do Smaller Governments Raise the Level or Growth of Output? A Review of Recent Evidence," Review of Economics, De Gruyter, vol. 64(2), pages 85-116, August.
    2. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    3. Turnovsky, Stephen J. & Pintea, Mihaela, 2006. "Public and private production in a two-sector economy," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 273-302, June.
    4. Dean Scrimgeour, 2015. "Dynamic Scoring in a Romer‐Style Economy," Southern Economic Journal, John Wiley & Sons, vol. 81(3), pages 697-723, January.
    5. Gemmell, Norman & Au, Joey, 2012. "Government Size, Fiscal Policy and the Level and Growth of Output: A Review of Recent Evidence," Working Paper Series 18755, Victoria University of Wellington, Chair in Public Finance.
    6. Francisco Alvarez-Cuadrado, 2006. "Growth Outside The Stable Path: Lessons From The European Reconstruction," Departmental Working Papers 2006-02, McGill University, Department of Economics.
    7. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    8. Norman Gemmell & Richard Kneller & Ismael Sanz, 2011. "The Timing and Persistence of Fiscal Policy Impacts on Growth: Evidence from OECD Countries," Economic Journal, Royal Economic Society, vol. 121(550), pages 33-58, February.

  37. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.

    Cited by:

    1. Arif Oduncu, 2012. "Determinants of Precautionary Savings: Elasticity of Intertemporal Substitution vs. Risk Aversion," EcoMod2012 4380, EcoMod.
    2. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    3. Isela Téllez-León. & Francisco Venegas-Martínez. & Abigail Rodríguez-Nava., 2011. "Inflation Volatility and Growth in a Stochastic Small Open Economy: A Mixed Jump-Diffusion Approach," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 35(2), pages 131-156, Julio-Dic.
    4. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    5. Marcelo Bianconi, 2011. "Transfer programs under alternative insurance schemes and liquidity constraints," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 20(2), pages 175-197.
    6. Simon GB Cowan & Simon Cowan, 2002. "Commodity Taxation as Insurance Against Price Risk," Economics Series Working Papers 110, University of Oxford, Department of Economics.
    7. Venegas Martínez Francisco & Rodríguez Nava Abigail, 2010. "Optimal portafolio and consumption decisions under exchange rate and interest rate risks. A jump-diffusion approach," Contaduría y Administración, Accounting and Management, vol. 55(1), pages 9-24, enero-abr.
    8. Marcelo Bianconi, 2004. "Transfer Programs and Consumption under Alternative Insurance Schemes and Liquidity Constraints," Discussion Papers Series, Department of Economics, Tufts University 0411, Department of Economics, Tufts University.
    9. Simon GB Cowan & Simon Cowan, 2002. "Marginal Cost Pricing versus Insurance," Economics Series Working Papers 102, University of Oxford, Department of Economics.
    10. Shapiro, Joel & Wu, Stephen, 2011. "Fatalism and savings," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 645-651.
    11. Kenc, Turalay & Dibooglu, Sel, 2007. "The spirit of capitalism, asset pricing and growth in a small open economy," Journal of International Money and Finance, Elsevier, vol. 26(8), pages 1378-1402, December.
    12. Simon GB Cowan & Simon Cowan, 2002. "Utility Regulation and Risk Allocation: The Roles of Marginal Cost Pricing and Futures Markets," Economics Series Working Papers 100, University of Oxford, Department of Economics.
    13. Michael Nwogugu, 2020. "Regret Theory And Asset Pricing Anomalies In Incomplete Markets With Dynamic Un-Aggregated Preferences," Papers 2005.01709, arXiv.org.
    14. Smith, William & Son, Young Seob, 2005. "Can the desire to conserve our natural resources be self-defeating?," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 52-67, January.
    15. Asiye Aydilek & Harun Aydilek, 2020. "An optimization model of retiree decisions under recursive utility with housing," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(2), pages 258-277, April.
    16. Echevarría, Cruz A., 2012. "Income tax progressivity, physical capital, aggregate uncertainty and long-run growth in an OLG economy," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 955-974.
    17. Gregory Thwaites, 2006. "Optimal emerging market fiscal policy when trend output growth is unobserved," Bank of England working papers 308, Bank of England.

  38. Turnovsky, S., 2000. "Growth in an Open Economy: some Recent Developments," Papers 5, Warwick - Development Economics Research Centre.

    Cited by:

    1. Selaya, Pablo & Sunesen, Eva Rytter, 2012. "Does Foreign Aid Increase Foreign Direct Investment?," World Development, Elsevier, vol. 40(11), pages 2155-2176.
    2. Aykut Kibritcioglu, 1997. "On the Smithian Origins of "New" Trade and Growth Theories," International Trade 9711001, University Library of Munich, Germany, revised 04 Feb 2002.
    3. Leonel-Reyes, Fermin, 2020. "Desarrollo humano y crecimiento económico y en los municipios metropolitanos del valle de México," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 15(52), pages 115-135, Primer se.
    4. Patrick Bisciari & Alain Durré & Alain Nyssens, 2003. "Stock market valuation in the United States," Working Paper Document 41, National Bank of Belgium.
    5. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    6. Norman Loayza & Pablo Fajnzylber & César Calderón, 2005. "Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts," World Bank Publications - Books, The World Bank Group, number 7315, December.
    7. Francisco Gallego & Norman Loayza, 2002. "The Golden Period for Growth in Chile: Explanations and Forecasts," Working Papers Central Bank of Chile 146, Central Bank of Chile.
    8. Checherita-Westphal, Cristina & Domingues Semeano, João, 2020. "Interest rate-growth differentials on government debt: an empirical investigation for the euro area," Working Paper Series 2486, European Central Bank.
    9. Pozzolo, Alberto Franco, 2004. "Endogenous Growth in Open Economies - A Survey of Major Results," Economics & Statistics Discussion Papers esdp04020, University of Molise, Department of Economics.
    10. Hatice KÜÇÜKKAYA, 2017. "EUREFE’17 International Conference," Turkish Economic Review, KSP Journals, vol. 4(3), pages 343-344, September.
    11. Chen, Shu-hua & Shaw, Ming-fu & Lai, Ching-chong & Chang, Juin-jen, 2008. "Interest-rate rules and transitional dynamics in an endogenously growing open economy," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 54-75, February.
    12. Ming-fu Shaw & Shu-hua Chen & Ching-chong Lai & Juin-jen Chang, 2004. "Interest Rate Rules, Target Policies, and Endogenous Economic Growth in an Open Economy," IEAS Working Paper : academic research 04-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    13. Aslý YENÝPAZARLI, 2017. "Economic freedom and effects on economic growth: A time series analysis for Turkey," Turkish Economic Review, KSP Journals, vol. 4(3), pages 345-351, September.
    14. De La Torre,Augusto & Ize,Alain, 2015. "Should Latin America save more to grow faster ?," Policy Research Working Paper Series 7386, The World Bank.
    15. Ivo Maes, 2002. "On the origins of the Franco-German EMU controversies," Working Paper Research 34, National Bank of Belgium.
    16. George VAN GASTEL & François COPPENS & Hilde MEERSMAN & Nathalie SELLEKAERTS & Eddy VAN DE VOORDE & Thierry VANELSLANDER & Ann VERHETSEL, 2010. "Economic Impact of Port Activity: A Disaggregate Analysis. The Case of Antwerp," Regional and Urban Modeling 284100044, EcoMod.
    17. Geert Langenus, 2006. "Fiscal sustainability indicators and policy design in the face of ageing," Working Paper Research 102, National Bank of Belgium.
    18. Luc SOETE, 2001. "ICTs, knowledge work and employment: The challenges to Europe," International Labour Review, International Labour Organization, vol. 140(2), pages 143-163, June.
    19. Luc Aucremann & David Cornille, 2001. "Attractive prices and euro-rounding effects on inflation," Working Paper Document 17, National Bank of Belgium.

  39. Stephen J. Turnovsky, 2000. "The Transitional Dynamics Of Fiscal Policy; Long-Run Capital Accumulation And Growth," Computing in Economics and Finance 2000 199, Society for Computational Economics.

    Cited by:

    1. Chris Papageorgiou & Fidel Perez-Sebastian, 2007. "Is the Asymptotic Speed of Convergence a Good Proxy for the Transitional Growth Path?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 1-24, February.
    2. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2008. "How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model," Working Papers wp2008_11_01, Department of Economics, Florida State University, revised Sep 2008.
    3. Marcel Aloy & Gilles de Truchis, 2012. "Estimation and Testing for Fractional Cointegration," AMSE Working Papers 1215, Aix-Marseille School of Economics, France.
    4. Gemmell Norman & Au Joey, 2013. "Do Smaller Governments Raise the Level or Growth of Output? A Review of Recent Evidence," Review of Economics, De Gruyter, vol. 64(2), pages 85-116, August.
    5. Pierre-Richard Agénor, 2012. "Infrastructure, Public Education And Growth With Congestion Costs," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 449-469, October.
    6. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    7. N Bose & J A Holman & K C Neanidis, 2005. "The Optimal Public Expenditure Financing Policy: Does the Level of Economic Development Matter?," Centre for Growth and Business Cycle Research Discussion Paper Series 57, Economics, The University of Manchester.
    8. Turnovsky, Stephen J. & Pintea, Mihaela, 2006. "Public and private production in a two-sector economy," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 273-302, June.
    9. Trimborn, Timo & Strulik, Holger, 2011. "The Dark Side of Fiscal Stimulus," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48725, Verein für Socialpolitik / German Economic Association.
    10. Jorge Soares, Marina Azzimonti, Pierre-Daniel Sarte & Pierre-Daniel Sarte & Jorge Soares, 2006. "Distortionary Taxes and Public Investment When Government Promises Are Not Enforceable," Working Papers 06-07, University of Delaware, Department of Economics.
    11. Jean-Paul Fitoussi & Hélène Baudchon & Jérôme Creel & Jean-Luc Gaffard & Eloi Laurent & Jacques Le Cacheux & Patrick Musso & Michel Aglietta & Vladimir Borgy & Jean Chateau & Michel Juillard & Gilles , 2005. "Potential Growth in the EU : Prospects from Technical Progress and Eastern Enlargment," SciencePo Working papers Main hal-03458887, HAL.
    12. Norman Gemmell & Richard Kneller & Danny McGowan & Ismael Sanz & José F. Sanz‐Sanz, 2018. "Corporate Taxation and Productivity Catch‐Up: Evidence from European Firms," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(2), pages 372-399, April.
    13. Chatterjee, Santanu, 2005. "Capital utilization, economic growth and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 29(12), pages 2093-2124, December.
    14. Jérôme Creel & Maurizio Iacopetta, 2015. "Macroeconomic policy and potential growth," Working Papers hal-03459896, HAL.
    15. Guo, Lu & Li, Fangfang, 2015. "Industrial structure and productivities in a two-sector growth model," MPRA Paper 63447, University Library of Munich, Germany.
    16. Hashimzade, Nigar & Myles, Gareth D., 2010. "Growth And Public Infrastructure," Macroeconomic Dynamics, Cambridge University Press, vol. 14(S2), pages 258-274, November.
    17. Gemmell, Norman & Kneller, Richard & Sanz, Ismael, 2013. "The Growth Effects of Tax Rates in the OECD," Working Paper Series 18771, Victoria University of Wellington, Chair in Public Finance.
    18. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    19. Ghazi A. Joharji & Martha A. Starr, 2010. "Fiscal policy and growth in Saudi Arabia," Working Papers 2010-07, American University, Department of Economics.
    20. Norman Gemmell & Richard Kneller & Ismael Sanz, 2016. "Does the Composition of Government Expenditure Matter for Long-Run GDP Levels?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(4), pages 522-547, August.
    21. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    22. Lim, Sokchea, 2021. "Policy to promote overseas migrant work: A macro-dynamic framework," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 113-125.
    23. Ghosh Sugata & Neanidis Kyriakos C., 2017. "Corruption, fiscal policy, and growth: a unified approach," The B.E. Journal of Macroeconomics, De Gruyter, vol. 17(2), pages 1-24, June.
    24. Gokan, Yoichi, 2008. "Infrastructure, alternative government finance and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 321-347, February.
    25. Eleftherios Goulas & Athina Zervoyianni, 2012. "Growth, Deficits and Uncertainty in a Panel of 28 Countries," Working Paper series 52_12, Rimini Centre for Economic Analysis.
    26. Felice, Giulia, 2016. "Size and composition of public investment, sectoral composition and growth," European Journal of Political Economy, Elsevier, vol. 44(C), pages 136-158.
    27. Tchantchane, A. & Rodrigues, G. & Fortes, P.C., 2013. "An Empirical Study on the importance of Remittance and Educational Expenditure on Growth: Case of the Philippines," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 173-186.
    28. Groneck, Max, 2010. "A golden rule of public finance or a fixed deficit regime?: Growth and welfare effects of budget rules," Economic Modelling, Elsevier, vol. 27(2), pages 523-534, March.
    29. Hyun Park, 2009. "Ramsey fiscal policy and endogenous growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 377-398, June.
    30. Augustin K. Fosu & Thomas H. W. Ziesemer & Yoseph Y. Getachew, 2014. "Optimal Public Investment, Growth, and Consumption: Fresh Evidence from African Countries," Working Papers 471, Economic Research Southern Africa.
    31. Augustin Kwasi Fosu & Yoseph Yilma Getachew & Thomas Ziesemer, 2012. "Optimal public investment, growth and consumption: evidence from African countries," Global Development Institute Working Paper Series 16412, GDI, The University of Manchester.
    32. Germaschewski, Yin, 2020. "Stabilization policy, infrastructure investment, and welfare in a small open economy," Economic Modelling, Elsevier, vol. 84(C), pages 322-339.
    33. Antonio Soares Martins Neto & Gilberto Tadeu Lima, 2017. "Competitive Exchange Rate and Public Infrastructure in a Macrodynamic of Economic Growth," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 792-815, November.
    34. Elton Beqiraj & Silvia Fedeli & Francesco Forte, 2018. "Public budgetary rules and GDP growth: An empirical study on OECD and twelve european countries," Southern Economic Journal, John Wiley & Sons, vol. 85(1), pages 170-188, July.
    35. Gustavo Marrero, 2010. "Tax-mix, public spending composition and growth," Journal of Economics, Springer, vol. 99(1), pages 29-51, February.
    36. Hung-Ju Chen, 2015. "Innovation and Intellectual Property Rights in a Product-cycle Model of Skills Accumulation," Review of International Economics, Wiley Blackwell, vol. 23(2), pages 320-344, May.
    37. Funashima, Yoshito, 2015. "Governmentally amplified output volatility," MPRA Paper 65330, University Library of Munich, Germany.
    38. Sanz Labrador, Ismael & Sanz-Sanz, José Félix, 2013. "Política fiscal y crecimiento económico: consideraciones microeconómicas y relaciones macroeconómicas," Macroeconomía del Desarrollo 5367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    39. Chatterjee, Santanu, 2007. "Should The Private Sector Provide Public Capital?," Macroeconomic Dynamics, Cambridge University Press, vol. 11(3), pages 318-346, June.
    40. Gemmell, Norman & Au, Joey, 2012. "Government Size, Fiscal Policy and the Level and Growth of Output: A Review of Recent Evidence," Working Paper Series 18755, Victoria University of Wellington, Chair in Public Finance.
    41. Kunze, Lars, 2009. "Capital Taxation, Long-run Growth, and Bequests," Ruhr Economic Papers 113, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    42. M. Emranul Haque & Richard Kneller, 2015. "Why does Public Investment Fail to Raise Economic Growth? The Role of Corruption," Manchester School, University of Manchester, vol. 83(6), pages 623-651, December.
    43. Murakami, Hiroki & Sasaki, Hiroaki, 2020. "Economic development with public capital accumulation: The crucial role of wage flexibility on business cycles," Economic Modelling, Elsevier, vol. 93(C), pages 299-309.
    44. Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
    45. Ram Sharan Kharel, Ph.D., 2012. "Modelling and Forecasting Fiscal Policy and Economic Growth in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 24(1), pages 1-15, April.
    46. Gang Gong & Alfred Greiner & Willi Semmler, 2004. "Endogenous Growth: Estimating the Romer Model for the US and Germany," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(2), pages 147-164, May.
    47. Wei-Bin Zhang, 2017. "Governments’ Debts And Public Goods In A Multi-Country. Growth Model With Tradable And Non-Tradable Goods," Journal of Smart Economic Growth, , vol. 2(2), pages 1-34, May.
    48. Wei-Bin Zhang, 2020. "Optimal Taxation in the Solow-Uzawa Growth Model with Public Goods," Journal of Social and Development Sciences, AMH International, vol. 10(3), pages 1-11.
    49. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    50. Michał Konopczyński, 2022. "Optimal Fiscal Policy in a Small Open Economy: Insights from the Growth Model with Human Capital and Public Debt," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 14(2), pages 131-160, June.
    51. Tomáš Buus, 2012. "Daně z příjmů versus daň z přidaní hodnoty v malé otevřené ekonomice [Taxes on income vs. value added tax in small open economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(1), pages 58-80.
    52. Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
    53. Drygalla, Andrej & Holtemöller, Oliver & Kiesel, Konstantin, 2020. "The Effects Of Fiscal Policy In An Estimated Dsge Model—The Case Of The German Stimulus Packages During The Great Recession," Macroeconomic Dynamics, Cambridge University Press, vol. 24(6), pages 1315-1345, September.
    54. Wei Bin Zhang, 2015. "Progressive Income Taxation and Economic Growth with Endogenous Labor Supply and Public Good," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    55. Alvarez-Cuadrado, Francisco & Pintea, Mihaela I., 2009. "A quantitative exploration of the Golden Age of European growth," Journal of Economic Dynamics and Control, Elsevier, vol. 33(7), pages 1437-1450, July.
    56. Gustavo A. Marrero, 2005. "Revisiting the optimal stationary public investment policy in endogenous growth economies," Documentos de Trabajo del ICAE 0509, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    57. Wei-Bin Zhang, 2014. "Multi-regional economic growth with public good and regional fiscal policies in a small-open economy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(2), pages 409-429, March.
    58. Getachew, Yoseph, 2008. "Public Capital, Income Distribution and Growth," MERIT Working Papers 2008-056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    59. Michał Konopczyński, 2018. "Optimal fiscal policy in an emerging economy with credit constraints: theory and application for Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(3), pages 169-231, September.
    60. Funashima, Yoshito, 2016. "Governmentally amplified output volatility," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 469-478.
    61. Chris Papageorgiou & Fidel Pérez Sebastián & María Dolores Guilló Fuentes, 2010. "A unified theory of structural change," Working Papers. Serie AD 2010-34, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    62. Santanu Chatterjee & Stephen Turnovsky, 2005. "Foreign Aid and Economic Growth: The Role of Flexible Labor Supply," Working Papers UWEC-2004-07-P, University of Washington, Department of Economics, revised Nov 2005.
    63. Manh Vu LE & Terukazu Suruga, 2005. "The Effects of FDI and Public Expenditure on Economic Growth: From Theoretical Model to Empirical Evidence," GSICS Working Paper Series 2, Graduate School of International Cooperation Studies, Kobe University.
    64. Steger, Thomas M., 2002. "Transitional dynamics in R&D-based models of endogenous growth," Wirtschaftswissenschaftliche Diskussionspapiere 04/2002, University of Greifswald, Faculty of Law and Economics.
    65. Santanu Chatterjee & Sugata Ghosh, 2011. "The dual nature of public goods and congestion: the role of fiscal policy revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1471-1496, November.
    66. Wei-Bin Zhang, 2018. "National Debt and Economic Growth with Externalities and Congestions," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 175-191, June.
    67. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.
    68. Lu, Chia-Hui, 2015. "Fiscal policies, frictional labor market, and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 315-327.
    69. John Gibson & Felix Rioja, 2017. "Public Infrastructure Maintenance And The Distribution Of Wealth," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 175-186, January.
    70. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    71. Şakir Erdem & Beril Durmuş & Osman Özdemir, 2017. "The Relationship with Ad Clicks and Purchase Intention: An Empiricial Study of Online Consumer Behaviour," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, September.
    72. Norman Gemmell & Richard Kneller & Ismael Sanz, 2011. "The Timing and Persistence of Fiscal Policy Impacts on Growth: Evidence from OECD Countries," Economic Journal, Royal Economic Society, vol. 121(550), pages 33-58, February.
    73. Pierre-Richard Agénor & Karim El Aynaoui, 2014. "Politiques Publiques, Transformation Industrielle, Croissance et Emploi au Maroc : Une Analyse Quantitative [Public Policy, Industrial Transformation, Growth and Employment in Morocco: A Quantitative ," Research papers & Policy papers 1403, Policy Center for the New South.
    74. Shvets, Serhii, 2020. "The golden rule of public finance under active monetary stance: endogenous setting for a developing economy," MPRA Paper 101232, University Library of Munich, Germany.
    75. Iwata, Yasuharu, 2013. "Two fiscal policy puzzles revisited: New evidence and an explanation," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 188-207.
    76. Lim, Sokchea & Khun, Channary, 2022. "Macroeconomic impacts of remittances: A two-country, two-sector model," Journal of Macroeconomics, Elsevier, vol. 73(C).
    77. Klarl, Torben, 2022. "Fragile robots, economic growth and convergence," Economic Modelling, Elsevier, vol. 112(C).
    78. Silvia Bertarelli, 2006. "Public capital and growth," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
    79. Wei-bin ZHANG, 2020. "Corruption and Public Service in an Extended Solowian Growth Model with Endogenous Labor Supply," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(2), pages 1-20, July.
    80. Escobar-Posada Rolando A. & Monteiro Goncalo, 2018. "Stock vs flow specification of public infrastructures: a dynamic analysis," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-14, June.
    81. wei-bin zhang, 2016. "Public Debt and Economic Growth in Uzawa?s Two-Sector Model with Public Goods," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(4), pages 51-72, December.
    82. Darong Dai, 2018. "Fiscal policy under a minimum‐time objective," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(3), pages 293-314, July.
    83. Wei-Bin ZHANG, 2018. "Corruption, governments’ debts, trade, and global growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(615), S), pages 27-50, Summer.
    84. Dennis Wesselbaum, 2018. "Fiscal Policy in a Business Cycle Model with Endogenous Productivity," Annals of Economics and Finance, Society for AEF, vol. 19(1), pages 103-135, May.
    85. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2015. "Long-run growth and welfare in a two sector endogenous growth model with productive and non-productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 218-234.
    86. Marrero, Gustavo A. & Novales, Alfonso, 2007. "Income taxes, public investment and welfare in a growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3348-3369, October.
    87. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    88. Cavalcanti, Carlos B. & Marrero, Gustavo A. & Le, Tuan Minh, 2014. "Measuring the impact of debt-financed public investment," Policy Research Working Paper Series 6766, The World Bank.
    89. Wei-Bin ZHANG, 2018. "Nonlinear Progressive Income Taxation And Inequalities In Income And Wealth Between Heterogeneous Households," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(2), pages 42-53.
    90. Turnovsky, Stephen J., 2002. "Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1765-1785, August.
    91. Zhang, Lifeng & Ru, Yucong & Li, Jingkui, 2016. "Optimal tax structure and public expenditure composition in a simple model of endogenous growth," Economic Modelling, Elsevier, vol. 59(C), pages 352-360.
    92. Torben Klarl, 2022. "Fragile Robots, Economic Growth and Convergence," Bremen Papers on Economics & Innovation 2202, University of Bremen, Faculty of Business Studies and Economics.
    93. Shaheen Naseer, 2019. "Public Spending, Quality of Bureaucracy and Economic Growth: A Theoretical Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(2), pages 203-221.

  40. Santanu Chatterjee & Georgios Sakoulis & Stephen Turnovsky, 2000. "Unilateral Capital Transfers, Public Investment, and Economic Growth," Econometric Society World Congress 2000 Contributed Papers 1936, Econometric Society.

    Cited by:

    1. Alex Mourmouras & Peter Rangazas, 2007. "Foreign Aid Policy and Sources of Poverty: A Quantitative Framework," IMF Staff Papers, Palgrave Macmillan, vol. 54(1), pages 59-90, May.
    2. Arcalean, Calin & Glomm, Gerhard & Schiopu, Ioana, 2012. "Growth effects of spatial redistribution policies," Journal of Economic Dynamics and Control, Elsevier, vol. 36(7), pages 988-1008.
    3. Pham, Ngoc-Sang & Pham, Thi Kim Cuong, 2019. "Effects of foreign aid on the recipient country's economic growth," MPRA Paper 93379, University Library of Munich, Germany.
    4. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    5. George Economides & Sarantis Kalyvitis & Apostolis Philippopoulos, 2004. "Do Foreign Aid Transfers Distort Incentives and Hurt Growth? Theory and Evidence from 75 Aid-recipient Countries," CESifo Working Paper Series 1156, CESifo.
    6. Gnangnon, Sèna Kimm, 2023. "The Quality of Aid for Trade Flows and Economic Complexity," EconStor Preprints 271538, ZBW - Leibniz Information Centre for Economics.
    7. Takumi Naito, 2013. "Aid for trade, infrastructure, and growth," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(6), pages 886-909, December.
    8. Pierre‐Richard Agénor & Devrim Yilmaz, 2013. "Aid Allocation, Growth And Welfare With Productive Public Goods," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 18(2), pages 103-127, March.
    9. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    10. Eyckmans, Johan & Fankhauser, Sam & Kverndokk, Snorre, 2016. "Development aid and climate finance," LSE Research Online Documents on Economics 64454, London School of Economics and Political Science, LSE Library.
    11. Kaya, Ozgur & Kaya, Ilker & Gunter, Lewell F., 2008. "The Impact of Agricultural Aid on Agricultural Sector Growth," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6743, Southern Agricultural Economics Association.
    12. Giulia Felice, 2010. "A Two-Sector Model of Public Investment and Growth," DEGIT Conference Papers c015_060, DEGIT, Dynamics, Economic Growth, and International Trade.
    13. Kyriakos C. Neanidis & Dimitrios Varvarigos, 2005. "The Impact of Foreign Aid on Economic Growth: Volatility of Disbursements and Distribution of Receipts," Economics Discussion Paper Series 0533, Economics, The University of Manchester.
    14. Kitaura, Koji & Ogawa, Hikaru & Yakita, Sayaka, 2011. "Multiple equilibria arising from donor’s aid policy in economic development," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 819-827.
    15. Selaya, Pablo & Sunesen, Eva Rytter, 2012. "Does Foreign Aid Increase Foreign Direct Investment?," World Development, Elsevier, vol. 40(11), pages 2155-2176.
    16. Ngoc-Sang Pham & Thi Kim Cuong Pham, 2019. "Foreign aid, recipient government's fiscal behavior, and economic growth," Economics Bulletin, AccessEcon, vol. 39(4), pages 2457-2466.
    17. Kyriakos C. Neanidis & Stephen M. Miller, 2012. "Demographic Transition and Economic Welfare: The Role of Humanitarian Aid," Working Papers 1201, University of Nevada, Las Vegas , Department of Economics.
    18. Benczur, Peter & Simon, Andras & Varpalotai, Viktor, 2006. "Social costs of consumer impatience in Hungary," Journal of Policy Modeling, Elsevier, vol. 28(8), pages 921-930, November.
    19. Polgár, Éva Katalin, 2006. "Monetary policy rules in a two-sector small open economy," Discussion Papers 2006/13, Free University Berlin, School of Business & Economics.
    20. Njangang, Henri & Nembot Ndeffo, Luc & Noubissi Domguia, Edmond & Fosto Koyeu, Prevost, 2018. "The long-run and short-run effects of foreign direct investment, foreign aid and remittances on economic growth in African countries," MPRA Paper 89747, University Library of Munich, Germany.
    21. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.
    22. Kitaura, Koji, 2009. "Child labor, education aid, and economic growth," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 614-620, December.
    23. George Economides & Sarantis Kalyvitis & Apostolis Philippopoulos, 2008. "Does foreign aid distort incentives and hurt growth? Theory and evidence from 75 aid-recipient countries," Public Choice, Springer, vol. 134(3), pages 463-488, March.
    24. K C Neanidis, 2005. "Aid, Budgetary Policies, and the Macroeconomy: Growth, Inflation, and Welfare," Centre for Growth and Business Cycle Research Discussion Paper Series 58, Economics, The University of Manchester.
    25. Stephen J. Turnovsky & Serpil Tekin & Ms. Valerie Cerra, 2008. "Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," IMF Working Papers 2008/204, International Monetary Fund.
    26. Patrick Carter & Jonathan Temple, 2014. "Virtuous Circles and the Case for Aid," Bristol Economics Discussion Papers 14/636, School of Economics, University of Bristol, UK, revised 12 Oct 2015.
    27. John Hudson, 2012. "Consequences of Aid Volatility for Macroeconomic Management and Aid Effectiveness," WIDER Working Paper Series wp-2012-035, World Institute for Development Economic Research (UNU-WIDER).
    28. Le Van, Cuong & Pham, Ngoc-Sang & Pham, Thi Kim Cuong, 2021. "Development loans, poverty trap, and economic dynamics," MPRA Paper 110870, University Library of Munich, Germany.
    29. Temple, Jonathan & Postel-Vinay, Fabien & Carter, Patrick, 2013. "Dynamic Aid Allocation," CEPR Discussion Papers 9596, C.E.P.R. Discussion Papers.
    30. Daria Onori, 2015. "Optimal Growth and Debt Dynamics under GDP-Based Collaterals," Working Papers halshs-01251352, HAL.
    31. Cuong Le-Van & Ngoc Sang Pham & Thi Kim Cuong Pham, 2023. "Effects of development aid (grants and loans) on the economic dynamics of the recipient country," Working Papers hal-04159845, HAL.
    32. Marcelo Bianconi, 2011. "Transfer programs under alternative insurance schemes and liquidity constraints," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 20(2), pages 175-197.
    33. Pierre Richard AGÉNOR & Nihal BAYRAKTAR & Karim EL AYNAOUI, 2010. "Roads out of Poverty? Assessing the Link between Aid, Public Investment, Growth and Poverty Reduction," EcoMod2004 330600003, EcoMod.
    34. Kyriakos C. Neanidis, 2005. "Aid, Budgetary Policies, and the Macroeconomy: Growth, Inflation, and Welfare," Economics Discussion Paper Series 0535, Economics, The University of Manchester.
    35. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    36. Ngoc-Sang PHAM & Thi Kim Cuong PHAM, 2017. "Economic growth and escaping the poverty trap: how does development aid work?," Working Papers P197, FERDI.
    37. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    38. Takumi Naito, 2010. "Aid, non-traded goods, and growth," Canadian Journal of Economics, Canadian Economics Association, vol. 43(2), pages 423-439, May.
    39. Dobronogov, Anton & Keutiben, Octave, 2014. "Containing volatility : windfall revenues for resource-rich low-income countries," Policy Research Working Paper Series 6956, The World Bank.
    40. Chatterjee, Santanu & Giuliano, Paola & Kaya, Ilker, 2007. "Where Has All the Money Gone? Foreign Aid and the Quest for Growth," IZA Discussion Papers 2858, Institute of Labor Economics (IZA).
    41. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    42. Campiglio, Emanuele, 2014. "The structural shift to green services: A two-sector growth model with public capital and open-access resources," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 148-161.
    43. Marcelo Bianconi, 2004. "Transfer Programs and Consumption under Alternative Insurance Schemes and Liquidity Constraints," Discussion Papers Series, Department of Economics, Tufts University 0411, Department of Economics, Tufts University.
    44. Agénor, Pierre-Richard & Aizenman, Joshua, 2010. "Aid volatility and poverty traps," Journal of Development Economics, Elsevier, vol. 91(1), pages 1-7, January.
    45. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    46. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," Working Papers 1702, University of Otago, Department of Economics, revised Feb 2017.
    47. Valerie Cerra & Serpil Tekin & Stephen Turnovsky, 2009. "Foreign Transfers and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," Open Economies Review, Springer, vol. 20(2), pages 147-181, April.
    48. Germaschewski, Yin, 2013. "Reserve financing and government infrastructure investment: An application to China," Journal of Policy Modeling, Elsevier, vol. 35(6), pages 992-1013.
    49. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    50. Chatterjee Santanu & Giuliano Paola & Kaya Ilker, 2012. "Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-36, August.
    51. Kurt Annen & Stephen Kosempel, 2009. "Foreign Aid, Donor Fragmentation, and Economic Growth," Working Papers 0914, University of Guelph, Department of Economics and Finance.
    52. Annen, Kurt & Batu, Michael & Kosempel, Stephen, 2016. "Macroeconomic effects of foreign aid and remittances: Implications for aid effectiveness studies," Journal of Policy Modeling, Elsevier, vol. 38(6), pages 1136-1146.
    53. Bahadir, Berrak & Chatterjee, Santanu & Lebesmuehlbacher, Thomas, 2018. "The macroeconomic consequences of remittances," Journal of International Economics, Elsevier, vol. 111(C), pages 214-232.
    54. Sebastian Miller & Bok-Keun Yu, 2012. "Mobilizing Resources for Supporting Environmental Activities in Developing Countries: The Case of the GEF Trust Fund," Research Department Publications 4780, Inter-American Development Bank, Research Department.
    55. Elisabeth Hermann Frederiksen, 2006. "Spending Natural Resource Revenues in an Altruistic Growth Model," EPRU Working Paper Series 06-09, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    56. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    57. Chu, Angus C., 2012. "Global Poverty Reduction And Pareto-Improving Redistribution," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 605-624, September.
    58. Julian Donaubauer & Peter Nunnenkamp, 2016. "Is Aid for Infrastructure Effective? A Difference-in-Difference-in-Differences Approach," Economics Bulletin, AccessEcon, vol. 36(2), pages 857-870.
    59. Almuth Scholl, 2006. "Aid Effectiveness and Limited Enforceable Conditionality," 2006 Meeting Papers 292, Society for Economic Dynamics.
    60. Daria Onori, 2013. "Optimal Growth under Flow-Based Collaterals," AMSE Working Papers 1331, Aix-Marseille School of Economics, France, revised 21 May 2013.
    61. Alvarez-Cuadrado, Francisco & Pintea, Mihaela I., 2009. "A quantitative exploration of the Golden Age of European growth," Journal of Economic Dynamics and Control, Elsevier, vol. 33(7), pages 1437-1450, July.
    62. Santanu Chatterjee & Stephen Turnovsky, 2002. "Substitutability of Capital, Investment Costs, and Foreign Aid," Working Papers UWEC-2002-08-P, University of Washington, Department of Economics, revised Nov 2002.
    63. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    64. Ott, Ingrid & Soretz, Susanne, 2011. "Public policies and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1435-1450, September.
    65. Bayraktar, Nihal & Fofack, Hippolyte, 2007. "Specification of investment functions in Sub-Saharan Africa," Policy Research Working Paper Series 4171, The World Bank.
    66. Dalgaard, Carl-Johan, 2008. "Donor policy rules and aid effectiveness," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1895-1920, June.
    67. Altaghlibi, Moutaz & Wagener, Florian, 2019. "Unconditional aid and green growth," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 158-181.
    68. Liao, Hongwei & Chi, Yedi & Zhang, Jiarui, 2020. "Impact of international development aid on FDI along the Belt and Road," China Economic Review, Elsevier, vol. 61(C).
    69. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.
    70. Temple, Jonathan R.W., 2010. "Aid and Conditionality," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4415-4523, Elsevier.
    71. Atsuko Tanaka, "undated". "Notes on Foreign Aid Selectivity Based on Human Capital," Working Papers 2015-23, Department of Economics, University of Calgary, revised 27 Sep 2015.
    72. Almuth Scholl, 2013. "Debt Relief for Poor Countries: Conditionality and Effectiveness," Working Paper Series of the Department of Economics, University of Konstanz 2013-23, Department of Economics, University of Konstanz.
    73. Santanu Chatterjee & Stephen Turnovsky, 2005. "Foreign Aid and Economic Growth: The Role of Flexible Labor Supply," Working Papers UWEC-2004-07-P, University of Washington, Department of Economics, revised Nov 2005.
    74. Jolanta Zemguliene, 2012. "Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence from Lithuania and the Euro Area," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 3(1).
    75. Kasuga, Hidefumi & Morita, Yuichi, 2012. "Aid effectiveness, governance and public investment," Economic Modelling, Elsevier, vol. 29(2), pages 514-521.
    76. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.
    77. Johan Eyckmans & Sam Fankhauser & Snorre Kverndokk, 2013. "Equity, Development Aid and Climate Finance," GRI Working Papers 123, Grantham Research Institute on Climate Change and the Environment.
    78. Johannes W. Fedderke & Željko Bogetic, 2006. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," Working Papers 039, Economic Research Southern Africa.
    79. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2017. "Debt Policy Rules in an Open Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 158-177, February.
    80. Chang, Juin-jen & Huang, Chun-chieh & Lai, Ching-chong, 2007. "Working hours reduction and wage contracting style in a dynamic model with labor adjustment costs," Journal of Economic Dynamics and Control, Elsevier, vol. 31(3), pages 971-993, March.
    81. Nikos Benos & Nikolaos Mylonidis & Stefania Zotou, 2017. "Estimating production functions for the US states: the role of public and human capital," Empirical Economics, Springer, vol. 52(2), pages 691-721, March.
    82. Nadeem Abdulmalik Abdulrahman Aljonaid & Fengming Qin & Zhaoyong Zhang, 2022. "The Heterogeneous Impact of Sectoral Foreign Aid Inflows on Sectoral Growth: SUR Evidence from Selected Sub-Saharan African and MENA Countries," JRFM, MDPI, vol. 15(3), pages 1-45, February.
    83. Kurt Annen & Michael Batu & Stephen Kosempel, 2014. "A DSGE-RBC Approach to Measuring Impacts of Wealth Transfers," Working Papers 1404, University of Guelph, Department of Economics and Finance.
    84. Liu, Xiangbo & Zhang, Xiaomeng & Chao, Chi-Chur, 2014. "Foreign aid, leisure–effort choice, and economic growth," Economic Modelling, Elsevier, vol. 43(C), pages 435-438.
    85. NAITO Takumi, 2015. "Aid for Trade and Global Growth," Discussion papers 15025, Research Institute of Economy, Trade and Industry (RIETI).
    86. Takumi Naito & Ryoji Ohdoi, 2011. "A two-country model of trade and growth with intersectoral knowledge spillovers," Journal of Economics, Springer, vol. 103(1), pages 39-58, May.
    87. Hamzeh Arabzadeh, 2016. "Foreign Aid, Public Investment and Capital Market Liberalization," LIDAM Discussion Papers IRES 2016018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    88. K C Neanidis & D Varvarigos, 2005. "The Impact of Foreign Aid on Economic Growth: Volatility of Disbursements and Distribution of Receipts," Centre for Growth and Business Cycle Research Discussion Paper Series 56, Economics, The University of Manchester.
    89. Kyriakos C. Neanidis & Dimitrios Varvarigos, 2007. "The Allocation of volatile aid and economic growth: Evidence and a suggestive theory," Discussion Paper Series 2007_07, Department of Economics, Loughborough University, revised Mar 2007.
    90. Lu, Yangsiyu & Springer, Cecilia & Steffen, Bjarne, 2024. "Cofinancing and infrastructure project outcomes in Chinese lending and overseas development finance," World Development, Elsevier, vol. 175(C).
    91. Sergio Destefanis & Vania Sena, 2009. "Public capital, productivity and trade balances: some evidence for the Italian regions," Empirical Economics, Springer, vol. 37(3), pages 533-554, December.
    92. Neanidis, Kyriakos C. & Varvarigos, Dimitrios, 2009. "The allocation of volatile aid and economic growth: Theory and evidence," European Journal of Political Economy, Elsevier, vol. 25(4), pages 447-462, December.

  41. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.

    Cited by:

    1. William Scarth, 2007. "Is Foreign-Owned Capital a Bad Thing to Tax?," Quantitative Studies in Economics and Population Research Reports 422, McMaster University.
    2. Wilman Gómez & Carlos Esteban Posada, 2004. "Un "Choque" del Activo Externo Neto y el Ciclo Económico Colombiano," Borradores de Economia 285, Banco de la Republica de Colombia.

  42. Joshua Aizenman & Stephen J. Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," NBER Working Papers 7004, National Bureau of Economic Research, Inc.

    Cited by:

    1. Noy, Ilan, 2008. "Sovereign default risk, the IMF and creditor moral hazard," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 18(1), pages 64-78, February.
    2. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    3. Eicher Theo S. & Turnovsky Stephen J. & Walz Uwe, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, De Gruyter, vol. 1(1), pages 19-42, February.
    4. Rangan Gupta, 2005. "Costly State Monitoring and Reserve Requirements," Annals of Economics and Finance, Society for AEF, vol. 6(2), pages 263-288, November.
    5. Aizenman, Joshua & Marion, Nancy, 2002. "Reserve Uncertainty and the Supply of International Credit," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(3), pages 631-649, August.
    6. Joshua Aizenman, 2010. "Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-9, and a cost benefit analysis," Proceedings, Federal Reserve Bank of San Francisco, issue Oct.
    7. Steiner, Andreas, 2014. "Reserve accumulation and financial crises: From individual protection to systemic risk," European Economic Review, Elsevier, vol. 70(C), pages 126-144.
    8. Theo S Eicher & Uwe Walz & Stephen Turnovsky, 2000. "Financial Liberalization and Capital Flow Reversals:," Working Papers 0003, University of Washington, Department of Economics.
    9. Chatterjee, Santanu, 2007. "Should The Private Sector Provide Public Capital?," Macroeconomic Dynamics, Cambridge University Press, vol. 11(3), pages 318-346, June.
    10. Aizenman, Joshua, 2005. "Ex ante carrots instead of ex post sticks: two examples," Santa Cruz Department of Economics, Working Paper Series qt22k9w6ck, Department of Economics, UC Santa Cruz.
    11. Maurício Yoshinori Une & Marcelo Savino Portugal, 2005. "Fear of disruption: a model of Markov-switching regimes for the Brazilian country risk conditional volatility," Econometrics 0509005, University Library of Munich, Germany.
    12. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.
    13. Aizenman, Joshua, 2011. "Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-2009, and a cost benefit analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1502-1513, September.
    14. Kato, Mika & Proaño, Christian R. & Semmler, Willi, 2018. "Does international-reserves targeting decrease the vulnerability to capital flights?," Research in International Business and Finance, Elsevier, vol. 44(C), pages 64-75.
    15. Eza Ghassan Al-Zein, 2008. "Reserve Requirements, the Maturity Structure of Debt, and Bank Runs," IMF Working Papers 2008/108, International Monetary Fund.

  43. Theo S Eicher & Stephen Turnovsky, 1998. "Scale, Congestion, and Growth," Discussion Papers in Economics at the University of Washington 0071, Department of Economics at the University of Washington.

    Cited by:

    1. Ott, Ingrid & Soretz, Susanne, 2008. "Governmental activity, integration, and agglomeration," Kiel Working Papers 1465, Kiel Institute for the World Economy (IfW Kiel).
    2. Chen, Xiaodong & Mi, Haoming & Zhou, Peng, 2023. "Whether to decentralize and how to decentralize? The optimal fiscal federalism in an endogenous growth model," Cardiff Economics Working Papers E2023/11, Cardiff University, Cardiff Business School, Economics Section.
    3. Cem Karayalçin, 2008. "Divided We Stand, United We Fall: The Hume-North-Jones Mechanism For The Rise Of Europe," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(3), pages 973-997, August.
    4. Vladimir V. Dashkeev & Stephen J. Turnovsky, 2023. "Tax systems and public borrowing limits in a fiscal union," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 351-395, April.
    5. Karayalcin, Cem & Ulubasoglu, Mehmet Ali, 2009. "Romes without empires: urban concentration, political competition, and economic growth," Working Papers eco_2009_18, Deakin University, Department of Economics.
    6. Mihaela Pintea, 2004. "Fiscal Policy in a Two-Sector Economy with Public Capital and Congestion," Computing in Economics and Finance 2004 55, Society for Computational Economics.

  44. Stephen Turnovsky, 1998. "Fiscal Policy, Elastic Labor Supply, and Endogenous Growth," Discussion Papers in Economics at the University of Washington 0068, Department of Economics at the University of Washington.

    Cited by:

    1. Capolupo, Rosa, 2009. "The New Growth Theories and Their Empirics after Twenty Years," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-72.
    2. Stefano Bosi & Thierry Laurent, 2008. "Health, Growth and Welfare: Why Put Public Money on Medical R&D?," Documents de recherche 08-18, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    3. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    4. Max Gillman, 2021. "Income tax evasion: tax elasticity, welfare, and revenue," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(3), pages 533-566, June.
    5. Stephen Turnovsky, 2000. "The Transitional Dynamics of Fiscal Policy: Long-run Capital Accumulation and Growth," Discussion Papers in Economics at the University of Washington 0018, Department of Economics at the University of Washington.
    6. Benos, Nikos, 2009. "Fiscal policy and economic growth: empirical evidence from EU countries," MPRA Paper 19174, University Library of Munich, Germany.
    7. James B. Davies & Jinli Zeng & Jie Zhang, 2009. "Time-consistent taxation in a dynastic family model with human and physical capital and a balanced government budget," Canadian Journal of Economics, Canadian Economics Association, vol. 42(3), pages 1023-1049, August.
    8. Ott, Ingrid & Soretz, Susanne, 2008. "Growth strategies: Fiscal versus institutional policies," Economic Modelling, Elsevier, vol. 25(4), pages 605-622, July.
    9. Jetter, Michael & Nikolsko-Rzhevskyy, Alex & Smith, William T., 2013. "The effects of wage volatility on growth," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 93-109.
    10. T. Buyse & F. Heylen & R. Van De Kerckhove, 2012. "Pension reform in an OLG model with heterogeneous abilities," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/810, Ghent University, Faculty of Economics and Business Administration.
    11. Pierre-Richard Agénor, 2012. "Infrastructure, Public Education And Growth With Congestion Costs," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 449-469, October.
    12. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    13. Stephen J. Turnovsky & Cecilia Garcia-Pe–alosa, 2006. "The Dynamics of Wealth and Income Distribution in a Neoclassical Growth Model," IDEP Working Papers 0604, Institut d'economie publique (IDEP), Marseille, France, revised Jul 2006.
    14. Ingrid Ott & Susanne Soretz, 2016. "Green Attitude and Economic Growth," CEEES Paper Series CE3S-01/16, European University at St. Petersburg, Department of Economics.
    15. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40583, University Library of Munich, Germany, revised 08 Aug 2012.
    16. Marie, O., 2010. "Police and thieves in the stadium: measuring the (multiple) effects of football matches on crime," Research Memorandum 039, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    17. Hyun Park, 2015. "Aggregate Instability and Fiscal Policies: Balanced Budget Rules and Productive Public Spending," Korean Economic Review, Korean Economic Association, vol. 31, pages 25-56.
    18. Chen, Been-Lon, 2007. "Factor taxation and labor supply in a dynamic one-sector growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3941-3964, December.
    19. George Alogoskoufis, 2014. "Endogenous Growth and External Balance in a Small Open Economy," Open Economies Review, Springer, vol. 25(3), pages 571-594, July.
    20. Bernadeta Baran, 2015. "Welfare State Challenges And The Concept Of Basic Income," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 9(1), pages 275-289.
    21. Schiffbauer, Marc, 2008. "Catching Up or Falling Behind? The Effect of Infrastructure Capital on Technology Adoption in Transition Economies," Papers DYNREG27, Economic and Social Research Institute (ESRI).
    22. T. Buyse & F. Heylen, 2012. "Leaving the empirical (battle)ground: Output and welfare effects of fiscal consolidation in general equilibrium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/826, Ghent University, Faculty of Economics and Business Administration.
    23. Gerhard Glomm & Juergen Jung, 2013. "A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy," Working Papers 2013-02, Towson University, Department of Economics, revised Oct 2014.
    24. Schiffbauer, Marc, 2006. "Theoretical and methodological study on the role of public policies in fostering innovation and growth," Papers DYNREG04, Economic and Social Research Institute (ESRI).
    25. Chang, Juin-jen & Shaw, Ming-fu & Lai, Ching-chong, 2007. "A "Managerial" trade union and economic growth," European Economic Review, Elsevier, vol. 51(2), pages 365-384, February.
    26. Pei-xiao Qi & Nian Zheng, 2018. "Scientific Culture and Economic Growth in the Long-Run: On a Capital Perspective," Research in World Economy, Research in World Economy, Sciedu Press, vol. 9(1), pages 39-45, June.
    27. Dillip Kumar MUDULI & Nityasundar MANIK, 2020. "Tax structure and economic growth in general category states in India: A panel auto regressive distributed lag approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(623), S), pages 225-240, Summer.
    28. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
    29. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," CEIS Research Paper 218, Tor Vergata University, CEIS, revised 27 Jan 2012.
    30. Cecilia García-Peñalosa & Stephen Turnovsky, 2006. "Growth and income inequality: a canonical model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(1), pages 25-49, May.
    31. Zhang, Jie & Zhang, Junsen, 2007. "Optimal social security in a dynastic model with investment externalities and endogenous fertility," Journal of Economic Dynamics and Control, Elsevier, vol. 31(11), pages 3545-3567, November.
    32. Eleftherios Goulas & Athina Zervoyianni, 2012. "Growth, Deficits and Uncertainty in a Panel of 28 Countries," Working Paper series 52_12, Rimini Centre for Economic Analysis.
    33. Pierre-Richard Agénor, 2005. "Health and Infrastructure in Models of Endogenous Growth," Economics Discussion Paper Series 0539, Economics, The University of Manchester.
    34. Halit Yanikka ya & Taner Turan, 2017. "Tax Structure and Economic Growth: Do Differences in Income Level and Government Effectiveness Matter?," Working Papers 2017-04, Gebze Technical University, Department of Economics.
    35. Kazuo Mino, 2016. "Fiscal Policy in a Growing Economy with Financial Frictions and Firm Heterogeneity," The Japanese Economic Review, Japanese Economic Association, vol. 67(1), pages 3-30, March.
    36. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    37. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    38. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    39. Maxime MENUET & Alexandru MINEA & Patrick VILLIEU, 2019. "The Perils of Fiscal Rules," LEO Working Papers / DR LEO 2702, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    40. Bournakis, Ioannis & Tsoukis, Christopher, 2015. "Government Size, Institutions, and Export Performance among OECD Economies," MPRA Paper 68112, University Library of Munich, Germany.
    41. Groneck, Max, 2010. "A golden rule of public finance or a fixed deficit regime?: Growth and welfare effects of budget rules," Economic Modelling, Elsevier, vol. 27(2), pages 523-534, March.
    42. Hyun Park, 2009. "Ramsey fiscal policy and endogenous growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 377-398, June.
    43. Binh Thai Pham & Hector Sala, 2022. "The implications of public expenditures on a small economy in transition: a Bayesian DSGE approach," Economic Change and Restructuring, Springer, vol. 55(1), pages 401-431, February.
    44. Dimitrios PAPARAS & Christian RICHTER & Alexandros PAPARAS, 2015. "Fiscal Policy and Economic Growth, Empirical Evidence in European Union," Turkish Economic Review, KSP Journals, vol. 2(4), pages 239-268, December.
    45. Xin Long & Alessandra Pelloni, 2013. "Factor Income Taxation in a Horizontal Innovation Model," CEIS Research Paper 273, Tor Vergata University, CEIS, revised 19 Apr 2013.
    46. Ingrid Ott & Susanne Soretz, 2006. "Regional growth strategies: fiscal versus institutional governmental policies," Working Paper Series in Economics 30, University of Lüneburg, Institute of Economics.
    47. Dinlersoz, Emin M. & Fu, Zhe, 2022. "Infrastructure investment and growth in China: A quantitative assessment," Journal of Development Economics, Elsevier, vol. 158(C).
    48. Jing Jun Chang & Been‐Lon Chen & Mei Hsu, 2006. "Agricultural Productivity and Economic Growth: Role of Tax Revenues and Infrastructures," Southern Economic Journal, John Wiley & Sons, vol. 72(4), pages 891-914, April.
    49. Bhattacharyya, Chandril, 2014. "A Note on Endogenous Growth with Public Capital," MPRA Paper 55728, University Library of Munich, Germany.
    50. Kazi Iqbal & Stephen Turnovsky, 2007. "Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation," Working Papers UWEC-2007-21-P, University of Washington, Department of Economics, revised Oct 2007.
    51. T. Buyse & F. Heylen & R. Van De Kerckhove, 2011. "Pension reform, employment by age, and long-run growth in OECD countries," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/719, Ghent University, Faculty of Economics and Business Administration.
    52. Donadelli, Michael & Grüning, Patrick, 2017. "Innovation dynamics and fiscal policy: Implications for growth, asset prices, and welfare," SAFE Working Paper Series 171, Leibniz Institute for Financial Research SAFE.
    53. Gustavo Marrero, 2010. "Tax-mix, public spending composition and growth," Journal of Economics, Springer, vol. 99(1), pages 29-51, February.
    54. Constantine Angyridis & Panagiotis Tsintzos, 2018. "Public Investment, Government Indebtedness and Transitional Dynamics," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 10(2), pages 121-150, March.
    55. Shin-Jen Tzeng & Ching-Chong Lai & Chun-Chieh Huang, 2008. "Does Military Expenditure Matter For Inflation And Economic Growth?," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(6), pages 471-478.
    56. Di Maria, Corrado, 2001. "Elastic Labour Supply and Optimal Taxation in a Model of Sustainable Endogenous Growth," Economics Series 105, Institute for Advanced Studies.
    57. Bhattacharyya, Chandril & Gupta, Manash Ranjan, 2014. "Unionised Labour Market, Unemployment Allowances, Productive Public Expenditure and Endogenous Growth," MPRA Paper 56491, University Library of Munich, Germany.
    58. Gregor Schwerhoff & Johanna Wehkamp, 2017. "Export Tariffs Combined with Public Investments as a Forest Conservation Policy Instrument," EIA: Climate Change: Economic Impacts and Adaptation 256060, Fondazione Eni Enrico Mattei (FEEM).
    59. Sanz Labrador, Ismael & Sanz-Sanz, José Félix, 2013. "Política fiscal y crecimiento económico: consideraciones microeconómicas y relaciones macroeconómicas," Macroeconomía del Desarrollo 5367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    60. Park, Hyun & Philippopoulos, Apostolis, 2004. "Indeterminacy and fiscal policies in a growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 645-660, January.
    61. Azacis, Helmuts & Gillman, Max, 2010. "Flat tax reform: The Baltics 2000-2007," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 692-708, June.
    62. Delis, Manthos & Iosifidi, Maria, 2019. "Environmentally Aware Households," MPRA Paper 92138, University Library of Munich, Germany.
    63. Yobouet Thierry Bienvenu Gnangoin & Liangsheng Du & GuyRoland Assamoi & Akadje JeanRoland Edjoukou & Diby François Kassi, 2019. "Public Spending, Income Inequality and Economic Growth in Asian Countries: A Panel GMM Approach," Economies, MDPI, vol. 7(4), pages 1-15, November.
    64. J Korosteleva & Colin Lawson, 2009. "The Belarusian Case of Transition: Whither Financial Repression?," Department of Economics Working Papers 4/09, University of Bath, Department of Economics.
    65. Chen, Jhy-hwa & Shieh, Jhy-yuan & Chang, Juin-jen & Lai, Ching-chong, 2009. "Growth, welfare and transitional dynamics in an endogenously growing economy with abatement labor," Journal of Macroeconomics, Elsevier, vol. 31(3), pages 423-437, September.
    66. Chengliang Yan & Liutang Gong, 2009. "Government expenditure, taxation and long-run growth," Frontiers of Economics in China, Springer;Higher Education Press, vol. 4(4), pages 505-525, December.
    67. Soretz, Susanne, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Hannover Economic Papers (HEP) dp-259, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    68. Ingrid Ott, 2004. "Bureaucratic corruption and macroeconomic performance," Computing in Economics and Finance 2004 303, Society for Computational Economics.
    69. Gustavo A. Marrero & Alfonso Novales, 2001. "Growth and welfare: Distorting versus non-distorting taxes," Documentos de Trabajo del ICAE 0105, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    70. Zhang, Jie & Davies, James & Zeng, Jinli & McDonald, Stuart, 2008. "Optimal taxation in a growth model with public consumption and home production," Journal of Public Economics, Elsevier, vol. 92(3-4), pages 885-896, April.
    71. Chen, Been-Lon & Lee, Shun-Fa, 2008. "General fund financing, earmarking, economic stabilization and welfare," MPRA Paper 27666, University Library of Munich, Germany.
    72. Wai-Ming Ho & Jinli Zeng & Jie Zhang, 2007. "Inflation Taxation and Welfare with Externalities and Leisure," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 105-131, February.
    73. Rosa Capolupo, 2005. "THE NEW GROWTH THEORIES AND THEIR EMPIRICS, Discussion Paper in Economics, University of Glasgow, N. 2005-04 (http://www.gla.ac.uk/Acad/Economics," GE, Growth, Math methods 0506003, University Library of Munich, Germany.
    74. Vasilev Aleksandar, 2018. "Optimal Fiscal Policy with Utility-Enhancing Government Spending, Consumption Taxation and a Common Income Tax Rate: The Case of Bulgaria," Review of Economics, De Gruyter, vol. 69(1), pages 43-58, April.
    75. Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
    76. 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.
    77. Wei-Bin Zhang, 2017. "Governments’ Debts And Public Goods In A Multi-Country. Growth Model With Tradable And Non-Tradable Goods," Journal of Smart Economic Growth, , vol. 2(2), pages 1-34, May.
    78. Schiffbauer, Marc, 2007. "Calling for innovations - infrastructure and sources of growth," Papers DYNREG18, Economic and Social Research Institute (ESRI).
    79. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    80. Pierre-Richard Agénor & Kyriakos C. Neanidis, 2007. "Optimal Taxation and Growth with Public Goods and Costly Enforcement," Centre for Growth and Business Cycle Research Discussion Paper Series 89, Economics, The University of Manchester.
    81. Tim BUYSE & Freddy HEYLEN & Renaat VAN DE KERCKHOVE, 2011. "Pension reform, employment by age and long-run growth," LIDAM Discussion Papers IRES 2011025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    82. Szilágyi, Katalin & Major, Klára, 2007. "Kormányzati beruházás kis, nyitott gazdaságban [Government investment in a small open economy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 29-48.
    83. Chen, Been-Lon & Lee, Shun-Fa, 2007. "Congestible public goods and local indeterminacy: A two-sector endogenous growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2486-2518, July.
    84. Cecilia García‐Peñalosa & Stephen J. Turnovsky, 2007. "Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade‐offs?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 369-394, March.
    85. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    86. Liangliang Liu & Donghong Ding & Jun He, 2019. "The welfare effects of fiscal decentralization: a simple model and evidence from China," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(1), pages 417-434, January.
    87. Wei Bin Zhang, 2015. "Progressive Income Taxation and Economic Growth with Endogenous Labor Supply and Public Good," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    88. Ferede Ergete, 2008. "Dynamic Scoring in the Ramsey Growth Model," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-27, September.
    89. Afonso, António & Claeys, Peter, 2007. "The dynamic behaviour of budget components and output," Working Paper Series 775, European Central Bank.
    90. Gerhard Glomm & Juergen Jung, 2010. "A Macroeconomic Analysis of the Fiscal System in Egypt," Working Papers 2010-17, Towson University, Department of Economics, revised Oct 2010.
    91. Thomas I. Renström & Luca Spataro, 2021. "Optimal taxation in an endogenous growth model with variable population and public expenditure," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 639-659, August.
    92. Pierre-Richard Agénor, 2005. "Schooling and Public Capital in a Model of Endogenous Growth," Economics Discussion Paper Series 0538, Economics, The University of Manchester.
    93. Daisuke Amano & Jun-ichi Itaya & Kazuo Mino, 2014. "Trade Structure and Growth Effects of Taxation in a Two-Country World," KIER Working Papers 891, Kyoto University, Institute of Economic Research.
    94. Giorgio Motta & Raffaele Rossi, 2013. "Ramsey monetary and fiscal policy: the role of consumption taxation," Working Papers 44449031, Lancaster University Management School, Economics Department.
    95. Tino Berger & Freddy Heylen, 2011. "Differences in Hours Worked in the OECD: Institutions or Fiscal Policies?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1333-1369, October.
    96. Michaelis, Jochen & Birk, Angela, 2006. "Employment- and growth effects of tax reforms," Economic Modelling, Elsevier, vol. 23(6), pages 909-925, December.
    97. Ge Jin, 2022. "Using the primal approach to derive the second‐best rules for different public services in a general competitive growth model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1564-1590, December.
    98. Ge Jin & Bing Zhang, 2024. "Optimal fiscal policy with a balanced-budget restriction: revisiting Chamley and Barro," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(2), pages 454-485, April.
    99. Susanne Soretz, 2007. "Efficient Dynamic Pollution Taxation in an Uncertain Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 57-84, January.
    100. Hrushikesh Mallick, 2008. "Government spending, trade openness and economic growth in India: A Time series analysis," Centre for Development Studies, Trivendrum Working Papers 403, Centre for Development Studies, Trivendrum, India.
    101. Gustavo A. Marrero, 2005. "Revisiting the optimal stationary public investment policy in endogenous growth economies," Documentos de Trabajo del ICAE 0509, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    102. Wei-Bin Zhang, 2014. "Multi-regional economic growth with public good and regional fiscal policies in a small-open economy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(2), pages 409-429, March.
    103. Kühn, Stefan & Muysken, Joan, 2012. "Why inflation targeting central banks seem to follow a standard Taylor rule," Economics Letters, Elsevier, vol. 115(1), pages 28-30.
    104. António Afonso & Peter Claeys, 2006. "The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain," Working Papers Department of Economics 2006/26, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    105. Chia-ying Liu & Juin-jen Chang, 2011. "Macroeconomic implications of a sharing compensation scheme in a model of endogenous growth," Journal of Economics, Springer, vol. 102(1), pages 57-75, January.
    106. He, Congxian & Zhou, Can & Wen, Huwei, 2024. "Improving the consumer welfare of rural residents through public support policies: A study on old revolutionary areas in China," Socio-Economic Planning Sciences, Elsevier, vol. 91(C).
    107. Alberto Petrucci, 2002. "Consumption Taxation and Endogenous Growth in a Model with New Generations," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(5), pages 553-566, September.
    108. Turnovsky, Stephen J. & Garci­a-Peñalosa, Cecilia, 2008. "Distributional dynamics in a neoclassical growth model: The role of elastic labor supply," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1399-1431, May.
    109. Lin Hung-Pin & Tsung-Li Wang & Cheng-Lang Yang, 2016. "Further Causality Evidence on Arms Race, Inflation and Economic Growth," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(2), pages 123-136.
    110. Hojjat Izadkhasti & Abbas Arabmazar, 2016. "An Analysis the Effect of Capital Taxation on Allocation of Resources: A Dynamic Equilibrium Model Approach," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 20(2), pages 175-186, Spring.
    111. Gustavo A. Marrero & Alfonso Novales, 2003. "Taxing or subsidizing Factors' rents in a simple endogenous growth model with public capital," Documentos de Trabajo del ICAE 0303, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    112. Been-Lon Chen, 2003. "Economic Growth With Optimal Public Spending Compositional," IEAS Working Paper : academic research 03-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    113. van Oudheusden, P., 2012. "Dynamic Scoring Through Creative Destruction," Other publications TiSEM 13955715-2cbb-443b-a099-9, Tilburg University, School of Economics and Management.
    114. Rosa Capolupo, "undated". "The New Growth Theoris and their Empirics," Working Papers 2005_4, Business School - Economics, University of Glasgow.
    115. Shu‐Hua Chen, 2018. "The Credit‐Channel Transmission Mechanism And The Nonlinear Growth And Welfare Effects Of Inflation And Taxes," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 724-744, April.
    116. Wasniewski, Krzysztof, 2016. "The economic power of veto players – the connection between fiscal policies, and political systems," MPRA Paper 69849, University Library of Munich, Germany.
    117. Chu, Hsun & Lai, Ching-Chong & Cheng, Chu-Chuan, 2013. "Tax Havens, Growth, and Welfare," MPRA Paper 52878, University Library of Munich, Germany, revised Sep 2013.
    118. Xin Long & Alessandra Pelloni & Robert Waldmann, 2008. "Lump-Sum Taxes in a R&D Model," CEIS Research Paper 120, Tor Vergata University, CEIS, revised 14 Jul 2008.
    119. Hayo, Bernd & Uhl, Matthias, 2015. "Taxation and labour supply: Evidence from a representative population survey," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 336-346.
    120. Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
    121. Chang, Wen-ya & Tsai, Hsueh-fang & Chang, Juin-jen, 2011. "Interest rate rules and macroeconomic stability with transaction costs," International Review of Economics & Finance, Elsevier, vol. 20(4), pages 744-749, October.
    122. Santanu Chatterjee & Sugata Ghosh, 2011. "The dual nature of public goods and congestion: the role of fiscal policy revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1471-1496, November.
    123. Wei-Bin Zhang, 2018. "National Debt and Economic Growth with Externalities and Congestions," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 175-191, June.
    124. Lu, Chia-Hui, 2015. "Fiscal policies, frictional labor market, and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 315-327.
    125. Gustavo A. Marrero, 2004. "The public investment rule in a simple endogenous endogenous growth model with public capital: active or pasive?," Documentos de Trabajo del ICAE 0401, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    126. R. Schoonackers & F. Heylen, 2011. "Fiscal Policy and TFP in the OECD: A Non-Stationary Panel Approach," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/701, Ghent University, Faculty of Economics and Business Administration.
    127. Shu-Hua Chen, 2015. "Fiscal and Monetary Policies in a Transactions-Based Endogenous Growth Model with Imperfect Competition," The Japanese Economic Review, Japanese Economic Association, vol. 66(1), pages 89-111, March.
    128. Park, Hyun, 2013. "Do habits generate endogenous fluctuations in a growing economy?," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 54-68.
    129. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2004. "Second-Best Optimal Taxation of Capital and Labor in a Developing Economy," Working Papers UWEC-2004-05-P, University of Washington, Department of Economics, revised Apr 2004.
    130. Eliasson, Ludvik & Turnovsky, Stephen J., 2004. "Renewable resources in an endogenously growing economy: balanced growth and transitional dynamics," Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1018-1049, November.
    131. Şakir Erdem & Beril Durmuş & Osman Özdemir, 2017. "The Relationship with Ad Clicks and Purchase Intention: An Empiricial Study of Online Consumer Behaviour," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, September.
    132. Nakada, Minoru, 2010. "Environmental Tax Reform and Growth: Income Tax Cuts or Profits Tax Reduction," MPRA Paper 120377, University Library of Munich, Germany.
    133. Dai, Darong, 2013. "Cooperative economic growth," Economic Modelling, Elsevier, vol. 33(C), pages 407-415.
    134. van Oudheusden, P., 2012. "Dynamic Scoring Through Creative Destruction," Discussion Paper 2012-084, Tilburg University, Center for Economic Research.
    135. Peretto, Pietro F., 2007. "Corporate taxes, growth and welfare in a Schumpeterian economy," Journal of Economic Theory, Elsevier, vol. 137(1), pages 353-382, November.
    136. Manuel A. Gómez, 2008. "Fiscal Policy, Congestion, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 595-622, August.
    137. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    138. Heylen Freddy & Van de Kerckhove Renaat, 2013. "Employment by age, education, and economic growth: effects of fiscal policy composition in general equilibrium," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 49-103, October.
    139. Canofari, Paolo & Piergallini, Alessandro & Piersanti, Giovanni, 2018. "The Fallacy of Fiscal Discipline," MPRA Paper 88427, University Library of Munich, Germany.
    140. Hyun Park, 2010. "Fiscal Policy and Equitable Growth," Review of Development Economics, Wiley Blackwell, vol. 14(1), pages 121-140, February.
    141. Gustavo A. Marrero, 2001. "Coordinating short- and long-run public investment rules," Documentos de Trabajo del ICAE 0109, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    142. Martin Zagler & Georg Dürnecker, 2003. "Fiscal Policy and Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 397-418, July.
    143. Tine Dhont & Freddy Heylen, 2008. "Why Do Europeans Work (Much) Less? It Is Taxes And Government Spending," Economic Inquiry, Western Economic Association International, vol. 46(2), pages 197-207, April.
    144. Atolia, Manoj & Papageorgiou, Chris & Turnovsky, Stephen, 2017. "Private and Public Health Investment Decisions," MPRA Paper 79842, University Library of Munich, Germany.
    145. Liu, Wen-Fang & Turnovsky, Stephen J., 2005. "Consumption externalities, production externalities, and long-run macroeconomic efficiency," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1097-1129, June.
    146. Mthokozisi Mlilo & Umakrishnan Kollamparambi, 2016. "Fiscal policy, employment, and output in South Africa: An open economy analysis," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 4(3), pages 11-23, June.
    147. Vasilev, Aleksandar, 2018. "Optimal fiscal policy with Epstein-Zin preferences and utility-enhancing government services: lessons from Bulgaria (1999-2016)," EconStor Preprints 183134, ZBW - Leibniz Information Centre for Economics.
    148. Kuehn, S. & Muysken, J., 2009. "Why inflation targeting central banks seem to follow a standard Taylor rule," Research Memorandum 058, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    149. Wei-bin ZHANG, 2020. "Corruption and Public Service in an Extended Solowian Growth Model with Endogenous Labor Supply," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(2), pages 1-20, July.
    150. Chu, Angus C. & Peretto, Pietro & Wang, Xilin, 2024. "Government spending and industrialization in a Schumpeterian economy," MPRA Paper 120797, University Library of Munich, Germany.
    151. Escobar-Posada Rolando A. & Monteiro Goncalo, 2018. "Stock vs flow specification of public infrastructures: a dynamic analysis," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-14, June.
    152. wei-bin zhang, 2016. "Public Debt and Economic Growth in Uzawa?s Two-Sector Model with Public Goods," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(4), pages 51-72, December.
    153. Darong Dai, 2018. "Fiscal policy under a minimum‐time objective," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(3), pages 293-314, July.
    154. Wei-Bin ZHANG, 2018. "Corruption, governments’ debts, trade, and global growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(615), S), pages 27-50, Summer.
    155. Dai, Darong, 2012. "Comparative Studies on Cooperative Stochastic Differential Game and Dynamic Sequential Game of Economic Maturity," MPRA Paper 44339, University Library of Munich, Germany.
    156. Groneck, Max, 2008. "A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 08-7, University of Cologne, FiFo Institute for Public Economics.
    157. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.
    158. Dennis Wesselbaum, 2018. "Fiscal Policy in a Business Cycle Model with Endogenous Productivity," Annals of Economics and Finance, Society for AEF, vol. 19(1), pages 103-135, May.
    159. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2015. "Long-run growth and welfare in a two sector endogenous growth model with productive and non-productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 218-234.
    160. Marrero, Gustavo A. & Novales, Alfonso, 2007. "Income taxes, public investment and welfare in a growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3348-3369, October.
    161. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    162. Wei-Bin ZHANG, 2018. "Nonlinear Progressive Income Taxation And Inequalities In Income And Wealth Between Heterogeneous Households," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(2), pages 42-53.
    163. Zhang, Lifeng & Ru, Yucong & Li, Jingkui, 2016. "Optimal tax structure and public expenditure composition in a simple model of endogenous growth," Economic Modelling, Elsevier, vol. 59(C), pages 352-360.
    164. Darong Dai, 2012. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 381-423, November.
    165. Fabienne Lara Dascher, 2020. "Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 373-397, September.
    166. Doménech, Rafael & Garcí­a, José Ramón, 2008. "Unemployment, taxation and public expenditure in OECD economies," European Journal of Political Economy, Elsevier, vol. 24(1), pages 202-217, March.
    167. Been‐Lon Chen & Shun‐Fa Lee, 2009. "Two‐Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy," Southern Economic Journal, John Wiley & Sons, vol. 75(3), pages 639-662, January.
    168. Shaheen Naseer, 2019. "Public Spending, Quality of Bureaucracy and Economic Growth: A Theoretical Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(2), pages 203-221.
    169. Siegmeier, Jan & Mattauch, Linus & Edenhofer, Ottmar, 2018. "Capital beats coal: How collecting the climate rent increases aggregate investment," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 366-378.

  45. Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.

    Cited by:

    1. Erauskin, Iñaki, 2013. "The impact of financial openness on the size of utility-enhancing government," Economics Discussion Papers 2013-7, Kiel Institute for the World Economy (IfW Kiel).
    2. Ott, Ingrid & Soretz, Susanne, 2006. "Infrastruktur als Investitionsdeterminante von KMU," Hannover Economic Papers (HEP) dp-329, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    3. Xiding Chen & Qinghua Huang & Weilun Huang & Xue Li, 2018. "The Impact of Sustainable Development Technology on a Small Economy—The Case of Energy-Saving Technology," IJERPH, MDPI, vol. 15(2), pages 1-11, February.
    4. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity and private capital adjustment," Working Paper Series in Economics 26, University of Lüneburg, Institute of Economics.
    5. Fred Celimene & Gilles Dufrenot & Gisele Mophou & Gaston N'Guerekata, 2013. "Tax evasion,tax corruption and stochastic growth," Documents de Travail 2013-05, CEREGMIA, Université des Antilles et de la Guyane.
    6. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    7. Soretz, Susanne, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Hannover Economic Papers (HEP) dp-259, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    8. Ingrid Ott, 2004. "Bureaucratic corruption and macroeconomic performance," Computing in Economics and Finance 2004 303, Society for Computational Economics.
    9. Ingrid Ott & Susanne Soretz, 2002. "Fiscal Policy in a Stochastic Model of Endogenous Growth with Congestion," Computing in Economics and Finance 2002 162, Society for Computational Economics.
    10. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    11. Erauskin, Iñaki & Turnovsky, Stephen J., 2020. "Financial globalization and its consequences for productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 66(C).
    12. Ratbek Dzhumashev, 2014. "The Two-Way Relationship Between Government Spending And Corruption And Its Effects On Economic Growth," Contemporary Economic Policy, Western Economic Association International, vol. 32(2), pages 403-419, April.
    13. Ott, Ingrid & Soretz, Susanne, 2002. "Optimal Taxation in a Stochastic Endogenous Growth Model with Congestion," Hannover Economic Papers (HEP) dp-253, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    14. Iñaki Erauskin, 2011. "Financial openness, volatility, and the size of productive government," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(2), pages 233-253, June.
    15. Iñaki Erauskin & Stephen J. Turnovsky, 2019. "Financial Globalization and the Increase in the Size of Government: Are They Related?," Open Economies Review, Springer, vol. 30(2), pages 219-253, April.
    16. Fuhmei Wang, 2009. "The effects of foreign borrowing policies on economic growth: success or failure?," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 12(4), pages 273-284.
    17. Erauskin-Iurrita, Inaki, 2008. "Financial openness and the size of the public sector: a portfolio approach," MPRA Paper 10619, University Library of Munich, Germany, revised 15 Sep 2008.
    18. Keunsuk Chung, 2010. "Foreign Debt, Foreign Direct Investment and Volatility," International Economic Journal, Taylor & Francis Journals, vol. 24(2), pages 171-196.
    19. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    20. Kalamov, Zarko Y. & Zimmermann, Karl J., 2023. "GDP-linked bonds and economic growth," Journal of International Money and Finance, Elsevier, vol. 137(C).
    21. Walde, Klaus, 2002. "The economic determinants of technology shocks in a real business cycle model," Journal of Economic Dynamics and Control, Elsevier, vol. 27(1), pages 1-28, November.
    22. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    23. Clemens, Christiane & Soretz, Susanne, 2004. "Optimal fiscal policy, uncertainty, and growth," Journal of Macroeconomics, Elsevier, vol. 26(4), pages 679-697, December.
    24. Christiane Clemens, 2000. "The Impact Of Capital And Income Risk On Long-Run Growth," Computing in Economics and Finance 2000 212, Society for Computational Economics.
    25. Yong-Yil Choi, 2010. "Relative government size in globalization and its welfare implications," Applied Economics, Taylor & Francis Journals, vol. 42(11), pages 1447-1453.
    26. Jill A. Holman, 2000. "Government budgetary policies, economic growth, and currency substitution in a small open economy," Research Working Paper RWP 00-08, Federal Reserve Bank of Kansas City.

  46. Stephen Turnovsky & Pradip Chattopadhyay, 1998. "Volatility and Growth in Developing Economies: Some Numerical Results and Empirical Evidence," Discussion Papers in Economics at the University of Washington 0055, Department of Economics at the University of Washington.

    Cited by:

    1. M. Ayhan Kose & Eswar S. Prasad & Marco E. Terrones, 2004. "How do trade and financial integration affect the relationship between growth and volatility?," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
    2. Vatcharin Sirimaneetham, 2006. "Explaining policy volatility in developing countries," Bristol Economics Discussion Papers 06/583, School of Economics, University of Bristol, UK.
    3. Jetter, Michael & Nikolsko-Rzhevskyy, Alex & Smith, William T., 2013. "The effects of wage volatility on growth," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 93-109.
    4. Mr. Timothy D. Lane & Mr. Leslie Lipschitz & Ms. Cristina Arellano & Mr. Ales Bulir, 2005. "The Dynamic Implications of Foreign Aid and Its Variability," IMF Working Papers 2005/119, International Monetary Fund.
    5. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    6. Barbara Annicchiarico & Alessandra Pelloni, 2013. "Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?," Working Paper series 02_13, Rimini Centre for Economic Analysis.
    7. Michael Olabisi, 2020. "Input–Output Linkages and Sectoral Volatility," Economica, London School of Economics and Political Science, vol. 87(347), pages 713-746, July.
    8. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.
    9. Yessengali Oskenbayev & Aziz Karimov, 2013. "Is Kazakhstan Vulnerable to Natural Resource Curse?," WIDER Working Paper Series wp-2013-130, World Institute for Development Economic Research (UNU-WIDER).
    10. Theodore Palivos & Dimitrios Varvarigos, 2009. "Intergenerational Complementarities in Education and the Relationship between Growth and Volatility," Discussion Paper Series 2009_05, Department of Economics, University of Macedonia, revised Mar 2009.
    11. Mahadevan, Renuka & Suardi, Sandy, 2011. "The effects of uncertainty dynamics on exports, imports and productivity growth," Journal of Asian Economics, Elsevier, vol. 22(2), pages 174-188, April.
    12. Grimes, Arthur, 2006. "A smooth ride: Terms of trade, volatility and GDP growth," Journal of Asian Economics, Elsevier, vol. 17(4), pages 583-600, October.
    13. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    14. Chung Yi Tse & Charles Ka Yui Leung, 2002. "Increasing Wealth and Increasing Instability: The Role of Collateral," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 45-52, February.
    15. Jansen, Marion, 2004. "Income volatility in small and developing economies: export concentration matters," WTO Discussion Papers 3, World Trade Organization (WTO), Economic Research and Statistics Division.
    16. Temple, Jonathan & Malik, Adeel, 2006. "The Geography of Output Volatility," CEPR Discussion Papers 5516, C.E.P.R. Discussion Papers.
    17. Markus Brueckner & Francisco Carneiro, 2016. "Terms of Trade Volatility, Government Spending Cyclicality, and Economic Growth," ANU Working Papers in Economics and Econometrics 2016-638, Australian National University, College of Business and Economics, School of Economics.
    18. Theodore Palivos & Dimitrios Varvarigos, 2013. "Intergenerational Complementarities in Education, Endogenous Public Policy, and the Relation Between Growth and Volatility," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 15(2), pages 249-272, April.
    19. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    20. Don Bredin & Stilianos Fountas & Christos Savva, 2021. "Is British Output Growth Related to its Uncertainty? Evidence using Eight Centuries of Data," Discussion Paper Series 2021_02, Department of Economics, University of Macedonia, revised Feb 2021.
    21. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    22. Salim B. Furth, 2010. "Terms of Trade Volatility and Precautionary Savings in Developing Economies," DEGIT Conference Papers c015_013, DEGIT, Dynamics, Economic Growth, and International Trade.
    23. Lee, Dongwon, 2023. "Commodity terms of trade volatility and industry growth," European Economic Review, Elsevier, vol. 156(C).
    24. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008. "Volatility, Growth and Labour Elasticity," Working Paper series 32_08, Rimini Centre for Economic Analysis.
    25. Agénor, Pierre-Richard & Aizenman, Joshua, 2010. "Aid volatility and poverty traps," Journal of Development Economics, Elsevier, vol. 91(1), pages 1-7, January.
    26. Bastanzad , Hossein & Valipour Pasha , Mohammad, 2014. "Decomposition of Quality Growth in the I.R. of Iran during 1971-2013," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 9(1), pages 31-56, October.
    27. Jeffrey Kucik, 2012. "The Domestic Politics of Institutional Design: Producer Preferences over Trade Agreement Rules," Economics and Politics, Wiley Blackwell, vol. 24(2), pages 95-118, July.
    28. Dimitrios Bakas & Georgios Chortareas & Georgios Magkonis, 2017. "Volatility and Growth: A not so straightforward relationship," Working Paper series 17-12, Rimini Centre for Economic Analysis.
    29. Bent, Peter H., 2020. "Recovery from financial crises in peripheral economies, 1870–1913," Explorations in Economic History, Elsevier, vol. 78(C).
    30. Stilianos Fountas & Menelaos Karanasos, 2008. "Are economic growth and the variability of the business cycle related? Evidence from five European countries," International Economic Journal, Taylor & Francis Journals, vol. 22(4), pages 445-459.
    31. Zhang, Wei-Bin, 2017. "The Impact of Imported Energy and Goods Prices on Growth and Trade Balance of a Small Open Economy," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 2(2), pages 99-116, June.
    32. Williamson, Jeffrey G. & Blattman, Christopher & ,, 2005. "The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939: Volatility and Secular Change," CEPR Discussion Papers 5073, C.E.P.R. Discussion Papers.
    33. Tarlok Singh, 2023. "Do terms of trade affect economic growth? Robust evidence from India," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(2), pages 491-521, April.
    34. Kodama, Masahiro, 2013. "Growth-cycle nexus," IDE Discussion Papers 387, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    35. Blattman, Christopher & Hwang, Jason & Williamson, Jeffrey G., 2007. "Winners and losers in the commodity lottery: The impact of terms of trade growth and volatility in the Periphery 1870-1939," Journal of Development Economics, Elsevier, vol. 82(1), pages 156-179, January.
    36. Mehmet Balcilar & Zeynel Abidin Ozdemir, 2017. "A re-examination of growth and growth uncertainty relationship in a stochastic volatility in mean model with time-varying parameters," Working Papers 15-32, Eastern Mediterranean University, Department of Economics.
    37. Mr. Marcelo Martinez & Mr. Montfort Mlachila, 2013. "The Quality of the Recent High-Growth Episode in Sub-Saharan Africa," IMF Working Papers 2013/053, International Monetary Fund.
    38. Steven Hall & Misa Nishikawa, 2018. "Alternation of parties in power and economic volatility: testing the rational partisan hypothesis and policy learning hypothesis," Economics of Governance, Springer, vol. 19(2), pages 91-118, May.
    39. Federico, Giovanni & Vasta, Michelangelo, 2010. "Was industrialization an escape from the commodity lottery? Evidence from Italy, 1861-1939," Explorations in Economic History, Elsevier, vol. 47(2), pages 228-243, April.
    40. International Monetary Fund, 2005. "Russian Federation: Selected Issues," IMF Staff Country Reports 2005/379, International Monetary Fund.
    41. Piotr Misztal, 2012. "Terms of Trade and Economic Growth in Poland in the period 1980-2009," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(45), pages 51-67, December.
    42. Makhlouf, Yousef & Kellard, Neil M. & Vinogradov, Dmitri, 2017. "Child mortality, commodity price volatility and the resource curse," Social Science & Medicine, Elsevier, vol. 178(C), pages 144-156.
    43. Pelzman Joseph & Oskenbayev Yessengali & Issabayev Murat, 2018. "Does Institution Explain Natural Resource Curse?," Global Economy Journal, De Gruyter, vol. 18(4), pages 1-9, December.
    44. Hem C. Basnet & Satis C. Devkota & Mukti P. Upadhyay, 2021. "Terms of trade and real domestic income: New evidence from South and Southeast Asia," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4315-4331, July.
    45. Saif Al-Abri, Almukhtar, 2014. "How does terms-of-trade behavior shape international financial integration in primary-commodity exporting economies?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 33(C), pages 335-353.
    46. Keith Blackburn & Dimitrios Varvarigos, 2008. "Human capital accumulation and output growth in a stochastic environment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 435-452, September.
    47. Ramirez-Rondán Nelson, 2007. "Nonlinear Volatility Effects on Growth in Developing Economies," Working Papers 2007-016, Banco Central de Reserva del Perú.
    48. Cemal Eren Arbatli, 2016. "Trade and income growth in the Ottoman Empire: assessing the role of volatility and trend growth in terms of trade," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 6(2), pages 173-194, August.
    49. Simon Berset & Martin Huber & Mark Schelker, 2021. "The Fiscal Response to Revenue Shocks," CESifo Working Paper Series 8854, CESifo.
    50. International Monetary Fund, 2006. "Republic of Belarus: Selected Issues," IMF Staff Country Reports 2006/315, International Monetary Fund.
    51. Sam Hak Kan Tang & Nicolaas Groenewold & Charles Ka Yui Leung, 2003. "Institutions, Technical Change and Macroeconomic Volatility, Crises and Growth: A Robust Causation," Economics Discussion / Working Papers 03-21, The University of Western Australia, Department of Economics.
    52. Ghulam MOHEY-UD-DIN* & Muhammad Wasif SIDDIQI**, 2017. "GDP FLUCTUATIONS AND LONG-RUN ECONOMIC GROWTH: A Study of Selected South Asian Countries," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 27(1), pages 41-66.
    53. Esteban Pérez Caldentey & Daniel Titelman & Pablo Carvallo, 2013. "Weak Expansions: A Distinctive Feature of the Business Cycle in Latin America and the Caribbean," Economics Working Paper Archive wp_749, Levy Economics Institute.
    54. Fountas, Stilianos & Karanasos, Menelaos, 2006. "The relationship between economic growth and real uncertainty in the G3," Economic Modelling, Elsevier, vol. 23(4), pages 638-647, July.
    55. Keunsuk Chung, 2010. "Foreign Debt, Foreign Direct Investment and Volatility," International Economic Journal, Taylor & Francis Journals, vol. 24(2), pages 171-196.
    56. Mr. Garbis Iradian, 2007. "Rapid Growth in the CIS: Panel Regression Approach," IMF Working Papers 2007/170, International Monetary Fund.
    57. Kalamov, Zarko Y. & Zimmermann, Karl J., 2023. "GDP-linked bonds and economic growth," Journal of International Money and Finance, Elsevier, vol. 137(C).
    58. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    59. Ali Chebbi, 2015. "Stochastic growth, taxation policy and welfare cost in an open emerging economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 57-84, March.
    60. Viorica CHIRILA, 2011. "The Modelling of the Volatility of Business cycles in Romania," EuroEconomica, Danubius University of Galati, issue 30, pages 138-147, November.
    61. Pinar Deniz & Thanasis Stengos & M. Ege Yazgan, 2021. "Revisiting the link between output growth and volatility: panel GARCH analysis," Empirical Economics, Springer, vol. 61(2), pages 743-771, August.
    62. Wei-Bin Zhang, 2018. "Business Cycles, Growth, And Imported Energy In A Small-Open Growth Model," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(2), pages 7-21, September.
    63. Zainab Jehan & Azooba Hamid, 2017. "Exchange rate volatility and capital inflows: role of financial development," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 16(3), pages 189-203, December.
    64. Harvey W. Armstrong & Robert Read, 2020. "Size And Sectoral Specialisation: The Asymmetric Cross‐Country Impacts Of The 2008 Crisis And Its Aftermath," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(6), pages 891-921, August.

  47. Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Discussion Papers in Economics at the University of Washington 0056, Department of Economics at the University of Washington.

    Cited by:

    1. Clemens, Christiane & Soretz, Susanne, 1999. "Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum," Hannover Economic Papers (HEP) dp-221, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    2. Clemens, Christiane, 1999. "Income Taxation, Government Expenditure, and Long-Run Stochastic Growth," Hannover Economic Papers (HEP) dp-220, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    3. Ott, Ingrid & Soretz, Susanne, 2006. "Infrastruktur als Investitionsdeterminante von KMU," Hannover Economic Papers (HEP) dp-329, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    4. Benos, Nikos, 2009. "Fiscal policy and economic growth: empirical evidence from EU countries," MPRA Paper 19174, University Library of Munich, Germany.
    5. Tamai, Toshiki, 2016. "Public investment, the rate of return, and optimal fiscal policy in a stochastically growing economy," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 1-17.
    6. Gerhard Glomm & Juergen Jung & Chung Tran, 2006. "Macroeconomic Implications of Early Retirement in the Public Sector: The Case of Brazil," CAEPR Working Papers 2006-008, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    7. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses," Working Papers UWEC-2002-07-P, University of Washington, Department of Economics, revised Oct 2003.
    8. Michal Szkup, 2020. "Online Appendix to "Preventing Self-Fulfilling Debt Crises: A Global Games Approach"," Online Appendices 19-127, Review of Economic Dynamics.
    9. Hashimzade, Nigar & Myles, Gareth D., 2010. "Growth And Public Infrastructure," Macroeconomic Dynamics, Cambridge University Press, vol. 14(S2), pages 258-274, November.
    10. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity and private capital adjustment," Working Paper Series in Economics 26, University of Lüneburg, Institute of Economics.
    11. Gokan, Yoichi, 2008. "Infrastructure, alternative government finance and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 321-347, February.
    12. Kollmann, Robert, 2009. "Government Purchases and the Real Exchange Rate," CEPR Discussion Papers 7427, C.E.P.R. Discussion Papers.
    13. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    14. Bruno de Oliveira Cruz & Aude Pommeret, 2006. "Public Capital and Private Investment, a Real Option Approach," Discussion Papers 1177, Instituto de Pesquisa Econômica Aplicada - IPEA.
    15. Kollmann, Robert & Ratto, Marco & Roeger, Werner & in′t Veld, Jan, 2013. "Fiscal policy, banks and the financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 37(2), pages 387-403.
    16. Shin-Chyang Lee & Shang-Fen Wu & Cheng-Te Lee, 2017. "Government Size and Stochastic Growth," Australian Economic Papers, Wiley Blackwell, vol. 56(3), pages 219-227, September.
    17. Ingrid Ott & Susanne Soretz, 2004. "Growth and Welfare Effects of Tax Cuts: The Case of a Productive Public Input with Technological Risk," Economic Change and Restructuring, Springer, vol. 31(2), pages 117-135, June.
    18. Francesco Aiello & Alfonsina Iona & Leone Leonida, 2012. "Regional infrastructure and firm investment: theory and empirical evidence for Italy," Empirical Economics, Springer, vol. 42(3), pages 835-862, June.
    19. Rivas-Aceves, Salvador, 2013. "El sector público y el cambio tecnológico [The public sector and technological change]," MPRA Paper 58267, University Library of Munich, Germany, revised 2013.
    20. Po‐Sheng Lin & Cheng‐Te Lee, 2012. "Military Spending, Threats And Stochastic Growth," Bulletin of Economic Research, Wiley Blackwell, vol. 64(1), pages 8-19, January.
    21. Tamai, Toshiki, 2014. "Public capital, deficit financing, and economic growth in a stochastic economy," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 14-26.
    22. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    23. Bandiera, Guilherme & Pappa, Evi & Sajedi, Rana & Vella, Eugenia, 2016. "Fiscal consolidation in a low inflation environment: pay cuts versus lost jobs," Bank of England working papers 628, Bank of England.
    24. Erauskin, Iñaki & Turnovsky, Stephen J., 2020. "Financial globalization and its consequences for productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 66(C).
    25. Tamai, Toshiki, 2013. "The macroeconomic effects of fiscal policy in a stochastically growing economy," Economic Modelling, Elsevier, vol. 35(C), pages 464-471.
    26. Gerhard Glomm & Juergen Jung, 2010. "A Macroeconomic Analysis of the Fiscal System in Egypt," Working Papers 2010-17, Towson University, Department of Economics, revised Oct 2010.
    27. Guilherme Bandeira, 2018. "Fiscal transfers in a monetary union with sovereign risk," Working Papers 1807, Banco de España.
    28. Susanne Soretz, 2007. "Efficient Dynamic Pollution Taxation in an Uncertain Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 57-84, January.
    29. Marina Azzimonti-Renzo & Pierre-Daniel G. Sarte & Jorge Soares, 2003. "Optimal public investment with and without government commitment," Working Paper 03-10, Federal Reserve Bank of Richmond.
    30. Shu‐Hua Chen & Jang‐Ting Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 865-880, August.
    31. Matteo Salto, 2016. "Fiscal Policy after the Crisis – Workshop Proceedings," European Economy - Discussion Papers 035, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    32. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    33. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    34. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
    35. Ali Chebbi, 2015. "Stochastic growth, taxation policy and welfare cost in an open emerging economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 57-84, March.
    36. Clemens, Christiane & Soretz, Susanne, 2004. "Optimal fiscal policy, uncertainty, and growth," Journal of Macroeconomics, Elsevier, vol. 26(4), pages 679-697, December.
    37. Silvia Bertarelli, 2006. "Public capital and growth," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
    38. Sugata Ghosh & Trishita Ray Barman & Manash Ranjan Gupta, 2020. "Are short‐term effects of pollution important for growth and optimal fiscal policy?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1262-1288, September.

  48. Grinols, E-L & Turnovsky, S-J, 1997. "Consequences of Debt Policy in a Stochastically Growing Monetary Economy," Discussion Papers in Economics at the University of Washington 97-09, Department of Economics at the University of Washington.

    Cited by:

    1. Klaus Wälde, 2005. "Endogenous Growth Cycles," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 867-894, August.
    2. Gokan, Yoichi, 2002. "Alternative government financing and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 681-706, April.
    3. Christian Bayer & Klaus Waelde, 2011. "Existence, Uniqueness and Stability of Invariant Distributions in Continuous-Time Stochastic Models," Working Papers 1111, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 21 Jul 2011.
    4. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    5. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.

  49. Patrick K. Asea & Stephen J. Turnovsky, 1997. "Capital Income Taxation and Risk-Taking in a Small Open Economy," NBER Working Papers 6189, National Bureau of Economic Research, Inc.

    Cited by:

    1. Peter A. Schmid, 2013. "The destabilizing effect of company income taxation," Society and Economy, Akadémiai Kiadó, Hungary, vol. 35(3), pages 365-388, September.
    2. Ghysels, Eric & Guay, Alain, 2003. "Structural change tests for simulated method of moments," Journal of Econometrics, Elsevier, vol. 115(1), pages 91-123, July.
    3. Khorunzhina, Natalia, 2011. "Dynamic Stock Market Participation of Households," MPRA Paper 35310, University Library of Munich, Germany.
    4. Santanu Chatterjee & Paola Giuliano & Stephen J. Turnovsky, 2004. "Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 6(2), pages 277-310, May.
    5. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.
    6. Francesco Menoncin & Paolo Panteghini, 2008. "The Johansson-Samuelson Theorem in General Equilibrium: A Rebuttal," CESifo Working Paper Series 2352, CESifo.
    7. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," CEIS Research Paper 218, Tor Vergata University, CEIS, revised 27 Jan 2012.
    8. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    9. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    10. Katharina Finke & Jost H. Heckemeyer & Timo Reister & Christoph Spengel, 2010. "Impact of Tax Rate Cut Cum Base Broadening Reforms on Heterogeneous Firms – Learning from the German Tax Reform 2008," Working Papers 1005, Oxford University Centre for Business Taxation.
    11. Xin Long & Alessandra Pelloni, 2013. "Factor Income Taxation in a Horizontal Innovation Model," CEIS Research Paper 273, Tor Vergata University, CEIS, revised 19 Apr 2013.
    12. Gokan, Yoichi, 2002. "Alternative government financing and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 681-706, April.
    13. Dominika Langenmayr & Rebecca Lester, 2017. "Taxation and Corporate Risk-Taking," CESifo Working Paper Series 6566, CESifo.
    14. Giorgio Ferrari & Torben Koch, 2019. "On a strategic model of pollution control," Annals of Operations Research, Springer, vol. 275(2), pages 297-319, April.
    15. Michał Konopczyński, 2022. "Optimal Fiscal Policy in a Small Open Economy: Insights from the Growth Model with Human Capital and Public Debt," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 14(2), pages 131-160, June.
    16. Ziegler, Andreas, 2002. "Simulated Classical Tests in the Multiperiod Multinomial Probit Model," ZEW Discussion Papers 02-38, ZEW - Leibniz Centre for European Economic Research.
    17. Mr. Geremia Palomba, 2004. "Capital Income Taxation and Economic Growth in Open Economies," IMF Working Papers 2004/091, International Monetary Fund.
    18. Gareth Myles, 2000. "Taxation and economic growth," Fiscal Studies, Institute for Fiscal Studies, vol. 21(1), pages 141-168, March.
    19. Osorio, Maria A. & Gulpinar, Nalan & Rustem, Berc, 2008. "A mixed integer programming model for multistage mean-variance post-tax optimization," European Journal of Operational Research, Elsevier, vol. 185(2), pages 451-480, March.
    20. Maria Osorio & Nalan Gülpınar & Berç Rustem, 2008. "A general framework for multistage mean-variance post-tax optimization," Annals of Operations Research, Springer, vol. 157(1), pages 3-23, January.
    21. Michał Konopczyński, 2018. "Optimal fiscal policy in an emerging economy with credit constraints: theory and application for Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(3), pages 169-231, September.
    22. Ziegler, Andreas, 2001. "Simulated z-tests in multinomial probit models," ZEW Discussion Papers 01-53, ZEW - Leibniz Centre for European Economic Research.
    23. Evans, Lynne & Kenc, Turalay, 2003. "Welfare Cost Of Monetary And Fiscal Policy Shocks," Macroeconomic Dynamics, Cambridge University Press, vol. 7(2), pages 212-238, April.
    24. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    25. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    26. Ferrari, Giorgio & Koch, Torben, 2018. "On a Strategic Model of Pollution Control," Center for Mathematical Economics Working Papers 586, Center for Mathematical Economics, Bielefeld University.

  50. Fisher, Walter H. & Turnovsky, Stephen J., 1997. "Congestion and Public Capital," Economics Series 47, Institute for Advanced Studies.

    Cited by:

    1. Bishnu, Monisankar & Ghate, Chetan & Gopalakrishnan, Pawan, 2011. "Distortionary Taxes and Public Investment in a Model of Endogenous Investment Specific Technological Change," MPRA Paper 34111, University Library of Munich, Germany.
    2. Monisankar Bishnu & Chetan Ghate & Pawan Gopalakrishnan, 2013. "Factor income taxation, growth, and investment specific technological change," Discussion Papers 13-04, Indian Statistical Institute, Delhi.
    3. Anum Ellahi, 2020. "Corruption, Tax Evasion, and Economic Development in Economies with Decentralised Tax Administrative System," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(3), pages 419-438.

  51. Grinols, E-L & Turnovsky, S-J, 1997. "Risk, Optimal Government Finance, and Monetary Policies in a Growing Economy," Discussion Papers in Economics at the University of Washington 97-10, Department of Economics at the University of Washington.

    Cited by:

    1. Dzhumashev, Ratbek, 2008. "Corruption and Disposable Risk," MPRA Paper 11772, University Library of Munich, Germany.

  52. Stephen J. Turnovsky & Partha Sen, 1995. "Investment In A Two-Sector Dependent Economy," Working papers 31, Centre for Development Economics, Delhi School of Economics.

    Cited by:

    1. Philip L. Brock & Stephen J. Turnovsky, 1993. "The Dependent Economy Model with Both Traded and Non-Traded Capital Goods," NBER Working Papers 4500, National Bureau of Economic Research, Inc.
    2. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    3. Olivier Cardi & Romain Restout, 2007. "Permanent vs Temporary Fiscal Expansion in a Two-Sector Small Open Economy Model," Post-Print halshs-00174574, HAL.
    4. van de Klundert, T.C.M.J. & Smulders, J.A., 1998. "Capital Mobility and Catching Up in a Two-Country, Two-Sector Model of Endogenous Growth," Discussion Paper 1998-13, Tilburg University, Center for Economic Research.
    5. Agnès Bénassy-Quéré & Dramane Coulibaly, 2013. "The Impact of Market Regulations on Intra-European Real Exchange Rates," Documents de travail du Centre d'Economie de la Sorbonne 13001, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    6. Sjak Smulders, 2004. "International capital market integration: Implications for convergence, growth, and welfare," International Economics and Economic Policy, Springer, vol. 1(2), pages 173-194, January.
    7. van de Klundert, Theo & Smulders, Sjak, 1999. "Catching-up and Regulation in a Two-Sector Small Open Economy," Review of International Economics, Wiley Blackwell, vol. 7(3), pages 431-454, August.
    8. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    9. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," EconomiX Working Papers 2008-9, University of Paris Nanterre, EconomiX.
    10. Chung Yi Tse & Charles Ka Yui Leung, 2002. "Increasing Wealth and Increasing Instability: The Role of Collateral," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 45-52, February.
    11. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    12. Schubert, Stefan Franz & Brida, Juan Gabriel, 2008. "The Dynamic Effects of Subsidizing the Tourism Sector," MPRA Paper 16755, University Library of Munich, Germany.
    13. Olivier Cardi & Romain Restout, 2011. "Fiscal Shocks in a Two Sector Open Economy," TEPP Working Paper 2011-07, TEPP.
    14. van de Klundert, T.C.M.J. & Smulders, J.A., 1998. "Capital Mobility and Catching Up in a Two-Country, Two-Sector Model of Endogenous Growth," Other publications TiSEM 0e9f0df7-c07e-449f-bda8-0, Tilburg University, School of Economics and Management.
    15. Rick Van der Ploeg & Anthony Venables, 2010. "Absorbing a Windfall of Foreign Exchange: Dutch disease dymanics," OxCarre Working Papers 052, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    16. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," Working Papers hal-04140750, HAL.
    17. Yan Zhang, 2008. "Does the Utility Function Form Matter for Indeterminacy in a Two Sector Small Open Economy," Annals of Economics and Finance, Society for AEF, vol. 9(1), pages 91-101, May.
    18. Cardi O. & Restout R., 2008. "Tax Reform In Two-Sector General Equilibrium," Working Papers ERMES 0803, ERMES, University Paris 2.
    19. Valerie Cerra & Serpil Tekin & Stephen Turnovsky, 2009. "Foreign Transfers and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," Open Economies Review, Springer, vol. 20(2), pages 147-181, April.
    20. Mahbub Morshed, A. K. M. & Turnovsky, Stephen J., 2004. "Sectoral adjustment costs and real exchange rate dynamics in a two-sector dependent economy," Journal of International Economics, Elsevier, vol. 63(1), pages 147-177, May.
    21. Mohsin, Mohammed & Park, Kihyun, 2015. "Monetary policy in a two-sector dependent economy," Economic Modelling, Elsevier, vol. 46(C), pages 118-129.
    22. Smulders, J.A., 2004. "Convergence and the welfare gains of capital mobility in a dynamic Dixit-Stiglitz world," Other publications TiSEM e0fc0c21-7a7f-4a81-8ea5-9, Tilburg University, School of Economics and Management.
    23. Hu, Yunfang & Mino, Kazuo, 2013. "Trade structure and belief-driven fluctuations in a global economy," Journal of International Economics, Elsevier, vol. 90(2), pages 414-424.
    24. Agnès Bénassy-Quéré & Dramane Coulibaly, 2013. "The Impact of Market Regulations on Intra-European Real Exchange Rates," Working Papers hal-04141221, HAL.
    25. Olivier Cardi & Romain Restout, 2012. "Unanticipated vs. Anticipated Tax Reforms in a Two-Sector Open Economy," Working Papers of BETA 2012-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    26. Yunfang Hu & Kazuo Mino, 2009. "Financial Integration and Aggregate Stability," Discussion Papers in Economics and Business 09-01, Osaka University, Graduate School of Economics.
    27. Olivier, CARDI, 2005. "The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks," Discussion Papers (ECON - Département des Sciences Economiques) 2005030, Université catholique de Louvain, Département des Sciences Economiques.
    28. Yunfang Hu & Kazuo Mino, 2011. "Globalization and Volatility under Alternative Trade Structures," KIER Working Papers 791, Kyoto University, Institute of Economic Research.
    29. Moumita Basu & Ranjanendra Narayan Nag, 2018. "Capital Accumulation, Asset Price Dynamics and the Macroeconomy," Foreign Trade Review, , vol. 53(3), pages 127-155, August.
    30. Olivier Cardi & Romain Restout, 2010. "Sectoral Effects of Tax Reforms in an Open Economy," Working Papers hal-00544475, HAL.
    31. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.
    32. Liu, Chia-ying & Chang, Juin-jen, 2011. "Keeping up with the Joneses, consumer ethnocentrism, and optimal taxation," Economic Modelling, Elsevier, vol. 28(4), pages 1519-1525, July.

  53. Turnovsky, Stephen J., 1994. "Fiscal Policy, Adjustment Costs, And Endogenous Growth," Economic Research Papers 268646, University of Warwick - Department of Economics.

    Cited by:

    1. Ott, Ingrid & Soretz, Susanne, 2008. "Governmental activity, integration, and agglomeration," Kiel Working Papers 1465, Kiel Institute for the World Economy (IfW Kiel).
    2. Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.
    3. Ott, Ingrid & Soretz, Susanne, 2008. "Growth strategies: Fiscal versus institutional policies," Economic Modelling, Elsevier, vol. 25(4), pages 605-622, July.
    4. Pierre-Richard Agénor, 2012. "Infrastructure, Public Education And Growth With Congestion Costs," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 449-469, October.
    5. Agenor, Pierre-Richard & Nabli, Mustapha K. & Yousef, Tarik M., 2005. "Public infrastructure and private investment in the Middle East and North Africa," Policy Research Working Paper Series 3661, The World Bank.
    6. Rym Aloui & Aurélien Eyquem, 2020. "The Welfare Gains of Cooperative Public Infrastructure Policies: A Trade and Supply-Side View," Annals of Economics and Statistics, GENES, issue 140, pages 27-44.
    7. George Alogoskoufis, 2014. "Endogenous Growth and External Balance in a Small Open Economy," Open Economies Review, Springer, vol. 25(3), pages 571-594, July.
    8. Benavie, Arthur & Grinols, Earl & Turnovsky, Stephen J., 1996. "Adjustment costs and investment in a stochastic endogenous growth model," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 77-100, August.
    9. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity and private capital adjustment," Working Paper Series in Economics 26, University of Lüneburg, Institute of Economics.
    10. Gupta, Manash Ranjan & Barman, Trishita Ray, 2010. "Health, infrastructure, environment and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 657-673, June.
    11. Kilic Celic, Sinem & Kose, M. Ayhan & Ohnsorge, Franziska, 2023. "Potential Growth Prospects: Risks, Rewards, and Policies," MPRA Paper 116905, University Library of Munich, Germany.
    12. Juan R. Perilla Jiménez & Thomas H. W. Ziesemer, 2024. "Technology adoption, innovation policy and catching-up," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-24, April.
    13. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    14. Ingrid Ott & Susanne Soretz, 2006. "Regional growth strategies: fiscal versus institutional governmental policies," Working Paper Series in Economics 30, University of Lüneburg, Institute of Economics.
    15. Yutaro Murakami, 2005. "Regional redistribution policy and welfare in a two-region endogenous growth model," Discussion Papers in Economics and Business 05-07, Osaka University, Graduate School of Economics.
    16. Sarte, Pierre-Daniel G., 2001. "Rent-seeking bureaucracies and oversight in a simple growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 25(9), pages 1345-1365, September.
    17. Manuel Gómez, 2016. "Factor substitution is an engine of growth in a model with productive public expenditure," Journal of Economics, Springer, vol. 117(1), pages 37-48, January.
    18. Francesco Aiello & Alfonsina Iona & Leone Leonida, 2012. "Regional infrastructure and firm investment: theory and empirical evidence for Italy," Empirical Economics, Springer, vol. 42(3), pages 835-862, June.
    19. Gupta, Manash Ranjan & Barman, Trishita Ray, 2009. "Fiscal policies, environmental pollution and economic growth," Economic Modelling, Elsevier, vol. 26(5), pages 1018-1028, September.
    20. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    21. Agenor, Pierre-Richard & Moreno-Dodson, Blanca, 2006. "Public infrastructure and growth : new channels and policy implications," Policy Research Working Paper Series 4064, The World Bank.
    22. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2004. "Taxation, growth, and the spirit of capitalism," European Journal of Political Economy, Elsevier, vol. 20(4), pages 1011-1025, November.
    23. Wen‐Ya Chang & Ying‐An Chen & Ming‐Ruey Kao, 2008. "Social Status, Education And Government Spending In A Two‐Sector Model Of Endogenous Growth," The Japanese Economic Review, Japanese Economic Association, vol. 59(1), pages 99-112, March.
    24. Thierry Warin & Kenneth Donahue, 2006. "The Stability and Growth Pact: A European Answer to the Political Budget Cycle?," Middlebury College Working Paper Series 0606, Middlebury College, Department of Economics.
    25. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    26. Cosmin Enache, 2009. "Fiscal Policy And Economic Growth In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-50.
    27. Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
    28. Jhy-Yuan Shieh & Wen-Ya Chang & Ching-Chong Lai, 2007. "An Endogenous Growth Model Of Capital And Arms Accumulation," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 557-575.
    29. Pierre-Richard Agénor, 2005. "Schooling and Public Capital in a Model of Endogenous Growth," Economics Discussion Paper Series 0538, Economics, The University of Manchester.
    30. Bhattacharya, Rudrani & Sen Gupta, Abhijit & Sikdar, Satadru, 2020. "Building Infrastructure to Promote Inclusive Growth," Working Papers 20/321, National Institute of Public Finance and Policy.
    31. Trishita Ray Barman & Manash Ranjan Gupta, 2010. "Public Expenditure, Environment, and Economic Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(6), pages 1109-1134, December.
    32. Ben Fine, 1998. "Endogenous Growth Theory: A Critical Assessment," Working Papers 80, Department of Economics, SOAS University of London, UK.
    33. Ratbek, Ratbek, 2010. "Nonlinear effect of corruption, uncertainty, and growth," MPRA Paper 24834, University Library of Munich, Germany.
    34. Bianconi, Marcelo, 1999. "Intertemporal budget policies in an endogenous growth model with nominal assets," International Review of Economics & Finance, Elsevier, vol. 8(1), pages 25-43, January.
    35. Manuel Gómez, 2014. "Optimal size of the government: the role of the elasticity of substitution," Journal of Economics, Springer, vol. 111(1), pages 29-53, February.
    36. Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
    37. Clemens, Christiane & Soretz, Susanne, 1997. "Welfare Effects of Income Taxation in a Model of Stochastic Growth," Hannover Economic Papers (HEP) dp-210, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    38. Shu‐Hua Chen & Jang‐Ting Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 865-880, August.
    39. Gupta, Manash Ranjan & Barman, Trishita Ray, 2015. "Environmental Pollution, Informal Sector, Public Expenditure And Economic Growth," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(1), pages 73-91, June.
    40. Manuel A. Gómez, 2008. "Fiscal Policy, Congestion, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 595-622, August.
    41. Ms. Valerie Cerra & Mr. Alfredo Cuevas & Carlos Góes & Ms. Izabela Karpowicz & Mr. Troy D Matheson & Issouf Samaké & Svetlana Vtyurina, 2016. "Highways to Heaven: Infrastructure Determinants and Trends in Latin America and the Caribbean," IMF Working Papers 2016/185, International Monetary Fund.
    42. Ali Chebbi, 2015. "Stochastic growth, taxation policy and welfare cost in an open emerging economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 57-84, March.
    43. Silvia Bertarelli, 2006. "Public capital and growth," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
    44. Farrokh Nourzad & David Greenwold & Rui Yang, 2014. "The Interaction Between FDI and Infrastructure Capital in The Development Process," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(2), pages 203-212, May.
    45. Ott, Ingrid & Soretz, Susanne, 2010. "Productive public input, integration and agglomeration," Regional Science and Urban Economics, Elsevier, vol. 40(6), pages 538-549, November.
    46. Sugata Ghosh & Trishita Ray Barman & Manash Ranjan Gupta, 2020. "Are short‐term effects of pollution important for growth and optimal fiscal policy?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1262-1288, September.
    47. Tsoukis, Chris & Miller, Nigel J., 2003. "Public services and endogenous growth," Journal of Policy Modeling, Elsevier, vol. 25(3), pages 297-307, April.
    48. Fabienne Lara Dascher, 2020. "Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 373-397, September.
    49. Samir Saidi & Sami Hammami, 2017. "Impact of Investments in Public Infrastructures on Economic Performance and Private Investment in Developing Countries: A Case Study for Tunisia," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(63), pages 126-146, March.

  54. Philip L. Brock & Stephen J. Turnovsky, 1993. "The Dependent Economy Model with Both Traded and Non-Traded Capital Goods," NBER Working Papers 4500, National Bureau of Economic Research, Inc.

    Cited by:

    1. Serven, Luis, 1994. "Capital goods imports, the real exchange rate, and the current account," Policy Research Working Paper Series 1298, The World Bank.
    2. Francois, John Nana & Ahmad, Nazneen & Keinsley, Andrew & Nti-Addae, Akwasi, 2022. "Heterogeneity in the long-run remittance-output relationship: Theory and new evidence," Economic Modelling, Elsevier, vol. 110(C).
    3. Jonathan R. W. Temple & Nicolas Van de Sijpe, 2014. "Foreign Aid and Domestic Absorption," CSAE Working Paper Series 2014-01, Centre for the Study of African Economies, University of Oxford.
    4. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    5. Tomas Holub & Martin Cihak, 2003. "Price Convergence: What Can the Balassa-Samuelson Model Tell Us?," Working Papers 2003/08, Czech National Bank.
    6. Mr. Timothy D. Lane & Mr. Leslie Lipschitz & Ms. Cristina Arellano & Mr. Ales Bulir, 2005. "The Dynamic Implications of Foreign Aid and Its Variability," IMF Working Papers 2005/119, International Monetary Fund.
    7. Engel, C. & Kim, C.J., 1996. "The Long-Run U.S./U.K. real Exchange Rate," Working Papers 96-14, University of Washington, Department of Economics.
    8. Hung‐Ju Chen & Chen‐Min Hsu, 2009. "Demand Changes and Real Exchange Rate Dynamics in a Finite‐Horizon Model with Sectoral Adjustment Costs," Southern Economic Journal, John Wiley & Sons, vol. 75(4), pages 1191-1211, April.
    9. Engel, C., 1996. "Accounting for U.S. Real Exchange Rate Changes," Working Papers 96-02, University of Washington, Department of Economics.
    10. Nicos Christodoulakis & Vassilis Sarantides, 2011. "External asymmetries in the euro area and the role of foreign direct investment," Working Papers 132, Bank of Greece.
    11. Javier Coto-Martínez & Huw D. Dixon, 2001. "Profits, Markups and Entry: Fiscal Policy in an Open Economy," CESifo Working Paper Series 550, CESifo.
    12. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," EconomiX Working Papers 2008-9, University of Paris Nanterre, EconomiX.
    13. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    14. Christoph Fischer, 2004. "Real currency appreciation in accession countries: Balassa-Samuelson and investment demand," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(2), pages 179-210, June.
    15. Jorge E. Roldós, 1995. "Supply-Side Effects of Disinflation Programs," IMF Staff Papers, Palgrave Macmillan, vol. 42(1), pages 158-183, March.
    16. Philipp Harms, 2002. "Deregulation and the Current Account," Working Papers 02.07, Swiss National Bank, Study Center Gerzensee.
    17. Leon Bettendorf & Ben Heijdra, 2005. "Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods," Tinbergen Institute Discussion Papers 05-021/2, Tinbergen Institute.
    18. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," Working Papers hal-04140750, HAL.
    19. Valerie Cerra & Serpil Tekin & Stephen Turnovsky, 2009. "Foreign Transfers and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," Open Economies Review, Springer, vol. 20(2), pages 147-181, April.
    20. Javier Coto-Martinez & Huw Dixon, "undated". "Fiscal Policy in an Imperfectly Competitive Dynamic Small Open Economy," Discussion Papers 99/19, Department of Economics, University of York.
    21. Mahbub Morshed, A. K. M. & Turnovsky, Stephen J., 2004. "Sectoral adjustment costs and real exchange rate dynamics in a two-sector dependent economy," Journal of International Economics, Elsevier, vol. 63(1), pages 147-177, May.
    22. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    23. Mohsin, Mohammed & Park, Kihyun, 2015. "Monetary policy in a two-sector dependent economy," Economic Modelling, Elsevier, vol. 46(C), pages 118-129.
    24. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    25. De La Torre,Augusto & Ize,Alain, 2015. "Should Latin America save more to grow faster ?," Policy Research Working Paper Series 7386, The World Bank.
    26. Enrique R. Casares, 2015. "A relationship between external public debt and economic growth," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 30(2), pages 219-243.
    27. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.
    28. Romain Restout, 2009. "The Balassa-Samuelson model in general equilibrium with markup variations," Working Papers hal-04140849, HAL.
    29. Kim Kyungsoo & Oh Wankeun & Song E. Young, 2019. "International capital mobility and structural transformation," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(1), pages 1-11, January.
    30. Kazuhiro YUKI, 2007. "Determinants Of Sectoral Composition In A Small Open Economy: Theoretical And Quantitative Investigations Of The Philippines," The Developing Economies, Institute of Developing Economies, vol. 45(4), pages 391-436, December.
    31. Romain Restout, 2009. "The Balassa-Samuelson model in general equilibrium with markup variations," EconomiX Working Papers 2009-39, University of Paris Nanterre, EconomiX.
    32. Jacek Rothert & Jacob Short, 2023. "Non-Traded Goods, Factor Markets Frictions, and International Capital Flows," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 158-177, April.
    33. Emmanuel K. K. Lartey, 2008. "Capital Inflows, Resource Reallocation and the Real Exchange Rate," International Finance, Wiley Blackwell, vol. 11(2), pages 131-152, August.
    34. Rudolfs Bems, 2008. "Aggregate Investment Expenditures on Tradable and Nontradable Goods," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 852-883, October.
    35. Mr. Vladimir Klyuev, 2004. "Imperfect Capital Mobility in an Open Economy Model of Capital Accumulation," IMF Working Papers 2004/031, International Monetary Fund.
    36. Qinglai Meng & Andres Velasco, 1999. "Can Capital Mobility be Destabilizing?," NBER Working Papers 7263, National Bureau of Economic Research, Inc.
    37. Turnovsky, Stephen J., 1996. "Fiscal policy, growth, and macroeconomic performance in a small open economy," Journal of International Economics, Elsevier, vol. 40(1-2), pages 41-66, February.
    38. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.

  55. Philip L. Brock & Stephen J. Turnovsky, 1992. "The Growth and Welfare Consequences of Differential Tariffs With Endogenously-Supplied Capital and Labor," NBER Working Papers 4011, National Bureau of Economic Research, Inc.

    Cited by:

    1. Christian Keuschnigg, 1996. "Overshooting adjustment to tariff liberalization," Open Economies Review, Springer, vol. 7(3), pages 237-255, July.
    2. Peter Stockman, 2001. "The real dollar-yen exchange rate, asymmetries in trade flows and the current account in a perfect-foresight model for developing East Asia," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 9(1), pages 19-36.

  56. Stephen J. Turnovsky & Marcelo Bianconi, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," NBER Working Papers 4086, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ikeda, Shinsuke & Gombi, Ichiro, 2009. "Habit Formation In An Interdependent World Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 13(4), pages 477-492, September.
    2. Patrick K. Asea & Stephen J. Turnovsky, 1997. "Capital Income Taxation and Risk-Taking in a Small Open Economy," NBER Working Papers 6189, National Bureau of Economic Research, Inc.
    3. Kollman, R., 1996. "The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities: a Quantitative Investigation," Cahiers de recherche 9614, Universite de Montreal, Departement de sciences economiques.
    4. Donaghy, Kieran & Federici, Daniela & Wymer, Clifford R., 1999. "An Empirical Two-Good Two-Country Representative- Agent Model with Endogenous Growth," ERSA conference papers ersa99pa347, European Regional Science Association.
    5. Simon Bösenberg & Peter Egger & Benedikt Zoller-Rydzek, 2018. "Capital taxation, investment, growth, and welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(2), pages 325-376, April.
    6. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.
    7. Kejak, Michal & Seiter, Stephan & Vavra, David, 2004. "Accession trajectories and convergence: endogenous growth perspective," Structural Change and Economic Dynamics, Elsevier, vol. 15(1), pages 13-46, March.
    8. Zarko Y. Kalamov, 2023. "Internal debt and welfare," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(1), pages 196-224, February.
    9. Delphine Béraud, 2002. "Transmission internationale des politiques budgétaires et imparfaite mobilité du capital," Recherches économiques de Louvain, De Boeck Université, vol. 68(3), pages 287-311.
    10. Karayalcin, Cem, 1995. "Capital income taxation and welfare in a small open economy," Journal of International Money and Finance, Elsevier, vol. 14(6), pages 785-800, December.
    11. Daisuke Amano & Jun-ichi Itaya & Kazuo Mino, 2014. "Trade Structure and Growth Effects of Taxation in a Two-Country World," KIER Working Papers 891, Kyoto University, Institute of Economic Research.
    12. Jorge Blázquez, 1998. "Estructura federal, bienestar e inestabilidad política: un modelo de gasto público con externalidades internacionales," Investigaciones Economicas, Fundación SEPI, vol. 22(1), pages 119-149, January.
    13. Michal Kejak, 2007. "Growth, Inflation, and Banking: The Role of Human Capital," CERGE-EI Books, The Center for Economic Research and Graduate Education - Economics Institute, Prague, edition 1, number b01, May.
    14. Turnovsky, Stephen J., 1996. "Fiscal policy, growth, and macroeconomic performance in a small open economy," Journal of International Economics, Elsevier, vol. 40(1-2), pages 41-66, February.
    15. Yasushi Iwamoto & Akihisa Shibata, 1999. "Foreign Tax Credit and the Current Account," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(2), pages 131-148, May.
    16. Birchenall, Javier A., 2008. "Equilibrium, convergence, and capital mobility in neoclassical models of growth," Economics Letters, Elsevier, vol. 99(1), pages 10-13, April.
    17. Faik Koray & K. Peren Arin, 2006. "International Transmission of Fiscal Shocks: An Empirical Investigation," Departmental Working Papers 2006-03, Department of Economics, Louisiana State University.

  57. Grinols, E.L. & Turnovsky, S.J., 1992. "Risk, the Financial Market and Macroeconomic Equilibrium," Discussion Papers in Economics at the University of Washington 92-01, Department of Economics at the University of Washington.

    Cited by:

    1. Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.
    2. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses," Working Papers UWEC-2002-07-P, University of Washington, Department of Economics, revised Oct 2003.
    3. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
    4. Benavie, Arthur & Grinols, Earl & Turnovsky, Stephen J., 1996. "Adjustment costs and investment in a stochastic endogenous growth model," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 77-100, August.
    5. Olaf Posch, 2010. "Risk Premia in General Equilibrium," CESifo Working Paper Series 3131, CESifo.
    6. Bianconi, Marcelo, 1995. "Inflation and the real price of equities: Theory with some empirical evidence," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 495-514.
    7. Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Working Papers 0056, University of Washington, Department of Economics.
    8. Fred Celimene & Gilles Dufrenot & Gisele Mophou & Gaston N'Guerekata, 2013. "Tax evasion,tax corruption and stochastic growth," Documents de Travail 2013-05, CEREGMIA, Université des Antilles et de la Guyane.
    9. Turnovsky, Stephen J. & Grinols, Earl, 1996. "Optimal government finance policy and exchange rate management in a stochastically growing open economy," Journal of International Money and Finance, Elsevier, vol. 15(5), pages 687-716, October.
    10. Gokan, Yoichi, 2008. "Infrastructure, alternative government finance and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 321-347, February.
    11. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    12. Gokan, Yoichi, 2002. "Alternative government financing and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 681-706, April.
    13. Liutang Gong & Yulei Luo & Heng-fu Zou, 2009. "Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies," CEMA Working Papers 372, China Economics and Management Academy, Central University of Finance and Economics.
    14. Venegas Martínez Francisco & Rodríguez Nava Abigail, 2010. "Optimal portafolio and consumption decisions under exchange rate and interest rate risks. A jump-diffusion approach," Contaduría y Administración, Accounting and Management, vol. 55(1), pages 9-24, enero-abr.
    15. Rankin, Neil, 1994. "Nominal Rigidity and Monetary Uncertainty," CEPR Discussion Papers 890, C.E.P.R. Discussion Papers.
    16. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008. "Volatility, Growth and Labour Elasticity," Working Paper series 32_08, Rimini Centre for Economic Analysis.
    17. Smith, William T., 1999. "Risk, the Spirit of Capitalism and Growth: The Implications of a Preference for Capital," Journal of Macroeconomics, Elsevier, vol. 21(2), pages 241-262, April.
    18. Liutang Gong & Heng-fu Zou, 2001. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," CEMA Working Papers 53, China Economics and Management Academy, Central University of Finance and Economics.
    19. Ratbek Dzhumashev, 2007. "Corruption, Uncertainty And Growth," Monash Economics Working Papers 15-07, Monash University, Department of Economics.
    20. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.
    21. Wai Man Tse, 1996. "Policy implications in an adaptive financial economy," Journal of Economic Dynamics and Control, Elsevier, vol. 20(8), pages 1339-1366, August.
    22. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    23. Lin, Hwan C., 2008. "Forward-rate target zones and exchange rate dynamics," Journal of International Money and Finance, Elsevier, vol. 27(5), pages 831-846, September.
    24. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    25. Gong, Liutang & Zou, Heng-fu, 2012. "Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism," MPRA Paper 37426, University Library of Munich, Germany.

  58. Turnovsky, S.J., 1991. "The Impact of terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis," Discussion Papers in Economics at the University of Washington 91-19, Department of Economics at the University of Washington.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.
    3. Xiding Chen & Qinghua Huang & Weilun Huang & Xue Li, 2018. "The Impact of Sustainable Development Technology on a Small Economy—The Case of Energy-Saving Technology," IJERPH, MDPI, vol. 15(2), pages 1-11, February.
    4. Fred Celimene & Gilles Dufrenot & Gisele Mophou & Gaston N'Guerekata, 2013. "Tax evasion,tax corruption and stochastic growth," Documents de Travail 2013-05, CEREGMIA, Université des Antilles et de la Guyane.
    5. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    6. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    7. Janus, Thorsten & Riera-Crichton, Daniel, 2015. "Economic shocks, civil war and ethnicity," Journal of Development Economics, Elsevier, vol. 115(C), pages 32-44.
    8. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    9. Amano, Robert A. & van Norden, Simon, 1995. "Terms of trade and real exchange rates: the Canadian evidence," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 83-104, February.
    10. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    11. Turnovsky, Stephen J., 2019. "Demographic structures, savings, and international capital flows," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.
    12. Erauskin, Iñaki & Gardeazabal, Javier, 2017. "The terms of trade, the external balance, and the size of the net foreign asset position," International Review of Economics & Finance, Elsevier, vol. 50(C), pages 245-260.

  59. Fisher, W.H. & Turnovsky, S.J., 1991. "Fiscal Policy and the term Structure of Interest Rates: An Intertemporal Optimizing Analysis," Discussion Papers in Economics at the University of Washington 91-20, Department of Economics at the University of Washington.

    Cited by:

    1. Adam Kucera & Evzen Kocenda & Ales Marsal, 2022. "Yield Curve Dynamics and Fiscal Policy Shocks," Working Papers IES 2022/04, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2022.
    2. Koutsobinas, Theodore, 2011. "Animal spirits, liquidity-preference and Keynesian behavioural macroeconomics: An intertemporal framework," MPRA Paper 43027, University Library of Munich, Germany.
    3. Agenor, Pierre-Richard, 1995. "Monetary shocks and exchange rate dynamics with informal currency markets," International Review of Economics & Finance, Elsevier, vol. 4(3), pages 211-226.
    4. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash‐in‐advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(2), pages 336-352, May.
    5. X. Wang & Bill Yang, 2012. "Yield Curve Inversion and the Incidence of Recession: A Dynamic IS-LM Model with Term Structure of Interest Rates," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(2), pages 177-185, May.
    6. Thierry Warin & Kenneth Donahue, 2006. "The Stability and Growth Pact: A European Answer to the Political Budget Cycle?," Middlebury College Working Paper Series 0606, Middlebury College, Department of Economics.
    7. Fisher, Walter H., 1995. "An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 105-126, February.
    8. Shigeto Kitano, 2009. "Nominal debt and inflation stabilization," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(4), pages 409-422, December.
    9. Arman Mansoorian & Leo Michelis, 2005. "Money, capital, and real liquidity effects with habit formation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(2), pages 430-453, May.
    10. Chang, Wen-ya, 1999. "Government spending, endogenous labor, and capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 23(8), pages 1225-1242, August.
    11. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    12. Turnovsky, Stephen J. & Fisher, Walter H., 1995. "The composition of government expenditure and its consequences for macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 19(4), pages 747-786, May.
    13. Mark A. Wynne, 1993. "The output effects of government consumption: a note," Working Papers 9320, Federal Reserve Bank of Dallas.

  60. Earl L. Grinols & Stephen J. Turnovsky, 1991. "Stochastic Equilibrium and Exchange Rate Determination in a Small Open Economy with Risk Averse Optimizing Agents," NBER Working Papers 3651, National Bureau of Economic Research, Inc.

    Cited by:

    1. Turnovsky, Stephen J & Bianconi, Marcelo, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," Review of International Economics, Wiley Blackwell, vol. 1(1), pages 49-72, November.
    2. Antoine Magnier, 1992. "Théorie des zones cibles et fonctionnement du SME," Économie et Prévision, Programme National Persée, vol. 104(3), pages 87-113.
    3. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.

  61. Sen, P. & Turnovsky, S.J., 1990. "Investment Tax Credit In An Open Economy," Discussion Papers in Economics at the University of Washington 90-09, Department of Economics at the University of Washington.

    Cited by:

    1. Philip L. Brock & Stephen J. Turnovsky, 1993. "The Dependent Economy Model with Both Traded and Non-Traded Capital Goods," NBER Working Papers 4500, National Bureau of Economic Research, Inc.
    2. Leon Bettendorf & Ben Heijdra, 2001. "Intergenerational and International Welfare Leakages of a Product Subsidy in a Small Open Economy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 8(5), pages 705-729, November.
    3. Patrick K. Asea & Stephen J. Turnovsky, 1997. "Capital Income Taxation and Risk-Taking in a Small Open Economy," NBER Working Papers 6189, National Bureau of Economic Research, Inc.
    4. Cardi, Olivier, 2007. "Another View Of The J-Curve," Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 153-174, April.
    5. Bovenberg, A.L., 1992. "Investment-Promoting Policies in Open Economies: The Importance of Intergenerational and International Distributional Effects," Papers 9220, Tilburg - Center for Economic Research.
    6. Karine Gente & Miguel Leon-Ledesma, 2006. "Does the world real interest rate affect the real exchange rate? The South East Asian experience," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(4), pages 441-467.
    7. Kawagishi, Taketo & Nakamoto, Yasuhiro, 2016. "Dynamic Analysis of Health Status in a Small Open Economy," MPRA Paper 73859, University Library of Munich, Germany.
    8. Aloy, Marcel & Gente, Karine, 2009. "The role of demography in the long-run Yen/USD real exchange rate appreciation," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 654-667, December.
    9. Osang, Thomas & Pereira, Alfredo, 1996. "Import tariffs and growth in a small open economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 45-71, April.
    10. CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    11. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    12. Fisher, Walter H., 2002. "Investment and Current Account Dynamics in an Open Economy Status Seeking Framework," Economics Series 110, Institute for Advanced Studies.
    13. Ikeda, S. & Gombi, I., 1995. "Habits, Costly Investment, and Current Account Dynamics," ISER Discussion Paper 0442, Institute of Social and Economic Research, Osaka University.
    14. Creina Day & Garth Day, 2007. "Fiscal Reform, Growth and Current Account Dynamics," ANU Working Papers in Economics and Econometrics 2007-485, Australian National University, College of Business and Economics, School of Economics.
    15. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    16. Javier Coto-Martínez & Huw D. Dixon, 2001. "Profits, Markups and Entry: Fiscal Policy in an Open Economy," CESifo Working Paper Series 550, CESifo.
    17. Turnovsky, Stephen J & Bianconi, Marcelo, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," Review of International Economics, Wiley Blackwell, vol. 1(1), pages 49-72, November.
    18. Unal, Umut, 2015. "Capital Income Taxation and Welfare under DSGE Framework," MPRA Paper 68416, University Library of Munich, Germany.
    19. Kildegaard, Arne, 2001. "Fiscal reform, bank solvency, and the law of unintended consequences: a CGE analysis of Mexico," The North American Journal of Economics and Finance, Elsevier, vol. 12(1), pages 55-77, March.
    20. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.
    21. Fehr, Hans, 1995. "Welfare effects of investment incentive policies: A quantitative assessment," Tübinger Diskussionsbeiträge 57, University of Tübingen, School of Business and Economics.
    22. FitzGerald, Valpy, 2002. "International tax cooperation and capital mobility," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    23. Arman Mansoorian & Mohammed Mohsin, 2010. "The Effects of Inflation in a Small Open Economy with Durability in Consumption," Open Economies Review, Springer, vol. 21(2), pages 221-236, April.
    24. Lim, Sokchea & Mahbub Morshed, A.K.M., 2017. "Fiscal policy in a small open economy with cross-border labor mobility," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 147-174.
    25. Yasuhiro Nakamoto & Akihiko Yanase, 2022. "Pollution externalities and corrective taxes in a dynamic small open economy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(3), pages 667-703, June.
    26. Javier Coto-Martinez & Huw Dixon, "undated". "Fiscal Policy in an Imperfectly Competitive Dynamic Small Open Economy," Discussion Papers 99/19, Department of Economics, University of York.
    27. Søren Bo Nielsen, 1989. "Capital Income Taxation in a Growing World Economy," Discussion Papers 89-20, University of Copenhagen. Department of Economics.
    28. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    29. Jie Mao & Chunhua Wang, 2016. "Tax incentives and environmental protection: evidence from China’s taxpayer-level data," China Finance and Economic Review, Springer, vol. 4(1), pages 1-30, December.
    30. Fisher, Walter H., 2001. "Current Account Dynamics in a Small Open Economy Model of Status Seeking," Economics Series 107, Institute for Advanced Studies.
    31. Mohsin, Mohammed, 2006. "Durability in consumption and the dynamics of the current account," Journal of Economic Dynamics and Control, Elsevier, vol. 30(1), pages 143-162, January.
    32. Karayalcin, Cem, 1995. "Capital income taxation and welfare in a small open economy," Journal of International Money and Finance, Elsevier, vol. 14(6), pages 785-800, December.
    33. Bovenberg, A.L., 1994. "Investment-promoting policies in open economies : The importance of intergenerational and international distributional effects," Other publications TiSEM be140a39-7a76-4f99-8a61-2, Tilburg University, School of Economics and Management.
    34. Koichi Futagami & Yasuhiro Nakamoto, 2010. "Dynamic analysis of a renewable resource in a small open economy: The role of environmental policies for the environment," Discussion Papers in Economics and Business 10-21, Osaka University, Graduate School of Economics.
    35. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    36. Xuexian Gao & Haidong Zheng & Yan Zhang & Naser Golsanami, 2019. "Tax Policy, Environmental Concern and Level of Emission Reduction," Sustainability, MDPI, vol. 11(4), pages 1-17, February.
    37. Chen, Ping-ho & Lai, Ching-chong & Chu, Hsun, 2016. "Welfare effects of tourism-driven Dutch disease: The roles of international borrowings and factor intensity," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 381-394.
    38. Tarkom, Augustine, 2022. "Impact of COVID-19 exposure on working capital management: The moderating effect of investment opportunities and government incentives," Finance Research Letters, Elsevier, vol. 47(PB).
    39. Koichi Futagami & Yasuhiro Nakamoto, 2019. "The impacts of pollution control policies on the pollution in small open economies," Discussion Papers in Economics and Business 19-08, Osaka University, Graduate School of Economics.
    40. Feltenstein, Andrew & Shah, Anwar, 1991. "Tax policy options to promote private capital formation in Pakistan," Policy Research Working Paper Series 698, The World Bank.
    41. Olivier, CARDI, 2005. "The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks," Discussion Papers (ECON - Département des Sciences Economiques) 2005030, Université catholique de Louvain, Département des Sciences Economiques.
    42. Mansoorian, Arman & Mohsin, Mohammed, 2006. "On the employment, investment and current account effects of inflation," Journal of International Economics, Elsevier, vol. 70(1), pages 296-313, September.
    43. Arman Mansoorian & Mohammed Mohsin, 2002. "The Employment, Investment and Current Account Effects of Exchange Rate Policies in a Cash-in-Advance Economy," Working Papers 2002_04, York University, Department of Economics.
    44. Turnovsky, Stephen J., 1996. "Fiscal policy, growth, and macroeconomic performance in a small open economy," Journal of International Economics, Elsevier, vol. 40(1-2), pages 41-66, February.
    45. Yasushi Iwamoto & Akihisa Shibata, 1999. "Foreign Tax Credit and the Current Account," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(2), pages 131-148, May.
    46. Yasuhiro Nakamoto & Taketo Kawagishi, 2021. "The Impacts of Temporary and Permanent Public Health Policies on HRQOL in a Small Open Economy," Sustainability, MDPI, vol. 13(17), pages 1-33, September.
    47. Hyeongtae Cho & SungMan Yoon, 2023. "Do Governmental Tax Reliefs for Investment Lead to Investment Efficiency and Sustainability for SMEs? Evidence From South Korea," SAGE Open, , vol. 13(1), pages 21582440231, February.

  62. Turnovsky, S.J. & Sen, P., 1990. "Fiscal Policy, Capital Accumulation, And Debt In An Open Economy," Discussion Papers in Economics at the University of Washington 90-18, Department of Economics at the University of Washington.

    Cited by:

    1. Serven, Luis, 1994. "Capital goods imports, the real exchange rate, and the current account," Policy Research Working Paper Series 1298, The World Bank.
    2. van de Klundert, T.C.M.J. & Smulders, J.A., 2001. "Loss of technological leadership of rentier economies, a two country endogenous growth model," Other publications TiSEM c0f60d26-1f68-4c7e-b5fe-6, Tilburg University, School of Economics and Management.
    3. Olivier Cardi & Gernot J. Muller, 2010. "Habit Formation and Fiscal Transmission in Open Economies," Working Papers hal-00544484, HAL.
    4. Francisco A. Gallego & Klaus Schmidt-Hebbel & Luis Servén, 2004. "General Equilibrium Dynamics of External Shocks and Policy Changes in Chile," Working Papers Central Bank of Chile 271, Central Bank of Chile.
    5. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    6. CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. van de Klundert, Theo & Smulders, Sjak, 1999. "Catching-up and Regulation in a Two-Sector Small Open Economy," Review of International Economics, Wiley Blackwell, vol. 7(3), pages 431-454, August.
    8. Schmidt-Hebbel, Klaus & Serven, Luis, 1994. "Fiscal policy in classical and Keynesian open economies," Policy Research Working Paper Series 1299, The World Bank.
    9. Ono, Y., 2001. "International Spillover of Economic Fluctuations:A Dynamic Optimization Approach," ISER Discussion Paper 0527, Institute of Social and Economic Research, Osaka University.
    10. Brito, Paulo & Dixon, Huw, 2013. "Fiscal policy, entry and capital accumulation: Hump-shaped responses," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2123-2155.
    11. Javier Coto-Martínez & Huw D. Dixon, 2001. "Profits, Markups and Entry: Fiscal Policy in an Open Economy," CESifo Working Paper Series 550, CESifo.
    12. Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126, December.
    13. Karayalcin, Cem, 1999. "Temporary and permanent government spending in a small open economy," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 125-141, February.
    14. Stefan F. Schubert, 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Post-Print hal-00851861, HAL.
    15. Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics.
    16. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.
    17. Wei-Bin Zhang, 2017. "Governments’ Debts And Public Goods In A Multi-Country. Growth Model With Tradable And Non-Tradable Goods," Journal of Smart Economic Growth, , vol. 2(2), pages 1-34, May.
    18. Fisher, Walter H., 1995. "An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 105-126, February.
    19. Javier Coto-Martinez & Huw Dixon, "undated". "Fiscal Policy in an Imperfectly Competitive Dynamic Small Open Economy," Discussion Papers 99/19, Department of Economics, University of York.
    20. Donald A. R. George & Les Oxley, 2013. "Rational Expectations Dynamics: A Methodological Critique," Edinburgh School of Economics Discussion Paper Series 217, Edinburgh School of Economics, University of Edinburgh.
    21. Walter H. Fisher, 2004. "Status Preference, Wealth and Dynamics in the Open Economy," German Economic Review, Verein für Socialpolitik, vol. 5(3), pages 335-355, August.
    22. Constantine Angyridis & Arman Mansoorian, 2009. "Monetary Policy in a Small Open Economy with Marshallian Preferences," The Economic Record, The Economic Society of Australia, vol. 85(268), pages 21-31, March.
    23. Mohsin, Mohammed, 2006. "Durability in consumption and the dynamics of the current account," Journal of Economic Dynamics and Control, Elsevier, vol. 30(1), pages 143-162, January.
    24. Kim, Soyoung & Kim, Sunghyun H. & Wang, Yunjong, 2007. "Saving, investment and international capital mobility in East Asia," Japan and the World Economy, Elsevier, vol. 19(2), pages 279-291, March.
    25. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash-in-advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics, Canadian Economics Association, vol. 37(2), pages 336-352, May.
    26. Francisco Gallego & Klaus Schmidt-Hebbel & Luis Servén, 2005. "General Equilibrium Dynamics of Foreign Shocks ans Policy Changes in Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (S (ed.),General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 4, pages 113-162, Central Bank of Chile.
    27. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    28. Dai, Meixing, 1992. "Technological dependence and budgetary policy in an uncertain horizon model of small open economy," MPRA Paper 14003, University Library of Munich, Germany.
    29. van de Klundert, T.C.M.J. & Smulders, J.A., 1997. "Catching-up and Regulation in a Two-Sector Small Open Economy," Other publications TiSEM dcb72bbc-f57c-4bb3-8842-6, Tilburg University, School of Economics and Management.
    30. Piersanti, Giovanni, 2000. "Current account dynamics and expected future budget deficits: some international evidence," Journal of International Money and Finance, Elsevier, vol. 19(2), pages 255-271, April.
    31. Agenor, Pierre-Richard & Pizzati, Lodovico, 2005. "Disinflation and the supply side," Journal of Macroeconomics, Elsevier, vol. 27(4), pages 596-620, December.
    32. Hwang, Sun Ho & Kim, Yun Jung, 2018. "Capital mobility in OECD countries: A multi-level factor approach to saving–investment correlations," Economic Modelling, Elsevier, vol. 69(C), pages 150-159.
    33. Wei-Bin Zhang, 2018. "National Debt and Economic Growth with Externalities and Congestions," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 175-191, June.
    34. Patrick Artus, 1992. "Réunification allemande, dynamique et contraintes. Un cadre d'analyse," Revue Économique, Programme National Persée, vol. 43(5), pages 823-850.
    35. Sugata Ghosh & Iannis A. Mourmouras & Sarmistha Pal & Ivan Paya, 2003. "On Public Investment, the Real Exchange Rate and Growth: Some Empirical Evidence from the UK and the USA," Manchester School, University of Manchester, vol. 71(3), pages 242-264, June.
    36. Partha Sen, 2005. "Perfect Competition and the Keynesian Cross:Revisiting Tobin," Working papers 135, Centre for Development Economics, Delhi School of Economics.
    37. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2002. "Anticipated foreign military threat, arms accumulation, and the current account in a small open economy," Journal of International Money and Finance, Elsevier, vol. 21(7), pages 1035-1052, December.
    38. Kim, Sunghyun Henry, 2001. "The saving-investment correlation puzzle is still a puzzle," Journal of International Money and Finance, Elsevier, vol. 20(7), pages 1017-1034, December.
    39. Agenor, Pierre-Richard, 2005. "Fiscal adjustment and labor market dynamics in an open economy," Journal of Development Economics, Elsevier, vol. 76(1), pages 97-125, February.
    40. wei-bin zhang, 2016. "Public Debt and Economic Growth in Uzawa?s Two-Sector Model with Public Goods," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(4), pages 51-72, December.
    41. Chao, Chi-Chur & Yu, Eden S. H., 2003. "Export-performance requirements, foreign investment quotas, and welfare in a small dynamic economy," Journal of Development Economics, Elsevier, vol. 72(1), pages 387-400, October.
    42. Schmidt-Hebbel, Klaus & Serven, Luis, 1995. "Fiscal and monetary contraction in Chile : a rational-expectations approach," Policy Research Working Paper Series 1472, The World Bank.
    43. Schmidt-Hebbel, Klaus & Serven, Luis, 1992. "Dynamic response to foreign transfers and terms-of-trade shocks in open economies," Policy Research Working Paper Series 1061, The World Bank.

  63. Turnovsky, S.J., 1990. "Tariffs And Sectoral Adjustments In An Open Economy," Discussion Papers in Economics at the University of Washington 90-13, Department of Economics at the University of Washington.

    Cited by:

    1. Philip L. Brock & Stephen J. Turnovsky, 1993. "The Dependent Economy Model with Both Traded and Non-Traded Capital Goods," NBER Working Papers 4500, National Bureau of Economic Research, Inc.
    2. Javier Coto-Martínez & Huw D. Dixon, 2001. "Profits, Markups and Entry: Fiscal Policy in an Open Economy," CESifo Working Paper Series 550, CESifo.
    3. Hwang, Yu-Ning & Turnovsky, Stephen J., 2013. "Exchange rate pass-through and the effects of tariffs on economic performance and welfare," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 81-102.
    4. Turnovsky, Stephen J & Bianconi, Marcelo, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," Review of International Economics, Wiley Blackwell, vol. 1(1), pages 49-72, November.
    5. Willenbockel, Dirk, 1999. "Dynamic applied general equilibrium trade policy analysis in the presence of foreign asset cross-ownership," Economic Modelling, Elsevier, vol. 16(3), pages 371-388, August.
    6. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.
    7. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.
    8. Javier Coto-Martinez & Huw Dixon, "undated". "Fiscal Policy in an Imperfectly Competitive Dynamic Small Open Economy," Discussion Papers 99/19, Department of Economics, University of York.
    9. Ikeda & S., 2000. "Tariffs, Time Preference, and the Current Account under Weakly Nonseparable Preferences," ISER Discussion Paper 0519, Institute of Social and Economic Research, Osaka University.
    10. Erling Holmøy, 1998. "A General Equilibrium Evaluation of Aggregate Welfare Effects from Improved Sectoral Efficiency . Empirical Evidence for Norway," Discussion Papers 224, Statistics Norway, Research Department.
    11. Andrés Felipe Arias & Hernando Zuleta, 1997. "Tasa de Cambio Real e Inversión. La Experiencia de 1990-1996," Borradores de Economia 076, Banco de la Republica de Colombia.
    12. Peter Stockman, 2001. "The real dollar-yen exchange rate, asymmetries in trade flows and the current account in a perfect-foresight model for developing East Asia," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 9(1), pages 19-36.

  64. Bhandari, Jagdeep S. & Ul Haque, Nadeem & Turnovsky, Stephen J., 1989. "Growth, debt, and sovereign risk in a small, open economy," Policy Research Working Paper Series 260, The World Bank.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Joshua Aizenman & Stephen J. Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," NBER Working Papers 7004, National Bureau of Economic Research, Inc.
    3. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    4. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    5. Chatterjee, Santanu & Sakoulis, Georgios & Turnovsky, Stephen J., 2003. "Unilateral capital transfers, public investment, and economic growth," European Economic Review, Elsevier, vol. 47(6), pages 1077-1103, December.
    6. Morales, Jorge & Tuesta, Pedro, 1998. "Calificaciones de crédito y riesgo país," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 3.
    7. Alberto Petrucci, 2004. "Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy," Working Papers 2004.121, Fondazione Eni Enrico Mattei.
    8. Fisher, Walter H., 2004. "Imports, Status Preference, and Foreign Borrowing," Economics Series 161, Institute for Advanced Studies.
    9. Romulo Chumacero & Rodrigo Fuentes, 2004. "Chile's Free Trade Deals with the EU and the US: A Big Deal?," Econometric Society 2004 Far Eastern Meetings 661, Econometric Society.

  65. Turnovsky, S.J., 1989. "The Term Structure Of Interest Rates And The Effets Of Macroeconomics Policy," Discussion Papers in Economics at the University of Washington 89-03, Department of Economics at the University of Washington.

    Cited by:

    1. Bruno Ducoudré, 2005. "Fiscal policy and interest rates," Documents de Travail de l'OFCE 2005-08, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. Jagjit Chadha & Sean Holly, 2006. "Macroeconomic Models and the Yield Curve," Computing in Economics and Finance 2006 105, Society for Computational Economics.
    3. Drobyshevsky Sergey & Lugovoy Oleg & Astafieva Ekaterina & Burkova N. Yu., 2009. "Modeling the term structure of interest rates on Russian government bonds in 2000 – 2008," Research Paper Series, Gaidar Institute for Economic Policy, issue 130P.
    4. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash‐in‐advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(2), pages 336-352, May.
    5. Helen Popper, 1995. "Term premia comovement in German, Japanese, and U.S. domestic markets," Open Economies Review, Springer, vol. 6(1), pages 49-62, January.
    6. Viktor Kotlán, 2001. "Monetary policy and the term structure of interest rates in a small open economy - a model framework approach," Macroeconomics 0110003, University Library of Munich, Germany.
    7. Stephen K. McNees & Geoffrey M. B. Tootell, 1991. "\"Whither New England\"?," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 11-26.
    8. Cebula, Richard, 1990. "A Note on Federal Budget Deficits and the Term Structure of Real Interest Rates in the United States," MPRA Paper 50238, University Library of Munich, Germany.
    9. Kim, Kenneth A. & Limpaphayom, Piman, 1997. "The effect of economic regimes on the relation between term structure and real activity in Japan," Journal of Economics and Business, Elsevier, vol. 49(4), pages 379-392.
    10. Jesper Lindé, 2001. "Fiscal policy and interest rates in a small open economy," Finnish Economic Papers, Finnish Economic Association, vol. 14(2), pages 65-83, Autumn.
    11. Walter Fisher, 2000. "The Term Structure of Interest Rates in a Small Open Economy: A Stochastic Analysis," Open Economies Review, Springer, vol. 11(3), pages 261-278, July.
    12. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash-in-advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics, Canadian Economics Association, vol. 37(2), pages 336-352, May.
    13. Jakas, Vicente, 2011. "Theory and empirics of an affine term structure model applied to European data," MPRA Paper 36029, University Library of Munich, Germany.
    14. Viktor Kotlan, 2002. "Monetary Policy and the Term Spread in a Macro Model of a Small Open Economy," Working Papers 2002/01, Czech National Bank.
    15. Duarte, Agustin & Venetis, Ioannis A. & Paya, Ivan, 2005. "Predicting real growth and the probability of recession in the Euro area using the yield spread," International Journal of Forecasting, Elsevier, vol. 21(2), pages 261-277.
    16. Hedva Ber & Adi Brender & Sigal Ribon, 2004. "Are Fiscal and Monetary Policies reflected in Real Yields? Evidence from a period of Disinflation and Declining Deficit Targets," Israel Economic Review, Bank of Israel, vol. 2(2), pages 15-44.
    17. van Bergeijk, Peter A. G. & Berk, Jan Marc, 2000. "Is the yield curve a useful Information variable for the Eurosystem?," Working Paper Series 11, European Central Bank.
    18. Chadha, J.S. & Holly, S., 2006. "Macroeconomic Models and the Yield Curve: An assessment of the Fit," Cambridge Working Papers in Economics 0640, Faculty of Economics, University of Cambridge.
    19. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.

  66. Turnovsky, S.J., 1989. "The Effects Of Taxes And Devidend Policy On Capital Accumulation And Macroeconomic Behavior," Discussion Papers in Economics at the University of Washington 891101, Department of Economics at the University of Washington.

    Cited by:

    1. Holger Strulik, 1999. "Capital Tax Reform, Corporate Finance, and Economic Growth and Welfare," Quantitative Macroeconomics Working Papers 19908, Hamburg University, Department of Economics.
    2. Bianconi, Marcelo, 1995. "Inflation and the real price of equities: Theory with some empirical evidence," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 495-514.
    3. Holger Strulik & Timo Trimborn, 2011. "Laffer Strikes Again: Dynamic Scoring of Capital Taxes," DEGIT Conference Papers c016_074, DEGIT, Dynamics, Economic Growth, and International Trade.
    4. Heng-fu Zou, 2012. "A Naive Model on the Rise and Decline of Nations and Powers," CEMA Working Papers 557, China Economics and Management Academy, Central University of Finance and Economics.
    5. Brito, Paulo & Dixon, Huw, 2013. "Fiscal policy, entry and capital accumulation: Hump-shaped responses," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2123-2155.
    6. Tarmo Valkonen, 2001. "The Finnish Corporate Income Tax Reform and the Financial Strategy of Firms: A General Equilibrium Approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 28(2), pages 219-239, June.
    7. Shaw, Ming-fu & Chang, Juin-jen & Chen, Hung-Ju, 2013. "Capital adequacy and the bank lending channel: Macroeconomic implications," Journal of Macroeconomics, Elsevier, vol. 36(C), pages 121-137.
    8. Philippe Michel & Leopold Von Thadden & Jean‐Pierre Vidal, 2010. "Debt Stabilizing Fiscal Rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(5), pages 923-941, October.
    9. Holger Strulik, 2008. "The Credit Channel of Capital Tax Policy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(5), pages 717-742, October.
    10. Chang, Wen-ya, 1999. "Government spending, endogenous labor, and capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 23(8), pages 1225-1242, August.
    11. Loukas Karabarbounis & Brent Neiman, 2012. "Declining Labor Shares and the Global Rise of Corporate Saving," NBER Working Papers 18154, National Bureau of Economic Research, Inc.
    12. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.
    13. Dam, Lammertjan & Heijdra, Ben J., 2011. "The environmental and macroeconomic effects of socially responsible investment," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1424-1434, September.
    14. Wei-Bin Zhang, 2018. "National Debt and Economic Growth with Externalities and Congestions," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 175-191, June.
    15. Strulik, Holger & Trimborn, Timo, 2010. "Anticipated tax reforms and temporary tax cuts: A general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 34(10), pages 2141-2158, October.
    16. Gong, Liutang & Zou, Heng-fu, 2012. "Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism," MPRA Paper 37426, University Library of Munich, Germany.
    17. wei-bin zhang, 2016. "Public Debt and Economic Growth in Uzawa?s Two-Sector Model with Public Goods," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(4), pages 51-72, December.

  67. Turnovsky, S. & Sen, P., 1988. "Deterioration Of The Term Of Trade And Capital Eccumulation A Reexamination Of The Laursen-Metzler Effect," Discussion Papers in Economics at the University of Washington 88-08, Department of Economics at the University of Washington.

    Cited by:

    1. Cardi, Olivier, 2007. "Another View Of The J-Curve," Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 153-174, April.
    2. Karine Gente & Miguel Leon-Ledesma, 2006. "Does the world real interest rate affect the real exchange rate? The South East Asian experience," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(4), pages 441-467.
    3. Turnovsky, S.J., 1990. "Tariffs And Sectoral Adjustments In An Open Economy," Working Papers 90-13, University of Washington, Department of Economics.
    4. Hyeon‐Seung Huh & Tadashi Inoue & Hyun‐Hoon Lee, 2010. "Optimal Foreign Borrowing Revisited," The Japanese Economic Review, Japanese Economic Association, vol. 61(3), pages 367-381, September.
    5. Heng-fu Zou, 1997. "Dynamic analysis in the Viner model of mercantilism," CEMA Working Papers 100, China Economics and Management Academy, Central University of Finance and Economics.
    6. Aloy, Marcel & Gente, Karine, 2009. "The role of demography in the long-run Yen/USD real exchange rate appreciation," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 654-667, December.
    7. Ramon Moreno, 1990. "External shocks and adjustment in four Asian economics--1978-87," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 27-41.
    8. Davis, George K. & Miller, Norman C., 1996. "Exchange rate mean reversion from real shocks within an intertemporal equilibrium model," Journal of International Money and Finance, Elsevier, vol. 15(6), pages 947-967, December.
    9. Xiding Chen & Qinghua Huang & Weilun Huang & Xue Li, 2018. "The Impact of Sustainable Development Technology on a Small Economy—The Case of Energy-Saving Technology," IJERPH, MDPI, vol. 15(2), pages 1-11, February.
    10. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    11. Heng-fu Zou, 1995. "Short-run analysis of fiscal policy and the current account in a finite horizon model," CEMA Working Papers 95, China Economics and Management Academy, Central University of Finance and Economics.
    12. Huang, Kevin X.D. & Meng, Qinglai, 2007. "The Harberger-Laursen-Metzler effect under capital market imperfections," Journal of International Money and Finance, Elsevier, vol. 26(6), pages 1001-1015, October.
    13. CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    14. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    15. Fisher, Walter H., 2002. "Investment and Current Account Dynamics in an Open Economy Status Seeking Framework," Economics Series 110, Institute for Advanced Studies.
    16. Bruce F. Parsell & Alan A. Powell & Peter J. Wilcoxen, 1989. "The Reconciliation of Computable General Equilibrium and Macroeconomic Modelling: Grounds for Hope?," Centre of Policy Studies/IMPACT Centre Working Papers ip-44, Victoria University, Centre of Policy Studies/IMPACT Centre.
    17. Ikeda, S. & Gombi, I., 1995. "Habits, Costly Investment, and Current Account Dynamics," ISER Discussion Paper 0442, Institute of Social and Economic Research, Osaka University.
    18. Bye, Brita, 2002. "Taxation, Unemployment, and Growth: Dynamic Welfare Effects of "Green" Policies," Journal of Environmental Economics and Management, Elsevier, vol. 43(1), pages 1-19, January.
    19. Arman Mansoorian & Constantine Angyridis, 2008. "The Harberger-Laursen-Metzler effect with with Marshallian preferences," Economics Bulletin, AccessEcon, vol. 6(11), pages 1-11.
    20. Sen, P. & Turnovsky, S.J., 1990. "Investment Tax Credit In An Open Economy," Discussion Papers in Economics at the University of Washington 90-09, Department of Economics at the University of Washington.
    21. Arman Mansoorian, 1999. "On Cash in Advance Constraints for Open Economies," Working Papers 1999_02, York University, Department of Economics.
    22. Serven, Luis, 1999. "Terms-of-trade shocks and optimal investment: another look at the Laursen-Metzler effect," Journal of International Money and Finance, Elsevier, vol. 18(3), pages 337-365.
    23. Brita Bye & Taran Fæhn & Leo A. Grünfeld, 2008. "Growth policy in a small, open economy. Domestic innovation and learning from abroad," Discussion Papers 572, Statistics Norway, Research Department.
    24. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    25. Alan V. Deardorff, 2016. "What Do We (and Others) Mean by "The Terms of Trade"?," Working Papers 651, Research Seminar in International Economics, University of Michigan.
    26. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.
    27. Bye, Brita & Fæhn, Taran & Heggedal, Tom-Reiel, 2009. "Welfare and growth impacts of innovation policies in a small, open economy; an applied general equilibrium analysis," Economic Modelling, Elsevier, vol. 26(5), pages 1075-1088, September.
    28. Klaus Waelde, 1994. "Transitional dynamics, convergence and international capital flows in two-country models of innovation and growth," International Trade 9403002, University Library of Munich, Germany, revised 03 Jan 1996.
    29. Shinsuke Ikeda, 2009. "Export‐ and Import‐Specific Habit Formation," Review of Development Economics, Wiley Blackwell, vol. 13(4), pages 709-718, November.
    30. Alberto Petrucci, 2004. "Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy," Working Papers 2004.121, Fondazione Eni Enrico Mattei.
    31. Cashin, P. & McDermott, C.J., 1999. "Terms of Trade Shocks and the Current Account," Department of Economics - Working Papers Series 678, The University of Melbourne.
    32. Javier Coto-Martinez & Huw Dixon, "undated". "Fiscal Policy in an Imperfectly Competitive Dynamic Small Open Economy," Discussion Papers 99/19, Department of Economics, University of York.
    33. Fisher, Walter H., 2001. "Current Account Dynamics in a Small Open Economy Model of Status Seeking," Economics Series 107, Institute for Advanced Studies.
    34. L. Sahely & R. Darius & O. Williams, 2001. "Terms of trade shocks and the current account in a unified currency area," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(8), pages 1179-1188.
    35. Mansoorian, Arman & Neaime, Simon, 2003. "Durable goods, habits, time preference, and exchange rates," The North American Journal of Economics and Finance, Elsevier, vol. 14(1), pages 115-130, March.
    36. Stephen J. Turnovsky, 1991. "The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis," NBER Working Papers 3916, National Bureau of Economic Research, Inc.
    37. Norman S. Fieleke, 1988. "International payments imbalances in heavily indebted developing countries," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 32, pages 58-102.
    38. Roberto Duncan, 2003. "The Harberger-Laursen-Metzler Effect Revisited: An Indirect-Utility-Function Approach," Working Papers Central Bank of Chile 250, Central Bank of Chile.
    39. Chang, Wen-ya, 1999. "Government spending, endogenous labor, and capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 23(8), pages 1225-1242, August.
    40. Chang, Wen-ya & Tsai, Hsueh-fang & Chu, Mei-Lie & Chang, Juin-jen, 2015. "On the employment, investment and current account effects of inflation: A revisit," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 278-294.
    41. Bye Brita & Faehn Taran & Grünfeld Leo A., 2011. "Growth and Innovation Policy in a Small, Open Economy: Should You Stimulate Domestic R&D or Exports?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-41, July.
    42. Paul Cashin & C. John McDermott, 2003. "Intertemporal Substitution and Terms‐of‐Trade Shocks," Review of International Economics, Wiley Blackwell, vol. 11(4), pages 604-618, September.
    43. Chen Fang & Po-Sheng Lin, 2013. "Traded Bond Denominations, Shock Persistence and Current Account Dynamics: Another Look at the Harberger–Laursen–Metzler Effect," Pacific Economic Review, Wiley Blackwell, vol. 18(4), pages 502-529, October.
    44. Chen, Ping-ho & Lai, Ching-chong & Chu, Hsun, 2016. "Welfare effects of tourism-driven Dutch disease: The roles of international borrowings and factor intensity," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 381-394.
    45. Mansoorian, Arman & Mohsin, Mohammed, 2010. "On the employment, investment, and current account effects of trade liberalizations with durability in consumption," The North American Journal of Economics and Finance, Elsevier, vol. 21(3), pages 228-240, December.
    46. Piotr Misztal, 2010. "The Harberger-Laursen-Metzler Effect. Theory and Practice in Poland," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 13(38), pages 129-146, December.
    47. Christian Keuschnigg, 1996. "Overshooting adjustment to tariff liberalization," Open Economies Review, Springer, vol. 7(3), pages 237-255, July.
    48. Mansoorian Arman & Neaime Simon, 2002. "Habits And Durability In Consumption And The Effects Of Exchange Rate Policies," International Economic Journal, Taylor & Francis Journals, vol. 16(2), pages 97-114.
    49. Bhandari, Jagdeep S. & Ul Haque, Nadeem & Turnovsky, Stephen J., 1989. "Growth, debt, and sovereign risk in a small, open economy," Policy Research Working Paper Series 260, The World Bank.
    50. Mansoorian, Arman & Mohsin, Mohammed, 2013. "Real asset returns, inflation and activity in a small, open, Cash-in-Advance economy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 234-250.
    51. Klaus Wälde, 1996. "Proof of global stability, transitional dynamics, and international capital flows in a two-country model of innovation and growth," Journal of Economics, Springer, vol. 64(1), pages 53-84, February.
    52. Araujo, Juliana D. & Li, Bin Grace & Poplawski-Ribeiro, Marcos & Zanna, Luis-Felipe, 2016. "Current account norms in natural resource rich and capital scarce economies," Journal of Development Economics, Elsevier, vol. 120(C), pages 144-156.
    53. Tarlok Singh, 2007. "Intertemporal Optimizing Models Of Trade And Current Account Balance: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 25-64, February.
    54. Bye, Brita, 2000. "Environmental Tax Reform and Producer Foresight: An Intertemporal Computable General Equilibrium Analysis," Journal of Policy Modeling, Elsevier, vol. 22(6), pages 719-752, November.
    55. María Dolores Guilló, 1995. "Terms-Of-Trade And The Current Account: A Two-Country/Two-Sector Growth Model," Working Papers. Serie AD 1995-03, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    56. Olivier, CARDI, 2005. "The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks," Discussion Papers (ECON - Département des Sciences Economiques) 2005030, Université catholique de Louvain, Département des Sciences Economiques.
    57. International Monetary Fund, 1999. "Macroeconomic and Sectoral Effects of Terms-of-Trade Shocks: The Experience of the Oil-Exporting Developing Countries," IMF Working Papers 1999/134, International Monetary Fund.
    58. Mansoorian, Arman & Mohsin, Mohammed, 2006. "On the employment, investment and current account effects of inflation," Journal of International Economics, Elsevier, vol. 70(1), pages 296-313, September.
    59. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2002. "Anticipated foreign military threat, arms accumulation, and the current account in a small open economy," Journal of International Money and Finance, Elsevier, vol. 21(7), pages 1035-1052, December.
    60. Arman Mansoorian & Mohammed Mohsin, 2002. "The Employment, Investment and Current Account Effects of Exchange Rate Policies in a Cash-in-Advance Economy," Working Papers 2002_04, York University, Department of Economics.
    61. Tayyaba Idrees & Saira Tufail, 2012. "The Harberger-Laursen-Metzler Effect: Evidence from Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(2), pages 87-110, July-Dec.
    62. Hossain, Ferdaus, 1995. "Current account determination in the intertemporal framework: an empirical analysis," ISU General Staff Papers 1995010108000011939, Iowa State University, Department of Economics.
    63. Ikeda, S., 2000. "Weakly Nonseparable Preference and the Current Account: Yes, There is a Harberger-Laursen-Metzler Effect," ISER Discussion Paper 0503, Institute of Social and Economic Research, Osaka University.
    64. Mansoorian, Arman & Michelis, Leo, 2010. "Monetary policy in a small open economy with durable goods and differing cash-in-advance constraints," Economics Letters, Elsevier, vol. 107(2), pages 246-248, May.
    65. Mansoorian, Arman, 1998. "Habits and durability in consumption, and the dynamics of the current account," Journal of International Economics, Elsevier, vol. 44(1), pages 69-82, February.
    66. Erauskin, Iñaki & Gardeazabal, Javier, 2017. "The terms of trade, the external balance, and the size of the net foreign asset position," International Review of Economics & Finance, Elsevier, vol. 50(C), pages 245-260.
    67. Norman S. Fieleke, 1990. "Economic Adjustment In Heavily Indebted Developing Countries," Contemporary Economic Policy, Western Economic Association International, vol. 8(2), pages 18-35, April.

  68. Partha Sen & Stephen J. Turnovsky, 1988. "Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy," NBER Working Papers 2781, National Bureau of Economic Research, Inc.

    Cited by:

    1. Serven, Luis, 1994. "Capital goods imports, the real exchange rate, and the current account," Policy Research Working Paper Series 1298, The World Bank.
    2. Seppo Honkapohja & Arja H. Turunen‐Red & Alan D. Woodland, 2016. "Growth, expectations and tariffs," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1441-1469, November.
    3. Karine Gente & Miguel Leon-Ledesma, 2006. "Does the world real interest rate affect the real exchange rate? The South East Asian experience," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(4), pages 441-467.
    4. Rattsø, Jørn & Stokke, Hildegunn E., 2012. "Trade policy in a growth model with technology gap dynamics and simulations for South Africa," Journal of Economic Dynamics and Control, Elsevier, vol. 36(7), pages 1042-1056.
    5. Aloy, Marcel & Gente, Karine, 2009. "The role of demography in the long-run Yen/USD real exchange rate appreciation," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 654-667, December.
    6. Osang, Thomas & Pereira, Alfredo, 1996. "Import tariffs and growth in a small open economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 45-71, April.
    7. Turnovsky, Stephen J & Sen, Partha, 1991. "Fiscal Policy, Capital Accumulation, and Debt in an Open Economy," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 1-24, January.
    8. Maffezzoli, Marco & Cuñat, Alejandro, 2003. "Heckscher-Ohlin Business Cycles," CEPR Discussion Papers 3728, C.E.P.R. Discussion Papers.
    9. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    10. Yano, Makoto & Honryo, Takakazu, 2010. "Trade imbalances and harmonization of competition policies," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 438-452, July.
    11. Fisher, Walter H., 2002. "Investment and Current Account Dynamics in an Open Economy Status Seeking Framework," Economics Series 110, Institute for Advanced Studies.
    12. Bruce F. Parsell & Alan A. Powell & Peter J. Wilcoxen, 1989. "The Reconciliation of Computable General Equilibrium and Macroeconomic Modelling: Grounds for Hope?," Centre of Policy Studies/IMPACT Centre Working Papers ip-44, Victoria University, Centre of Policy Studies/IMPACT Centre.
    13. Hung‐Ju Chen & Chen‐Min Hsu, 2009. "Demand Changes and Real Exchange Rate Dynamics in a Finite‐Horizon Model with Sectoral Adjustment Costs," Southern Economic Journal, John Wiley & Sons, vol. 75(4), pages 1191-1211, April.
    14. Hwang, Yu-Ning & Turnovsky, Stephen J., 2013. "Exchange rate pass-through and the effects of tariffs on economic performance and welfare," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 81-102.
    15. Heijdra, B.J. & Ligthart, J.E., 2006. "The Transitional Dynamics of Fiscal Policy in Small Open Economies," Other publications TiSEM 0012a555-1a7d-464e-baae-c, Tilburg University, School of Economics and Management.
    16. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.
    17. Keuschnigg, Christian & Kohler, Wilhelm K., 1994. "Commercial Policy and Dynamic Adjustment Under Monopolistic Competition," CEPR Discussion Papers 1037, C.E.P.R. Discussion Papers.
    18. Willenbockel, Dirk, 1999. "Dynamic applied general equilibrium trade policy analysis in the presence of foreign asset cross-ownership," Economic Modelling, Elsevier, vol. 16(3), pages 371-388, August.
    19. Philipp Harms, 2002. "Deregulation and the Current Account," Working Papers 02.07, Swiss National Bank, Study Center Gerzensee.
    20. Keuschnigg, Christian & Kohler, Wilhelm K., 1991. "An intertemporal CGE model for Austria: Model structure and calibration," Discussion Papers, Series II 152, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    21. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    22. Arman Mansoorian & Mohammed Mohsin, 2010. "The Effects of Inflation in a Small Open Economy with Durability in Consumption," Open Economies Review, Springer, vol. 21(2), pages 221-236, April.
    23. Alberto Petrucci, 2004. "Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy," Working Papers 2004.121, Fondazione Eni Enrico Mattei.
    24. Arman Mansoorian & Simon Neaime, 2000. "Habits and Durability in Consumption, and the Effects of Tariff Protection," Open Economies Review, Springer, vol. 11(3), pages 195-204, July.
    25. Fisher, Walter H., 1995. "An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 105-126, February.
    26. Yoshiyasu Ono, 2014. "International Economic Interdependence and Exchange-rate Adjustment under Persistent Stagnation," The Japanese Economic Review, Japanese Economic Association, vol. 65(1), pages 70-92, March.
    27. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.
    28. Ikeda & S., 2000. "Tariffs, Time Preference, and the Current Account under Weakly Nonseparable Preferences," ISER Discussion Paper 0519, Institute of Social and Economic Research, Osaka University.
    29. Fisher, Walter H., 2001. "Current Account Dynamics in a Small Open Economy Model of Status Seeking," Economics Series 107, Institute for Advanced Studies.
    30. Walter H. Fisher, 2004. "Status Preference, Wealth and Dynamics in the Open Economy," German Economic Review, Verein für Socialpolitik, vol. 5(3), pages 335-355, August.
    31. Constantine Angyridis & Arman Mansoorian, 2009. "Monetary Policy in a Small Open Economy with Marshallian Preferences," The Economic Record, The Economic Society of Australia, vol. 85(268), pages 21-31, March.
    32. Mohsin, Mohammed, 2006. "Durability in consumption and the dynamics of the current account," Journal of Economic Dynamics and Control, Elsevier, vol. 30(1), pages 143-162, January.
    33. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2017. "Tariff Reduction and Income Inequality: Some Empirical Evidence," Open Economies Review, Springer, vol. 28(4), pages 603-631, September.
    34. Mansoorian, Arman & Neaime, Simon, 2003. "Durable goods, habits, time preference, and exchange rates," The North American Journal of Economics and Finance, Elsevier, vol. 14(1), pages 115-130, March.
    35. John Fender & Chong K. Yip, 1998. "Tariffs and Exchange Rate Dynamics Redux," Departmental Working Papers _105, Chinese University of Hong Kong, Department of Economics.
    36. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.
    37. Arman Mansoorian & Mohammed Mohsin, 2010. "Inflation Stabilisation with Durable Goods and Endogenous Time Preference," The Economic Record, The Economic Society of Australia, vol. 86(274), pages 342-351, September.
    38. Mansoorian, Arman & Mohsin, Mohammed, 2010. "On the employment, investment, and current account effects of trade liberalizations with durability in consumption," The North American Journal of Economics and Finance, Elsevier, vol. 21(3), pages 228-240, December.
    39. Mansoorian Arman & Neaime Simon, 2002. "Habits And Durability In Consumption And The Effects Of Exchange Rate Policies," International Economic Journal, Taylor & Francis Journals, vol. 16(2), pages 97-114.
    40. Mansoorian, Arman & Mohsin, Mohammed, 2013. "Real asset returns, inflation and activity in a small, open, Cash-in-Advance economy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 234-250.
    41. Dai, Meixing, 1992. "Growth, External Debt Constraints and Budgetary Policies," MPRA Paper 14001, University Library of Munich, Germany.
    42. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.
    43. Arman Mansoorian & Mohammed Mohsin, 2002. "The Employment, Investment and Current Account Effects of Exchange Rate Policies in a Cash-in-Advance Economy," Working Papers 2002_04, York University, Department of Economics.
    44. Philip L. Brock & Stephen J. Turnovsky, 1992. "The Growth and Welfare Consequences of Differential Tariffs With Endogenously-Supplied Capital and Labor," NBER Working Papers 4011, National Bureau of Economic Research, Inc.
    45. Mansoorian, Arman & Michelis, Leo, 2010. "Monetary policy in a small open economy with durable goods and differing cash-in-advance constraints," Economics Letters, Elsevier, vol. 107(2), pages 246-248, May.
    46. Osang, Thomas & Pereira, Alfredo, 1997. "Foreign growth and domestic performance in a small open economy," Journal of International Economics, Elsevier, vol. 43(3-4), pages 499-512, November.

  69. Stephen J. Turnovsky & Vasco d'Orey, 1988. "The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty," NBER Working Papers 2604, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dale Henderson & Ning Zhu, 1990. "Uncertainty and the choice of instruments in a two-country monetary-policy game," Open Economies Review, Springer, vol. 1(1), pages 39-65, February.
    2. Lombardo, Giovanni & Sutherland, Alan, 2004. "Policy instrument choice and non-coordinated monetary in interdependent economies," Discussion Paper Series 1: Economic Studies 2004,03, Deutsche Bundesbank.
    3. Dale W. Henderson & Ning S. Zhu, 1995. "Uncertainty, instrument choice, and the uniqueness of Nash equilibrium: microeconomic and macroeconomic examples," International Finance Discussion Papers 526, Board of Governors of the Federal Reserve System (U.S.).
    4. Joseph Daniels & David VanHoose, 1998. "Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?," Open Economies Review, Springer, vol. 9(3), pages 265-284, July.
    5. Günter Coenen & Giovanni Lombardo & Frank Smets & Roland Straub, 2007. "International Transmission and Monetary Policy Cooperation," NBER Chapters, in: International Dimensions of Monetary Policy, pages 157-192, National Bureau of Economic Research, Inc.
    6. Gambacorta, Leonardo, 2003. "Asymmetric bank lending channels and ECB monetary policy," Economic Modelling, Elsevier, vol. 20(1), pages 25-46, January.
    7. Sutherland, Alan & Lombardo, Giovanni, 2004. "Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies," CEPR Discussion Papers 4257, C.E.P.R. Discussion Papers.
    8. Daniels, Joseph P. & VanHoose, David D., 1995. "Monetary policies in interdependent economies: an open economy explanation for base drift and price-level non-trend-stationarities," Journal of International Money and Finance, Elsevier, vol. 14(2), pages 275-287, April.

  70. Stephen J. Turnovsky, 1987. "Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model," NBER Working Papers 2133, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bianconi, Marcelo, 1995. "Inflation and the real price of equities: Theory with some empirical evidence," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 495-514.
    2. Chang, Wen-ya, 1999. "Government spending, endogenous labor, and capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 23(8), pages 1225-1242, August.

  71. Stephen J. Turnovsky, 1987. "The Gains from Fiscal Cooperation in the Two Commodity Real Trade Model," NBER Working Papers 2466, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jorge Blázquez & José M. Martín-Moreno, 2002. "Capital privado y competencia internacional: la armonización fiscal nunca es suficiente," Investigaciones Economicas, Fundación SEPI, vol. 26(2), pages 359-372, May.
    2. Andersen, Torben M., 2006. "The public sector and international integration," Economics Letters, Elsevier, vol. 93(2), pages 202-209, November.
    3. Emmanuelle Taugourdeau & Abderrahmane Ziad, 2011. "On the existence of Nash equilibria in an asymmetric tax competition game," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00618727, HAL.
    4. Andersen, Torben M. & Sørensen, Allan, 2023. "The interdependencies between the private and public sectors in open economies," European Economic Review, Elsevier, vol. 160(C).
    5. Paolo Epifani & Gino Gancia, 2005. "On Globalization and the Growth of Governments," Working Papers 267, Barcelona School of Economics.
    6. Emmanuelle Taugourdeau & Jean-Pierre Vidal, 2014. "The tax competition game revisited: When leadership may be optimal," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01044913, HAL.
    7. Weichenrieder, Alfons J., 2001. "Public procurement in the presence of capital taxation," Regional Science and Urban Economics, Elsevier, vol. 31(2-3), pages 339-353, April.
    8. Paolo Epifani & Gino Gancia, 2005. "Openness, government size and the terms of trade," Economics Working Papers 915, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2008.
    9. Beetsma, Roel M.W.J. & Jensen, Henrik, 2005. "Monetary and fiscal policy interactions in a micro-founded model of a monetary union," Journal of International Economics, Elsevier, vol. 67(2), pages 320-352, December.
    10. Carmen Díaz-Roldán, 2000. "Coordination Of Fiscal Policies In A Monetary Union," Working Papers 00-09, Asociación Española de Economía y Finanzas Internacionales.
    11. Jay Bryson, 1994. "Macroeconomic stabilization through monetary and fiscal policy coordination: Implications for European Monetary Union," Open Economies Review, Springer, vol. 5(4), pages 307-326, October.
    12. Roel Beetsma & Xavier Debrun & Frank Klaassen, 2001. "Is Fiscal Policy Coordination in EMU Desirable?," CESifo Working Paper Series 599, CESifo.
    13. Holod, Dmytro & Reed, Robert III, 2004. "Regional spillovers, economic growth, and the effects of economic integration," Economics Letters, Elsevier, vol. 85(1), pages 35-42, October.
    14. Torben M. Andersen & Allan Sørensen, 2012. "Globalization, Tax Distortions, and Public‐Sector Retrenchment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 409-439, June.
    15. Andersen, Torben M & Spange, Morten, 2002. "International Interdependencies in Fiscal Stabilization Policies," CEPR Discussion Papers 3580, C.E.P.R. Discussion Papers.
    16. Holmlund, Bertil & Kolm, Ann-Sofie, 1999. "Economic Integration, Imperfect Competition, and International Policy Coordination," Working Paper Series 1999:7, Uppsala University, Department of Economics.
    17. Christian Lambert Nguena & Roger Tsafack Nanfosso, 2013. "On the Sensitivity of Banking Activity Shocks: Evidence from the CEMAC Sub-region," AAYE Policy Research Working Paper Series 13_007, Association of African Young Economists, revised Nov 2013.
    18. Devereux, Michael B. & Min Lee, Khang, 1999. "Endogenous trade policy and the gains from international financial markets," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 35-59, February.
    19. Christian-Lambert Lambert Nguena & Roger Tsafack-Nanfosso, 2014. "On the Sensitivity of Banking Activity to Macroeconomic Shocks: Evidence from CEMAC Sub-region [Sensibilité du Secteur Bancaire aux Chocs Macroéconomiques: Cas de la sous-région CEMAC]," Post-Print halshs-01097850, HAL.
    20. Genser, Bernd, 1988. "Is there a need to coordinate fiscal policy among large industrial countries?," Discussion Papers, Series II 73, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    21. Jungsoo Park & Kang-Oh Yi & Doyoung Kim, 2007. "International Fiscal Coordination under Imperfect Information," Korean Economic Review, Korean Economic Association, vol. 23, pages 303-328.
    22. Willem Buiter & Anne Sibert, 2004. "Cross-Border Tax Externalities: Are Budget Deficits Too Small?," Birkbeck Working Papers in Economics and Finance 0408, Birkbeck, Department of Economics, Mathematics & Statistics.
    23. Andersen, Torben M., 2002. "International Integration, Risk and the Welfare State," IZA Discussion Papers 456, Institute of Labor Economics (IZA).
    24. Buiter, Willem H. & Sibert, Anne C., 2016. "Government deficits in large open economies: The problem of too little public debt," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-39.
    25. Pierre-Richard Agénor & Luiz Awazu Pereira da Silva, 2023. "Global public goods, fiscal policy coordination, and welfare in the world economy," BIS Working Papers 1106, Bank for International Settlements.
    26. Jensen, Henrik, 1996. "The advantage of international fiscal cooperation under alternative monetary regimes," European Journal of Political Economy, Elsevier, vol. 12(3), pages 485-504, November.
    27. Hettig, Thomas & Müller, Gernot J., 2018. "Fiscal policy coordination in currency unions at the effective lower bound," Journal of International Economics, Elsevier, vol. 115(C), pages 80-98.
    28. Andersen, Torben M. & Sorensen, Jan Rose, 1995. "Unemployment and fiscal policy in an economic and monetary union," European Journal of Political Economy, Elsevier, vol. 11(1), pages 27-43, March.
    29. Emmanuelle Taugourdeau, 2002. "Imperfect Competition and Fiscal Policy Transmission in a Two-Country Economy," Open Economies Review, Springer, vol. 13(1), pages 47-71, January.
    30. Andersen, Torben M. & Rasmussen, Bo Sandemann & Sorensen, Jan Rose, 1996. "Optimal fiscal policy in open economies with labour market distortions," Journal of Public Economics, Elsevier, vol. 63(1), pages 103-117, December.

  72. Stephen J. Turnovsky & Tamer Basar & Vasco d'Orey, 1987. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies," NBER Working Papers 2467, National Bureau of Economic Research, Inc.

    Cited by:

    1. VAN AARLE, Bas & DI BARTOLOMEO, Giovanni & ENGWERDA, Jacob & PLASMANS, Joseph, 2002. "Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European economic and monetary Union," Working Papers 2002013, University of Antwerp, Faculty of Business and Economics.
    2. van Aarle, B. & Di Bartolomeo, G. & Engwerda, J.C. & Plasmans, J.E.J., 2002. "Monetary and fiscal policy design in the EMU : An overview," Other publications TiSEM bc75d00d-2309-49a5-ad54-3, Tilburg University, School of Economics and Management.
    3. Giovanni Di Bartolomeo & Debora Di Gioacchino, 2008. "Fiscal-monetary policy coordination and debt management: a two-stage analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(4), pages 433-448, September.
    4. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Non-neutrality of economic policy: An application of the Tinbergen-Theil's approach to a strategic context," Working Papers in Public Economics 82, University of Rome La Sapienza, Department of Economics and Law.
    5. van Aarle, B. & Engwerda, J.C. & Plasmans, J.E.J., 2002. "Monetary and fiscal policy interaction in the EMU : A dynamic game approach," Other publications TiSEM 2a6eddfa-a4f2-4cc9-a352-b, Tilburg University, School of Economics and Management.
    6. Jacob Opolot & Anita Mpagi, 2017. "Inflation Dynamics in Uganda: The role of disequilibria in the money and traded goods markets," Journal of Statistical and Econometric Methods, SCIENPRESS Ltd, vol. 6(1), pages 1-2.
    7. Joseph Daniels & David VanHoose, 1998. "Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?," Open Economies Review, Springer, vol. 9(3), pages 265-284, July.
    8. Edilio Valentini & Paolo Vitale, 2019. "Uncertainty and Risk-aversion in a Dynamic Oligopoly with Sticky Prices," Working Papers 2019.03, Fondazione Eni Enrico Mattei.
    9. Marçal, Emerson Fernandes, 2013. "Exchange rate misalignments, interdependence, crises, and currency wars: an empirical assessment," Textos para discussão 348, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    10. Engwerda, Jacob C. & van Aarle, Bas & Plasmans, Joseph E. J., 2002. "Cooperative and non-cooperative fiscal stabilization policies in the EMU," Journal of Economic Dynamics and Control, Elsevier, vol. 26(3), pages 451-481, March.
    11. Karras Georgios, 1999. "Monetary Policy and the Exchange Rate: The Role of Openness," International Economic Journal, Taylor & Francis Journals, vol. 13(2), pages 75-88.
    12. Vines, David & Wren-Lewis, Simon & Kirsanova, Tatiana, 2006. "Fiscal Policy and Macroeconomic Stability Within a Currency Union," CEPR Discussion Papers 5584, C.E.P.R. Discussion Papers.
    13. Keshab Raj Bhattarai & Sushanta K. Mallick, 2015. "Macroeconomic policy coordination in the global economy: VAR and BVAR-DSGE analyses," EcoMod2015 8610, EcoMod.
    14. Tomasz Michalak & Jacob Engwerda & Joseph Plasmans, 2009. "Strategic Interactions between Fiscal and Monetary Authorities in a Multi-Country New-Keynesian Model of a Monetary Union," CESifo Working Paper Series 2534, CESifo.
    15. Marçal, Emerson Fernandes, 2014. "Desalinhamentos Cambiais, Interdependência, Crises, Guerras cambiais: Uma avaliação empírica," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 68(2), June.
    16. McNelis, Paul D. & Asilis, Carlos M., 2002. "Macroeconomic policy games and asset-price volatility in the EMS: a linear quadratic control analysis of France, Germany, Italy and Spain," Economic Modelling, Elsevier, vol. 19(1), pages 1-24, January.
    17. J.C. Engwerda & B. Aarle & J.E.J. Plasmans, 1999. "The (in)finite horizon open‐loop Nash LQ game:An application to EMU," Annals of Operations Research, Springer, vol. 88(0), pages 251-273, January.
    18. van Aarle, B. & Engwerda, J.C. & Plasmans, J.E.J. & Weeren, A.J.T.M., 1999. "Monetary and Fiscal Policy Design under EMU : A Dynamic Game Approach," Other publications TiSEM 519d7c94-b53c-4156-8023-b, Tilburg University, School of Economics and Management.
    19. McNelis, Paul D. & Asilis, Carlos M., 1995. "Monetary policy games with broad money targets a linear quadratic control analysis of the U.S. and Japan," Journal of Economic Dynamics and Control, Elsevier, vol. 19(5-7), pages 1091-1111.
    20. Peter Mooslechner & Martin Schuerz, 1999. "International Macroeconomic Policy Coordination: Any Lessons for EMU? A Selective Survey of the Literature," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 26(3), pages 171-199, September.
    21. Karras, Georgios, 1999. "Openness and the effects of monetary policy," Journal of International Money and Finance, Elsevier, vol. 18(1), pages 13-26, January.
    22. Reinhard Neck & Engelbert Dockner, 1995. "Commitment and coordination in a dynamic game model of international economic policy-making," Open Economies Review, Springer, vol. 6(1), pages 5-28, January.
    23. Daniels, Joseph P. & VanHoose, David D., 1995. "Monetary policies in interdependent economies: an open economy explanation for base drift and price-level non-trend-stationarities," Journal of International Money and Finance, Elsevier, vol. 14(2), pages 275-287, April.
    24. Baoline Chen and Peter Zadrozny, 2001. "An Anticipative Feedback Solution for Infinite-Horizon Linear-Quadratic Dynamic Stackelberg Games," Computing in Economics and Finance 2001 110, Society for Computational Economics.
    25. Daniels, Joseph, 1997. "Optimal sterilization policies in interdependent economies," Journal of Economics and Business, Elsevier, vol. 49(1), pages 43-60, February.
    26. van Aarle, B. & Di Bartolomeo, G. & Engwerda, J.C. & Plasmans, J.E.J., 2001. "Monetary and fiscal policy design in the EMU using a dynamic game approach : An overview," Other publications TiSEM 355822b0-4ad6-4792-b0d6-7, Tilburg University, School of Economics and Management.

  73. Peter J. Stemp & Stephen J. Turnovsky, 1986. "Optimal Monetary Policy in an Open Economy," NBER Working Papers 2018, National Bureau of Economic Research, Inc.

    Cited by:

    1. Turnovsky, Stephen J & Basar, Tamer & d'Orey, Vasco, 1988. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies," American Economic Review, American Economic Association, vol. 78(3), pages 341-361, June.
    2. Reinhard Neck & Engelbert Dockner, 1995. "Commitment and coordination in a dynamic game model of international economic policy-making," Open Economies Review, Springer, vol. 6(1), pages 5-28, January.

  74. Stephen J. Turnovsky, 1986. "Optimal Tariffs in Consistent Conjectural Variations Equilibrium," NBER Working Papers 1872, National Bureau of Economic Research, Inc.

    Cited by:

    1. Randall Morck & Bernard Yeung & Wayne Yu, 2013. "R-squared and the Economy," NBER Working Papers 19017, National Bureau of Economic Research, Inc.
    2. Holloway, Garth J., 1995. "Conjectural Variations With Fewer Apologies," Working Papers 225880, University of California, Davis, Department of Agricultural and Resource Economics.

  75. Stephen J. Turnovsky & Vasco d'Orey, 1986. "Monetary Policies in Interdependent Economies with Stochastic Disturbances: A Strategic Approach," NBER Working Papers 1824, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dale Henderson & Ning Zhu, 1990. "Uncertainty and the choice of instruments in a two-country monetary-policy game," Open Economies Review, Springer, vol. 1(1), pages 39-65, February.
    2. Hanif, Muhammad N. & Arby, Muhammad Farooq, 2003. "Monetary and Fiscal Policy Coordination," MPRA Paper 10307, University Library of Munich, Germany.
    3. Dale W. Henderson & Ning S. Zhu, 1995. "Uncertainty, instrument choice, and the uniqueness of Nash equilibrium: microeconomic and macroeconomic examples," International Finance Discussion Papers 526, Board of Governors of the Federal Reserve System (U.S.).
    4. Joseph Daniels & David VanHoose, 1998. "Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?," Open Economies Review, Springer, vol. 9(3), pages 265-284, July.
    5. Turnovsky, Stephen J. & d'Orey, Vasco, 1989. "The choice of monetary instrument in two interdependent economies under uncertainty," Journal of Monetary Economics, Elsevier, vol. 23(1), pages 121-133, January.
    6. Hui, George W. L., 1995. "Flexible exchange rates, capital mobility, and monetary instruments of asymmetric economies," International Review of Economics & Finance, Elsevier, vol. 4(2), pages 149-169.
    7. Stephen J. Turnovsky, 1987. "The Gains from Fiscal Cooperation in the Two Commodity Real Trade Model," NBER Working Papers 2466, National Bureau of Economic Research, Inc.
    8. Willem H. Buiter, 1985. "Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies," NBER Working Papers 1746, National Bureau of Economic Research, Inc.
    9. McNelis, Paul D. & Asilis, Carlos M., 2002. "Macroeconomic policy games and asset-price volatility in the EMS: a linear quadratic control analysis of France, Germany, Italy and Spain," Economic Modelling, Elsevier, vol. 19(1), pages 1-24, January.
    10. McNelis, Paul D. & Asilis, Carlos M., 1995. "Monetary policy games with broad money targets a linear quadratic control analysis of the U.S. and Japan," Journal of Economic Dynamics and Control, Elsevier, vol. 19(5-7), pages 1091-1111.
    11. Peter Mooslechner & Martin Schuerz, 1999. "International Macroeconomic Policy Coordination: Any Lessons for EMU? A Selective Survey of the Literature," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 26(3), pages 171-199, September.
    12. Daniels, Joseph P. & VanHoose, David D., 1995. "Monetary policies in interdependent economies: an open economy explanation for base drift and price-level non-trend-stationarities," Journal of International Money and Finance, Elsevier, vol. 14(2), pages 275-287, April.

  76. Stephen J. Turnovsky, 1986. "Optimal Monetary Policy and Wage Indexation Under Alternative Disturbances and Information Structures," NBER Working Papers 2042, National Bureau of Economic Research, Inc.

    Cited by:

    1. Peter J. Stemp, 1991. "Optimal Weights in a Check‐List of Monetary Indicators," The Economic Record, The Economic Society of Australia, vol. 67(1), pages 1-13, March.
    2. Richard T. Froyen & Alfred V. Guender, 2012. "Instrument versus Target Rules As Specifications of Optimal Monetary Policy," International Finance, Wiley Blackwell, vol. 15(1), pages 99-123, April.
    3. Romeo M. BAUTISTA, 1998. "Effects Of Domestic Policies And External Factors On Agricultural Prices: Cassava And Soybeans In Indonesia," The Developing Economies, Institute of Developing Economies, vol. 36(2), pages 155-177, June.
    4. Taylor, Mark & Sarno, Lucio, 2001. "Official Intervention in the Foreign Exchange Market: Is It Effective, and, If So, How Does It Work?," CEPR Discussion Papers 2690, C.E.P.R. Discussion Papers.
    5. Richard T. Froyen & Alfred Guender, 2011. "Instrument Versus Target Rules As Specifications of Optimal Monetary Policy: What are the Issues, If Any?," Working Papers in Economics 11/20, University of Canterbury, Department of Economics and Finance.
    6. Bindseil, Ulrich, 1997. "Die Stabilisierungswirkungen von Mindestreserven," Discussion Paper Series 1: Economic Studies 1997,01, Deutsche Bundesbank.
    7. Ernst Fehr & Franz Hof, 1994. "Wage bargaining and shock sensitivity of a small open economy," Journal of Economics, Springer, vol. 59(3), pages 259-286, October.

  77. Stephen J. Turnovsky, 1986. "Supply Shocks and Optimal Monetary Policy," NBER Working Papers 1988, National Bureau of Economic Research, Inc.

    Cited by:

    1. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    2. Robert Rennhack, 1991. "La Conducción de la Política Monetaria," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 28(83), pages 11-20.
    3. Juan Carlos Castañeda & Carlos Eduardo Castillo, 2005. "Supply Shocks in the Transition Towards an Inflation Targeting Reform: an Empirical Evidence for Guatemala," Working Papers Central Bank of Chile 354, Central Bank of Chile.

  78. Stephen J. Turnovsky, 1986. "Optimal Monetary Growth with Accomodating Fiscal Policy in a Small Open Economy," NBER Working Papers 2084, National Bureau of Economic Research, Inc.

    Cited by:

    1. Turnovsky, Stephen J. & Grinols, Earl, 1996. "Optimal government finance policy and exchange rate management in a stochastically growing open economy," Journal of International Money and Finance, Elsevier, vol. 15(5), pages 687-716, October.
    2. Pierre Villa, 1991. "Règles de taux d'intérêt en changes flexibles et en présence de chocs permanents," Revue Économique, Programme National Persée, vol. 42(5), pages 867-900.
    3. Peter J. Stemp, 1991. "Optimal Weights in a Check‐List of Monetary Indicators," The Economic Record, The Economic Society of Australia, vol. 67(1), pages 1-13, March.
    4. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2002. "Anticipated foreign military threat, arms accumulation, and the current account in a small open economy," Journal of International Money and Finance, Elsevier, vol. 21(7), pages 1035-1052, December.
    5. Yazmín V. Soriano-Morales & Francisco Venegas-Martínez & Benjamín Vallejo-Jiménez, 2015. "Determination of the equilibrium expansion rate of money when money supply is driven by a time-homogeneous Markov modulated jump diffusion process," Economics Bulletin, AccessEcon, vol. 35(4), pages 2074-2084.

  79. Richard C. Marston & Stephen J. Turnovsky, 1985. "Macroeconomic Stabilization Through Taxation and Indexation: The use ofFirm-Specific Information," NBER Working Papers 1586, National Bureau of Economic Research, Inc.

    Cited by:

    1. Joshua Aizenman & Jacob A. Frenkel, 1986. "Sectorial Wages and the Real Exchange Rate," NBER Working Papers 1801, National Bureau of Economic Research, Inc.
    2. Patrick Artus, 1987. "Salaire réel et emploi," Revue Économique, Programme National Persée, vol. 38(3), pages 625-660.

  80. Stephen J. Turnovsky, 1985. "Short-Term and Long-Term Interest Rates in a Monetary Model of a Small Open Economy," NBER Working Papers 1716, National Bureau of Economic Research, Inc.

    Cited by:

    1. Antoine Bouveret & Bruno Ducoudre, 2007. "On the Contingency of Equilibrium Exchange Rates with Time - Consistent Economic Policies," Working Papers hal-01066080, HAL.
    2. Offick Sven & Wohltmann Hans-Werner, 2016. "Partially Anticipated Monetary Policy Shocks – Are They Stabilizing or Destabilizing?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 236(1), pages 95-127, February.
    3. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash‐in‐advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(2), pages 336-352, May.
    4. Pierre-Richard Agénor & Jagdeep S. Bhandari & Robert P. Flood, 1992. "Speculative Attacks and Models of Balance of Payments Crises," IMF Staff Papers, Palgrave Macmillan, vol. 39(2), pages 357-394, June.
    5. Fisher, Walter H., 1995. "An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 105-126, February.
    6. Walter Fisher, 2000. "The Term Structure of Interest Rates in a Small Open Economy: A Stochastic Analysis," Open Economies Review, Springer, vol. 11(3), pages 261-278, July.
    7. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash-in-advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics, Canadian Economics Association, vol. 37(2), pages 336-352, May.
    8. Kempa, Bernd & Nelles, Michael & Pierdzioch, Christian, 1999. "The term structure of interest rates in a sticky-price target zone model," Journal of International Money and Finance, Elsevier, vol. 18(5), pages 817-834, October.
    9. Steve Ambler, 1988. "Fiscal and monetary policy in an open economy with staggered wages," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 124(1), pages 58-73, March.
    10. Arman Mansoorian & Mohammed Mohsin, 2002. "The Employment, Investment and Current Account Effects of Exchange Rate Policies in a Cash-in-Advance Economy," Working Papers 2002_04, York University, Department of Economics.

  81. Robert B. Campbell & Stephen J. Turnovsky, 1985. "An Analysis of the Stabilizing and Welfare Effects of Intervention in Spot and Futures Markets," NBER Working Papers 1698, National Bureau of Economic Research, Inc.

    Cited by:

    1. Innes, Robert, 1987. "Government Target Price Intervention in Economies with Incomplete Markets: Welfare and Distribution," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270102, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Umar, Muhammad & Su, Chi-Wei & Rizvi, Syed Kumail Abbas & Lobonţ, Oana-Ramona, 2021. "Driven by fundamentals or exploded by emotions: Detecting bubbles in oil prices," Energy, Elsevier, vol. 231(C).

  82. Stephen J. Turnovsky, 1985. "Monetary and Fiscal Policy Under Perfect Foresight: A Symmetric Two Country Analysis," NBER Working Papers 1699, National Bureau of Economic Research, Inc.

    Cited by:

    1. Clausen, Volker & Wohltmann, Hans-Werner, 2005. "Monetary and Fiscal Policy in a Large Asymmetric Monetary Union - A Dynamic Three-Country Analysis," Economics Working Papers 2005-18, Christian-Albrechts-University of Kiel, Department of Economics.
    2. Wohltmann, Hans-Werner, 2005. "Dynamische Effekte der Geld-und Fiskalpolitik in einem asymmetrischen Drei-Länder-Modell mit einer Währungsunion," Economics Working Papers 2005-19, Christian-Albrechts-University of Kiel, Department of Economics.
    3. Zervoyianni, Athina, 1996. "Product-market openness and dynamic responses to exogenous shocks and policies in a two-country, two-goods model," International Review of Economics & Finance, Elsevier, vol. 5(3), pages 269-290.
    4. van der Ploeg, Frederick, 1987. "International Interdependence and Policy Coordination in Economies with Real and Nominal Wage Rigidity," CEPR Discussion Papers 217, C.E.P.R. Discussion Papers.
    5. 深尾, 京司 & Fukao, Kyoji & フカオ, キョウジ, 2002. "黒字大国終焉論の誤解," Discussion Paper 97, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    6. Caroline Schmidt, 2006. "International transmission effects of monetary policy shocks: can asymmetric price setting explain the stylized facts?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 11(3), pages 205-218.
    7. C. P. Barros & João Ricardo Faria & Luis A. Gil-Alana, 2017. "The demand for money in Angola," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(2), pages 408-420, April.
    8. Clausen, Volker & Wohltmann, Hans-Werner, 2005. "Monetary and fiscal policy dynamics in an asymmetric monetary union," Journal of International Money and Finance, Elsevier, vol. 24(1), pages 139-167, February.
    9. Turnovsky, Stephen J & Basar, Tamer & d'Orey, Vasco, 1988. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies," American Economic Review, American Economic Association, vol. 78(3), pages 341-361, June.
    10. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Oil Price Shocks and Currency Denomination," Economics Working Papers 2005-10, Christian-Albrechts-University of Kiel, Department of Economics.
    11. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Dynamic Effects of Raw Materials Price Shocks for Large Oil-Dependent Economies," Economics Working Papers 2005-01, Christian-Albrechts-University of Kiel, Department of Economics.
    12. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Monetary Policy Dynamics in Large Oil-Dependent Economies," Economics Working Papers 2005-17, Christian-Albrechts-University of Kiel, Department of Economics.

  83. Stephen J. Turnovsky, 1984. "Exchange Market Intervention Under Alternative Forms of Exogenous Disturbances," NBER Working Papers 1289, National Bureau of Economic Research, Inc.

    Cited by:

    1. Pierre Villa, 1991. "Règles de taux d'intérêt en changes flexibles et en présence de chocs permanents," Revue Économique, Programme National Persée, vol. 42(5), pages 867-900.
    2. Peter J. Stemp, 1991. "Optimal Weights in a Check‐List of Monetary Indicators," The Economic Record, The Economic Society of Australia, vol. 67(1), pages 1-13, March.
    3. Turnovsky, Stephen J. & d'Orey, Vasco, 1989. "The choice of monetary instrument in two interdependent economies under uncertainty," Journal of Monetary Economics, Elsevier, vol. 23(1), pages 121-133, January.
    4. Lee, Hsiu-Yun, 2011. "Nonlinear exchange rate dynamics under stochastic official intervention," Economic Modelling, Elsevier, vol. 28(4), pages 1510-1518, July.
    5. Keith Pilbeam, 2004. "The stabilization properties of fixed and floating exchange rate regimes," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 113-123.

  84. Stephen J. Turnovsky, 1984. "Domestic and Foreign Disturbances in an Optimizing Model of Exchange- Rate Determination," NBER Working Papers 1407, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lemoine, Matthieu & Lindé, Jesper, 2016. "Fiscal Consolidation Under Imperfect Credibility," Working Paper Series 322, Sveriges Riksbank (Central Bank of Sweden).
    2. Yusuf Soner Başkaya & Timur Hülagü & Hande Küçük, 2013. "Oil Price Uncertainty in a Small Open Economy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(1), pages 168-198, April.
    3. Christopher J. Erceg & Luca Guerrieri & Christopher J. Gust, 2006. "Trade adjustment and the composition of trade," International Finance Discussion Papers 859, Board of Governors of the Federal Reserve System (U.S.).
    4. De Paoli, Bianca & Küçük-Tuger, Hande & Søndergaard, Jens, 2010. "Monetary policy rules and foreign currency positions," LSE Research Online Documents on Economics 121699, London School of Economics and Political Science, LSE Library.
    5. van de Klundert, T.C.M.J. & van der Ploeg, F., 1989. "Wage rigidity and capital mobility in an optimizing model of a small open economy," Other publications TiSEM e4d40766-3400-44f7-b56c-2, Tilburg University, School of Economics and Management.
    6. Matteo Cacciatore & Fabio Ghironi & Stephen J. Turnovsky, 2015. "Inflation Targeting and Economic Reforms in New Zealand," International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 145-198, September.
    7. Bianca De Paoli, 2009. "Monetary Policy under Alternative Asset Market Structures: The Case of a Small Open Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(7), pages 1301-1330, October.
    8. Matteo Cacciatore & Romain Duval & Giuseppe Fiori & Fabio Ghironi, 2015. "Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies," NBER Working Papers 21784, National Bureau of Economic Research, Inc.
    9. J. Boscá & A. Díaz & R. Doménech & J. Ferri & E. Pérez & L. Puch, 2010. "A rational expectations model for simulation and policy evaluation of the Spanish economy," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 1(1), pages 135-169, March.
    10. Lindé, Jesper & Pescatori, Andrea, 2018. "The Macroeconomic Effects of Trade Tariffs: Revisiting the Lerner Symmetry Result," Working Paper Series 363, Sveriges Riksbank (Central Bank of Sweden).
    11. Christopher J. Gust & Nathan Sheets, 2006. "The Adjustment of Global External Imbalances: Does Partial Exchange Rate Pass-Through to Trade Prices Matter?," International Finance Discussion Papers 850, Board of Governors of the Federal Reserve System (U.S.).
    12. Ghironi, Fabio, 2008. "The role of net foreign assets in a New Keynesian small open economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1780-1811, June.
    13. Cacciatore, Matteo & Fiori, Giuseppe & Ghironi, Fabio, 2016. "Market deregulation and optimal monetary policy in a monetary union," Journal of International Economics, Elsevier, vol. 99(C), pages 120-137.
    14. Christopher Erceg & Christopher Gust & David López-Salido, 2007. "The Transmission of Domestic Shocks in Open Economies," NBER Chapters, in: International Dimensions of Monetary Policy, pages 89-148, National Bureau of Economic Research, Inc.
    15. Martin Bodenstein & Christopher J. Erceg & Luca Guerrieri, 2017. "The effects of foreign shocks when interest rates are at zero," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(3), pages 660-684, August.
    16. Heng-fu Zou, 1997. "Dynamic analysis in the Viner model of mercantilism," CEMA Working Papers 100, China Economics and Management Academy, Central University of Finance and Economics.
    17. Xiaoyong Cui & Liutang Gong & Ziguan Zhuang, 2008. "Macroeconomic Policies and Foreign Asset Accumulation in a Finite-Horizon Model," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 293-313, November.
    18. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    19. Murota, Ryu-ichiro, 2022. "The effect of a decline in the world real interest rate on a small open economy experiencing persistent stagnation," Economics Letters, Elsevier, vol. 216(C).
    20. Cacciatore, Matteo & Ghironi, Fabio & Lee, Yurim, 2016. "Financial market integration, exchange rate policy, and the dynamics of business and employment in Korea," Journal of the Japanese and International Economies, Elsevier, vol. 42(C), pages 79-99.
    21. Cacciatore, Matteo & Duval, Romain & Furceri, Davide & Zdzienicka, Aleksandra, 2021. "Fiscal multipliers and job-protection regulation," European Economic Review, Elsevier, vol. 132(C).
    22. Ghironi, Fabio & Iscan, Talan B. & Rebucci, Alessandro, 2008. "Net foreign asset positions and consumption dynamics in the international economy," Journal of International Money and Finance, Elsevier, vol. 27(8), pages 1337-1359, December.
    23. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    24. Matteo Cacciatore, 2012. "International Trade and Macroeconomic Dynamics with Labor Market Frictions," 2012 Meeting Papers 875, Society for Economic Dynamics.
    25. Naknoi, Kanda, 2008. "Real exchange rate fluctuations, endogenous tradability and exchange rate regimes," Journal of Monetary Economics, Elsevier, vol. 55(3), pages 645-663, April.
    26. Ana Santacreu & Ilian Mihov, 2013. "Exchange rates as an instrument of monetary policy," 2013 Meeting Papers 773, Society for Economic Dynamics.
    27. Nuntramas, Phacharaphot, 2011. "Revisiting the consumption-real exchange rate anomaly in a model with non-traded goods," Journal of International Money and Finance, Elsevier, vol. 30(3), pages 428-447, April.
    28. Erceg, Christopher J. & Lindé, Jesper, 2013. "Fiscal consolidation in a currency union: Spending cuts vs. tax hikes," Journal of Economic Dynamics and Control, Elsevier, vol. 37(2), pages 422-445.
    29. Jyh-Lin Wu, 1994. "Fiscal announcements and real exchange rate dynamics," Open Economies Review, Springer, vol. 5(2), pages 177-190, March.
    30. Ghironi, Fabio & Cacciatore, Matteo, 2020. "Trade, Unemployment, and Monetary Policy," CEPR Discussion Papers 14952, C.E.P.R. Discussion Papers.
    31. Christopher J. Erceg & Jesper Lindé, 2011. "Asymmetric Shocks in a Currency Union with Monetary and Fiscal Handcuffs," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 95-136.
    32. International Monetary Fund, 2005. "Net Foreign Asset Positions and Consumption Dynamics in the International Economy," IMF Working Papers 2005/082, International Monetary Fund.
    33. Erceg, Christopher & Guerriei, Luca & Gust, Christopher, 2006. "SIGMA: A New Open Economy Model for Policy Analysis," MPRA Paper 813, University Library of Munich, Germany.
    34. Christopher J. Erceg & Christopher Gust & David López-Salido, 2007. "The Transmission of Domestic Shocks in the Open Economy," NBER Working Papers 13613, National Bureau of Economic Research, Inc.
    35. Cacciatore, Matteo & Duval, Romain & Fiori, Giuseppe & Ghironi, Fabio, 2016. "Market reforms in the time of imbalance," Journal of Economic Dynamics and Control, Elsevier, vol. 72(C), pages 69-93.
    36. Grinols, E. & Turnovsky, S.J., 1991. "Stochastic Equilibrium and Exchange Rate Determination a Small Open Economy with Risk Averse Optimizing Agents," Working Papers 91-21, University of Washington, Department of Economics.
    37. Ghironi, Fabio & Barattieri, Alessandro & Cacciatore, Matteo, 2018. "Protectionism and the Business Cycle," CEPR Discussion Papers 12693, C.E.P.R. Discussion Papers.
    38. Vladimir V. Dashkeev & Stephen J. Turnovsky, 2023. "Tax systems and public borrowing limits in a fiscal union," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 351-395, April.
    39. Ozhan, Galip Kemal, 2020. "Financial intermediation, resource allocation, and macroeconomic interdependence," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 265-278.
    40. Alberto Petrucci, 2004. "Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy," Working Papers 2004.121, Fondazione Eni Enrico Mattei.
    41. Alho, Kari, . "Analysis of Financial Markets and Central Bank Policy in the Flow-of-Funds Framework. An Application to the Case of Finland," ETLA A, The Research Institute of the Finnish Economy, number 12, June.
    42. Agenor, Pierre-Richard, 2001. "Employment effects of stabilization policies," European Journal of Political Economy, Elsevier, vol. 17(4), pages 853-875, November.
    43. Walter H. Fisher, 2004. "Status Preference, Wealth and Dynamics in the Open Economy," German Economic Review, Verein für Socialpolitik, vol. 5(3), pages 335-355, August.
    44. Jonas Heipertz & Ilian Mihov & Ana Maria Santacreu, 2017. "Managing Macroeconomic Fluctuations with Flexible Exchange Rate Targeting," Working Papers 2017-028, Federal Reserve Bank of St. Louis, revised 16 Jan 2022.
    45. Bodenstein, Martin & Erceg, Christopher J. & Guerrieri, Luca, 2011. "Oil shocks and external adjustment," Journal of International Economics, Elsevier, vol. 83(2), pages 168-184, March.
    46. Wen‐Ya Chang & Hsueh‐Fang Tsai & Wen‐Fang Liu, 1998. "Effects of Government Spending on the Current Account with Endogenous Time Preference," Southern Economic Journal, John Wiley & Sons, vol. 64(3), pages 728-740, January.
    47. Agenor, Pierre-Richard, 1998. "Wage Contracts, Capital Mobility, and Macroeconomic Policy," Journal of Macroeconomics, Elsevier, vol. 20(1), pages 1-26, January.
    48. Bulut Levent, 2011. "External Debts and Current Account Adjustments," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-53, December.
    49. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.
    50. Cole, Alexandre Lucas & Guerello, Chiara & Traficante, Guido, 2023. "Government debt deleveraging in the EMU," International Economics, Elsevier, vol. 173(C), pages 296-324.
    51. Agenor, Pierre-Richard, 1998. "Capital inflows, external shocks, and the real exchange rate," Journal of International Money and Finance, Elsevier, vol. 17(5), pages 713-740, October.
    52. Threemonkong, Attapol, 1992. "An intertemporal-optimizing general equilibrium model of exchange rates and external imbalances," ISU General Staff Papers 1992010108000012961, Iowa State University, Department of Economics.
    53. Bodenstein, Martin & Guerrieri, Luca & Gust, Christopher J., 2013. "Oil shocks and the zero bound on nominal interest rates," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 941-967.
    54. Mr. Jiaqian Chen & Ms. Era Dabla-Norris & Carlos Goncalves & Zoltan Jakab & Jesper Lindé, 2023. "Can Fiscal Consolidation help Central Banks Fight Inflation?," IMF Working Papers 2023/260, International Monetary Fund.
    55. Emmanuel K. K. Lartey, 2008. "Capital Inflows, Dutch Disease Effects, and Monetary Policy in a Small Open Economy," Review of International Economics, Wiley Blackwell, vol. 16(5), pages 971-989, November.
    56. Dennis Bonam & Emmanuel De Veirman & Gavin Goy, 2020. "Should developed economies manage international capital flows?," Working Papers 702, DNB.
    57. Alessandro Barattieri, 2011. "Comparative Advantage, Service Trade, and Global Imbalances," Cahiers de recherche 1134, CIRPEE.
    58. Lex Meijdam & Rudy Stratum, 1990. "Dynamic adjustment and debt accumulation in a small open economy," Journal of Economics, Springer, vol. 51(1), pages 1-26, February.
    59. Dashkeev, Vladimir V & Turnovsky, Stephen J, 2018. "Balanced-budget rules and risk-sharing in a fiscal union," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 277-298.
    60. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2002. "Anticipated foreign military threat, arms accumulation, and the current account in a small open economy," Journal of International Money and Finance, Elsevier, vol. 21(7), pages 1035-1052, December.
    61. Turnovsky, Stephen J., 1987. "Optimal monetary growth with accommodating fiscal policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 6(2), pages 179-193, June.
    62. Samya Beidas-Strom & Marco Lorusso, 2019. "Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK," IMF Working Papers 2019/214, International Monetary Fund.
    63. Daniels, Joseph, 1997. "Optimal sterilization policies in interdependent economies," Journal of Economics and Business, Elsevier, vol. 49(1), pages 43-60, February.

  85. Richard C. Marston & Stephen J. Turnovsky, 1983. "Imported Materials Prices, Wage Policy, and Macroeconomic Stabilization," NBER Working Papers 1254, National Bureau of Economic Research, Inc.

    Cited by:

    1. Richard C. Marston, 1990. "Systematic Movements in Real Exchange Rates in the G-5: Evidence on theIntegration of Internal and External Markets," NBER Working Papers 3332, National Bureau of Economic Research, Inc.
    2. William H. Branson, 1986. "Stabilization, Stagflation, and Investment Incentives: The Case of Kenya, 1979-1980," NBER Chapters, in: Economic Adjustment and Exchange Rates in Developing Countries, pages 267-294, National Bureau of Economic Research, Inc.
    3. Guender, Alfred V. & Tam, Julie, 2004. "On the performance of nominal income targeting as a strategy for monetary policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 23(2), pages 143-163, March.
    4. Mr. Joshua Aizenman, 1992. "Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment," IMF Working Papers 1992/020, International Monetary Fund.
    5. Joshua Aizenman, 1991. "Foreign Direct Investment, Productive Capacity and Exchange Rate Regimes," NBER Working Papers 3767, National Bureau of Economic Research, Inc.
    6. Ramon Moreno, 1999. "Depreciation and recessions in East Asia," Economic Review, Federal Reserve Bank of San Francisco, pages 27-40.
    7. Prywes, Menahem, 1989. "Linking wages to changing output prices : an empirical study of 13 industrial countries," Policy Research Working Paper Series 187, The World Bank.
    8. Han, Han Soo, 1990. "The theoretical input-output system with flexible technological coefficients based on the two-stage level CES-type production function," ISU General Staff Papers 1990010108000010500, Iowa State University, Department of Economics.
    9. Richard C. Marston, 1986. "Real Exchange Rates and Productivity Growth in the United States and Japan," NBER Working Papers 1922, National Bureau of Economic Research, Inc.

  86. Jonathan Eaton & Stephen J. Turnovsky, 1983. "The Forward Exchange Market, Speculation, and Exchange Market Intervention," NBER Working Papers 1138, National Bureau of Economic Research, Inc.

    Cited by:

    1. Weymark, Diana N, 1997. "Measuring the degree of exchange market intervention in a small open economy," Journal of International Money and Finance, Elsevier, vol. 16(1), pages 55-79, February.
    2. Zapatero, Fernando & Reverter, Luis F., 2003. "Exchange rate intervention with options," Journal of International Money and Finance, Elsevier, vol. 22(2), pages 289-306, April.
    3. Patricio Mujica, 1988. "Políticas de Tipo de Cambio: Un Modelo de Tres Países," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 25(75), pages 197-214.
    4. Weymark, Diana N., 1995. "Estimating exchange market pressure and the degree of exchange market intervention for Canada," Journal of International Economics, Elsevier, vol. 39(3-4), pages 273-295, November.
    5. Eaton, Jonathan, 1982. "Optimal and Time Consistent Exchange Rate Management in an Overlapping Generations Economy," Center Discussion Papers 321320, Yale University, Economic Growth Center.
    6. Hui-Kuan Tseng, 1998. "Exchange Rate Variability and Exchange Market Intervention: Spot vs. Forward," International Economic Journal, Taylor & Francis Journals, vol. 12(2), pages 1-16.
    7. Lin, Hwan C., 2008. "Forward-rate target zones and exchange rate dynamics," Journal of International Money and Finance, Elsevier, vol. 27(5), pages 831-846, September.
    8. Nikhil Patel & Paolo Cavllino, 2019. "FX intervention: goals, strategies and tactics," BIS Papers chapters, in: Bank for International Settlements (ed.), Reserve management and FX intervention, volume 104, pages 25-44, Bank for International Settlements.
    9. Suh, Sangwon & Zapatero, Fernando, 2008. "A class of quadratic options for exchange rate stabilization," Journal of Economic Dynamics and Control, Elsevier, vol. 32(11), pages 3478-3501, November.

  87. Stephen J. Turnovsky, 1983. "Wage Indexation and Exchange Market Intervention in a Small Open Economy," NBER Working Papers 1170, National Bureau of Economic Research, Inc.

    Cited by:

    1. Martin F. J. Prachowny, 1986. "Managed Exchange Rates," The Economic Record, The Economic Society of Australia, vol. 62(4), pages 442-450, December.
    2. Mayes, David G. & Vilmunen, Jouko, 1999. "Unemployment in a small open economy: Finland and New Zealand," Bank of Finland Research Discussion Papers 10/1999, Bank of Finland.
    3. Engel, Charles, 2001. "Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 518-541, May.
    4. Guender, Alfred V., 2008. ""Leaning with the wind"? An open-economy example," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 941-964, September.
    5. Kim Kyung Soo, 2000. "Foreign Exchange Intervention For Internal Balance," International Economic Journal, Taylor & Francis Journals, vol. 14(4), pages 59-75.
    6. Michael Devereux & Charles Engel, 2000. "The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production," Discussion Papers in Economics at the University of Washington 0022, Department of Economics at the University of Washington.
    7. Kotilainen, Markku, . "Exchange Rate Unions: A Comparison with Currency Basket and Floating Rate Regimes," ETLA A, The Research Institute of the Finnish Economy, number 21, June.
    8. Peter J. Stemp, 1991. "Optimal Weights in a Check‐List of Monetary Indicators," The Economic Record, The Economic Society of Australia, vol. 67(1), pages 1-13, March.
    9. Robert P. Flood & Robert J. Hodrick, 1985. "Real Aspects of Exchange Rate Regime Choice with Collapsing Fixed Rates," NBER Working Papers 1603, National Bureau of Economic Research, Inc.
    10. Alfred V. Guender, 2002. "On discretion versus commitment and the role of the direct exchange rate channel in a forward-looking open economy model," Pacific Basin Working Paper Series 2002-04, Federal Reserve Bank of San Francisco.
    11. Kilponen, Juha & Mayes, David & Vilmunen, Jouko, 1999. "Labour Market Flexibility in Northern Europe," ERSA conference papers ersa99pa088, European Regional Science Association.
    12. Esteban Jadresic, 2002. "The Macroeconomic COnsequences of Wage Indexation Revisited," Central Banking, Analysis, and Economic Policies Book Series, in: Fernando Lefort & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Serie (ed.),Indexation, Inflation and Monetary Policy, edition 1, volume 2, chapter 8, pages 207-258, Central Bank of Chile.
    13. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1992. "Stabilization policy in multi-country models," Discussion Papers, Series II 170, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    14. Guender, Alfred V. & Tam, Julie, 2004. "On the performance of nominal income targeting as a strategy for monetary policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 23(2), pages 143-163, March.
    15. Michael B. Devereux & Charles Engel, 1998. "Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime," NBER Working Papers 6867, National Bureau of Economic Research, Inc.
    16. Joshua Aizenman, 1988. "Monopolistic Competition and Labor Market Adjustment in the Open Economy," NBER Chapters, in: Misalignment of Exchange Rates: Effects on Trade and Industry, pages 169-194, National Bureau of Economic Research, Inc.
    17. Richard T. Froyen & Alfred V. Guender, 2021. "The Mundellian trilemma and optimal monetary policy in a world of high capital mobility," CAMA Working Papers 2021-64, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    18. Mr. Joshua Aizenman, 1992. "Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment," IMF Working Papers 1992/020, International Monetary Fund.
    19. Joshua Aizenman, 1991. "Foreign Direct Investment, Productive Capacity and Exchange Rate Regimes," NBER Working Papers 3767, National Bureau of Economic Research, Inc.
    20. Pertti Haaparanta, 1986. "Real and Relative Wage Rigidities: Wage Indexation in the Open Economy Staggered Contracts Model," WIDER Working Paper Series wp-1986-007, World Institute for Development Economic Research (UNU-WIDER).
    21. Mr. Esteban Jadresic, 1998. "The Macroeconomic Consequences of Wage Indexation Revisited," IMF Working Papers 1998/015, International Monetary Fund.
    22. Esteban Jadresic, 1998. "The Macroeconomic Consequences of Wage Indexation Revisited," Working Papers Central Bank of Chile 35, Central Bank of Chile.
    23. Christian Broda, 2002. "Terms of trade and exchange rate regimes in developing countries," Staff Reports 148, Federal Reserve Bank of New York.
    24. Jose A. Lopez & Mark M. Spiegel, 2002. "Financial structure and macroeconomic performance over the short and long run," Pacific Basin Working Paper Series 2002-05, Federal Reserve Bank of San Francisco.
    25. Broda, Christian, 2004. "Terms of trade and exchange rate regimes in developing countries," Journal of International Economics, Elsevier, vol. 63(1), pages 31-58, May.

  88. Jonathan Eaton & Stephen J. Turnovsky, 1982. "Covered Interest Parity, Uncovered Interest Parity, and Exchange Rate Dynamics," NBER Working Papers 0984, National Bureau of Economic Research, Inc.

    Cited by:

    1. Turnovsky, Stephen J., 1985. "Domestic and foreign disturbances in an optimizing model of exchange-rate determination," Journal of International Money and Finance, Elsevier, vol. 4(1), pages 151-171, March.
    2. Jon Faust & John H. Rogers, 1999. "Monetary policy's role in exchange rate behavior," International Finance Discussion Papers 652, Board of Governors of the Federal Reserve System (U.S.).
    3. Zervoyianni, Athina, 1996. "Product-market openness and dynamic responses to exogenous shocks and policies in a two-country, two-goods model," International Review of Economics & Finance, Elsevier, vol. 5(3), pages 269-290.
    4. Vitaly Orlov, 2018. "Solvency Risk Premia and the Carry Trades," Working Papers on Finance 1802, University of St. Gallen, School of Finance.
    5. Otavio De Medeiros, 2005. "Order Flow and Exchange Rate Dynamics in Brazil," Finance 0503019, University Library of Munich, Germany.
    6. Pavel Trunin & Sergey Narkevich, 2013. "Prospects for the Russian Ruble to Become Regional Reserve Currency," Working Papers 118, Gaidar Institute for Economic Policy, revised 2015.
    7. Diego Alejandro Martínez Cruz & José Fernando Moreno Gutiérrez & Juan Sebastián Rojas Moreno, 2015. "Evolución de la relación entre bonos locales y externos del gobierno colombiano frente a choques de riesgo," Borradores de Economia 14112, Banco de la Republica.
    8. Jacek B. Krawczyk & Vladimir P. Petkov, 2022. "A Qualitative Game of Interest Rate Adjustments with a Nuisance Agent," Games, MDPI, vol. 13(5), pages 1-24, August.
    9. Peter G. Szilagyi & Jonathan A. Batten, 2006. "Arbitrage, Covered Interest Parity and Long-Term Dependence between the US Dollar and the Yen," The Institute for International Integration Studies Discussion Paper Series iiisdp128, IIIS.
    10. Papell, David H, 1986. "Exchange Rate and Current Account Dynamics under Rational Expectations: An Econometric Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(3), pages 583-600, October.
    11. Narkevich, Siarhei & Trunin, Pavel, 2013. "Prospects for the Russian Ruble as a Regional Reserve Currency," Published Papers dok2, Russian Presidential Academy of National Economy and Public Administration.
    12. Papell, David H., 1997. "Cointegration and exchange rate dynamics," Journal of International Money and Finance, Elsevier, vol. 16(3), pages 445-459, June.
    13. Sergey Narkevich & Pavel Trunin, 2012. "Reserve Currencies: Factors of Evolution and their Role in the World Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 162P.
    14. Diego Alejandro Martínez Cruz & José Fernando Moreno Gutiérrez & Juan Sebastián Rojas Moreno, 2015. "Evolución de la relación entre bonos locales y externos del gobierno colombiano frente a choques de riesgo," Borradores de Economia 919, Banco de la Republica de Colombia.
    15. Aristomène A. Varoudakis, 1990. "Dynamique du taux de change et substitution des actifs financiers dans un modèle avec un marché efficient d'actions," Revue Économique, Programme National Persée, vol. 41(1), pages 95-118.
    16. Wolfgang Maennig & Warren Tease, 1987. "Covered interest parity in non-dollar euromarkets," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 123(4), pages 606-617, December.
    17. Jacob A. Frenkel & Assaf Razin, 1985. "A Two-Country Model of Macroeconomic Policy Interaction," NBER Chapters, in: International Economic Policy Coordination, pages 37-83, National Bureau of Economic Research, Inc.

  89. David H. Pyle and Stephen J. Turnovsky., 1974. "The Dynamics of Government Policy in an Inflationary Economy" An `Intermediate-Run' Analysis," Research Program in Finance Working Papers 27, University of California at Berkeley.

    Cited by:

    1. Mohammad Mukhtar Metwalli, 1983. "The overall balance and macroeconomic policies of an Islamic economy التوازن العام والسياسات الاقتصادية الكلية في اقتصاد إسلامي," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(1), pages 3-33, January.
    2. Alan S. Blinder, 1982. "Issues in the Coordination of Monetary and Fiscal Policy," NBER Working Papers 0982, National Bureau of Economic Research, Inc.
    3. Stephen J. Turnovsky, 1980. "Monetary and Fiscal Policy in a Long‐Run Macroeconomic Model," The Economic Record, The Economic Society of Australia, vol. 56(153), pages 158-170, June.
    4. Albert Minguet, 1979. "Reform Of Public Finance Or Abandonment Of Budgetary Policies?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 50(1), pages 53-79, January.
    5. Ian Mcdonald, 1978. "The Dynamic Interactions Between the Phillips Relation and the IS‐LM Model," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 369-379, December.

  90. Stephen J. Turnovsky & Michael L. Wachter, 1971. "A test of the \"expectations hypothesis\" using directly observed wage and price expectations," Staff Studies 63, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Mario S. Brodersohn, 1979. "The Phillips Curve and the Conflict Between Full Employment and Price Stability in the Argentine Economy, 1964–1974," NBER Chapters, in: Short-Term Macroeconomic Policy in Latin America, pages 201-226, National Bureau of Economic Research, Inc.
    2. Daniel S. Hamermesh, 1985. "Expectations, Life Expectancy, and Economic Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(2), pages 389-408.
    3. Franco Modigliani & Lucas Papademos, 1978. "Optimal demand policies against stagflation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 114(4), pages 736-782, December.
    4. Shahram Fattahi, 2012. "Economic Growth, Inflation and Wage Growth: Experience from a Developing Country," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(2), pages 88-93, June.
    5. Paul Wachtel, 1977. "Survey Measures of Expected Inflation and Their Potential Usefulness," NBER Chapters, in: Analysis of Inflation: 1965–1974, pages 361-402, National Bureau of Economic Research, Inc.
    6. O. Izraeli & M. Kellman, 1982. "Inflationary Expectations, Taxes and the Political Business Cycle: a Local Labor Market Perspective," Urban Studies, Urban Studies Journal Limited, vol. 19(1), pages 33-41, February.
    7. Michael G. Kirby, 1981. "An Investigation of the Specification and Stability of the Australian Aggregate Wage Equation," The Economic Record, The Economic Society of Australia, vol. 57(1), pages 35-46, March.
    8. Lester D. Taylor, 1974. "Price Expectations and Households' Demand for Financial Assets," NBER Chapters, in: Explorations in Economic Research, Volume 1, number 2, pages 258-339, National Bureau of Economic Research, Inc.
    9. Walter S. Misiolek, 1978. "Specification Error in Estimating the Impact of Expected Inflation on Wages and Unemployment," Eastern Economic Journal, Eastern Economic Association, vol. 4(3-4), pages 217-224, Jul/Oct.
    10. Bharat R. Kolluri, 1982. "Anticipated Price Changes, Inflation Uncertainty, And Capital Stock Returns," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 5(2), pages 135-149, June.
    11. Jonathan S. Leonard, 1980. "Wage Expectations in the Labor Market: Survey Evidence on Rationality," NBER Working Papers 0440, National Bureau of Economic Research, Inc.
    12. Cebula, Richard, 1979. "More on Analyzing the Phillips Curve for the United States, 1950-1975," MPRA Paper 50227, University Library of Munich, Germany.
    13. Sung Y. Kwack, 1973. "The effects of foreign inflation on domestic prices and the relative price advantage of exchange rate changes," International Finance Discussion Papers 35, Board of Governors of the Federal Reserve System (U.S.).
    14. Michael W. M. Roos & Ulrich Schmidt, 2012. "The Importance of Time‐Series Extrapolation for Macroeconomic Expectations," German Economic Review, Verein für Socialpolitik, vol. 13(2), pages 196-210, May.
    15. Benjamin M. Friedman, 1980. "Survey Evidence on The Rationality of Interest Rate Expectations," NBER Working Papers 0261, National Bureau of Economic Research, Inc.
    16. David Neumark & Jonathan S. Leonard, 1992. "Inflation Expectations and the Structural Shift in Aggregate Labor-Cost Determination in the 1980s," NBER Working Papers 4018, National Bureau of Economic Research, Inc.
    17. John Mcdonald, 1977. "The Relationship Between Wage Inflation and Excess Demand — New Estimates Using Optimal Extrapolative Wage Expectations," The Economic Record, The Economic Society of Australia, vol. 53(4), pages 490-507, December.
    18. David Snyder, 1978. "Collective Violence: A Research Agenda and Some Strategic Considerations," Journal of Conflict Resolution, Peace Science Society (International), vol. 22(3), pages 499-534, September.
    19. Moore, Kevin Clare, 1985. "Predictive econometric modeling of the United States farmland market: an empirical test of the rational expectations hypothesis," ISU General Staff Papers 198501010800008872, Iowa State University, Department of Economics.

  91. Stephen J Turnovsky & Goncalo Monteiro, "undated". "Consumption Externalities, Production Externalities and Efficient Capital Accumulation under Time Non-separable Preferences," Discussion Papers 05/08, Department of Economics, University of York.

    Cited by:

    1. Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108335, University Library of Munich, Germany.
    2. Francisco Alvarez-Cuadrado & Ngo Van Long, 2009. "Envy And Inequality," Departmental Working Papers 2009-03, McGill University, Department of Economics.
    3. Thi Kim Cuong Pham, 2019. "Keeping up with or running away from the Joneses: the Barro model revisited," Journal of Economics, Springer, vol. 126(2), pages 179-192, March.
    4. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2017. "Optimal tax policy in the presence of productive, consumption, and leisure externalities," Economics Letters, Elsevier, vol. 152(C), pages 62-65.
    5. Gómez, Manuel A. & Monteiro, Goncalo, 2015. "Internal habits in an endogenous growth model with elastic labor supply," Economic Modelling, Elsevier, vol. 51(C), pages 583-595.
    6. Monteiro, Goncalo & Cook, Adam & Dey, Sanjoy, 2013. "Optimal tax policy under habit formation and capital utilization," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 230-248.
    7. Fisher, Walter H. & Heijdra, Ben J., 2007. "Keeping up with the Ageing Joneses," Economics Series 204, Institute for Advanced Studies.
    8. Gómez Manuel A., 2010. "Endogenous Growth, Habit Formation and Convergence Speed," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-32, January.
    9. Philip Kerner & Torben Klarl & Tobias Wendler, 2021. "Green Technologies, Environmental Policy and Regional Growth," Bremen Papers on Economics & Innovation 2104, University of Bremen, Faculty of Business Studies and Economics.
    10. Wendner, Ronald, 2009. "Growth and Keeping up with the Joneses," MPRA Paper 18001, University Library of Munich, Germany.
    11. Irakli Japaridze, 2019. "Envy, inequality and fertility," Review of Economics of the Household, Springer, vol. 17(3), pages 923-945, September.
    12. Alonso-Carrera, Jaime & Caballé, Jordi & Raurich, Xavier, 2008. "Estate taxes, consumption externalities, and altruism," Journal of Public Economics, Elsevier, vol. 92(7), pages 1751-1764, July.
    13. K. Hori & A. Shibata, 2010. "Dynamic Game Model of Endogenous Growth with Consumption Externalities," Journal of Optimization Theory and Applications, Springer, vol. 145(1), pages 93-107, April.
    14. Schünemann, Johannes & Trimborn, Timo, 2017. "Boosting taxes for boasting about houses: Status concerns in the housing market," ECON WPS - Working Papers in Economic Theory and Policy 05/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    15. Prettner, Klaus & Hof, Franz, 2016. "The Quest for Status and R&D-based Growth," VfS Annual Conference 2016 (Augsburg): Demographic Change 145554, Verein für Socialpolitik / German Economic Association.
    16. Wendner, Ronald, 2011. "Will the consumption externalities' effects in the Ramsey model please stand up?," Economics Letters, Elsevier, vol. 111(3), pages 210-212, June.
    17. Constantin Chilarescu & Ioana Viasu, 2016. "A Closed-form Solution of a Two-sector Endogenous Growth Model with Habit Formation," Australian Economic Papers, Wiley Blackwell, vol. 55(2), pages 112-127, June.
    18. Manuel A. Gómez, 2022. "The good, the bad and the worse: current, past and future consumption externalities and equilibrium efficiency," Journal of Economics, Springer, vol. 137(3), pages 195-228, December.
    19. Manuel A. Gómez, 2010. "The welfare cost of external habits: a quantitative assessment," Estudios de Economia, University of Chile, Department of Economics, vol. 37(1 Year 20), pages 5-26, June.
    20. Hof, Franz X. & Prettner, Klaus, 2020. "Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?," ECON WPS - Working Papers in Economic Theory and Policy 01/2020, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    21. Ghosh, Sugata & Wendner, Ronald, 2014. "Positional Preferences, Endogenous Growth, and Optimal Income- and Consumption Taxation," MPRA Paper 60337, University Library of Munich, Germany.
    22. Juin-Jen Chang & Yi-Ling Cheng & Shin-Kun Peng, 2017. "Social comparisons in consumption, international capital flows and tax competition," International Journal of Economic Theory, The International Society for Economic Theory, vol. 13(1), pages 47-71, March.
    23. Koichi Futagami & Yuta Nakabo, 2021. "Capital accumulation game with quasi-geometric discounting and consumption externalities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(1), pages 251-281, February.
    24. Yasuhiro Nakamoto, 2009. "Consumption externalities with endogenous time preference," Journal of Economics, Springer, vol. 96(1), pages 41-62, January.
    25. Walter H. Fisher & Ben J. Heijdra, 2008. "Growth and the Ageing Joneses," CESifo Working Paper Series 2466, CESifo.
    26. Vasilev, Aleksandar, 2018. "Indeterminacy with preferences featuring multiplicative habits in consumption: lessons from Bulgaria (1999-2016)," EconStor Preprints 182499, ZBW - Leibniz Information Centre for Economics.
    27. Mathieu-Bolh, Nathalie & Wendner, Ronald, 2020. "We are what we eat: Obesity, income, and social comparisons," European Economic Review, Elsevier, vol. 128(C).
    28. Hyun Park, 2019. "Endogenous Growth and Equilibrium Cycles under Altruistic and Envious Preferences," Korean Economic Review, Korean Economic Association, vol. 35, pages 307-344.
    29. Chan, Ying Tung, 2020. "Optimal emissions tax rates under habit formation and social comparisons," Energy Policy, Elsevier, vol. 146(C).
    30. Inge van den Bijgaart, 2018. "Too Slow a Change? Deep Habits, Consumption Shifts and Transitory Tax Policy," CESifo Working Paper Series 6958, CESifo.
    31. Ronald Wendner, 2009. "Conspicuous Consumption and Overlapping Generations?," EERI Research Paper Series EERI_RP_2009_05, Economics and Econometrics Research Institute (EERI), Brussels.
    32. Addie, Ron & Taranto, Aldo, 2024. "Economic Similarities and their Application to Inflation," EconStor Preprints 283286, ZBW - Leibniz Information Centre for Economics.
    33. Wendner, Ronald, 2010. "Conspicuous consumption and generation replacement in a model of perpetual youth," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 1093-1107, December.
    34. Kazuo Mino, 2017. "Sunspot-Driven Business Cycles: An Overview," KIER Working Papers 973, Kyoto University, Institute of Economic Research.
    35. Chang, Ming-Jen & Chang, Juin-Jen & Shieh, Jhy-Yuan, 2014. "Keeping up with the Joneses and exchange rate volatility in a Redux model," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 569-584.
    36. Aleksandar Vasilev, 2019. "Indeterminacy with preferences featuring multiplicative habits in consumption," EERI Research Paper Series EERI RP 2019/08, Economics and Econometrics Research Institute (EERI), Brussels.
    37. Nakamoto, Yasuhiro, 2009. "Jealousy and underconsumption in a one-sector model with wealth preference," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 2015-2029, December.
    38. Hyeon O. Lee & Hyun Park, 2015. "Indeterminate Balanced Growth under Habit Persistence and Fiscal Policies," International Economic Journal, Taylor & Francis Journals, vol. 29(2), pages 259-284, June.
    39. van den Bijgaart, Inge, 2016. "Essays in environmental economics and policy," Other publications TiSEM 298bee2a-cb08-4173-9fe1-8, Tilburg University, School of Economics and Management.
    40. Thi Kim Cuong Pham, 2012. "Status-seeking and economic growth: the Barro model revisited," Working Papers of BETA 2012-06, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    41. Chris Tsoukis, 2007. "Keeping Up With The Joneses, Growth, And Distribution," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(4), pages 575-600, September.
    42. van den Bijgaart, I.M., 2017. "Too slow a change? Deep habits, consumption shifts and transitory tax," Working Papers in Economics 701, University of Gothenburg, Department of Economics.
    43. Park, Hyun, 2013. "Do habits generate endogenous fluctuations in a growing economy?," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 54-68.
    44. Juin-jen Chang & Jhy-hwa Chen & Jhy-yuan Shieh, 2012. "Consumption externalities, market imperfections and optimal taxation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(4), pages 345-359, December.
    45. Zhang, Ren-Qian & Yi, Meng & Wang, Qi-Qi & Xiang, Chen, 2018. "Polynomial algorithm of inventory model with complete backordering and correlated demand caused by cross-selling," International Journal of Production Economics, Elsevier, vol. 199(C), pages 193-198.
    46. Rachel J. Huang & Larry Y. Tzeng, 2008. "Consumption Externality and Equilibrium Underinsurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 1039-1054, December.
    47. Wendner, Ronald, 2008. "Finite Horizon, Externalities, and Growth," MPRA Paper 8248, University Library of Munich, Germany.
    48. Chen, Jhy-hwa & Yang, Chih-yu & Shieh, Jhy-yuan & Chang, Juin-jen, 2020. "Consumption aspirations in dirty and clean goods and economic growth," Economic Modelling, Elsevier, vol. 87(C), pages 254-266.
    49. Liu, Chia-ying & Chang, Juin-jen, 2011. "Keeping up with the Joneses, consumer ethnocentrism, and optimal taxation," Economic Modelling, Elsevier, vol. 28(4), pages 1519-1525, July.
    50. Goncalo Monteiro & Stephen Turnovsky, 2013. "Anticipated Consumption and its Impact on Capital Accumulation and Growth: 'Forward-Looking' vs. 'Backward-Looking' Consumption Reference," CESifo Working Paper Series 4536, CESifo.
    51. Goncalo Monteiro & Stephen J. Turnovsky, 2016. "Anticipated consumption and its impact on capital accumulation and growth: “Forward-looking” versus “backward-looking” consumption reference," International Journal of Economic Theory, The International Society for Economic Theory, vol. 12(3), pages 203-232, September.
    52. Manuel Gómez, 2010. "A note on external habits and efficiency in the AK model," Journal of Economics, Springer, vol. 99(1), pages 53-64, February.
    53. Bibaswan Chatterjee & Rolando Escobar‐Posada & Goncalo Monteiro, 2023. "Anticipation in leisure—Effects on labor‐leisure choice," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(2), pages 384-412, June.

  92. Sibel Sirakaya & Stephen Turnovsky & Nedim Alemdar, "undated". "Trade, Growth, and Environmental Quality," Working Papers UWEC-2007-01-P, University of Washington, Department of Economics.

    Cited by:

    1. Stephen Devadoss & Jude Bayham, 2013. "US Ethanol Trade Policy: Pollution Reduction or Domestic Protection," Review of International Economics, Wiley Blackwell, vol. 21(3), pages 568-584, August.

  93. Cecilia Garcia-Penalosa & Stephen Turnovsky, "undated". "Growth, Income Inequality, and Fiscal Policy: What are the Relevant Tradeoffs?," Working Papers UWEC-2006-27-P, University of Washington, Department of Economics.

    Cited by:

    1. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    2. Stephen J. Turnovsky & Cecilia Garcia-Pe–alosa, 2006. "The Dynamics of Wealth and Income Distribution in a Neoclassical Growth Model," IDEP Working Papers 0604, Institut d'economie publique (IDEP), Marseille, France, revised Jul 2006.
    3. Walberti Saith & Joanna Giorgios Alexopoulos & Leonardo Bornacki De Mattos, 2018. "The Effects Of Fiscal Policy On Income Inequality In A Model With Heterogeneous Agents," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 92, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    4. Chen, Shu-Hua, 2020. "Inequality-growth nexus under progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 65(C).
    5. Yoseph Yilma Getachew, 2012. "Distributional effects of public policy choices," Working Papers 2012_04, Durham University Business School.
    6. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    7. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    8. Sugata Marjit & Amlan Majumder & Sandip Sarkar & Lei Yang, 2020. "Inequality Convergence and Distribution Neutral Fiscal Policy," CESifo Working Paper Series 8119, CESifo.
    9. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2009. "Growth and Inequality: Dependence of the Time Path of Productivity Increases (and other Structural Changes)," Working Papers wp2009_01_02, Department of Economics, Florida State University.
    10. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    11. David de La Croix & Michel Lubrano, 2009. "The Tradeoff Between Growth and Redistribution: ELIE in an Overlapping Generations Model," Working Papers halshs-00382513, HAL.
    12. Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," Working Papers 201768, University of Pretoria, Department of Economics.
    13. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    14. Desire Avom & Fabrizio Carmignani & Abdour Chowdhury, "undated". "Four Scenarios of Poverty Reduction and the Role of Economic Policy," MRG Discussion Paper Series 3109, School of Economics, University of Queensland, Australia.
    15. G. C. Lim & Paul D. McNelis, 2008. "Cyclical Government Spending, Income Inequality and Welfare in Small Open Economies," Melbourne Institute Working Paper Series wp2008n18, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    16. Atolia, Manoj & Papageorgiou, Chris & Turnovsky, Stephen J., 2021. "Re-opening after the lockdown: Long-run aggregate and distributional consequences of COVID-19," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    17. Yongzheng Liu & Jorge Martinez-Vazquez, 2015. "Growth–Inequality Tradeoff in the Design of Tax Structure: Evidence from a Large Panel of Countries," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 323-345, May.
    18. Yoseph Yilma Getachew, 2011. "Public Investment Policy, Distribution, and Growth: What Levels of Redistribution through Public Investment Maximize Growth?," DEGIT Conference Papers c016_072, DEGIT, Dynamics, Economic Growth, and International Trade.
    19. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    20. Getachew, Yoseph Yilma, 2010. "Public capital and distributional dynamics in a two-sector growth model," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 606-616, June.
    21. Zheng, Zhijie & Huang, Chien-Yu & Wan, Xi, 2020. "Human Capital and Income Inequality in a Monetary Schumpeterian Growth Model," MPRA Paper 101912, University Library of Munich, Germany.
    22. José Alves, 2018. "A DSGE Model to Evaluate the Macroeconomic Impacts of Taxation," Working Papers REM 2018/62, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    23. Borissov, Kirill & Kalk, Andrei, 2020. "Public debt, positional concerns, and wealth inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 96-111.
    24. Gil-Alana, Luis A. & Škare, Marinko & Pržiklas-Družeta, Romina, 2019. "Measuring inequality persistence in OECD 1963–2008 using fractional integration and cointegration," The Quarterly Review of Economics and Finance, Elsevier, vol. 72(C), pages 65-72.
    25. Sangyup Choi & Jeeyeon Phi, 2023. "Impact of Uncertainty Shocks on Income and Wealth Inequality," CAMA Working Papers 2023-33, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    26. José Carlos Coelho & José Alves, 2021. "Two-way relationship between inequality and growth within fiscal policy channel: an empirical assessment for European countries," Working Papers REM 2021/0205, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    27. Lin Shu-Chin & Huang Ho-Chuan & Kim Dong-Hyeon & Yeh Chih-Chuan, 2009. "Nonlinearity between Inequality and Growth," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 13(2), pages 1-20, May.
    28. Chun‐Chieh Huang & Juin‐Jen Chang & Hsiao‐Wen Hung, 2020. "Progressive Tax and Inequality in a Unionized Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(1), pages 38-80, January.
    29. Chatzouz, Moustafa, 2014. "Government Debt and Wealth Inequality: Theory and Insights from Altruism," MPRA Paper 77007, University Library of Munich, Germany.
    30. García-Peñalosa, Cecilia & Turnovsky, Stephen J., 2015. "Income Inequality, Mobility, And The Accumulation Of Capital," Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1332-1357, September.
    31. Viegas, Miguel & Ribeiro, Ana Paula, 2013. "Welfare-improving government behavior and inequality in a heterogeneous agents model," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 146-160.
    32. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.

  94. Theo Eicher & Stephen J. Turnovsky, "undated". "Transitional Dynamics in Non-Scale Growth Models," Computing in Economics and Finance 1997 105, Society for Computational Economics.

    Cited by:

    1. Stephen Turnovsky, 2000. "The Transitional Dynamics of Fiscal Policy: Long-run Capital Accumulation and Growth," Discussion Papers in Economics at the University of Washington 0018, Department of Economics at the University of Washington.
    2. Chatterjee, Santanu, 2005. "Capital utilization, economic growth and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 29(12), pages 2093-2124, December.
    3. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    4. Groth, Christian & Wendner, Ronald, 2011. "Learning by investing, embodiment, and speed of convergence," MPRA Paper 29008, University Library of Munich, Germany.
    5. Cosmin Enache, 2009. "Fiscal Policy And Economic Growth In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-50.
    6. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    7. Richard E. Baldwin & Rikard Forslid, 1998. "Incremental Trade and Endogenous Growth: A q-Theory Approach," NBER Working Papers 6477, National Bureau of Economic Research, Inc.
    8. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    9. Groth, Christian & Wendner, Ronald, 2014. "Embodied learning by investing and speed of convergence," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 245-269.
    10. Baldwin, Richard E. & Forslid, Rikard, 1999. "Incremental trade policy and endogenous growth:: A q-theory approach," Journal of Economic Dynamics and Control, Elsevier, vol. 23(5-6), pages 797-822, April.

Articles

  1. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).

    Cited by:

    1. Osama D. Sweidan, 2023. "Geopolitical Risk and Income Inequality: Evidence from the US Economy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 575-597, September.
    2. Kristina Stefanova, 2024. "Public Sector Impact on Income Inequality in CEE Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 78-97.
    3. Hammed Oluwaseyi Musibau & Abdulrasheed Zakari & Farhad Taghizadeh-Hesary, 2024. "Exploring the Fiscal policy—income inequality relationship with Bayesian model averaging analysis," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-14, April.

  2. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.

    Cited by:

    1. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.

  3. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.

    Cited by:

    1. Bom, Pedro R.D. & Erauskin, Iñaki, 2021. "Productive government investment and the labor share," MPRA Paper 108381, University Library of Munich, Germany.
    2. Víctor Hugo Fernández-Bedoya & Monica Elisa Meneses-La-Riva & Josefina Amanda Suyo-Vega & Johanna de Jesús Stephanie Gago-Chávez, 2023. "Entrepreneurship Research in Times of COVID-19: Experiences from South America," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    3. Durongkaveroj, Wannaphong, 2022. "Structural Transformation, Income Inequality and Government Expenditure: Evidence from International Panel Data," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(3), pages 29-44.

  4. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.

    Cited by:

    1. Óscar Afonso & Tiago Neves Sequeira & Marcelo Santos & Pedro Cunha Neves, 2023. "Global Firms, (de)unionization and Wage Inequality," Open Economies Review, Springer, vol. 34(5), pages 979-1013, November.

  5. Erauskin, Iñaki & Turnovsky, Stephen J., 2022. "International financial integration, the level of development, and income inequality: Some empirical evidence," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 48-64.

    Cited by:

    1. Gengzhi Huang & Hang Li & Siyue Chen & Hongou Zhang & Biao He, 2024. "Dynamic Analysis of Regional Integration Development: Comprehensive Evaluation, Evolutionary Trend, and Driving Factors," Land, MDPI, vol. 13(1), pages 1-26, January.
    2. Pozo, Jorge, 2023. "Bank risk-taking in emerging economies: Empirical evidence and theory," Journal of Financial Stability, Elsevier, vol. 67(C).
    3. Fleissig, Adrian R. & Swofford, James L., 2023. "The impact of Brexit on U.K. habits for expenditure on imports and consumption," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 196-203.
    4. Víctor Hugo Fernández-Bedoya & Monica Elisa Meneses-La-Riva & Josefina Amanda Suyo-Vega & Johanna de Jesús Stephanie Gago-Chávez, 2023. "Entrepreneurship Research in Times of COVID-19: Experiences from South America," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    5. Bojaj, Martin M. & Djurovic, Gordana & Fabris, Nikola & Milovic, Nikola, 2023. "Top 1% and inequality connectedness in the EMU and WB," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 139-155.

  6. Atolia, Manoj & Papageorgiou, Chris & Turnovsky, Stephen J., 2021. "Re-opening after the lockdown: Long-run aggregate and distributional consequences of COVID-19," Journal of Mathematical Economics, Elsevier, vol. 93(C).

    Cited by:

    1. Carlos Díaz & Sebastian Fossati & Nicolás Trajtenberg, 2022. "Stay at home if you can: COVID‐19 stay‐at‐home guidelines and local crime," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 19(4), pages 1067-1113, December.
    2. Mr. Pragyan Deb & Davide Furceri & Mr. Jonathan David Ostry & Nour Tawk, 2020. "The Economic Effects of COVID-19 Containment Measures," IMF Working Papers 2020/158, International Monetary Fund.
    3. Zheng, ShiYong & Li, Xiao & Li, Juan & Li, Biqing & Hafeez, Muhammad, 2023. "Assessing the COVID-19 impact on economy, health and natural resource prices: An evidence from selected Asian economies," Resources Policy, Elsevier, vol. 87(PB).
    4. Bridgman, Benjamin & Greenaway-McGrevy, Ryan, 2023. "The economic impact of social distancing: Evidence from state-collected data during the 1918 influenza pandemic," Explorations in Economic History, Elsevier, vol. 90(C).
    5. Raouf Boucekkine & Shankha Chakraborty & Aditya Goenka & Lin Liu, 2024. "A Brief Tour of Economic Epidemiology Modelling," LIDAM Discussion Papers IRES 2024002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    6. Jacek Rothert, 2021. "Optimal federal transfers during uncoordinated response to a pandemic," GRAPE Working Papers 58, GRAPE Group for Research in Applied Economics.
    7. Hubert Kempf & stéphane Rossignol, 2023. "Lockdown policies and the dynamics of a pandemic: foresight, rebounds and optimality," Documents de recherche 23-06, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.

  7. Yoichi Gokan & Stephen J. Turnovsky, 2021. "Wealth and income inequality in a monetary economy," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 225-245, October.

    Cited by:

    1. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    2. Addie, Ron & Taranto, Aldo, 2024. "Economic Similarities and their Application to Inflation," EconStor Preprints 283286, ZBW - Leibniz Information Centre for Economics.

  8. Sokchea Lim & A. K. M. Mahbub Morshed & Stephen J. Turnovsky, 2021. "Migrant Labor and Remittances: Macroeconomic Consequences and Policy Responses," Journal of Human Capital, University of Chicago Press, vol. 15(1), pages 128-173.

    Cited by:

    1. Lim, Sokchea & Morshed, A.K.M. Mahbub & Turnovsky, Stephen J., 2023. "Endogenous labor migration and remittances: Macroeconomic and welfare consequences," Journal of Development Economics, Elsevier, vol. 163(C).
    2. Lim, Sokchea & Khun, Channary, 2022. "Macroeconomic impacts of remittances: A two-country, two-sector model," Journal of Macroeconomics, Elsevier, vol. 73(C).

  9. Evangelos V. Dioikitopoulos & Stephen J. Turnovsky & Ronald Wendner, 2020. "Dynamic Status Effects, Savings, And Income Inequality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(1), pages 351-382, February.
    See citations under working paper version above.
  10. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.

    Cited by:

    1. Cuesta, Lizeth & Ruiz, Yomara, 2021. "Efecto de la globalización sobre la desigualdad. Un estudio global para 104 países usando regresiones cuantílicas [Effect of globalization on inequality. A global study for 104 countries using quan," MPRA Paper 111022, University Library of Munich, Germany.
    2. Jingjing Qu & Aijun Li & Morié Guy-Roland N’Drin, 2023. "Measuring technology inequality across African countries using the concept of efficiency Gini coefficient," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(5), pages 4107-4138, May.
    3. Gupta, Sanjeev & Jalles, João Tovar, 2022. "Do tax reforms affect income distribution? Evidence from developing countries," Economic Modelling, Elsevier, vol. 110(C).
    4. Jeanne Terblanche & Dawie van Lill & Hylton Hollander, 2023. "Fiscal policy and dimensions of inequality in South Africa: A time-varying coefficient approach," Working Papers 05/2023, Stellenbosch University, Department of Economics.
    5. Wenguang Yu & Bing Li & Xianghan Zhu, 2021. "Income Redistribution Effect of Raising the Overall Planning Level of Basic Endowment Insurance for Urban Employees in China," Sustainability, MDPI, vol. 13(2), pages 1-29, January.

  11. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.

    Cited by:

    1. Biruk Birhanu Ashenafi & Yan Dong, 2023. "Financial openness, financial sector development, and income inequality: With an extensive set of pull and push factors," African Development Review, African Development Bank, vol. 35(2), pages 138-151, June.
    2. Ribeiro, Ana Paula & Carvalho, Vitor & Ferreira, Mariana, 2020. "The effect of globalization on wage inequality: an application to the European Union before the Great Recession," MPRA Paper 110697, University Library of Munich, Germany.
    3. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.
    4. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    5. Ma, Yong & Chen, Diandian, 2020. "Openness, rural-urban inequality, and happiness in China," Economic Systems, Elsevier, vol. 44(4).
    6. Erauskin, Iñaki & Turnovsky, Stephen J., 2020. "Financial globalization and its consequences for productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 66(C).
    7. Jiancai Pi & Kaiqi Zhang & Xiangyu Huang, 2023. "Financial globalization and wage inequality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(2), pages 144-157, May.
    8. Shubin Wang & Junsheng Ha & Hakan Kalkavan & Serhat Yüksel & Hasan Dinçer, 2020. "IT2-Based Hybrid Approach for Sustainable Economic Equality: A Case of E7 Economies," SAGE Open, , vol. 10(2), pages 21582440209, May.
    9. Erauskin, Iñaki & Turnovsky, Stephen J., 2022. "International financial integration, the level of development, and income inequality: Some empirical evidence," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 48-64.
    10. Ayoub Rabhi & Brandon Parsons, 2024. "How is Central Bank Independence Shaping Income Inequality in Developing Countries?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 30(2), pages 159-176, May.
    11. Jinyeong Yun, 2023. "Capital Inflows and Income Inequality:Evidence from Panel VAR Approach," MAGKS Papers on Economics 202322, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    12. Can Sever & Emekcan Yucel, 2021. "Electoral Cycles in Inequality Abstract:," Working Papers 2021/01, Bogazici University, Department of Economics.
    13. Zare , Roohollah, 2019. "Globalization and Income Inequality: Does the Level of Financial Development Matter?," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(2), pages 159-175, April.
    14. Nasir Khan & Mahwish Zafar & Abiodun Funso Okunlola & Zeman Zoltan & Magda Robert, 2022. "Effects of Financial Inclusion on Economic Growth, Poverty, Sustainability, and Financial Efficiency: Evidence from the G20 Countries," Sustainability, MDPI, vol. 14(19), pages 1-19, October.
    15. Ni, Niannian & Liu, Yulin & Zhou, Hui, 2022. "Financial openness, capital rents and income inequality," European Journal of Political Economy, Elsevier, vol. 71(C).

  12. Iñaki Erauskin & Stephen J. Turnovsky, 2019. "Financial Globalization and the Increase in the Size of Government: Are They Related?," Open Economies Review, Springer, vol. 30(2), pages 219-253, April.

    Cited by:

    1. Erauskin, Iñaki & Turnovsky, Stephen J., 2020. "Financial globalization and its consequences for productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 66(C).

  13. Evangelos V. Dioikitopoulos & Stephen J. Turnovsky & Ronald Wendner, 2019. "Public policy, dynamic status preferences, and wealth inequality," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 21(5), pages 923-944, October.

    Cited by:

    1. Kirill Borissov & Nigar Hashimzade, 2021. "Fiscal policy and inequality in a model with endogenous positional concerns," Papers 2107.00410, arXiv.org.
    2. Julio Dávila, 2019. "Property rights and long-Run capital," Documents de travail du Centre d'Economie de la Sorbonne 19008, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    3. Debajyoti Chakrabarty, 2023. "Relative deprivation, time preference, and economic growth," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(3), pages 489-525, September.
    4. Guy Meunier & Ingmar Schumacher, 2020. "The Importance of Considering Optimal Government Policy When Social Norms Matter for the Private Provision of Public Goods," Working Papers 2020-007, Department of Research, Ipag Business School.
    5. Bolh, Nathalie & Wendner, Ronald, 2021. "Conspicuous leisure, time allocation, and obesity Kuznets curves," MPRA Paper 108644, University Library of Munich, Germany.
    6. Mathieu-Bolh, Nathalie & Wendner, Ronald, 2020. "We are what we eat: Obesity, income, and social comparisons," European Economic Review, Elsevier, vol. 128(C).
    7. Huey-Shian Chung, 2021. "Taiwan’s Offshore Wind Energy Policy: From Policy Dilemma to Sustainable Development," Sustainability, MDPI, vol. 13(18), pages 1-16, September.
    8. Borissov, Kirill & Kalk, Andrei, 2020. "Public debt, positional concerns, and wealth inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 96-111.

  14. Turnovsky, Stephen J., 2019. "Demographic structures, savings, and international capital flows," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.

    Cited by:

    1. Ruppert, Kilian & Stähler, Nikolai, 2020. "Household savings, capital investments and public policies: What drives the German current account?," Discussion Papers 41/2020, Deutsche Bundesbank.
    2. Ruppert, Kilian & Stähler, Nikolai, 2022. "What drives the German current account? Household savings, capital investments and public policies," Economic Modelling, Elsevier, vol. 108(C).

  15. Schubert, Stefan F. & Turnovsky, Stephen J., 2018. "Growth and unemployment: Short-run and long-run tradeoffs," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 172-189.

    Cited by:

    1. Dinopoulos, Elias & Grieben, Wolf-Heimo & Şener, Fuat, 2023. "A Policy Conundrum: Schumpeterian Growth or Job Creation?," Economic Modelling, Elsevier, vol. 126(C).
    2. Giorgio Liotti, 2022. "Labour Market Regulation and Youth Unemployment in the EU-28," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 8(1), pages 77-103, March.
    3. Nishiyama, Hiroyuki & Gintani, Yasuhiro & Tsuboi, Mizuki, 2024. "The impact of trade on growth and welfare with heterogeneous firms and rent-sharing," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 731-742.
    4. Husaini, Dzul Hadzwan & Puah, Chin-Hong & Lean, Hooi Hooi, 2019. "Energy subsidy and oil price fluctuation, and price behavior in Malaysia:A time series analysis," Energy, Elsevier, vol. 171(C), pages 1000-1008.

  16. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.

    Cited by:

    1. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2021. "Differential Tariffs and Income Inequality in the United States: Some Evidence from the States," Open Economies Review, Springer, vol. 32(1), pages 1-35, February.
    2. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    3. Ma, Yong & Chen, Diandian, 2020. "Openness, rural-urban inequality, and happiness in China," Economic Systems, Elsevier, vol. 44(4).
    4. Mohsen Bahmani-Oskooee & Mehrnoosh Hasanzade, 2020. "Asymmetric Link between U.S. Tariff Policy and Income Distribution: Evidence from State Level Data," Open Economies Review, Springer, vol. 31(4), pages 821-857, September.
    5. Erauskin, Iñaki & Turnovsky, Stephen J., 2022. "International financial integration, the level of development, and income inequality: Some empirical evidence," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 48-64.
    6. Canh Phuc Nguyen & Thanh Dinh Su, 2022. "Export Dynamics and Income Inequality: New Evidence on Export Quality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(3), pages 1063-1113, October.

  17. Dashkeev, Vladimir V & Turnovsky, Stephen J, 2018. "Balanced-budget rules and risk-sharing in a fiscal union," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 277-298.

    Cited by:

    1. Vladimir V. Dashkeev & Stephen J. Turnovsky, 2023. "Tax systems and public borrowing limits in a fiscal union," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 351-395, April.

  18. Chatterjee, Santanu & Turnovsky, Stephen J., 2018. "Remittances and the informal economy," Journal of Development Economics, Elsevier, vol. 133(C), pages 66-83.

    Cited by:

    1. KOUAKOU, Dorgyles C.M. & YEO, Kolotioloma I.H., 2023. "Can innovation reduce the size of the informal economy? Econometric evidence from 138 countries," MPRA Paper 119264, University Library of Munich, Germany.
    2. Francois, John Nana & Ahmad, Nazneen & Keinsley, Andrew & Nti-Addae, Akwasi, 2022. "Heterogeneity in the long-run remittance-output relationship: Theory and new evidence," Economic Modelling, Elsevier, vol. 110(C).
    3. Ceyhun Elgin & Orhan Torul & Tugce Turk, 2022. "Marginal Cost of Public Funds under the Presence of Informality," Hacienda Pública Española / Review of Public Economics, IEF, vol. 241(2), pages 79-103, June.
    4. Hemachandra Padhan & Deepak Kumar Behera & Santosh Kumar Sahu & Umakant Dash, 2023. "Does Corruption Hinderance Economic Growth Despite Surge of Remittance and Capital Inflows Since Economic Liberalization in an Emerging Economy, India," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 426-449, March.
    5. Henri Njangang & Luc Ndeffo Nembot & Joseph Pasky Ngameni, 2020. "Does financial development reduce the size of the informal economy in sub‐Saharan African countries?," African Development Review, African Development Bank, vol. 32(3), pages 375-391, September.
    6. Selçuk Akçay & Emre Karabulutoğlu, 2021. "Do remittances moderate financial development–informality nexus in North Africa?," African Development Review, African Development Bank, vol. 33(1), pages 166-179, March.
    7. Lim, Sokchea, 2021. "Policy to promote overseas migrant work: A macro-dynamic framework," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 113-125.
    8. Gareth Liu-Evans & Shalini Mitra, 2023. "Formal sector enforcement and welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(3), pages 706-728, June.
    9. Atangana Ondoa Henri & Seabrook Arthur Mveng, 2022. "Did state antiquity matter for the size of the informal economy?," Economics of Governance, Springer, vol. 23(2), pages 115-131, June.
    10. Njoya, Loudi & Ngouhouo, Ibrahim & Asongu, Simplice & Schneider, Friedrich, 2022. "The role of economic prosperity on informality in Africa: evidence of corruption thresholds from PSTR," MPRA Paper 119059, University Library of Munich, Germany.
    11. Loudi Njoya & Ibrahim Ngouhouo & Moussa Njoupouognigni & Schneider Friederich & Zenabou Tourere, 2024. "Can we understand the simultaneous evolution between economic and informality growth in Africa? A preliminary explanation," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(1), pages 398-414, January.
    12. Henri Njangang & Edmond Noubissi & Hilaire Nkengfack, 2018. "Do remittances increase the size of the informal economy in Sub-saharan African countries?," Economics Bulletin, AccessEcon, vol. 38(4), pages 1997-2007.
    13. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    14. Eric Amoo Bondzie & Mark Kojo Armah, 2022. "A DSGE model of fiscal stabilizers and informality in Sub-Sahara Africa," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2137985-213, December.
    15. Gareth Liu-Evans & Shalini Mitra, 2020. "Formal sector enforcement and welfare," Working Papers 202030, University of Liverpool, Department of Economics.
    16. Lim, Sokchea & Morshed, A.K.M. Mahbub & Turnovsky, Stephen J., 2023. "Endogenous labor migration and remittances: Macroeconomic and welfare consequences," Journal of Development Economics, Elsevier, vol. 163(C).
    17. Xiameng Pan & Chang Sun, 2023. "Internal Migration, Remittances and Economic Development," CESifo Working Paper Series 10623, CESifo.
    18. Ikhenaode, Bright Isaac & Parello, Carmelo Pierpaolo, 2020. "Immigration and remittances in a two-country model of growth with labor market frictions," Economic Modelling, Elsevier, vol. 93(C), pages 675-692.
    19. Schneider, Friedrich & Khan, Shabeer & Baharom Abdul Hamid & Khan, Abidullah, 2019. "Does the tax undermine the effect of remittances on shadow economy?," Economics Discussion Papers 2019-67, Kiel Institute for the World Economy (IfW Kiel).
    20. Hilaire Nkengfack & Hervé Kaffo Fotio & Armand Totouom, 2021. "How Does the Shadow Economy Affect Environmental Quality in Sub-Saharan Africa? Evidence from Heterogeneous Panel Estimations," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 1635-1651, December.
    21. Chatterjee, Santanu & Lebesmuehlbacher, Thomas & Narayanan, Abhinav, 2021. "How productive is public investment? Evidence from formal and informal production in India," Journal of Development Economics, Elsevier, vol. 151(C).
    22. Pan, Xiameng & Sun, Chang, 2024. "Internal migration, remittances and economic development," Journal of International Economics, Elsevier, vol. 147(C).
    23. Balde, Racky & Boly, Mohamed & Avenyo, Elvis, 2020. "Labour market effects of COVID-19 in sub-Saharan Africa: An informality lens from Burkina Faso, Mali and Senegal," MERIT Working Papers 2020-022, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    24. Lim, Sokchea & Khun, Channary, 2022. "Macroeconomic impacts of remittances: A two-country, two-sector model," Journal of Macroeconomics, Elsevier, vol. 73(C).
    25. Zhao, Nan & Liu, Xiaojie & Zhang, Zizhe, 2022. "Does competition from the informal sector affect firms’ energy intensity? Evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 130-142.
    26. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.
    27. Ines Dika, 2023. "A Statistical Analysis Of The Impact Of The Informal Economy On The Comportment Of The Exchange Rates In Albania," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 17(1), pages 201-211.
    28. Kpognon, Koffi D., 2022. "Effect of Natural Resources on the Size of Informal Economy in sub-Saharan Africa: An Empirical Investigation," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 1-14.
    29. Florencia Amábile & Rómulo A. Chumacero, 2023. "Should I stay or should I go?: the economic incentives of intergenerational taxes and transfers in Uruguay," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 493-524, April.

  19. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.

    Cited by:

    1. Akira Momota, 2020. "Long Life-span and Optimal Recurrent Education," KIER Working Papers 1042, Kyoto University, Institute of Economic Research.
    2. Marta Aloi & Huw Dixon & Anthony Savagar, 2021. "Labor Responses, Regulation, and Business Churn," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 119-156, February.
    3. Ruppert, Kilian & Stähler, Nikolai, 2020. "Household savings, capital investments and public policies: What drives the German current account?," Discussion Papers 41/2020, Deutsche Bundesbank.
    4. Bursian, Dirk & Goldbach, Stefan & Jochem, Axel & Nagengast, Arne & Schön, Matthias & Stähler, Nikolai & Vetlov, Igor, 2020. "A model-based analysis of the German current account surplus," Technical Papers 03/2020, Deutsche Bundesbank.
    5. Ruppert, Kilian & Schön, Matthias & Stähler, Nikolai, 2021. "Consumption taxation to finance pension payments," Discussion Papers 47/2021, Deutsche Bundesbank.
    6. Ruppert, Kilian & Stähler, Nikolai, 2022. "What drives the German current account? Household savings, capital investments and public policies," Economic Modelling, Elsevier, vol. 108(C).
    7. Sarah J. Carrington & Pablo Jiménez‐Ayora, 2021. "Shedding light on the convergence debate: Using luminosity data to investigate economic convergence in Ecuador," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 200-227, February.
    8. Turnovsky, Stephen J., 2019. "Demographic structures, savings, and international capital flows," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.

  20. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2017. "Tariff Reduction and Income Inequality: Some Empirical Evidence," Open Economies Review, Springer, vol. 28(4), pages 603-631, September.

    Cited by:

    1. Rashmi Ahuja & Sugata Marjit, 2022. "Liberalizing Trade and Capital Flows and the Wage Gap: Does Sequencing Matter?," Open Economies Review, Springer, vol. 33(2), pages 375-389, April.
    2. Christopher Hartwell, 2022. "Institutions and trade‐related inequality," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3246-3264, July.
    3. Imran Khan & Zuhaba Nawaz & Bilal Bin Saeed, 2021. "Does trade openness and FDI reduce inequality? Evidence from South Asia," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6459-6470, October.
    4. Anderson, Edward, 2022. "The correlates of declining income inequality among emerging and developing economies during the 2000s," World Development, Elsevier, vol. 152(C).
    5. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    6. Mohsen Bahmani-Oskooee & Mehrnoosh Hasanzade, 2020. "Asymmetric Link between U.S. Tariff Policy and Income Distribution: Evidence from State Level Data," Open Economies Review, Springer, vol. 31(4), pages 821-857, September.
    7. Chi‐Chur Chao & May Hu & Xuan Nguyen, 2022. "Manufacturing capital utilisation, firm dynamics and wage inequality," The World Economy, Wiley Blackwell, vol. 45(12), pages 3947-3970, December.
    8. Khan, Muhammad Aamir & Walmsley, Terrie & Mukhopadhyay, Kakali, 2021. "Trade liberalization and income inequality: The case for Pakistan," Journal of Asian Economics, Elsevier, vol. 74(C).
    9. Chao, Chi-Chur & Ee, Mong Shan, 2024. "Does unionization reduce wage inequality? New evidence from business dynamism," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 690-703.
    10. Khan, Muhammad Omer & Khan, Muhammad Aamir, 2022. "Impact of UK – Japan Comprehensive Economic Partnership Agreement (CEPA): Options for UK and Japan," Conference papers 333446, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    11. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.

  21. Murat Koyuncu & Stephen J. Turnovsky, 2016. "The Dynamics of Growth and Income Inequality under Progressive Taxation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 18(4), pages 560-588, August.

    Cited by:

    1. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    2. Chen, Shu-Hua, 2020. "Inequality-growth nexus under progressive income taxation," Journal of Macroeconomics, Elsevier, vol. 65(C).
    3. Remy Oddou, 2020. "The effect of a progressive taxation scheme on the endogenous formation of jurisdictions," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1705-1712, September.
    4. Chun‐Chieh Huang & Juin‐Jen Chang & Hsiao‐Wen Hung, 2020. "Progressive Tax and Inequality in a Unionized Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(1), pages 38-80, January.

  22. Oksana M. Leukhina & Stephen J. Turnovsky, 2016. "Population Size Effects in the Structural Development of England," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(3), pages 195-229, July.

    Cited by:

    1. Claire Loupias & Bertrand Wigniolle, 2018. "Technological changes and population growth: the role of land in England," Working Papers halshs-01789598, HAL.
    2. Dalila Chenaf-Nicet, 2020. "Dynamics of Structural Change in a Globalized World: What Is the Role Played by Institutions in the Case of Sub-Saharan African Countries?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(4), pages 998-1037, September.
    3. Nicolas Coeurdacier & Florian Oswald & Marc Teignier, 2021. "Structural Change, Land Use and Urban Expansion," Working Papers hal-03812819, HAL.
    4. Chi Pui Ho, 2024. "Towards a More Complete Theory of Structural Transformation," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 289-326, May.
    5. Alok Johri & Md Mahbubur Rahman, 2022. "The Rise and Fall of India's Relative Investment Price: A Tale of Policy Error and Reform," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(1), pages 146-178, January.
    6. Betty ASSE & Dalila CHENAF-NICET, 2021. "Note on the role of domestic and external demand on the process of premature deindustrialization," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 54, pages 145-160.
    7. John P. Hejkal & B. Ravikumar & Guillaume Vandenbroucke, 2020. "Technology Adoption, Mortality, and Population Dynamics," Working Papers 2020-039, Federal Reserve Bank of St. Louis, revised Aug 2024.
    8. Ho, Chi Pui, 2015. "Population growth and structural transformation," MPRA Paper 68014, University Library of Munich, Germany.

  23. Goncalo Monteiro & Stephen J. Turnovsky, 2016. "Anticipated consumption and its impact on capital accumulation and growth: “Forward-looking” versus “backward-looking” consumption reference," International Journal of Economic Theory, The International Society for Economic Theory, vol. 12(3), pages 203-232, September.

    Cited by:

    1. Schünemann, Johannes & Strulik, Holger & Trimborn, Timo, 2019. "Anticipation of Deteriorating Health and Information Avoidance," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203513, Verein für Socialpolitik / German Economic Association.
    2. Manuel A. Gómez, 2022. "The good, the bad and the worse: current, past and future consumption externalities and equilibrium efficiency," Journal of Economics, Springer, vol. 137(3), pages 195-228, December.
    3. Johannes Schünemann & Holger Strulik & Timo Trimborn, 2023. "Anticipation of Future Consumption, Excessive Savings, and Long-Run Growth," Economics Working Papers 2023-10, Department of Economics and Business Economics, Aarhus University.
    4. Morhaim, Lisa & Ulus, Ayşegül Yıldız, 2023. "On history-dependent optimization models: A unified framework to analyze models with habits, satiation and optimal growth," Journal of Mathematical Economics, Elsevier, vol. 105(C).
    5. Gómez, Manuel A., 2021. "On the closed-form solution of an endogenous growth model with anticipated consumption," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    6. João Ricardo Faria & Peter McAdam, 2023. "Janus's Money Demand and Time Inconsistency: A New Impossibility Theorem?," Research Working Paper RWP 23-04, Federal Reserve Bank of Kansas City.

  24. Oksana M. LEUKHINA & Stephen J. TURNOVSKY, 2016. "Push, Pull, and Population Size Effects in Structural Development: Long-run Trade-offs," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 82(4), pages 423-457, December.

    Cited by:

    1. Claire Loupias & Bertrand Wigniolle, 2018. "Technological changes and population growth: the role of land in England," Working Papers halshs-01789598, HAL.
    2. Dalila Chenaf-Nicet, 2020. "Dynamics of Structural Change in a Globalized World: What Is the Role Played by Institutions in the Case of Sub-Saharan African Countries?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(4), pages 998-1037, September.
    3. Chi Pui Ho, 2024. "Towards a More Complete Theory of Structural Transformation," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 289-326, May.
    4. Betty ASSE & Dalila CHENAF-NICET, 2021. "Note on the role of domestic and external demand on the process of premature deindustrialization," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 54, pages 145-160.
    5. Perez Sebastian,Fidel & Steinbuks,Jevgenijs & Feres,Jose Gustavo & Trotter,Ian Michael, 2020. "Electricity Access and Structural Transformation : Evidence from Brazil's Electrification," Policy Research Working Paper Series 9182, The World Bank.

  25. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.

    Cited by:

    1. Mohsen Bahmani-Oskooee & Mehrnoosh Hasanzade, 2020. "Asymmetric Link between U.S. Tariff Policy and Income Distribution: Evidence from State Level Data," Open Economies Review, Springer, vol. 31(4), pages 821-857, September.
    2. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2017. "Tariff Reduction and Income Inequality: Some Empirical Evidence," Open Economies Review, Springer, vol. 28(4), pages 603-631, September.
    3. Rojas-Vallejos, Jorge & Lastuka, Amy, 2020. "The income inequality and carbon emissions trade-off revisited," Energy Policy, Elsevier, vol. 139(C).

  26. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 599-599, September.

    Cited by:

    1. Mohsen Bahmani-Oskooee & Mehrnoosh Hasanzade, 2020. "Asymmetric Link between U.S. Tariff Policy and Income Distribution: Evidence from State Level Data," Open Economies Review, Springer, vol. 31(4), pages 821-857, September.
    2. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2017. "Tariff Reduction and Income Inequality: Some Empirical Evidence," Open Economies Review, Springer, vol. 28(4), pages 603-631, September.
    3. Rojas-Vallejos, Jorge & Lastuka, Amy, 2020. "The income inequality and carbon emissions trade-off revisited," Energy Policy, Elsevier, vol. 139(C).
    4. Ercan Uygur, 2014. "Some Observations on the Global Economy and ICE-TEA 2014," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 3(1), pages 1-12, January.

  27. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2015. "Productive government spending and its consequences for the growth–inequality tradeoff," Research in Economics, Elsevier, vol. 69(4), pages 621-640.
    See citations under working paper version above.
  28. García-Peñalosa, Cecilia & Turnovsky, Stephen J., 2015. "Income Inequality, Mobility, And The Accumulation Of Capital," Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1332-1357, September.
    See citations under working paper version above.
  29. Matteo Cacciatore & Fabio Ghironi & Stephen J. Turnovsky, 2015. "Inflation Targeting and Economic Reforms in New Zealand," International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 145-198, September.

    Cited by:

    1. Matteo Cacciatore & Romain Duval & Giuseppe Fiori & Fabio Ghironi, 2015. "Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies," NBER Working Papers 21784, National Bureau of Economic Research, Inc.
    2. Cacciatore, Matteo & Ghironi, Fabio & Lee, Yurim, 2016. "Financial market integration, exchange rate policy, and the dynamics of business and employment in Korea," Journal of the Japanese and International Economies, Elsevier, vol. 42(C), pages 79-99.
    3. Sauré, Philip, 2017. "Time-intensive R&D and unbalanced trade," European Economic Review, Elsevier, vol. 91(C), pages 229-244.
    4. Lukáš Kučera, 2018. "Investice v transmisním mechanismu cílování inflace verifikace zdrojů variability investic v České republice [Investment in the Transmission Mechanism of Inflation Targeting - Verification of Sourc," Politická ekonomie, Prague University of Economics and Business, vol. 2018(2), pages 201-217.

  30. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.

    Cited by:

    1. Daniele Tavani & Luca Zamparelli, 2020. "Growth, income distribution, and the ‘entrepreneurial state’," Journal of Evolutionary Economics, Springer, vol. 30(1), pages 117-141, January.
    2. Anna Wichowska & Wiesława Lizińska, 2022. "Peculiarities of municipalities' investment activity: a case study of Eastern Poland," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 10-23, March.
    3. Mohammad KHUSAINI & Setyo TRI WAHYUDI & Zamrud SISWA UTAMA, 2018. "Does Trade Openness And Fiscal Policy Affect Inequality And Economic Growth? A Study In Indonesia," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 215-226, July.
    4. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    5. Dinlersoz, Emin M. & Fu, Zhe, 2022. "Infrastructure investment and growth in China: A quantitative assessment," Journal of Development Economics, Elsevier, vol. 158(C).
    6. Pedro R. D. Bom & Aitor Goti, 2018. "Public Capital and the Labor Income Share," Sustainability, MDPI, vol. 10(11), pages 1-17, October.
    7. Samuel M. Jung, 2021. "Interactions between Economic Growth, Financial Development, and Income Inequality in General and in China," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(5), pages 1-67, May.
    8. Daisuke Miyashita, 2023. "Public debt and income inequality in an endogenous growth model with elastic labor supply," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 447-472, August.
    9. Yang, Xiaoliang & Zhou, Peng, 2022. "Wealth inequality and social mobility: A simulation-based modelling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 307-329.
    10. Pereira, Diogo Santos & Marques, António Cardoso & Fuinhas, José Alberto, 2019. "Are renewables affecting income distribution and increasing the risk of household poverty?," Energy, Elsevier, vol. 170(C), pages 791-803.
    11. Claudia Suárez‐Arbesú & Nicholas Apergis & Francisco J. Delgado, 2023. "Club convergence and factors of income inequality in the European Union," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 3654-3666, October.
    12. Jae wook Jung & Kyunghun Kim, 2018. "Financial Market Integration and Income Inequality," Working Papers id:12916, eSocialSciences.
    13. José Carlos Coelho & José Alves, 2021. "Two-way relationship between inequality and growth within fiscal policy channel: an empirical assessment for European countries," Working Papers REM 2021/0205, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    14. Li, Bin & Li, Tuo & Yu, Man & Chen, Bin, 2017. "Can equalization of public services narrow the regional disparities in China? A spatial econometrics approach," China Economic Review, Elsevier, vol. 44(C), pages 67-78.
    15. Lim, G.C. & McNelis, Paul D., 2016. "Income growth and inequality: The threshold effects of trade and financial openness," Economic Modelling, Elsevier, vol. 58(C), pages 403-412.
    16. Youze Lang & Qiuyi Yang, 2019. "Does Public Infrastructure Breed Consumption Downgrade and Overcapacity in China? A DSGE Approach on Macroeconomic Effects," Sustainability, MDPI, vol. 11(3), pages 1-23, February.

  31. Jochen Mierau & Stephen Turnovsky, 2014. "Capital accumulation and the sources of demographic change," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(3), pages 857-894, July.

    Cited by:

    1. Bruno Lanz & Simon Dietz & Tim Swanson, 2014. "Global Population Growth, Technology and Malthusian Constraints: A Quantitative Growth Theoretic Perspective," CIES Research Paper series 25-2014, Centre for International Environmental Studies, The Graduate Institute, revised 01 May 2016.
    2. Theresa Grafeneder-Weissteiner & Klaus Prettner & Jens Südekum, 2020. "Three Pillars of Urbanization: Migration, Aging, and Growth," De Economist, Springer, vol. 168(2), pages 259-278, June.
    3. Kuhn, Michael & Prettner, Klaus, 2015. "Population structure and consumption growth: Evidence from National Transfer Accounts," ECON WPS - Working Papers in Economic Theory and Policy 01/2015, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    4. Bruce, Neil & Turnovsky, Stephen J., 2013. "Social security, growth, and welfare in overlapping generations economies with or without annuities," Journal of Public Economics, Elsevier, vol. 101(C), pages 12-24.
    5. d'Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Herman Jan, 2014. "Local Determinacy of Prices in an Overlapping Generations Model with Continuous Trading," MPRA Paper 59126, University Library of Munich, Germany.
    6. Frankovic, Ivan & Kuhn, Michael & Wrzaczek, Stefan, 2016. "Medical care within an OLG economy with realistic demography," ECON WPS - Working Papers in Economic Theory and Policy 02/2016, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    7. Bloom, David E. & Kuhn, Michael & Prettner, Klaus, 2018. "Health and Economic Growth," IZA Discussion Papers 11939, Institute of Labor Economics (IZA).
    8. Frankovic, Ivan & Kuhn, Michael & Wrzaczek, Stefan, 2020. "Medical innovation and its diffusion: Implications for economic performance and welfare," Journal of Macroeconomics, Elsevier, vol. 66(C).
    9. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    10. Ivan Frankovic & Michael Kuhn & Stefan Wrzaczek, 2020. "On the Anatomy of Medical Progress Within an Overlapping Generations Economy," De Economist, Springer, vol. 168(2), pages 215-257, June.
    11. Michael Kuhn & Klaus Prettner, 2018. "Population age structure and consumption growth: evidence from National Transfer Accounts," Journal of Population Economics, Springer;European Society for Population Economics, vol. 31(1), pages 135-153, January.
    12. Karel Brůna & Jiří Pour, 2023. "Population aging and structural over/underinvestment," Economic Change and Restructuring, Springer, vol. 56(4), pages 2339-2383, August.
    13. Jochen Mierau & Stephen Turnovsky, 2014. "Demography, growth, and inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 29-68, January.

  32. Jochen Mierau & Stephen Turnovsky, 2014. "Demography, growth, and inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 29-68, January.

    Cited by:

    1. Theresa Grafeneder-Weissteiner & Klaus Prettner & Jens Südekum, 2020. "Three Pillars of Urbanization: Migration, Aging, and Growth," De Economist, Springer, vol. 168(2), pages 259-278, June.
    2. Kuhn, Michael & Prettner, Klaus, 2015. "Population structure and consumption growth: Evidence from National Transfer Accounts," ECON WPS - Working Papers in Economic Theory and Policy 01/2015, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    3. Mercedes Gumbau Albert, 2021. "The impact of health status and human capital formation on regional performance: Empirical evidence," Papers in Regional Science, Wiley Blackwell, vol. 100(1), pages 123-139, February.
    4. Supper Roland Okijie & Ubong Edem Effiong, 2021. "Ascertaining the Optimal Population Growth Threshold for Nigeria’s Economic Development," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(6), pages 43-50, June.
    5. Bucci, Alberto & Eraydın, Levent & Müller, Moritz, 2019. "Dilution effects, population growth and economic growth under human capital accumulation and endogenous technological change," Journal of Macroeconomics, Elsevier, vol. 62(C).
    6. d'Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Herman Jan, 2014. "Local Determinacy of Prices in an Overlapping Generations Model with Continuous Trading," MPRA Paper 59126, University Library of Munich, Germany.
    7. Alberto Bucci & Xavier Raurich, 2017. "Population and Economic Growth Under Different Growth Engines," German Economic Review, Verein für Socialpolitik, vol. 18(2), pages 182-211, May.
    8. Klaus Prettner & David Canning, 2014. "Increasing life expectancy and optimal retirement in general equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 191-217, May.
    9. Bloom, David E. & Kuhn, Michael & Prettner, Klaus, 2018. "Health and Economic Growth," IZA Discussion Papers 11939, Institute of Labor Economics (IZA).
    10. Silvia London & Gastón Cayssials & Fernando Antonio Ignacio González, 2022. "Population growth and economic growth: a panel causality analysis," Asociación Argentina de Economía Política: Working Papers 4574, Asociación Argentina de Economía Política.
    11. José Carlos Coelho & José Alves, 2021. "Two-way relationship between inequality and growth within fiscal policy channel: an empirical assessment for European countries," Working Papers REM 2021/0205, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    12. Laura A. Harvey & Jochen O. Mierau & James Rockey, 2024. "Inequality in an Equal Society," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(4), pages 871-904, August.
    13. Rubinchik, Anna & Gorokhovsky, Alexander, "undated". "Regularity of a general equilibrium in a model with infinite past and future," Working Papers WP2017/1, University of Haifa, Department of Economics.
    14. Edouard A. Ribes, 2022. "Financial planning and optimal retirement timing for physically intensive occupations," SN Business & Economics, Springer, vol. 2(8), pages 1-28, August.
    15. Jatmiko, Wahyu & Ebrahim, M. Shahid & Smaoui, Houcem, 2023. "Sukūk development and income inequality," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
    16. Jochen O. Mierau & James Rockey, 2015. "Inequality in an Equal Society: Theory and Evidence," Discussion Papers in Economics 15/23, Division of Economics, School of Business, University of Leicester.
    17. Patrik Rovný & Serhiy Moroz & Jozef Palkovič & Elena Horská, 2021. "Impact of Demographic Structure on Economic Development of Ukrainian Coastal Regions," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
    18. E. Wesley F. Peterson, 2017. "The Role of Population in Economic Growth," SAGE Open, , vol. 7(4), pages 21582440177, October.

  33. Chen, Yu-chin & Turnovsky, Stephen J. & Zivot, Eric, 2014. "Forecasting inflation using commodity price aggregates," Journal of Econometrics, Elsevier, vol. 183(1), pages 117-134.
    See citations under working paper version above.
  34. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.

    Cited by:

    1. Amponsah, Mary & Agbola, Frank W. & Mahmood, Amir, 2023. "The relationship between poverty, income inequality and inclusive growth in Sub-Saharan Africa," Economic Modelling, Elsevier, vol. 126(C).
    2. Mohamed Arouri & Nguyen Viet Cuong, 2020. "Wealth inequality and inter-governorate migration: Evidence from Egypt," Post-Print hal-02866187, HAL.
    3. Daisuke Miyashita, 2023. "Public debt and income inequality in an endogenous growth model with elastic labor supply," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 447-472, August.
    4. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.

  35. Bruce, Neil & Turnovsky, Stephen J., 2013. "Demography And Growth: A Unified Treatment Of Overlapping Generations," Macroeconomic Dynamics, Cambridge University Press, vol. 17(8), pages 1605-1637, December.
    See citations under working paper version above.
  36. Bruce, Neil & Turnovsky, Stephen J., 2013. "Social security, growth, and welfare in overlapping generations economies with or without annuities," Journal of Public Economics, Elsevier, vol. 101(C), pages 12-24.

    Cited by:

    1. Andrews Doeh Agblobi & Anthony Kofi Osei-Fosu & Hadrat Yusif, 2020. "Poverty Response to the Household Type of Elderly and Old-Age Pension," Business and Management Research, Business and Management Research, Sciedu Press, vol. 9(4), pages 1-20, December.
    2. Oliwia Komada & Krzysztof Makarski & Joanna Tyrowicz, 2017. "Welfare effects of fiscal policy in reforming the pension system," GRAPE Working Papers 11, GRAPE Group for Research in Applied Economics.
    3. Huiru Zhao & Sen Guo & Qi Zhang & Chunjie Li, 2014. "Social Welfare Evaluation of Electric Universal Service in China: From the Perspective of Sustainability," Sustainability, MDPI, vol. 6(8), pages 1-17, August.
    4. Angelopoulos, Angelos & Economides, George & Liontos, George & Philippopoulos, Apostolis & Sakkas, Stelios, 2022. "Public redistributive policies in general equilibrium: an application to Greece," LSE Research Online Documents on Economics 117574, London School of Economics and Political Science, LSE Library.
    5. Jochen Mierau & Stephen Turnovsky, 2014. "Capital accumulation and the sources of demographic change," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(3), pages 857-894, July.
    6. Heijdra, Ben J. & Mierau, Jochen O. & Trimborn, Timo, 2017. "Stimulating annuity markets," Journal of Pension Economics and Finance, Cambridge University Press, vol. 16(4), pages 554-583, October.
    7. James Staveley-O'Carroll & Olena Staveley-O'Carroll, 2019. "International Welfare Spillovers of National Pension Schemes," Working Papers 1903, College of the Holy Cross, Department of Economics.
    8. Tyrowicz, Joanna, 2020. "Are incentivized old-age savings schemes effective under incomplete rationality?," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224526, Verein für Socialpolitik / German Economic Association.
    9. Mark C. Kelly, 2022. "Growth and Welfare Implications of Mortality Differentials in Unfunded Social Security Systems," Public Finance Review, , vol. 50(2), pages 206-235, March.
    10. David de la Croix, 2015. "Did Longer Lives Buy Economic Growth? From Malthus to Lucas and Ben-Porath," LIDAM Discussion Papers IRES 2015012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    11. Kojun Hamada & Akihiko Kaneko & Mitsuyoshi Yanagihara, 2017. "The transfer paradox in a pay-as-you-go pension system," International Economics and Economic Policy, Springer, vol. 14(2), pages 221-238, April.
    12. Lei He & Zhengqi Wang, 2023. "The interaction effects of rising life expectancy and the public pension burden on aggregate savings and economic growth," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(2), pages 229-250, May.
    13. COMANICIU Carmen, 2017. "Social Security Contributions In The European Union - Similarities And Differences," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 69(5), pages 22-34, December.
    14. Toshiki Tamai, 2023. "Social security, economic growth, and social welfare in an overlapping generation model with idiosyncratic TFP shock and heterogeneous workers," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(3), pages 1829-1862, July.
    15. Siew Ling Yew & Jie Zhang, 2018. "Health spending, savings and fertility in a lifecycle-dynastic model with longevity externalities," Canadian Journal of Economics, Canadian Economics Association, vol. 51(1), pages 186-215, February.
    16. Staveley-O’Carroll James & Staveley-O’Carroll Olena M., 2021. "International Welfare Spillovers of National Pension Schemes," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(1), pages 363-397, January.
    17. Schönfelder, Bruno & Wild, Frank, 2013. "Volkswirtschaftliche Wirkungen der Alterungsrückstellungen in der Privaten Kranken- und Pflegeversicherung," WIP-Analysen August 2013, WIP – Wissenschaftliches Institut der PKV.
    18. George Economides & Apostolis Philippopoulos & Stylianos Sakkas, 2021. "Redistributive policies in general equilibrium," JRC Working Papers on Territorial Modelling and Analysis 2021-08, Joint Research Centre.
    19. Kojun Hamada & Akihiko Kaneko & Mitsuyoshi Yanagihara, 2024. "Impact of PAYG pensions on country welfare through capital accumulation," International Economics and Economic Policy, Springer, vol. 21(1), pages 207-226, February.
    20. George Economides & Hyun Park & Apostolis Philippopoulos & Stelios Sakkas, 2015. "On the Composition of Public Spending and Taxes," CESifo Working Paper Series 5510, CESifo.
    21. Joanna Tyrowicz & Krzysztof Makarski & Artur Rutkowski, 2020. "Fiscal incentives to pension savings – are they efficient?," Working Paper series 20-06, Rimini Centre for Economic Analysis.
    22. Makarski, Krzysztof & Tyrowicz, Joanna & Komada, Oliwia, 2021. "Efficiency versus Insurance: Capital Income Taxation and Privatizing Social Security," IZA Discussion Papers 14805, Institute of Labor Economics (IZA).
    23. Turnovsky, Stephen J., 2019. "Demographic structures, savings, and international capital flows," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.
    24. Mingyong Hong & Ji Wang & Mengjie Tian, 2022. "Rural Social Security, Precautionary Savings, and the Upgrading of Rural Residents’ Consumption Structure in China," Sustainability, MDPI, vol. 14(19), pages 1-17, September.
    25. Bahnsen, Lewe & Fetzer, Stefan & Franke, Fabian & Hagist, Christian, 2020. "Gone with the windfall – Germany's Second LTC Strengthening Act and its intergenerational implications," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).

  37. Stephen J. Turnovsky & Aditi Mitra, 2013. "The Interaction between Human and Physical Capital Accumulation and the Growth-Inequality Trade-off," Journal of Human Capital, University of Chicago Press, vol. 7(1), pages 26-75.

    Cited by:

    1. Chan, Ying Tung & Yang, Yibai & Zheng, Zhijie, 2022. "Effects of R&D policy on income inequality in a growth model with heterogeneous assets and skills," Economics Letters, Elsevier, vol. 213(C).
    2. Kirill Borissov & Stefano Bosi & Thai Ha-Huy & Leonor Modesto, 2017. "Heterogeneous Human Capital, Inequality and Growth: The Role of Patience and Skills," EUSP Department of Economics Working Paper Series 2017/03, European University at St. Petersburg, Department of Economics.
    3. Borissov, Kirill & Bosi, Stefano & Ha-Huy, Thai & Modesto, Leonor, 2016. "Inequality and Growth: The Role of Human Capital with Heterogeneous Skills," IZA Discussion Papers 10090, Institute of Labor Economics (IZA).
    4. Zheng, Zhijie & Wan, Xi & Huang, Chien-Yu, 2023. "Inflation and income inequality in a Schumpeterian economy with heterogeneous wealth and skills," Economic Modelling, Elsevier, vol. 121(C).

  38. Hwang, Yu-Ning & Turnovsky, Stephen J., 2013. "Exchange rate pass-through and the effects of tariffs on economic performance and welfare," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 81-102.

    Cited by:

    1. Jeanne, Olivier & Son, Jeongwon, 2024. "To what extent are tariffs offset by exchange rates?," Journal of International Money and Finance, Elsevier, vol. 142(C).
    2. Ganelli, Giovanni & Tervala, Juha, 2015. "Value of WTO trade agreements in a New Keynesian model," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 347-362.
    3. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.
    4. Wataru Johdo, 2019. "Tariffs, the exchange rate, and location," Economics Bulletin, AccessEcon, vol. 39(2), pages 741-750.

  39. Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Infrastructure and inequality," European Economic Review, Elsevier, vol. 56(8), pages 1730-1745.

    Cited by:

    1. Linus Mattauch & Ottmar Edenhofer & David Klenert & Sophie Bénard, 2014. "Public Investment when Capital is Back - Distributional Effects of Heterogeneous Saving Behavior," CESifo Working Paper Series 4714, CESifo.
    2. Liu, Laihui & An, Suxia, 2023. "Deindustrialization and the incidence of poverty: Empirical evidence from developing countries," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    3. Batuo, Michael E. & Kararach, George & Malki, Issam, 2022. "The dynamics of income inequality in Africa: An empirical investigation on the role of macroeconomic and institutional forces," World Development, Elsevier, vol. 157(C).
    4. Ott, Ingrid & Soretz, Susanne, 2020. "Institutional design and spatial (in)equality: The Janus face of economic integration," Kiel Working Papers 2163, Kiel Institute for the World Economy (IfW Kiel).
    5. Bom, Pedro R.D. & Erauskin, Iñaki, 2021. "Productive government investment and the labor share," MPRA Paper 108381, University Library of Munich, Germany.
    6. Bruce, Neil & Turnovsky, Stephen J., 2013. "Social security, growth, and welfare in overlapping generations economies with or without annuities," Journal of Public Economics, Elsevier, vol. 101(C), pages 12-24.
    7. Chatterjee, Santanu & Gibson, John & Rioja, Felix, 2017. "Optimal public debt redux," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 162-174.
    8. Siegmeier, Jan & Mattauch, Linus & Franks, Max & Klenert, David & Schultes, Anselm & Edenhofer, Ottmar, 2015. "A Public Finance Perspective on Climate Policy: Six Interactions That May Enhance Welfare," Climate Change and Sustainable Development 202119, Fondazione Eni Enrico Mattei (FEEM).
    9. Calderon, Cesar & Serven, Luis, 2014. "Infrastructure, growth, and inequality : an overview," Policy Research Working Paper Series 7034, The World Bank.
    10. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    11. David Klenert & Linus Mattauch & Ottmar Edenhofer & Kai Lessmann, 2014. "Infrastructure and Inequality: Insights from Incorporating Key Economic Facts about Household Heterogeneity," CESifo Working Paper Series 4972, CESifo.
    12. Dinlersoz, Emin M. & Fu, Zhe, 2022. "Infrastructure investment and growth in China: A quantitative assessment," Journal of Development Economics, Elsevier, vol. 158(C).
    13. Heer, Burkhard & Scharrer, Christian, 2018. "The age-specific burdens of short-run fluctuations in government spending," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 45-75.
    14. Amien Makmuri, 2017. "Infrastructure and inequality: An empirical evidence from Indonesia," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 9(1), pages 29-39, April.
    15. Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," Working Papers 201768, University of Pretoria, Department of Economics.
    16. Duarte Bom, P.R. & Ligthart, J.E., 2011. "Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules," Discussion Paper 2011-092, Tilburg University, Center for Economic Research.
    17. Bajar, Sumedha & Rajeev, Meenakshi, 2015. "Impact of infrastructure provisioning on inequality: Evidence from India," Working Papers 337, Institute for Social and Economic Change, Bangalore.
    18. Linus Mattauch & Ottmar Edenhofer & David Klenert & Sophie Bénard, 2016. "Distributional Effects of Public Investment when Wealth and Classes are Back," Metroeconomica, Wiley Blackwell, vol. 67(3), pages 603-629, July.
    19. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    20. Timilsina,Govinda R. & Hochman,Gal & Song,Ze, 2020. "Infrastructure, Economic Growth, and Poverty : A Review," Policy Research Working Paper Series 9258, The World Bank.
    21. Eisenack, Klaus & Paschen, Marius, 2022. "Adapting long-lived investments under climate change uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    22. Siciliano, Giuseppina & Urban, Frauke, 2017. "Equity-based Natural Resource Allocation for Infrastructure Development: Evidence From Large Hydropower Dams in Africa and Asia," Ecological Economics, Elsevier, vol. 134(C), pages 130-139.
    23. Kane, Robert F. & Peretto, Pietro F., 2020. "More apples vs. better apples: Distribution and innovation-driven growth," Journal of Economic Theory, Elsevier, vol. 185(C).
    24. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," Working Papers 1702, University of Otago, Department of Economics, revised Feb 2017.
    25. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.
    26. Bucevska Vesna, 2019. "Determinants of Income Inequality in EU Candidate Countries: A Panel Analysis," Economic Themes, Sciendo, vol. 57(4), pages 397-413, December.
    27. Siti Rohima & Saadah Yuliana & Abdul Bashir & Nazirwan Hafiz, 2017. "Public Infrastructure Availability on Development Disparity," Business and Economic Research, Macrothink Institute, vol. 7(2), pages 375-391, December.
    28. Huang, Ruting & Yao, Xin, 2023. "The role of power transmission infrastructure in income inequality: Fresh evidence from China," Energy Policy, Elsevier, vol. 177(C).
    29. Djeneba Doumbia & Mr. Tidiane Kinda, 2019. "Reallocating Public Spending to Reduce Income Inequality: Can It Work?," IMF Working Papers 2019/188, International Monetary Fund.
    30. Julián Costas-Fernández & José-Alberto Guerra & Myra Mohnen, 2020. "Train to Opportunity: the Effect of Infrastructure on Intergenerational Mobility," Documentos CEDE 18591, Universidad de los Andes, Facultad de Economía, CEDE.
    31. Hakim, Dani Rahman & Rosini, Iin, 2022. "Regional Income Inequality in Indonesia: The Role of Public and Private Investment," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(3), pages 87-101.
    32. An, Zidong & Kangur, Alvar & Papageorgiou, Chris, 2019. "On the substitution of private and public capital in production," European Economic Review, Elsevier, vol. 118(C), pages 296-311.
    33. Ken Tabata, 2021. "Patent protection and public capital accumulation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(1), pages 154-190, February.
    34. Batuo E. Michael & George Kararach & Issam Malki, 2021. "Working Paper 353 - Inequality and the role of macroeconomic and institutional forces in Africa," Working Paper Series 2479, African Development Bank.
    35. Nisha S. Simon & P. Natarajan, 2017. "Nonlinearity between Infrastructure Inequality and Growth," Review of Market Integration, India Development Foundation, vol. 9(1-2), pages 66-82, April.
    36. Robert J. Sonora, 2022. "A panel analysis of income inequality and energy use," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 83-97, January.
    37. Yoseph Getachew & Stephen Turnovsky, 2015. "Productive Government Spending and its Consequences for the Growth–Inequality Tradeoff," Working Papers 201520, University of Pretoria, Department of Economics.
    38. Linus Mattauch & David Klenert & Joseph E. Stiglitz & Ottmar Edenhofer, 2018. "Overcoming Wealth Inequality by Capital Taxes that Finance Public Investment," NBER Working Papers 25126, National Bureau of Economic Research, Inc.
    39. Osvaldo Nina, 2021. "Efecto del COVID-19 en el sistema de intermediación financiera: El caso boliviano," Development Research Working Paper Series 04/2021, Institute for Advanced Development Studies.
    40. An, Zidong & Zhang, Feinan & Li, Haibo, 2022. "Elasticity of substitution between public and private capital: Evidence from manufacturing firms in Europe," Economics Letters, Elsevier, vol. 219(C).
    41. Hori, Takeo & Maebayashi, Noritaka & Morimoto, Keiichi, 2018. "Tax Evasion and Optimal Corporate Income Tax Rates in a Growing Economy," MPRA Paper 90787, University Library of Munich, Germany.
    42. Kumari, Anita & Kumar Sharma, Anil, 2017. "Infrastructure financing and development: A bibliometric review," International Journal of Critical Infrastructure Protection, Elsevier, vol. 16(C), pages 49-65.
    43. Schubert, Stefan F. & Turnovsky, Stephen J., 2018. "Growth and unemployment: Short-run and long-run tradeoffs," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 172-189.
    44. John Gibson & Felix Rioja, 2017. "Public Infrastructure Maintenance And The Distribution Of Wealth," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 175-186, January.
    45. Li, Y. & Murshed, S.M. & Papyrakis, E., 2021. "Public capital and income inequality: some empirical evidence," ISS Working Papers - General Series 677, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    46. Onesmus Mbaabu Mutiiria & Qingjiang Ju & Koffi Dumor, 2020. "Infrastructure and inclusive growth in sub-Saharan Africa: An empirical analysis," Progress in Development Studies, , vol. 20(3), pages 187-207, July.
    47. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.
    48. Tim Hartwig & Trung Thanh Nguyen, 2022. "Local infrastructure, resilience capacity and poverty in rural Southeast Asia," TVSEP Working Papers wp-029, Leibniz Universitaet Hannover, Institute for Environmental Economics and World Trade, Project TVSEP.
    49. Chatterjee, Santanu & Gibson, John & Rioja, Felix, 2018. "Public investment, debt, and welfare: A quantitative analysis," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 204-217.
    50. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.
    51. Prakash Chandra Sapkota, 2020. "Public Infrastructure and Economic Takeoff," Business and Economic Research, Macrothink Institute, vol. 10(1), pages 313-333, March.

  40. Atolia, Manoj & Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Growth and inequality: Dependence on the time path of productivity increases (and other structural changes)," Journal of Economic Dynamics and Control, Elsevier, vol. 36(3), pages 331-348.
    See citations under working paper version above.
  41. Serpil Bouza & Stephen J. Turnovsky, 2012. "The distributional consequences of foreign transfers: do they reduce or exacerbate inequality?," Oxford Economic Papers, Oxford University Press, vol. 64(4), pages 702-735, October.

    Cited by:

    1. Jonathan Temple & Huikang Ying & Patrick Carter, 2014. "Transfers and Transformations: Remittances, Foreign Aid, and Growth," Bristol Economics Discussion Papers 14/649, School of Economics, University of Bristol, UK, revised 02 Dec 2014.
    2. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.
    3. G. C. Lim & Paul D. McNelis, 2014. "Income Inequality, Trade and Financial Openness," Melbourne Institute Working Paper Series wp2014n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    4. José Alves, 2018. "A DSGE Model to Evaluate the Macroeconomic Impacts of Taxation," Working Papers REM 2018/62, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    5. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    6. Lim, G.C. & McNelis, Paul D., 2016. "Income growth and inequality: The threshold effects of trade and financial openness," Economic Modelling, Elsevier, vol. 58(C), pages 403-412.

  42. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    See citations under working paper version above.
  43. Schubert, Stefan F. & Turnovsky, Stephen J., 2011. "The impact of oil prices on an oil-importing developing economy," Journal of Development Economics, Elsevier, vol. 94(1), pages 18-29, January.

    Cited by:

    1. Imran Shah, 2012. "Revisiting the Dynamic Effects of Oil Price Shock on Small Developing Economies," Bristol Economics Discussion Papers 12/626, School of Economics, University of Bristol, UK.
    2. Jomar Patricia De Avila Arroyo & Milton Yago & Muhammad Ali Nasir & Junjie Wu, 2014. "Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 759-771.
    3. Burkhard Heer & Stefan Franz Schubert, 2011. "Unemployment and Debt Dynamics in a Highly Indebted Small Open Economy," CESifo Working Paper Series 3497, CESifo.
    4. Mr. Alessandro Cantelmo & Mr. Giovanni Melina & Mr. Chris Papageorgiou, 2019. "Macroeconomic Outcomes in Disaster-Prone Countries," IMF Working Papers 2019/217, International Monetary Fund.
    5. Stefan Schubert & Stephen Turnovsky, 2011. "The Impact of Energy Prices on Growth and Welfare in a Developing Open Economy," Open Economies Review, Springer, vol. 22(3), pages 365-386, July.
    6. Rajesh H. Acharya & Anver C. Sadath, 2018. "Revisiting the relationship between oil price and macro economy: Evidence from India," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2018(1), pages 173-190.
    7. Dirk-Jan van de Ven & Roger Fouquet, 2014. "Historical energy price shocks and their changing effects on the economy," GRI Working Papers 153, Grantham Research Institute on Climate Change and the Environment.
    8. Rui M. Pereira & Alfredo M. Pereira, 2017. "The Economic and Budgetary Impact of Climate Policy in Portugal: Carbon Taxation in a Dynamic General Equilibrium Model with Endogenous Public Sector Behavior," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(2), pages 231-259, June.
    9. Benjamin Carton & Dramane Coulibaly & Marc Pourroy, 2016. "Food prices and inflation targeting in emerging economies," Post-Print hal-01386045, HAL.
    10. Behrouzi, Fatemeh & Nakisa, Mehdi & Maimun, Adi & Ahmed, Yasser M., 2016. "Global renewable energy and its potential in Malaysia: A review of Hydrokinetic turbine technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1270-1281.
    11. Farrukh Suvankulov, 2016. "Crude Oil Prices and Fixed-Asset Cash Spending in the Oil and Gas Industry: Findings from VAR Models," Staff Analytical Notes 16-8, Bank of Canada.
    12. Chai, Jian & Guo, Ju-E. & Meng, Lei & Wang, Shou-Yang, 2011. "Exploring the core factors and its dynamic effects on oil price: An application on path analysis and BVAR-TVP model," Energy Policy, Elsevier, vol. 39(12), pages 8022-8036.
    13. Jammazi, Rania, 2012. "Cross dynamics of oil-stock interactions: A redundant wavelet analysis," Energy, Elsevier, vol. 44(1), pages 750-777.
    14. Solaymani, Saeed & Kari, Fatimah, 2013. "Environmental and economic effects of high petroleum prices on transport sector," Energy, Elsevier, vol. 60(C), pages 435-441.
    15. Chong, Heap-Yih & Lam, Wei-Haur, 2013. "Ocean renewable energy in Malaysia: The potential of the Straits of Malacca," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 169-178.
    16. Zhang, Wei-Bin, 2017. "The Impact of Imported Energy and Goods Prices on Growth and Trade Balance of a Small Open Economy," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 2(2), pages 99-116, June.
    17. Huang, Wei-Chi & Lai, Ching-Chong & Chen, Ping-Ho, 2017. "International R&D funding and patent collateral in an R&D-based growth model," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 545-561.
    18. Alfredo Pereira & Rui Pereira, 2013. "Fossil fuel prices and the economic and budgetary challenges of a small energy-importing economy: the case of Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 12(3), pages 181-214, December.
    19. Yau, Ruey & Chen, Guan-Han, 2021. "Assessing energy subsidy policies in a structural macroeconomic model," Energy Economics, Elsevier, vol. 103(C).
    20. Pereira, Alfredo M. & Pereira, Rui M., 2014. "On the environmental, economic and budgetary impacts of fossil fuel prices: A dynamic general equilibrium analysis of the Portuguese case," Energy Economics, Elsevier, vol. 42(C), pages 248-261.
    21. Becken, Susanne & Lennox, James, 2012. "Implications of a long-term increase in oil prices for tourism," Tourism Management, Elsevier, vol. 33(1), pages 133-142.
    22. Salma Ahmed & Aviel Avshalumov & Tania Chaar & Eshini Ekanayake & Helen Lao & Louis Poirier & Jenna Rolland-Mills & Argyn Toktamyssov & Lin Xiang, 2023. "Assessing global potential output growth and the US neutral rate: April 2023," Staff Analytical Notes 2023-5, Bank of Canada.
    23. Hochman, Gal & Timilsina, Govinda R., 2017. "Energy efficiency barriers in commercial and industrial firms in Ukraine: An empirical analysis," Energy Economics, Elsevier, vol. 63(C), pages 22-30.
    24. Wei-Bin Zhang, 2018. "Business Cycles, Growth, And Imported Energy In A Small-Open Growth Model," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(2), pages 7-21, September.
    25. Al-mulali, Usama, 2010. "The Impact of Oil Prices on the Exchange Rate and Economic Growth in Norway," MPRA Paper 24447, University Library of Munich, Germany.
    26. Kizuku Takao, 2014. "Dynamic effects of anticipated and temporary tax changes in a R&D-based growth model," ISER Discussion Paper 0913, Institute of Social and Economic Research, Osaka University.

  44. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.

    Cited by:

    1. Ricardo Denadai & Vladimir K. Teles, 2016. "A Test for Hysteresis in International Trade," Review of Development Economics, Wiley Blackwell, vol. 20(2), pages 583-598, May.
    2. Laura Povoledo, 2017. "Modelling the sectoral allocation of labour in open economy models," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 685-710, August.
    3. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    4. Mohsin, Mohammed & Park, Kihyun, 2015. "Monetary policy in a two-sector dependent economy," Economic Modelling, Elsevier, vol. 46(C), pages 118-129.

  45. Stephen J. Turnovsky, 2011. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
    See citations under working paper version above.
  46. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.

    Cited by:

    1. Robert Calvert Jump & Cars Hommes & Paul Levine, 2018. "Learning, Heterogeneity, and Complexity in the New Keynesian Model," Working Papers 20181807, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    2. Ligthart, J.E. & van der Meijden, G.C., 2011. "The Dynamics of Revenue-Neutral Trade Liberalization," Other publications TiSEM 1d95686d-f518-4a0e-aad6-3, Tilburg University, School of Economics and Management.
    3. Engwerda, J.C., 2012. "Prospects of Tools from Differential Games in the Study Of Macroeconomics of Climate Change," Other publications TiSEM cac36d07-227b-4cf2-83cb-7, Tilburg University, School of Economics and Management.
    4. van der Meijden, G.C., 2013. "The macroeconomic dynamics of trade liberalization, resource exploitation, and backstop technologies," Other publications TiSEM 988fc892-3596-4af3-9964-d, Tilburg University, School of Economics and Management.
    5. Jochen Mierau & Stephen Turnovsky, 2014. "Demography, growth, and inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 29-68, January.

  47. Stefan Schubert & Stephen Turnovsky, 2011. "The Impact of Energy Prices on Growth and Welfare in a Developing Open Economy," Open Economies Review, Springer, vol. 22(3), pages 365-386, July.

    Cited by:

    1. KARGI, Bilal, 2014. "The Effects of Oil Prices On Inflation and Growth: Time Series Analysis In Turkish Economy For 1988:01-2013:04 Period," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 5(2), pages 29-36.
    2. Arman Mansoorian, 2014. "On the Monetary Approach to the Balance of Payments," Open Economies Review, Springer, vol. 25(4), pages 721-737, September.
    3. Yazid Dissou & Lilia Karnizova & Qian Sun, 2012. "Industry-level Econometric Estimates of Energy-capital-labour Substitution with a Nested CES Production Function," Working Papers 1214E, University of Ottawa, Department of Economics.
    4. Hassan, Syeda Anam & Zaman, Khalid, 2012. "Effect of oil prices on trade balance: New insights into the cointegration relationship from Pakistan," Economic Modelling, Elsevier, vol. 29(6), pages 2125-2143.
    5. Arshad, Ameena & Zakaria, Muhammad & Junyang, Xi, 2016. "Energy prices and economic growth in Pakistan: A macro-econometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 25-33.
    6. Jinan Liu & Apostolos Serletis, 2022. "World Commodity Prices and Economic Activity in Advanced and Emerging Economies," Open Economies Review, Springer, vol. 33(2), pages 347-374, April.
    7. Fan, Wenrui & Wang, Zanxin, 2022. "Whether to abandon or continue the petroleum product price regulation in China？," Energy Policy, Elsevier, vol. 165(C).

  48. Stephen J. Turnovsky, 2011. "The Accumulation of Human Capital and Income Inequality in a Two-Sector Economy," Journal of Human Capital, University of Chicago Press, vol. 5(4), pages 418-452.

    Cited by:

    1. Arsham Reisinezhad, 2020. "Does income inequality feed the Dutch disease?," Working Papers halshs-03012653, HAL.
    2. Arsham Reisinezhad, 2018. "Economic Growth and Income Inequality in Resource Countries: Theory and Evidence," PSE Working Papers halshs-01707976, HAL.
    3. Haldar, Anasuya & Sethi, Narayan, 2022. "Effect of sectoral foreign aid allocation on growth and structural transformation in sub-Saharan Africa—Analysing the roles of institutional quality and human capital," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 1010-1026.
    4. Kirill Borissov & Stefano Bosi & Thai Ha-Huy & Leonor Modesto, 2017. "Heterogeneous Human Capital, Inequality and Growth: The Role of Patience and Skills," EUSP Department of Economics Working Paper Series 2017/03, European University at St. Petersburg, Department of Economics.
    5. Borissov, Kirill & Bosi, Stefano & Ha-Huy, Thai & Modesto, Leonor, 2016. "Inequality and Growth: The Role of Human Capital with Heterogeneous Skills," IZA Discussion Papers 10090, Institute of Labor Economics (IZA).
    6. Stephen J. Turnovsky & Aditi Mitra, 2013. "The Interaction between Human and Physical Capital Accumulation and the Growth-Inequality Trade-off," Journal of Human Capital, University of Chicago Press, vol. 7(1), pages 26-75.
    7. Acheampong, Alex O. & Dzator, Janet & Shahbaz, Muhammad, 2021. "Empowering the powerless: Does access to energy improve income inequality?," Energy Economics, Elsevier, vol. 99(C).
    8. Ünal Töngür & Adem Yavuz Elveren, 2016. "The impact of military spending and income inequality on economic growth in Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(3), pages 433-452, June.
    9. Alex O. Acheampong & Janet Dzator & Matthew Abunyewah & Michael Odei Erdiaw-Kwasie & Eric Evans Osei Opoku, 2023. "Sub-Saharan Africa’s Tragedy: Resource Curse, Democracy and Income Inequality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 168(1), pages 471-509, August.
    10. Maruta, Admasu Asfaw & Banerjee, Rajabrata & Cavoli, Tony, 2020. "Foreign aid, institutional quality and economic growth: Evidence from the developing world," Economic Modelling, Elsevier, vol. 89(C), pages 444-463.
    11. Töngür, Ünal & Elveren, Adem, 2013. "The Impact of Military Spending and Income Inequality on Economic Growth in Turkey, 1963-2008," EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey 251, Ekonomik Yaklasim Association.
    12. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.

  49. Atolia, Manoj & Chatterjee, Santanu & Turnovsky, Stephen J., 2010. "How misleading is linearization? Evaluating the dynamics of the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1550-1571, September.
    See citations under working paper version above.
  50. Chen, Yu-chin & Turnovsky, Stephen J., 2010. "Growth and inequality in a small open economy," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 497-514, June.
    See citations under working paper version above.
  51. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.

    Cited by:

    1. Burkhard Heer & Stefan Franz Schubert, 2011. "Unemployment and Debt Dynamics in a Highly Indebted Small Open Economy," CESifo Working Paper Series 3497, CESifo.
    2. Lim, Sokchea, 2021. "Policy to promote overseas migrant work: A macro-dynamic framework," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 113-125.
    3. Leonor Modesto & Carine Nourry & Thomas Seegmuller & Alain Venditti, 2020. "Growth and instability in a small open economy with debt," AMSE Working Papers 2012, Aix-Marseille School of Economics, France.
    4. Stefan Schubert & Stephen Turnovsky, 2011. "The Impact of Energy Prices on Growth and Welfare in a Developing Open Economy," Open Economies Review, Springer, vol. 22(3), pages 365-386, July.
    5. Chen, Kuan-Jen & Chu, Angus C. & Lai, Ching-Chong, 2014. "Home Production and Small Open Economy Business Cycles," MPRA Paper 59020, University Library of Munich, Germany.
    6. Pierre‐Richard Agénor & Timothy P. Jackson & Luiz A. Pereira da Silva, 2023. "Global banking, financial spillovers and macroprudential policy coordination," Economica, London School of Economics and Political Science, vol. 90(359), pages 1003-1040, July.
    7. Agénor, Pierre-Richard & Jia, Pengfei, 2020. "Capital controls and welfare with cross-border bank capital flows," Journal of Macroeconomics, Elsevier, vol. 65(C).
    8. Fakhraddin Maroofi & Parviz Kafchehi, 2012. "The Influence of Oil Prices on an Oil-Importing Developing Economy," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(4), pages 66-82, October.
    9. Lim, Sokchea & Morshed, A.K.M. Mahbub & Turnovsky, Stephen J., 2023. "Endogenous labor migration and remittances: Macroeconomic and welfare consequences," Journal of Development Economics, Elsevier, vol. 163(C).
    10. Schubert, Stefan F. & Turnovsky, Stephen J., 2011. "The impact of oil prices on an oil-importing developing economy," Journal of Development Economics, Elsevier, vol. 94(1), pages 18-29, January.
    11. Zarko Kalamov & Klaas Staal, 2016. "Public debt, bailouts, and common bonds," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 23(4), pages 670-692, August.
    12. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    13. Kalamov, Zarko Y. & Zimmermann, Karl J., 2023. "GDP-linked bonds and economic growth," Journal of International Money and Finance, Elsevier, vol. 137(C).
    14. Lim, Sokchea & Khun, Channary, 2022. "Macroeconomic impacts of remittances: A two-country, two-sector model," Journal of Macroeconomics, Elsevier, vol. 73(C).
    15. Juan Marroquín-Arreola & Humberto Ríos Bolívar, 2021. "Decisiones fiscales, crecimiento económico y desigualdad del ingreso," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-16, Octubre -.

  52. Koyuncu, Murat & Turnovsky, Stephen J., 2010. "Aggregate And Distributional Effects Of Tax Policy With Interdependent Preferences: The Role Of “Catching Up With The Joneses”," Macroeconomic Dynamics, Cambridge University Press, vol. 14(S2), pages 200-223, November.

    Cited by:

    1. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    2. Kazuo MIno & Yasuhiro Nakamoto, 2015. "Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 928, Kyoto University, Institute of Economic Research.
    3. Hof, Franz X. & Prettner, Klaus, 2020. "Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?," ECON WPS - Working Papers in Economic Theory and Policy 01/2020, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    4. Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2024. "Present-Biased Envy, Inequality, and Growth," CESifo Working Paper Series 11090, CESifo.
    5. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.

  53. Sibel Sirakaya & Stephen J. Turnovsky & Nedim M. Alemdar, 2009. "Trade, Growth, and Environmental Quality," Review of International Economics, Wiley Blackwell, vol. 17(5), pages 906-926, November.
    See citations under working paper version above.
  54. Valerie Cerra & Serpil Tekin & Stephen Turnovsky, 2009. "Foreign Transfers and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," Open Economies Review, Springer, vol. 20(2), pages 147-181, April.

    Cited by:

    1. Mariam Camarero & Josep Lluís Carrión-i-Silvestre & Cecilio Tamarit, 2020. "External imbalances from a GVAR perspective," Working Papers 2005, Department of Applied Economics II, Universidad de Valencia.
    2. Jonathan R. W. Temple & Nicolas Van de Sijpe, 2014. "Foreign Aid and Domestic Absorption," CSAE Working Paper Series 2014-01, Centre for the Study of African Economies, University of Oxford.
    3. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    4. Mr. Andrew Berg & Mr. Rafael A Portillo & Luis-Felipe Zanna, 2014. "Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime," IMF Working Papers 2014/018, International Monetary Fund.
    5. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    6. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    7. Takumi Naito, 2010. "Aid, non-traded goods, and growth," Canadian Journal of Economics, Canadian Economics Association, vol. 43(2), pages 423-439, May.
    8. Arman Mansoorian, 2014. "On the Monetary Approach to the Balance of Payments," Open Economies Review, Springer, vol. 25(4), pages 721-737, September.
    9. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    10. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    11. Olivier Cardi & Romain Restout, 2012. "Unanticipated vs. Anticipated Tax Reforms in a Two-Sector Open Economy," Working Papers of BETA 2012-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    12. Hur, Joonyoung & Lartey, Emmanuel K.K., 2016. "Financial openness, the financial accelerator and sectoral dynamics," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 277-290.

  55. García-Peñalosa, Cecilia & Turnovsky, Stephen J., 2009. "The Dynamics Of Wealth Inequality In A Simple Ramsey Model: A Note On The Role Of Production Flexibility," Macroeconomic Dynamics, Cambridge University Press, vol. 13(2), pages 250-262, April.

    Cited by:

    1. Stefano Bosi & Raouf Boucekkine & Thomas Seegmuller, 2010. "The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments," Working Papers halshs-00503195, HAL.
    2. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    3. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    4. Yasuhiro Nakamoto & Kazuo Mino & Yunfang Hu, 2024. "Preference Structures, Wealth Distribution, and Patterns of Trade in a Global Economy," KIER Working Papers 1105, Kyoto University, Institute of Economic Research.
    5. Lin, Pei-Chien & Huang, Ho-Chuan (River), 2012. "Inequality convergence revisited: Evidence from stationarity panel tests with breaks and cross correlation," Economic Modelling, Elsevier, vol. 29(2), pages 316-325.
    6. Juin-Jen Chang & Jang-Ting Guo & Wei-Neng Wang, 2021. "On Government Spending and Income Inequality under Monopolistic Competition," Working Papers 202103, University of California at Riverside, Department of Economics.
    7. G. C. Lim & Paul D. McNelis, 2014. "Income Inequality, Trade and Financial Openness," Melbourne Institute Working Paper Series wp2014n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    8. Lim, G.C. & McNelis, Paul D., 2016. "Income growth and inequality: The threshold effects of trade and financial openness," Economic Modelling, Elsevier, vol. 58(C), pages 403-412.
    9. Leonhard Frerick & Georg Müller-Fürstenberger & Martin Schmidt & Max Späth, 2022. "Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1135-1154, October.

  56. Turnovsky, Stephen J. & Basher, Md.A., 2009. "Fiscal policy and the structure of production in a two-sector developing economy," Journal of Development Economics, Elsevier, vol. 88(2), pages 205-216, March.

    Cited by:

    1. Marcelo Bergolo & Gabriel Burdin & Mauricio De Rosa & Matias Giaccobasso & Martín Leites, 2019. "Tax bunching at the Kink in the Presence of Low Capacity of Enforcement: Evidence From Uruguay," Documentos de Trabajo (working papers) 19-05, Instituto de Economía - IECON.
    2. Barbara Annicchiarico & Claudio Cesaroni, 2016. "Tax Reforms and the Underground Economy: A Simulation-Based Analysis," CEIS Research Paper 366, Tor Vergata University, CEIS, revised 10 Feb 2016.
    3. Ligthart, J.E. & van der Meijden, G.C., 2011. "The Dynamics of Revenue-Neutral Trade Liberalization," Other publications TiSEM 1d95686d-f518-4a0e-aad6-3, Tilburg University, School of Economics and Management.
    4. Gareth Liu-Evans & Shalini Mitra, 2023. "Formal sector enforcement and welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(3), pages 706-728, June.
    5. Jenny Ligthart & Gerard C. van der Meijden, 2010. "Coordinated Tax-Tari Reforms, Informality, and Welfare Distribution," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1029, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    6. Giuseppe Ciccarone & Francesco Giuli, 2012. "Underground labor, search frictions and macroeconomic fluctuations," Departmental Working Papers of Economics - University 'Roma Tre' 0159, Department of Economics - University Roma Tre.
    7. Rodrigo A. Cerda & Diego Saravia, 2009. "Optimal Taxation With Heterogeneous Firms," Working Papers Central Bank of Chile 518, Central Bank of Chile.
    8. Chatterjee, Santanu & Turnovsky, Stephen J., 2018. "Remittances and the informal economy," Journal of Development Economics, Elsevier, vol. 133(C), pages 66-83.
    9. Arbex, Marcelo & Turdaliev, Nurlan, 2011. "Optimal monetary and audit policy with imperfect taxation," Journal of Macroeconomics, Elsevier, vol. 33(2), pages 327-340, June.
    10. Ceyhun Elgin & Ferda Erturk, 2019. "Informal economies around the world: measures, determinants and consequences," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(2), pages 221-237, June.
    11. Gareth Liu-Evans & Shalini Mitra, 2020. "Formal sector enforcement and welfare," Working Papers 202030, University of Liverpool, Department of Economics.
    12. Cerda, Rodrigo A. & Saravia, Diego, 2013. "Optimal taxation with heterogeneous firms and informal sector," Journal of Macroeconomics, Elsevier, vol. 35(C), pages 39-61.
    13. Lim, Sokchea & Morshed, A.K.M. Mahbub & Turnovsky, Stephen J., 2023. "Endogenous labor migration and remittances: Macroeconomic and welfare consequences," Journal of Development Economics, Elsevier, vol. 163(C).
    14. Gnangnon, Sèna Kimm, 2020. "Internet and tax reform in developing countries," Information Economics and Policy, Elsevier, vol. 51(C).
    15. Dzhumashev, Ratbek & Levaggi, Rosella & Menoncin, Francesco, 2023. "Optimal tax enforcement with productive public inputs," Economic Modelling, Elsevier, vol. 126(C).
    16. Chatterjee, Santanu & Lebesmuehlbacher, Thomas & Narayanan, Abhinav, 2021. "How productive is public investment? Evidence from formal and informal production in India," Journal of Development Economics, Elsevier, vol. 151(C).
    17. Maurizio Bovi & Roy Cerqueti, 2014. "A quantitative view on policymakers’ goal, institutions and tax evasion," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(3), pages 1493-1510, May.
    18. Gupta, Manash Ranjan & Barman, Trishita Ray, 2015. "Environmental Pollution, Informal Sector, Public Expenditure And Economic Growth," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(1), pages 73-91, June.
    19. van der Meijden, G.C., 2013. "The macroeconomic dynamics of trade liberalization, resource exploitation, and backstop technologies," Other publications TiSEM 988fc892-3596-4af3-9964-d, Tilburg University, School of Economics and Management.
    20. Jesús J. Rodríguez De Luque, 2014. "Efectos de las políticas tributaria y fiscalizadora sobre el tamano del sector informal en Colombia," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, August.
    21. Julia Friesen & Konstantin M. Wacker, 2019. "Who is Afraid of Informal Competition? The Role of Finance for Firms in Developing and Emerging Economies," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 31(4), pages 1126-1146, September.

  57. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.

    Cited by:

    1. Mykhaylova Olena & Staveley-O’Carroll James, 2014. "International transmission of productivity shocks with nonzero net foreign debt," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 579-624, January.
    2. Giscard Assoumou-ella, 2019. "Gender Inequality in Education and per capita GDP: the case of CEMAC Countries," Economics Bulletin, AccessEcon, vol. 39(2), pages 1154-1162.
    3. Rasmané OUEDRAOGO & Jean-Louis COMBES, 2014. "How does external debt impact democratization? Evidence from developing countries," Working Papers 201408, CERDI.
    4. Burkhard Heer & Stefan Franz Schubert, 2011. "Unemployment and Debt Dynamics in a Highly Indebted Small Open Economy," CESifo Working Paper Series 3497, CESifo.
    5. Mehmet BÖLÜKBAŞ & Osman PEKER, 2017. "Ticari Dışa Açıklık ve Dış Ticaret Hadleri Dış Borçlanma Üzerinde Etkili mi? Türkiye İçin Bir Analiz," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(34).
    6. Mahmood, Asif & Asif, Hashaam, 2023. "Terms-of-Trade Shocks, External Adjustments and Growth in Pakistan: How Much to Sacrifice," MPRA Paper 118726, University Library of Munich, Germany.
    7. James Staveley-O'Carroll & Olena M. Staveley-O'Carroll, 2016. "Exchange Rate Targeting in the Presence of Foreign Debt Obligations," Working Papers 1604, College of the Holy Cross, Department of Economics.
    8. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    9. Chang Wen-ya & Tsai Hsueh-fang & Chang Juin-jen & Lin Hsieh-yu, 2018. "Interest rate rules and equilibrium (in)determinacy in a small open economy: the role of internationally traded capital," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-18, June.
    10. Zhang, Wei-Bin, 2017. "The Impact of Imported Energy and Goods Prices on Growth and Trade Balance of a Small Open Economy," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 2(2), pages 99-116, June.
    11. Nolazco, José Luis & Lengua-Lafosse, Patricia & Céspedes, Nikita, 2016. "Contribución de los choques externos en el Crecimiento Económico del Perú: un modelo semi-estructural," Working Papers 2016-006, Banco Central de Reserva del Perú.
    12. Tarlok Singh, 2023. "Do terms of trade affect economic growth? Robust evidence from India," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(2), pages 491-521, April.
    13. Johnson, Paul & Papageorgiou, Chris, 2018. "What Remains of Cross-Country Convergence?," MPRA Paper 89355, University Library of Munich, Germany.
    14. Chen Fang & Po-Sheng Lin, 2013. "Traded Bond Denominations, Shock Persistence and Current Account Dynamics: Another Look at the Harberger–Laursen–Metzler Effect," Pacific Economic Review, Wiley Blackwell, vol. 18(4), pages 502-529, October.
    15. Piotr Misztal, 2010. "The Harberger-Laursen-Metzler Effect. Theory and Practice in Poland," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 13(38), pages 129-146, December.
    16. SENBETA, Sisay Regassa, 2011. "A small open economy new Keynesian DSGE model for a foreign exchange constrained economy," Working Papers 2011004, University of Antwerp, Faculty of Business and Economics.
    17. Audrey Sallenave, 2010. "Real exchange rate misalignments and economic performance for the G20 countries," EconomiX Working Papers 2010-1, University of Paris Nanterre, EconomiX.
    18. Pedro de Mendonça, 2013. "Nonlinear Phenomena in a Growing Economy with Convex Adjustment Costs," EERI Research Paper Series EERI RP 2013/05, Economics and Econometrics Research Institute (EERI), Brussels.
    19. Wei-Bin Zhang, 2018. "Business Cycles, Growth, And Imported Energy In A Small-Open Growth Model," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(2), pages 7-21, September.
    20. Désiré Avom & Brice Kamguia & Joseph Pasky Ngameni, 2021. "Does volatility hinder economic complexity?," Economics Bulletin, AccessEcon, vol. 41(3), pages 1187-1202.
    21. Erauskin, Iñaki & Gardeazabal, Javier, 2017. "The terms of trade, the external balance, and the size of the net foreign asset position," International Review of Economics & Finance, Elsevier, vol. 50(C), pages 245-260.

  58. Goncalo Monteiro & Stephen J. Turnovsky, 2008. "The composition of productive government expenditure," Indian Growth and Development Review, Emerald Group Publishing Limited, vol. 1(1), pages 57-83, April.

    Cited by:

    1. Florian Misch & Norman Gemmell & Richard Kneller, 2014. "Using surveys of business perceptions as a guide to growth-enhancing fiscal reforms," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(4), pages 683-725, October.
    2. Boniface Pepino Yemba, 2017. "Tax and monetary policy rules in a small open economy with disaggregated government purchases," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 10(2), pages 144-182.
    3. Florian Misch & Norman Gemmell & Richard Kneller, 2008. "Business Perceptions, Fiscal Policy and Growth," Discussion Papers 08/10, University of Nottingham, CREDIT.
    4. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43, May.
    5. Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
    6. Chiara DEL BO, 2009. "Recent advances in public investment, fiscal policy and growth," Departmental Working Papers 2009-25, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    7. Simon Wiederhold, 2009. "Government Spending Composition in a Simple Model of Schumpeterian Growth," Jena Economics Research Papers 2009-101, Friedrich-Schiller-University Jena.
    8. Mustafa Edwin Nasution & Imam Wahyudi, 2017. "Government fiscal policy impact analysis in infrastructure sector and education sector to improve public welfare," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 9(1), pages 51-65, April.
    9. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    10. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2015. "Long-run growth and welfare in a two sector endogenous growth model with productive and non-productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 218-234.
    11. Zhang, Lifeng & Ru, Yucong & Li, Jingkui, 2016. "Optimal tax structure and public expenditure composition in a simple model of endogenous growth," Economic Modelling, Elsevier, vol. 59(C), pages 352-360.

  59. Turnovsky, Stephen J. & Garci­a-Peñalosa, Cecilia, 2008. "Distributional dynamics in a neoclassical growth model: The role of elastic labor supply," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1399-1431, May.

    Cited by:

    1. Marcel Aloy & Gilles de Truchis, 2012. "Estimation and Testing for Fractional Cointegration," AMSE Working Papers 1215, Aix-Marseille School of Economics, France.
    2. Krawczyk, Jacek B & Townsend, Wilbur, 2015. "New Zealand inequality and the struggle between capital and labour," Working Paper Series 19251, Victoria University of Wellington, School of Economics and Finance.
    3. Stefano Bosi & Raouf Boucekkine & Thomas Seegmuller, 2010. "The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments," Working Papers halshs-00503195, HAL.
    4. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    5. Carneiro, Fernando Moraes & Turnovsky, Stephen J. & Tourinho, Octavio Augusto Fontes, 2022. "Economic growth and inequality tradeoffs under progressive taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    6. Kazuo Mino & Yasuhiro Nakamoto, 2008. "Progressive Taxation, Wealth Distribution, and Macroeconomic Stability," Discussion Papers in Economics and Business 08-22, Osaka University, Graduate School of Economics.
    7. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2021. "Differential Tariffs and Income Inequality in the United States: Some Evidence from the States," Open Economies Review, Springer, vol. 32(1), pages 1-35, February.
    8. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    9. Cecilia Garc√Ça-Pe√Ëalosa & Stephen J. Turnovsky, 2011. "Taxation and Income Distribution Dynamics in a Neoclassical Growth Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1543-1577, December.
    10. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    11. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2009. "Growth and Inequality: Dependence of the Time Path of Productivity Increases (and other Structural Changes)," Working Papers wp2009_01_02, Department of Economics, Florida State University.
    12. Yoichi Gokan & Stephen J. Turnovsky, 2021. "Wealth and income inequality in a monetary economy," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 225-245, October.
    13. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    14. Chen, Yu-chin & Turnovsky, Stephen J., 2010. "Growth and inequality in a small open economy," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 497-514, June.
    15. Zhang Wei-Bin, 2014. "Land Value and Rent Dynamics in an Integrated Walrasian General Equilibrium and Neoclassical Growth Theory," Scientific Annals of Economics and Business, Sciendo, vol. 61(2), pages 235-258, December.
    16. G. C. Lim & Paul D. McNelis, 2008. "Cyclical Government Spending, Income Inequality and Welfare in Small Open Economies," Melbourne Institute Working Paper Series wp2008n18, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    17. Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Infrastructure and inequality," European Economic Review, Elsevier, vol. 56(8), pages 1730-1745.
    18. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    19. Atolia, Manoj & Papageorgiou, Chris & Turnovsky, Stephen J., 2021. "Re-opening after the lockdown: Long-run aggregate and distributional consequences of COVID-19," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    20. Stephen J. Turnovsky & Iñaki Erauskin, 2022. "Productive government expenditure and its impact on income inequality: evidence from international panel data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 331-364, February.
    21. Daisuke Miyashita, 2023. "Public debt and income inequality in an endogenous growth model with elastic labor supply," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 447-472, August.
    22. Jorge Rojas-Vallejos & Stephen Turnovsky, 2015. "Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality," Open Economies Review, Springer, vol. 26(4), pages 601-631, September.
    23. Juin-Jen Chang & Jang-Ting Guo & Wei-Neng Wang, 2021. "On Government Spending and Income Inequality under Monopolistic Competition," Working Papers 202103, University of California at Riverside, Department of Economics.
    24. Cecilia García-Peñalosa & Stephen J. Turnovsky, 2012. "Income Inequality, Mobility, and the Accumulation of Capital. The role of Heterogeneous Labor Productivity," AMSE Working Papers 1216, Aix-Marseille School of Economics, France.
    25. Sondes Kahouli & Xavier Pautrel, 2020. "Residential and Industrial Energy Efficiency Improvement: A Dynamic General Equilibrium Analysis of the Rebound Effect," Working Papers 2020.28, Fondazione Eni Enrico Mattei.
    26. Zheng, Zhijie & Huang, Chien-Yu & Wan, Xi, 2020. "Human Capital and Income Inequality in a Monetary Schumpeterian Growth Model," MPRA Paper 101912, University Library of Munich, Germany.
    27. Kahouli, Sondes & Pautrel, Xavier, 2020. "Residential and Industrial Energy Efficiency Improvement: A Dynamic General Equilibrium Analysis of the Rebound Effect," FEP: Future Energy Program 308024, Fondazione Eni Enrico Mattei (FEEM) > FEP: Future Energy Program.
    28. Wei-Bin Zhang, 2014. "Growth and inequality examined by integrating the Walrasian general equilibrium and neoclassical growth theories," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 7(1), pages 7-32, April.
    29. Yoseph Getachew & Stephen Turnovsky, 2015. "Productive Government Spending and its Consequences for the Growth–Inequality Tradeoff," Working Papers 201520, University of Pretoria, Department of Economics.
    30. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    31. Maebayashi, Noritaka & Murahara, Hideki, 2022. "A new characterization of consumer heterogeneity in a growing economy," MPRA Paper 114887, University Library of Munich, Germany.
    32. García-Peñalosa, Cecilia & Turnovsky, Stephen J., 2015. "Income Inequality, Mobility, And The Accumulation Of Capital," Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1332-1357, September.
    33. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.
    34. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.
    35. Stephen J. Turnovsky, 2013. "The relationship between economic growth and inequality," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(2), pages 113-139, August.
    36. Leonhard Frerick & Georg Müller-Fürstenberger & Martin Schmidt & Max Späth, 2022. "Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1135-1154, October.

  60. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.

    Cited by:

    1. Riham Barbar & Jean-Paul Barinci, 2009. "Consumption Externalities, Heterogeneous Agents and Cycles," Documents de recherche 09-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    2. Koyuncu, Murat, 2011. "Can progressive taxation account for cross-country variation in labor supply?," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1474-1488, September.
    3. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," ISU General Staff Papers 201904010700001060, Iowa State University, Department of Economics.
    4. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "The Relative Income Hypothesis," CIRANO Working Papers 2008s-18, CIRANO.
    5. Yamada, Katsunori & Sato, Masayuki, 2013. "Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
    6. Kazuo MIno & Yasuhiro Nakamoto, 2015. "Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 928, Kyoto University, Institute of Economic Research.
    7. Dioikitopoulos, Evangelos & Turnovsky, Stephen & Wendner, Ronald, 2017. "Dynamic Status Effects, Savings, and Income Inequality," MPRA Paper 81005, University Library of Munich, Germany.
    8. Tiago V. V. Cavalcanti & Chryssi Giannitsarou & Charles R. Johnson, 2017. "Network cohesion," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 1-21, June.
    9. Allen, Jeffrey & Chakraborty, Shankha, 2022. "Inequality and the Ability to Aspire," Journal of Economic Behavior & Organization, Elsevier, vol. 203(C), pages 264-283.
    10. Pintea Mihaela, 2020. "Dynamics of female labor force participation and welfare with multiple social reference groups," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-23, January.
    11. Camacho, Carmen & Harmankaya, Fatih & Sağlam, Çağrı, 2020. "Social status pursuit, distribution of bequests and inequality," Economic Modelling, Elsevier, vol. 86(C), pages 183-191.
    12. Schünemann, Johannes & Trimborn, Timo, 2017. "Boosting taxes for boasting about houses: Status concerns in the housing market," ECON WPS - Working Papers in Economic Theory and Policy 05/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    13. Allen, Jeffrey & Chakraborty, Shankha, 2015. "Aspirations, Health and the Cost of Inequality," MPRA Paper 64087, University Library of Munich, Germany.
    14. Michel Denuit & Rachel Huang & Larry Tzeng, 2014. "Bivariate almost stochastic dominance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(2), pages 377-405, October.
    15. Prettner, Klaus & Hof, Franz, 2016. "The Quest for Status and R&D-based Growth," VfS Annual Conference 2016 (Augsburg): Demographic Change 145554, Verein für Socialpolitik / German Economic Association.
    16. Curatola, Giuliano, 2017. "Portfolio choice and asset prices when preferences are interdependent," Journal of Economic Behavior & Organization, Elsevier, vol. 140(C), pages 197-223.
    17. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2018. "The Fight-or-Flight Response to the Joneses and Income Inequality," ISU General Staff Papers 201812120800001060, Iowa State University, Department of Economics.
    18. Zhenhua Feng & Jaimie W. Lien & Jie Zheng, 2018. "Keeping up with the Neighbors: Social Interaction in a Production Economy," Mathematics, MDPI, vol. 6(9), pages 1-14, September.
    19. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 13_2012, CRISEI, University of Naples "Parthenope", Italy.
    20. Hof, Franz X. & Prettner, Klaus, 2020. "Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?," ECON WPS - Working Papers in Economic Theory and Policy 01/2020, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    21. Tournemaine, Frederic & Tsoukis, Christopher, 2015. "The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state," Economic Modelling, Elsevier, vol. 47(C), pages 235-243.
    22. Kazuo MIno & Yasuhiro Nakamoto, 2014. "Conformism and Wealth Distribution," KIER Working Papers 901, Kyoto University, Institute of Economic Research.
    23. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2008. "Choosing to Keep Up with the Joneses and Income Inequality," Staff General Research Papers Archive 12862, Iowa State University, Department of Economics.
    24. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    25. Riham BARBAR & Jean-Paul BARINCI, 2009. "Consumption Externalities, Endogenous Discounting, Heterogeneity and Cycles," EcoMod2009 21500008, EcoMod.
    26. Mathieu-Bolh, Nathalie & Wendner, Ronald, 2020. "We are what we eat: Obesity, income, and social comparisons," European Economic Review, Elsevier, vol. 128(C).
    27. Katsunori Yamada & Masayuki Sato & Yasuhiro Nakamoto, 2009. "Measurement of Social Preference from Utility-Based Choice Experiments," ISER Discussion Paper 0759, Institute of Social and Economic Research, Osaka University.
    28. Kazuo Mino & Yasuhiro Nakamoto, 2009. "Consumption Externalities and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 683, Kyoto University, Institute of Economic Research.
    29. Borissov, Kirill & Kalk, Andrei, 2020. "Public debt, positional concerns, and wealth inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 96-111.
    30. Barnett, Richard & Bhattacharya, Joydeep & Bunzel, Helle, 2016. "The Fight-or-Flight Response to the Joneses," School of Economics Working Paper Series 2016-12, LeBow College of Business, Drexel University.
    31. Heikkinen, T., 2015. "(De)growth and welfare in an equilibrium model with heterogeneous consumers," Ecological Economics, Elsevier, vol. 116(C), pages 330-340.
    32. Yutaro Hatta, 2013. "Wealth Distribution Dynamics with Status Preference: asymmetric motivations for status," Discussion Papers in Economics and Business 13-08, Osaka University, Graduate School of Economics.
    33. Kirill Borissov & Mikhail Pakhnin & Ronald Wendner, 2024. "Present-Biased Envy, Inequality, and Growth," CESifo Working Paper Series 11090, CESifo.
    34. Curatola, Giuliano, 2016. "Preference evolution and the dynamics of capital markets," SAFE Working Paper Series 128, Leibniz Institute for Financial Research SAFE.
    35. Magalhães Manuela & Sequeira Tiago Neves, 2019. "Redistributive policies and technology diffusion," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(1), pages 1-23, January.
    36. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.

  61. Kazi Iqbal & Stephen J. Turnovsky, 2008. "Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(1), pages 27-53, February.
    See citations under working paper version above.
  62. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.

    Cited by:

    1. Chirinko, Robert S., 2008. "[sigma]: The long and short of it," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 671-686, June.
    2. Hosoya, Kei, 2023. "Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach," Journal of Macroeconomics, Elsevier, vol. 76(C).
    3. Gómez Manuel A., 2010. "Endogenous Growth, Habit Formation and Convergence Speed," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-32, January.
    4. Temple, Jonathan & Postel-Vinay, Fabien & Carter, Patrick, 2013. "Dynamic Aid Allocation," CEPR Discussion Papers 9596, C.E.P.R. Discussion Papers.
    5. Cui, Xiaoyong & Gong, Liutang, 2008. "Foreign aid, domestic capital accumulation, and foreign borrowing," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1269-1284, September.
    6. Robert S. Chirinko, 2008. "ó: The Long And Short Of It," CESifo Working Paper Series 2234, CESifo.
    7. Anastastia Litina & Theodore Palivos, 2008. "The Behaviour of the Saving Rate in the Neoclassical Optimal Growth Model," Discussion Paper Series 2008_05, Department of Economics, University of Macedonia, revised Jun 2008.
    8. Michael Knoblach & Fabian Stöckl, 2020. "What Determines The Elasticity Of Substitution Between Capital And Labor? A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 847-875, September.
    9. Kemnitz, Alexander & Knoblach, Michael, 2020. "Endogenous sigma-augmenting technological change: An R&D-based approach," CEPIE Working Papers 02/20, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    10. Manuel A. Gómez, 2020. "Factor substitution, long‐run growth, and speed of convergence in the one‐sector convex endogenous‐growth model," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 2-21, February.
    11. Mallick, Debdulal, 2010. "Capital-labor substitution and balanced growth," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1131-1142, December.
    12. Bazán Navarro, Ciro Eduardo & Benazic Tomé, Renato Mario, 2024. "Qualitative behavior in a fractional order IS-LM-AS macroeconomic model with stability analysis," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 217(C), pages 425-443.

  63. Chatterjee, Santanu & Turnovsky, Stephen J., 2007. "Foreign aid and economic growth: The role of flexible labor supply," Journal of Development Economics, Elsevier, vol. 84(1), pages 507-533, September.
    See citations under working paper version above.
  64. Cecilia Garcõa-Peñalosa & Stephen J. Turnovsky, 2007. "Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade-offs?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2-3), pages 369-394, March.
    See citations under working paper version above.
  65. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    See citations under working paper version above.
  66. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.

    Cited by:

    1. Benos, Nikos, 2009. "Fiscal policy and economic growth: empirical evidence from EU countries," MPRA Paper 19174, University Library of Munich, Germany.
    2. Eleftherios Goulas & Athina Zervoyianni, 2012. "Growth, Deficits and Uncertainty in a Panel of 28 Countries," Working Paper series 52_12, Rimini Centre for Economic Analysis.
    3. Bhattacharyya, Chandril, 2014. "A Note on Endogenous Growth with Public Capital," MPRA Paper 55728, University Library of Munich, Germany.
    4. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    5. Cheng-wei Chang & Ching-chong Lai, 2021. "Optimal fiscal policies and market structures with monopolistic competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1385-1411, December.
    6. Chang Cheng-Wei & Lai Ching-Chong, 2017. "Macroeconomic (in)stability and endogenous market structure with productive government expenditure," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 21(2), pages 1-16, April.

  67. S. Sirakaya & Stephen Turnovsky & M. Alemdar, 2006. "Feedback Approximation of the Stochastic Growth Model by Genetic Neural Networks," Computational Economics, Springer;Society for Computational Economics, vol. 27(2), pages 185-206, May.
    See citations under working paper version above.
  68. Turnovsky, Stephen J. & Pintea, Mihaela, 2006. "Public and private production in a two-sector economy," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 273-302, June.

    Cited by:

    1. T. Buyse & F. Heylen, 2012. "Leaving the empirical (battle)ground: Output and welfare effects of fiscal consolidation in general equilibrium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/826, Ghent University, Faculty of Economics and Business Administration.
    2. Bhattacharyya, Chandril, 2014. "A Note on Endogenous Growth with Public Capital," MPRA Paper 55728, University Library of Munich, Germany.
    3. Chatterjee, Santanu, 2007. "Should The Private Sector Provide Public Capital?," Macroeconomic Dynamics, Cambridge University Press, vol. 11(3), pages 318-346, June.
    4. Kei Hosoya, 2017. "Accounting for Growth Disparity: Lucas's Framework Revisited," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 874-887, August.
    5. Bara, Aman Appolinus & Chakraborty, Bidisha, 2019. "Why should the government provide the infrastructure through the Public-Private Partnership mode?," MPRA Paper 95008, University Library of Munich, Germany.
    6. Economides, George & Philippopoulos, Apostolis & Vassilatos, Vanghelis, 2014. "Public, or private, providers of public goods? A dynamic general equilibrium study," European Journal of Political Economy, Elsevier, vol. 36(C), pages 303-327.
    7. Mihaela Pintea, 2004. "Fiscal Policy in a Two-Sector Economy with Public Capital and Congestion," Computing in Economics and Finance 2004 55, Society for Computational Economics.
    8. Miyake, Yusuke, 2021. "Public capital and childcare capital in the two sector growth model," MPRA Paper 108311, University Library of Munich, Germany.
    9. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    10. Báger, Gusztáv & Galbács, Péter & Pulay, Gyula, 2012. "Az állami költségvetés makrogazdasági kockázatainak elemzése [Analysing macroeconomic risks in the state budget]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 1014-1036.

  69. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    See citations under working paper version above.
  70. Stefan F. Schubert & Stephen J. Turnovsky, 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, Verein für Socialpolitik, vol. 7(2), pages 135-161, May.

    Cited by:

    1. Stefan F. Schubert & Juan Gabriel Brida, 2009. "Macroeconomic Effects of Changes in Tourism Demand: A Simple Dynamic Model," Tourism Economics, , vol. 15(3), pages 591-613, September.
    2. Winkler, Roland C. & Wohltmann, Hans-Werner, 2006. "Anticipated Raw Materials Price Shocks and Monetary Policy Response - A New Keynesian Approach," Economics Working Papers 2006-19, Christian-Albrechts-University of Kiel, Department of Economics.

  71. Ingrid Ott & Stephen J. Turnovsky, 2006. "Excludable and Non‐excludable Public Inputs: Consequences for Economic Growth," Economica, London School of Economics and Political Science, vol. 73(292), pages 725-748, November.
    See citations under working paper version above.
  72. Cecilia García-Peñalosa & Stephen Turnovsky, 2006. "Growth and income inequality: a canonical model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(1), pages 25-49, May.
    See citations under working paper version above.
  73. A. K. M. Mahbub Morshed & Stephen J. Turnovsky, 2006. "Elasticity of Substitution and the Persistence of the Deviation of the Real Exchange Rates," Review of Development Economics, Wiley Blackwell, vol. 10(3), pages 411-433, August.
    See citations under working paper version above.
  74. Garcia-Penalosa, Cecilia & Turnovsky, Stephen J., 2005. "Production risk and the functional distribution of income in a developing economy: tradeoffs and policy responses," Journal of Development Economics, Elsevier, vol. 76(1), pages 175-208, February.
    See citations under working paper version above.
  75. Garcia Penalosa, Cecilia & Turnovsky, Stephen J., 2005. "Second-best optimal taxation of capital and labor in a developing economy," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1045-1074, June.
    See citations under working paper version above.
  76. Turnovsky, Stephen J. & Bianconi, Marcelo, 2005. "Welfare Gains From Stabilization In A Stochastically Growing Economy With Idiosyncratic Shocks And Flexible Labor Supply," Macroeconomic Dynamics, Cambridge University Press, vol. 9(3), pages 321-357, June.
    See citations under working paper version above.
  77. Liu, Wen-Fang & Turnovsky, Stephen J., 2005. "Consumption externalities, production externalities, and long-run macroeconomic efficiency," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1097-1129, June.

    Cited by:

    1. Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108335, University Library of Munich, Germany.
    2. Francisco Alvarez-Cuadrado & Ngo Van Long, 2009. "Envy And Inequality," Departmental Working Papers 2009-03, McGill University, Department of Economics.
    3. Riham Barbar & Jean-Paul Barinci, 2009. "Consumption Externalities, Heterogeneous Agents and Cycles," Documents de recherche 09-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    4. Juin‐Jen Chang & Jhy‐Hwa Chen & Jhy‐Yuan Shieh & Ching‐Chong Lai, 2009. "Optimal Tax Policy, Market Imperfections, and Environmental Externalities in a Dynamic Optimizing Macro Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(4), pages 623-651, August.
    5. Vincenzo Lombardo, 2013. "Relative consumption and human capital accumulation," Economics Bulletin, AccessEcon, vol. 33(2), pages 1091-1100.
    6. Thi Kim Cuong Pham, 2019. "Keeping up with or running away from the Joneses: the Barro model revisited," Journal of Economics, Springer, vol. 126(2), pages 179-192, March.
    7. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," ISU General Staff Papers 201904010700001060, Iowa State University, Department of Economics.
    8. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "The Relative Income Hypothesis," CIRANO Working Papers 2008s-18, CIRANO.
    9. Yamada, Katsunori & Sato, Masayuki, 2013. "Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
    10. Kazuo MIno & Yasuhiro Nakamoto, 2015. "Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 928, Kyoto University, Institute of Economic Research.
    11. Goerke, Laszlo & Neugart, Michael, 2017. "Social comparisons in oligopsony," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168095, Verein für Socialpolitik / German Economic Association.
    12. Wendner, Ronald, 2010. "Ramsey, Pigou, and a Consumption Externality," MPRA Paper 21356, University Library of Munich, Germany.
    13. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2017. "Optimal tax policy in the presence of productive, consumption, and leisure externalities," Economics Letters, Elsevier, vol. 152(C), pages 62-65.
    14. Wendner, Ronald & Ghosh, Sugata, 2017. "Positional Preferences: Efficiency and Distortions under Welfarist- and Paternalistic Governments," MPRA Paper 77839, University Library of Munich, Germany.
    15. Sjögren, Tomas, 2016. "Consumption Norms with Endogenous Norm Beliefs – Implications for Welfare, Commodity Taxation and Income Redistribution," Umeå Economic Studies 938, Umeå University, Department of Economics.
    16. Wang, Gaowang & Zou, Heng-fu, 2014. "Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation," Economic Modelling, Elsevier, vol. 38(C), pages 282-287.
    17. Chi‐Ting Chin & Ching‐Chong Lai & Ming‐Ruey Kao, 2010. "Welfare‐Maximising Pricing In A Macroeconomic Model With Imperfect Competition And Consumption Externalities," Australian Economic Papers, Wiley Blackwell, vol. 49(3), pages 200-208, September.
    18. Monteiro, Goncalo & Cook, Adam & Dey, Sanjoy, 2013. "Optimal tax policy under habit formation and capital utilization," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 230-248.
    19. Afonso, António & González Alegre, Juan, 2008. "Economic growth and budgetary components: a panel assessment for the EU," Working Paper Series 848, European Central Bank.
    20. Julia Sophie Woersdorfer, 2008. "From Status-Seeking Consumption to Social Norms. An Application to the Consumption of Cleanliness," Papers on Economics and Evolution 2008-10, Philipps University Marburg, Department of Geography.
    21. Chang, Juin-jen & Liu, Chia-ying & Wang, Wei-neng, 2018. "Conspicuous consumption and trade unionism," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 350-366.
    22. Hassan Benchekroun & Ngo Van Long, 2016. "Status Concern and the Exploitation of Common Pool Renewable Resources," CIRANO Working Papers 2016s-11, CIRANO.
    23. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    24. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "A Permanent Income Version of the Relative Income Hypothesis," CESifo Working Paper Series 2361, CESifo.
    25. Dimitris Georgarakos & Michael Haliassos & Giacomo Pasini, 2014. "Household Debt and Social Interactions," The Review of Financial Studies, Society for Financial Studies, vol. 27(5), pages 1404-1433.
    26. Moritz Drechsel-Grau & Kai D. Schmid, 2013. "Consumption-Savings Decisions under Upward Looking Comparisons: Evidence from Germany, 2002-2011," SOEPpapers on Multidisciplinary Panel Data Research 594, DIW Berlin, The German Socio-Economic Panel (SOEP).
    27. Dioikitopoulos, Evangelos & Turnovsky, Stephen & Wendner, Ronald, 2017. "Dynamic Status Effects, Savings, and Income Inequality," MPRA Paper 81005, University Library of Munich, Germany.
    28. Wendner, Ronald, 2009. "Growth and Keeping up with the Joneses," MPRA Paper 18001, University Library of Munich, Germany.
    29. Xiang Wei & Hailin Qu & Emily Ma, 2018. "Household Chores, Time Allocation and Job Performance: An Empirical Study from Chinese Manufacturing Workers," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(3), pages 1109-1129, October.
    30. Pintea Mihaela, 2020. "Dynamics of female labor force participation and welfare with multiple social reference groups," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-23, January.
    31. Camacho, Carmen & Harmankaya, Fatih & Sağlam, Çağrı, 2020. "Social status pursuit, distribution of bequests and inequality," Economic Modelling, Elsevier, vol. 86(C), pages 183-191.
    32. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "Relative Consumption and Resource Extraction," CIRANO Working Papers 2008s-27, CIRANO.
    33. Irakli Japaridze, 2019. "Envy, inequality and fertility," Review of Economics of the Household, Springer, vol. 17(3), pages 923-945, September.
    34. Arsen Palestini & Giuseppe Pignataro, 2023. "Inequality assessment in a dynamic framework with heterogenous agents," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 469-494, July.
    35. Alonso-Carrera, Jaime & Caballé, Jordi & Raurich, Xavier, 2008. "Estate taxes, consumption externalities, and altruism," Journal of Public Economics, Elsevier, vol. 92(7), pages 1751-1764, July.
    36. K. Hori & A. Shibata, 2010. "Dynamic Game Model of Endogenous Growth with Consumption Externalities," Journal of Optimization Theory and Applications, Springer, vol. 145(1), pages 93-107, April.
    37. Schünemann, Johannes & Trimborn, Timo, 2017. "Boosting taxes for boasting about houses: Status concerns in the housing market," ECON WPS - Working Papers in Economic Theory and Policy 05/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    38. Jaime Alonso-Carrera & Jordi Caballé & Xavier Raurich, 2005. "Can consumption spillovers be a source of equilibrium indeterminacy?," 2005 Meeting Papers 362, Society for Economic Dynamics.
    39. Prettner, Klaus & Hof, Franz, 2016. "The Quest for Status and R&D-based Growth," VfS Annual Conference 2016 (Augsburg): Demographic Change 145554, Verein für Socialpolitik / German Economic Association.
    40. Wendner, Ronald, 2011. "Will the consumption externalities' effects in the Ramsey model please stand up?," Economics Letters, Elsevier, vol. 111(3), pages 210-212, June.
    41. Alvarez-Cuadrado, Francisco & El-Attar, Mayssun, 2012. "Income Inequality and Saving," IZA Discussion Papers 7083, Institute of Labor Economics (IZA).
    42. Alison Felix, 2007. "The incidence of capital taxation and the magnitude of its burden," Regional Research Working Paper RRWP 07-02, Federal Reserve Bank of Kansas City.
    43. Eckerstorfer, Paul & Wendner, Ronald, 2013. "Asymmetric and non-atmospheric consumption externalities, and efficient consumption taxation," Journal of Public Economics, Elsevier, vol. 106(C), pages 42-56.
    44. Wendner, Ronald, 2011. "Ramsey, Pigou, heterogenous agents, and non-atmospheric consumption externalities," MPRA Paper 35015, University Library of Munich, Germany.
    45. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2018. "The Fight-or-Flight Response to the Joneses and Income Inequality," ISU General Staff Papers 201812120800001060, Iowa State University, Department of Economics.
    46. Francisco Alvarez-Cuadrado & Jose Maria Casado & Jose Maria Labeaga, 2016. "Envy and Habits: Panel Data Estimates of Interdependent Preferences," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(4), pages 443-469, August.
    47. Simone Valente, 2007. "International Status Seeking, Trade, and Growth Leadership," CER-ETH Economics working paper series 07/75, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    48. Kazuo Mino, 2008. "Growth And Bubbles With Consumption Externalities," The Japanese Economic Review, Japanese Economic Association, vol. 59(1), pages 33-53, March.
    49. Manuel A. Gómez, 2022. "The good, the bad and the worse: current, past and future consumption externalities and equilibrium efficiency," Journal of Economics, Springer, vol. 137(3), pages 195-228, December.
    50. Takeo Hori, 2011. "The effects of consumption externalities in an R&D-based growth model with endogenous skilled and unskilled labor supply," Journal of Economics, Springer, vol. 102(1), pages 29-55, January.
    51. Manuel A. Gómez, 2010. "The welfare cost of external habits: a quantitative assessment," Estudios de Economia, University of Chile, Department of Economics, vol. 37(1 Year 20), pages 5-26, June.
    52. Minyi Huang, 2013. "A Mean Field Capital Accumulation Game with HARA Utility," Dynamic Games and Applications, Springer, vol. 3(4), pages 446-472, December.
    53. Caballé, Jordi & Moro-Egido, Ana I., 2021. "Do aspirations reduce differences in wealth accumulation?," Economic Modelling, Elsevier, vol. 102(C).
    54. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 13_2012, CRISEI, University of Naples "Parthenope", Italy.
    55. Hof, Franz X. & Prettner, Klaus, 2020. "Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?," ECON WPS - Working Papers in Economic Theory and Policy 01/2020, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    56. Darong Dai, 2020. "Voting over selfishly optimal tax schedules: Can Pigouvian tax redistribute income?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1660-1686, September.
    57. Koichi Fukumura, 2015. "The effects of education externality on schooling," Discussion Papers in Economics and Business 15-05, Osaka University, Graduate School of Economics.
    58. Chen, Been-Lon & Hsu, Yu-Shan & Mino, Kazuo, 2015. "Welfare Implications And Equilibrium Indeterminacy In A Two-Sector Growth Model With Consumption Externalities," Macroeconomic Dynamics, Cambridge University Press, vol. 19(3), pages 535-577, April.
    59. Francisco Alvarez‐Cuadrado, 2007. "Envy, leisure, and restrictions on working hours," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1286-1310, November.
    60. Schmid, Kai Daniel & Drechsel-Grau, Moritz, 2014. "Consumption-Savings Decisions Under Upward-Looking Comparisons," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100627, Verein für Socialpolitik / German Economic Association.
    61. König, Tobias & Lausen, Tobias, 2016. "Relative consumption preferences and public provision of private goods," Discussion Papers, Research Unit: Market Behavior SP II 2016-213, WZB Berlin Social Science Center.
    62. Ghosh, Sugata & Wendner, Ronald, 2014. "Positional Preferences, Endogenous Growth, and Optimal Income- and Consumption Taxation," MPRA Paper 60337, University Library of Munich, Germany.
    63. Kazuo Mino & Yasuhiro Nakamoto, 2011. "Consumption Externalities and Equilibrium Dynamics with Heterogenous Agents," KIER Working Papers 792, Kyoto University, Institute of Economic Research.
    64. Kazuo MIno & Yasuhiro Nakamoto, 2014. "Conformism and Wealth Distribution," KIER Working Papers 901, Kyoto University, Institute of Economic Research.
    65. Koichi Futagami & Yuta Nakabo, 2021. "Capital accumulation game with quasi-geometric discounting and consumption externalities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(1), pages 251-281, February.
    66. Goerke, Laszlo & Pannenberg, Markus, 2013. "Keeping up with the Joneses: Income Comparisons and Labour Supply," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80033, Verein für Socialpolitik / German Economic Association.
    67. Alvarez-Cuadrado, Francisco & Japaridze, Irakli, 2017. "Trickle-down consumption, financial deregulation, inequality, and indebtedness," Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 1-26.
    68. Fukumura, Koichi, 2017. "Effects of education externalities on schooling," Economic Modelling, Elsevier, vol. 60(C), pages 39-50.
    69. Jean-Philippe Garnier, 2013. "Keeping-up with the Joneses, a new source of fluctuations in the two-sector continuous-time models," Working Papers hal-00991664, HAL.
    70. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    71. Yasuhiro Nakamoto, 2009. "Consumption externalities with endogenous time preference," Journal of Economics, Springer, vol. 96(1), pages 41-62, January.
    72. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 1_2012, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    73. Mathieu-Bolh, Nathalie & Wendner, Ronald, 2020. "We are what we eat: Obesity, income, and social comparisons," European Economic Review, Elsevier, vol. 128(C).
    74. Nakamoto, Yasuhiro & Sato, Masayuki, 2011. "Loss aversion, social comparison and physical abilities at younge age," MPRA Paper 31221, University Library of Munich, Germany.
    75. Katsunori Yamada & Masayuki Sato & Yasuhiro Nakamoto, 2009. "Measurement of Social Preference from Utility-Based Choice Experiments," ISER Discussion Paper 0759, Institute of Social and Economic Research, Osaka University.
    76. Yoshiyasu Ono & Katsunori Yamada, 2018. "Difference or Ratio: Implications of Status Preference on Stagnation," Australian Economic Papers, Wiley Blackwell, vol. 57(3), pages 346-362, September.
    77. Chen, Been-Lon & Hsu, Mei, 2007. "Admiration is a source of indeterminacy," Economics Letters, Elsevier, vol. 95(1), pages 96-103, April.
    78. Chan, Ying Tung, 2020. "Optimal emissions tax rates under habit formation and social comparisons," Energy Policy, Elsevier, vol. 146(C).
    79. Jai-Young Choi & Eden S. H. Yu, 2013. "Market imperfection and international trade in a dynamic economy," International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(4), pages 319-336, December.
    80. Kazuo Mino & Yasuhiro Nakamoto, 2009. "Consumption Externalities and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 683, Kyoto University, Institute of Economic Research.
    81. Nakamoto, Yasuhiro, 2009. "Convergence speed and preference externalities in a one-sector model with elastic labor supply," Economics Letters, Elsevier, vol. 105(1), pages 86-89, October.
    82. Wendner, Ronald & Goulder, Lawrence H., 2008. "Status Effects, Public Goods Provision, and the Excess Burden," MPRA Paper 8260, University Library of Munich, Germany.
    83. Valente, Simone, 2006. "Trade, Envy and Growth: International Status Seeking in a Two-Country World," MPRA Paper 1095, University Library of Munich, Germany.
    84. Ronald Wendner, 2009. "Conspicuous Consumption and Overlapping Generations?," EERI Research Paper Series EERI_RP_2009_05, Economics and Econometrics Research Institute (EERI), Brussels.
    85. Julia Sophie Woersdorfer, 2010. "When Do Social Norms Replace Status‐Seeking Consumption? An Application To The Consumption Of Cleanliness," Metroeconomica, Wiley Blackwell, vol. 61(1), pages 35-67, February.
    86. Ratbek Dzhumashev & Ainura Tursunalieva, 2023. "Social externalities, endogenous childcare costs, and fertility choice," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(1), pages 397-429, January.
    87. Kawagishi, Taketo, 2012. "Endogenous time preference, investment externalities, and equilibrium indeterminacy," Mathematical Social Sciences, Elsevier, vol. 64(3), pages 234-241.
    88. Cheng-wei Chang & Ching-chong Lai, 2021. "Optimal fiscal policies and market structures with monopolistic competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1385-1411, December.
    89. Bilancini, Ennio & D'Alessandro, Simone, 2012. "Long-run welfare under externalities in consumption, leisure, and production: A case for happy degrowth vs. unhappy growth," Ecological Economics, Elsevier, vol. 84(C), pages 194-205.
    90. Wendner, Ronald, 2010. "Conspicuous consumption and generation replacement in a model of perpetual youth," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 1093-1107, December.
    91. Chang, Ming-Jen & Chang, Juin-Jen & Shieh, Jhy-Yuan, 2014. "Keeping up with the Joneses and exchange rate volatility in a Redux model," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 569-584.
    92. Petach, Luke & Tavani, Daniele, 2017. "Keeping up with the Joneses: Other-regarding Preferences and Endogenous Growth," EconStor Preprints 169416, ZBW - Leibniz Information Centre for Economics.
    93. Barnett, Richard & Bhattacharya, Joydeep & Bunzel, Helle, 2016. "The Fight-or-Flight Response to the Joneses," School of Economics Working Paper Series 2016-12, LeBow College of Business, Drexel University.
    94. Nakamoto, Yasuhiro, 2009. "Jealousy and underconsumption in a one-sector model with wealth preference," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 2015-2029, December.
    95. Hyeon O. Lee & Hyun Park, 2015. "Indeterminate Balanced Growth under Habit Persistence and Fiscal Policies," International Economic Journal, Taylor & Francis Journals, vol. 29(2), pages 259-284, June.
    96. Heikkinen, T., 2015. "(De)growth and welfare in an equilibrium model with heterogeneous consumers," Ecological Economics, Elsevier, vol. 116(C), pages 330-340.
    97. Jang-Ting Guo & Juin-Jen Chang, 2008. "Social Status and Optimal Income Taxation," Working Papers 200814, University of California at Riverside, Department of Economics, revised Dec 2008.
    98. Been-Lon Chen & Yu-Shan Hsu & Kazuo Mino, 2013. "Can consumption habit spillovers be a source of equilibrium indeterminacy?," Journal of Economics, Springer, vol. 109(3), pages 245-269, July.
    99. Thi Kim Cuong Pham, 2012. "Status-seeking and economic growth: the Barro model revisited," Working Papers of BETA 2012-06, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    100. Vincenzo Lombardo, 2012. "Relative consumption and poverty traps," Discussion Papers 11_2012, CRISEI, University of Naples "Parthenope", Italy.
    101. Riham Barbar & Mohanad Ismael, 2020. "Dynamic effects of consumption externalities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(2), pages 725-750, December.
    102. Richard Barnett & Joydeep Bhattacharya & Helle Bunzel, 2013. "Deviant generations, Ricardian equivalence, and growth cycles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 367-396, January.
    103. Yutaro Hatta, 2013. "Wealth Distribution Dynamics with Status Preference: asymmetric motivations for status," Discussion Papers in Economics and Business 13-08, Osaka University, Graduate School of Economics.
    104. Alvarez-Cuadrado, Francisco & Van Long, Ngo, 2011. "Relative consumption and renewable resource extraction under alternative property-rights regimes," Resource and Energy Economics, Elsevier, vol. 33(4), pages 1028-1053.
    105. Congliang Wu & Ning Zhang, 2022. "The Unintended Consequences of Urban Community Infrastructure Investment for Consumption in China," Sustainability, MDPI, vol. 14(6), pages 1-11, March.
    106. Duernecker, Georg, 2007. "Growth Effects of Consumption Jealousy in a Two-Sector Model," Economics Series 201, Institute for Advanced Studies.
    107. Park, Hyun, 2013. "Do habits generate endogenous fluctuations in a growing economy?," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 54-68.
    108. Chen, Been-Lon & Hsu, Mei, 2009. "Consumption externality, efficiency and optimal taxation in one-sector growth model," Economic Modelling, Elsevier, vol. 26(6), pages 1328-1334, November.
    109. Wendner, Ronald, 2015. "Do positional preferences for wealth and consumption cause inter-temporal distortions?," MPRA Paper 64086, University Library of Munich, Germany.
    110. Chen, Been-Lon & Lee, Shun-Fa, 2007. "Import Tariffs and Growth in a Model with Habits," MPRA Paper 27667, University Library of Munich, Germany.
    111. Juin-jen Chang & Jhy-hwa Chen & Jhy-yuan Shieh, 2012. "Consumption externalities, market imperfections and optimal taxation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(4), pages 345-359, December.
    112. Fuchs-Schündeln, Nicola & Haliassos, Michael, 2021. "Participation following sudden access," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 671-688.
    113. Gomez Suarez, Manuel A., 2008. "Utility and production externalities, equilibrium efficiency and leisure specification," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1496-1519, December.
    114. Gang Li & Akihiko Yanase, 2016. "On the Production Efficiency of Full Employment under Production Externalities," Economics Bulletin, AccessEcon, vol. 36(4), pages 2482-2490.
    115. Bharat R. Hazari & Jean-Pierre Laffargue & Chi-Chur Chao & Eden S. H. Yu, 2007. "A Dynamic Analysis of Tied Aid," Post-Print halshs-00270896, HAL.
    116. Wirl Franz & Novak Andreas J. & Hof Franz X., 2008. "Happiness due to Consumption and its Increases, Wealth and Status," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 12(4), pages 1-34, December.
    117. Rachel J. Huang & Larry Y. Tzeng, 2008. "Consumption Externality and Equilibrium Underinsurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 1039-1054, December.
    118. Chen, Jhy-hwa & Yang, Chih-yu & Shieh, Jhy-yuan & Chang, Juin-jen, 2020. "Consumption aspirations in dirty and clean goods and economic growth," Economic Modelling, Elsevier, vol. 87(C), pages 254-266.
    119. Liu, Chia-ying & Chang, Juin-jen, 2011. "Keeping up with the Joneses, consumer ethnocentrism, and optimal taxation," Economic Modelling, Elsevier, vol. 28(4), pages 1519-1525, July.
    120. Goncalo Monteiro & Stephen Turnovsky, 2013. "Anticipated Consumption and its Impact on Capital Accumulation and Growth: 'Forward-Looking' vs. 'Backward-Looking' Consumption Reference," CESifo Working Paper Series 4536, CESifo.
    121. Goncalo Monteiro & Stephen J. Turnovsky, 2016. "Anticipated consumption and its impact on capital accumulation and growth: “Forward-looking” versus “backward-looking” consumption reference," International Journal of Economic Theory, The International Society for Economic Theory, vol. 12(3), pages 203-232, September.
    122. Manuel Gómez, 2010. "A note on external habits and efficiency in the AK model," Journal of Economics, Springer, vol. 99(1), pages 53-64, February.
    123. Wendner, Ronald, 2008. "Externalities in a Model of Perpetual Youth with Age-Dependent Productivity," MPRA Paper 11335, University Library of Munich, Germany.
    124. Petach, Luke A. & Tavani, Daniele, 2021. "Consumption externalities and growth: Theory and evidence for the United States," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 976-997.

  78. Santanu Chatterjee & Stephen J. Turnovsky, 2005. "Financing Public Investment through Foreign Aid: Consequences for Economic Growth and Welfare," Review of International Economics, Wiley Blackwell, vol. 13(1), pages 20-44, February.

    Cited by:

    1. Loujaina Abdelwahed, 2023. "Fiscal Responses to Foreign Aid: Does the Permanence of Aid Matter?," Journal of African Economies, Centre for the Study of African Economies, vol. 32(1), pages 26-51.
    2. Alex Mourmouras & Peter Rangazas, 2007. "Foreign Aid Policy and Sources of Poverty: A Quantitative Framework," IMF Staff Papers, Palgrave Macmillan, vol. 54(1), pages 59-90, May.
    3. P R Agénor, 2005. "Infrastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing Economy," Centre for Growth and Business Cycle Research Discussion Paper Series 60, Economics, The University of Manchester.
    4. Pierre‐Richard Agénor & Devrim Yilmaz, 2013. "Aid Allocation, Growth And Welfare With Productive Public Goods," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 18(2), pages 103-127, March.
    5. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    6. Kaya, Ozgur & Kaya, Ilker & Gunter, Lewell F., 2008. "The Impact of Agricultural Aid on Agricultural Sector Growth," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6743, Southern Agricultural Economics Association.
    7. Hyeon‐Seung Huh & Tadashi Inoue & Hyun‐Hoon Lee, 2010. "Optimal Foreign Borrowing Revisited," The Japanese Economic Review, Japanese Economic Association, vol. 61(3), pages 367-381, September.
    8. Kyriakos C. Neanidis & Dimitrios Varvarigos, 2005. "The Impact of Foreign Aid on Economic Growth: Volatility of Disbursements and Distribution of Receipts," Economics Discussion Paper Series 0533, Economics, The University of Manchester.
    9. Antra Bhatt & Claudio Sardoni, 2016. "Public Expenditure and Growth: The Indian Case," Working Papers 7/16, Sapienza University of Rome, DISS.
    10. Kyriakos C. Neanidis & Stephen M. Miller, 2012. "Demographic Transition and Economic Welfare: The Role of Humanitarian Aid," Working Papers 1201, University of Nevada, Las Vegas , Department of Economics.
    11. Kitaura, Koji, 2009. "Child labor, education aid, and economic growth," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 614-620, December.
    12. K C Neanidis, 2005. "Aid, Budgetary Policies, and the Macroeconomy: Growth, Inflation, and Welfare," Centre for Growth and Business Cycle Research Discussion Paper Series 58, Economics, The University of Manchester.
    13. S. Devrim Yilmaz, 2008. "Public and Private Maintenance Expenditure in a Growing Economy," Centre for Growth and Business Cycle Research Discussion Paper Series 108, Economics, The University of Manchester.
    14. Loures, Alexandre & Figueiredo, Erik, 2017. "Uma nota sobre o impacto do comércio internacional no crescimento de economias em desenvolvimento," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 71(4), December.
    15. Ilaski Barañano & Marta San Martín, 2015. "The Impact of Foreign Aid Linked to Infrastructure and Pollution Abatement," Review of International Economics, Wiley Blackwell, vol. 23(4), pages 667-686, September.
    16. Hakhu, Antra Bhatt, 2015. "Productive Public Expenditure and Debt Dynamics: An Error Correction Representation using Indian Data," Working Papers 15/149, National Institute of Public Finance and Policy.
    17. Pierre Richard AGÉNOR & Nihal BAYRAKTAR & Karim EL AYNAOUI, 2010. "Roads out of Poverty? Assessing the Link between Aid, Public Investment, Growth and Poverty Reduction," EcoMod2004 330600003, EcoMod.
    18. Kyriakos C. Neanidis, 2005. "Aid, Budgetary Policies, and the Macroeconomy: Growth, Inflation, and Welfare," Economics Discussion Paper Series 0535, Economics, The University of Manchester.
    19. Hillary Chijindu Ezeaku & David Okelue Ugwunta & Godwin Imo Ibe & Ebele Igwemeka & Eze Festus Eze & Obiamaka P. Egbo, 2023. "Effect of bilateral and multilateral concessional debts on public investment in Africa: A contingency analysis," African Development Review, African Development Bank, vol. 35(2), pages 198-210, June.
    20. Wenli Cheng & Dingsheng Zhang & Heng-Fu Zou, 2006. "THE EFFECTS OF FOREIGN AID ON THE CREATION AND DISTRIBUTION OF WEALTH Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou," Monash Economics Working Papers 10/06, Monash University, Department of Economics.
    21. Barañano Mentxaka, Ilaski & San Martín Lizarralde, Marta, 2014. "Foreign Aid Linked to Infrastructure and/or Pollution Abatement," IKERLANAK 11751, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    22. Agénor, Pierre-Richard & Aizenman, Joshua, 2010. "Aid volatility and poverty traps," Journal of Development Economics, Elsevier, vol. 91(1), pages 1-7, January.
    23. Szilágyi, Katalin & Major, Klára, 2007. "Kormányzati beruházás kis, nyitott gazdaságban [Government investment in a small open economy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 29-48.
    24. Annen, Kurt & Batu, Michael & Kosempel, Stephen, 2016. "Macroeconomic effects of foreign aid and remittances: Implications for aid effectiveness studies," Journal of Policy Modeling, Elsevier, vol. 38(6), pages 1136-1146.
    25. Ahiteme N. Houndonougbo, 2017. "Aid Volatility and Real Business Cycles in a Developing Open Economy," Southern Economic Journal, John Wiley & Sons, vol. 83(3), pages 756-773, January.
    26. Julian Donaubauer & Peter Nunnenkamp, 2016. "Is Aid for Infrastructure Effective? A Difference-in-Difference-in-Differences Approach," Economics Bulletin, AccessEcon, vol. 36(2), pages 857-870.
    27. Pierre-Richard Agénor, 2005. "Infrastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing," Economics Discussion Paper Series 0537, Economics, The University of Manchester.
    28. Ozan Hatipoglu & Alp Eren Akyuz, 2018. "Donor-oriented foreign aid, trade and growth," Working Papers 2018/01, Bogazici University, Department of Economics.
    29. Dalgaard, Carl-Johan, 2008. "Donor policy rules and aid effectiveness," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1895-1920, June.
    30. Yin Germaschewski, 2016. "Getting help from abroad: The macroeconomics of foreign direct investment in infrastructure in low‐income countries," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1502-1535, November.
    31. Temple, Jonathan R.W., 2010. "Aid and Conditionality," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4415-4523, Elsevier.
    32. Loujaina Abdelwahed, 2021. "The fiscal management of permanent and temporary foreign aid: Evidence from sub‐Saharan Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(4), pages 685-716, May.
    33. Wenli Cheng & Dingsheng Zhang & Heng-fu Zou, 2008. "The Effects of Foreign Aid on the Creation and Distribution of Wealth," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 223-237, November.
    34. Ranjan Kumar Dash & Deepa Jitendra Gupta & Tarun Khandelwal, 2024. "Revisited the role of foreign aid in capital formation: experience of South Asian countries," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    35. Loujaina Abdelwahed & Georgios Karras, 2021. "Did 272 billion dollars from China help stabilize business cycle fluctuations in recipient countries?," Review of International Economics, Wiley Blackwell, vol. 29(2), pages 314-358, May.
    36. Kar, Ashim Kumar, 2016. "Aid and Human Development: Is There A Role for Good Policy Environment?," MPRA Paper 95433, University Library of Munich, Germany, revised 2018.
    37. Nadeem Abdulmalik Abdulrahman Aljonaid & Fengming Qin & Zhaoyong Zhang, 2022. "The Heterogeneous Impact of Sectoral Foreign Aid Inflows on Sectoral Growth: SUR Evidence from Selected Sub-Saharan African and MENA Countries," JRFM, MDPI, vol. 15(3), pages 1-45, February.
    38. Aiello, Francesco & Pupo, Valeria, 2009. "Capacità di gestione, efficienza istituzionale e impatto dei Fondi Strutturali in Italia [The Impact of Structural Funds in Italy]," MPRA Paper 14429, University Library of Munich, Germany.
    39. Stephen Drinkwater & Paul Levine & Emanuela Lotti, 2006. "Labour Market and Investment Effects of Remittances," School of Economics Discussion Papers 1906, School of Economics, University of Surrey.
    40. Kurt Annen & Michael Batu & Stephen Kosempel, 2014. "A DSGE-RBC Approach to Measuring Impacts of Wealth Transfers," Working Papers 1404, University of Guelph, Department of Economics and Finance.
    41. Francesco Aiello & Valeria Pupo, 2009. "L’Impatto Dei Fondi Strutturali In Italia," Working Papers 200901, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    42. Hamzeh Arabzadeh, 2016. "Foreign Aid, Public Investment and Capital Market Liberalization," LIDAM Discussion Papers IRES 2016018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    43. K C Neanidis & D Varvarigos, 2005. "The Impact of Foreign Aid on Economic Growth: Volatility of Disbursements and Distribution of Receipts," Centre for Growth and Business Cycle Research Discussion Paper Series 56, Economics, The University of Manchester.
    44. Valeria Pupo & Francesco Aiello, 2009. "L'impatto della politica regionale dell'Unione Europea. Uno studio sulle regioni italiane," Rivista italiana degli economisti, Società editrice il Mulino, issue 3, pages 421-454.
    45. Jin Mun Jeong, 2020. "Economic sanctions and income inequality: impacts of trade restrictions and foreign aid suspension on target countries," Conflict Management and Peace Science, Peace Science Society (International), vol. 37(6), pages 674-693, November.

  79. Eliasson, Ludvik & Turnovsky, Stephen J., 2004. "Renewable resources in an endogenously growing economy: balanced growth and transitional dynamics," Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1018-1049, November.
    See citations under working paper version above.
  80. Francisco Alvarez-Cuadrado & Goncalo Monteiro & Stephen J. Turnovsky, 2004. "Habit Formation, Catching Up with the Joneses, and Economic Growth," Journal of Economic Growth, Springer, vol. 9(1), pages 47-80, March.
    See citations under working paper version above.
  81. Turnovsky, Stephen J, 2004. "The Transitional Dynamics of Fiscal Policy: Long-Run Capital Accumulation and Growth," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(5), pages 883-910, October.
    See citations under working paper version above.
  82. Mahbub Morshed, A. K. M. & Turnovsky, Stephen J., 2004. "Sectoral adjustment costs and real exchange rate dynamics in a two-sector dependent economy," Journal of International Economics, Elsevier, vol. 63(1), pages 147-177, May.
    See citations under working paper version above.
  83. Santanu Chatterjee & Paola Giuliano & Stephen J. Turnovsky, 2004. "Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 6(2), pages 277-310, May.

    Cited by:

    1. Arif Oduncu, 2012. "Determinants of Precautionary Savings: Elasticity of Intertemporal Substitution vs. Risk Aversion," EcoMod2012 4380, EcoMod.
    2. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    3. Liao, Zhong-Wei & Shao, Jinghai, 2024. "Stability and mean growth rate of stochastic Solow model driven by jump–diffusion process," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    4. Theodore Palivos & Dimitrios Varvarigos, 2009. "Intergenerational Complementarities in Education and the Relationship between Growth and Volatility," Discussion Paper Series 2009_05, Department of Economics, University of Macedonia, revised Mar 2009.
    5. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    6. Kelly, Mark, 2017. "Health capital accumulation, health insurance, and aggregate outcomes: A neoclassical approach," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 1-22.
    7. Theodore Palivos & Dimitrios Varvarigos, 2013. "Intergenerational Complementarities in Education, Endogenous Public Policy, and the Relation Between Growth and Volatility," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 15(2), pages 249-272, April.
    8. Mark C. Kelly, 2022. "Growth and Welfare Implications of Mortality Differentials in Unfunded Social Security Systems," Public Finance Review, , vol. 50(2), pages 206-235, March.
    9. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.

  84. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    See citations under working paper version above.
  85. Chatterjee, Santanu & Sakoulis, Georgios & Turnovsky, Stephen J., 2003. "Unilateral capital transfers, public investment, and economic growth," European Economic Review, Elsevier, vol. 47(6), pages 1077-1103, December.
    See citations under working paper version above.
  86. Giuliano, Paola & Turnovsky, Stephen J., 2003. "Intertemporal substitution, risk aversion, and economic performance in a stochastically growing open economy," Journal of International Money and Finance, Elsevier, vol. 22(4), pages 529-556, August.
    See citations under working paper version above.
  87. Stefan F. Schubert & Stephen J. Turnovsky, 2002. "The Dynamics of Temporary Policies in a Small Open Economy," Review of International Economics, Wiley Blackwell, vol. 10(4), pages 604-622, November.

    Cited by:

    1. Cardi, Olivier & Restout, Romain, 2015. "Fiscal Shocks In A Two-Sector Open Economy With Endogenous Markups," Macroeconomic Dynamics, Cambridge University Press, vol. 19(8), pages 1839-1865, December.
    2. Cardi, Olivier, 2007. "Another View Of The J-Curve," Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 153-174, April.
    3. Olivier Cardi & Romain Restout, 2007. "Permanent vs Temporary Fiscal Expansion in a Two-Sector Small Open Economy Model," Post-Print halshs-00174574, HAL.
    4. Olivier Cardi & Romain Restout & Peter Claeys, 2019. "Imperfect mobility of labor across sectors and fiscal transmission," Working Papers hal-02400991, HAL.
    5. CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Creina Day & Garth Day, 2007. "Fiscal Reform, Growth and Current Account Dynamics," ANU Working Papers in Economics and Econometrics 2007-485, Australian National University, College of Business and Economics, School of Economics.
    7. Schubert, Stefan Franz & Brida, Juan Gabriel, 2008. "The Dynamic Effects of Subsidizing the Tourism Sector," MPRA Paper 16755, University Library of Munich, Germany.
    8. Olivier Cardi & Romain Restout, 2011. "Fiscal Shocks in a Two Sector Open Economy," TEPP Working Paper 2011-07, TEPP.
    9. Olivier Cardi, 2011. "Terms of trade shocks and the non monotonic adjustment of the current account," Working Papers hal-00567865, HAL.
    10. Yasuhiro Nakamoto & Akihiko Yanase, 2022. "Pollution externalities and corrective taxes in a dynamic small open economy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(3), pages 667-703, June.
    11. Mohsin, Mohammed & Park, Kihyun, 2015. "Monetary policy in a two-sector dependent economy," Economic Modelling, Elsevier, vol. 46(C), pages 118-129.
    12. Koichi Futagami & Yasuhiro Nakamoto, 2010. "Dynamic analysis of a renewable resource in a small open economy: The role of environmental policies for the environment," Discussion Papers in Economics and Business 10-21, Osaka University, Graduate School of Economics.
    13. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    14. Olivier Cardi & Romain Restout, 2012. "Unanticipated vs. Anticipated Tax Reforms in a Two-Sector Open Economy," Working Papers of BETA 2012-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    15. Evzen Kocenda & Jan Hanousek, 2010. "Foreign News and Spillovers in Emerging European Stock Markets," William Davidson Institute Working Papers Series wp983, William Davidson Institute at the University of Michigan.
    16. Koichi Futagami & Yasuhiro Nakamoto, 2019. "The impacts of pollution control policies on the pollution in small open economies," Discussion Papers in Economics and Business 19-08, Osaka University, Graduate School of Economics.
    17. Olivier, CARDI, 2005. "The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks," Discussion Papers (ECON - Département des Sciences Economiques) 2005030, Université catholique de Louvain, Département des Sciences Economiques.
    18. Mansoorian, Arman & Mohsin, Mohammed, 2006. "On the employment, investment and current account effects of inflation," Journal of International Economics, Elsevier, vol. 70(1), pages 296-313, September.
    19. Juan Gabriel Brida & Stefan Franz Schubert, 2008. "The Economic Effects Of Advertising On Tourism Demand," Economics Bulletin, AccessEcon, vol. 6(45), pages 1-16.

  88. Turnovsky, Stephen J., 2002. "Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1765-1785, August.

    Cited by:

    1. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2008. "How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model," Working Papers wp2008_11_01, Department of Economics, Florida State University, revised Sep 2008.
    2. Xue, Jianpo & Yip, Chong K., 2012. "Factor Substitution And Economic Growth: A Unified Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 625-656, September.
    3. Paul, Saumik, 2019. "Labor Income Share Dynamics with Variable Elasticity of Substitution," IZA Discussion Papers 12418, Institute of Labor Economics (IZA).
    4. Hosoya, Kei, 2014. "Public health infrastructure and growth: Ways to improve the inferior equilibrium under multiple equilibria," Research in Economics, Elsevier, vol. 68(3), pages 194-207.
    5. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
    6. Robert S. Chirinko & Debdulal Mallick, 2014. "The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model," CESifo Working Paper Series 4895, CESifo.
    7. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.
    8. Gómez Manuel A., 2010. "Endogenous Growth, Habit Formation and Convergence Speed," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-32, January.
    9. Sebastian Gechert & Thomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2019. "Death to the Cobb-Douglas production function," IMK Working Paper 201-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    10. Jang-Ting Guo & Kevin J. Lansing, 2008. "Capital-labor substitution, equilibrium indeterminacy, and the cyclical behavior of labor income," Working Paper Series 2008-06, Federal Reserve Bank of San Francisco.
    11. Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Ehrenbergerova, 2019. "Death to the Cobb-Douglas Production Function? A Quantitative Survey of the Capital-Labor Substitution Elasticity," Working Papers 2019/8, Czech National Bank.
    12. Nakamoto, Yasuhiro, 2015. "Heterogeneous EIS and Wealth Distribution in a Neoclassical Growth Model," MPRA Paper 67026, University Library of Munich, Germany.
    13. Alberto BUCCI & Chiara DEL BO, 2009. "On the interaction between public investment and private capital in economic growth," Departmental Working Papers 2009-44, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    14. Groth, Christian & Wendner, Ronald, 2011. "Learning by investing, embodiment, and speed of convergence," MPRA Paper 29008, University Library of Munich, Germany.
    15. Federici, Daniela & Saltari, Enrico & Wymer, Clifford, 2015. "Endogenizing the ICT sector: A multi-sector approach," MPRA Paper 66723, University Library of Munich, Germany.
    16. Alberto Bucci, 2013. "Agénor, Pierre-Richard: Public capital, growth and welfare. Analytical foundations for public policy," Journal of Economics, Springer, vol. 110(3), pages 297-301, November.
    17. Havranek, Tomas & Gechert, Sebastian & Irsova, Zuzana & Kolcunova, Dominika, 2021. "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias," CEPR Discussion Papers 15687, C.E.P.R. Discussion Papers.
    18. Anastastia Litina & Theodore Palivos, 2008. "The Behaviour of the Saving Rate in the Neoclassical Optimal Growth Model," Discussion Paper Series 2008_05, Department of Economics, University of Macedonia, revised Jun 2008.
    19. Michael Knoblach & Fabian Stöckl, 2020. "What Determines The Elasticity Of Substitution Between Capital And Labor? A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 847-875, September.
    20. Gómez, Manuel A., 2008. "Dynamics Of The Saving Rate In The Neoclassical Growth Model With Ces Production," Macroeconomic Dynamics, Cambridge University Press, vol. 12(2), pages 195-210, April.
    21. Turnovsky, Stephen J., 2011. "On the role of small models in macrodynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1605-1613, September.
    22. Alberto Bucci & Chiara Del Bo, 2012. "On the interaction between public and private capital in economic growth," Journal of Economics, Springer, vol. 106(2), pages 133-152, June.
    23. Guo, Jang-Ting & Lansing, Kevin J., 2009. "Capital-labor substitution and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 1991-2000, December.
    24. Saltari, Enrico & Federici, Daniela, 2013. "Elasticity of substitution and technical progress: Is there a misspecification problem?," MPRA Paper 52194, University Library of Munich, Germany.
    25. Marianne Saam, 2004. "Distributional Effects of Growth and the Elasticity of Substitution," DEGIT Conference Papers c009_031, DEGIT, Dynamics, Economic Growth, and International Trade.
    26. Hosoya, Kei, 2016. "Recovery from natural disaster: A numerical investigation based on the convergence approach," Economic Modelling, Elsevier, vol. 55(C), pages 410-420.
    27. Manuel A. Gómez, 2020. "Factor substitution, long‐run growth, and speed of convergence in the one‐sector convex endogenous‐growth model," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 2-21, February.
    28. Klump, Rainer & Saam, Marianne, 2008. "Calibration of normalised CES production functions in dynamic models," Economics Letters, Elsevier, vol. 99(2), pages 256-259, May.
    29. Zarko Y. Kalamov, 2023. "Internal debt and welfare," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(1), pages 196-224, February.
    30. Havranek, Tomas & Irsova, Zuzana & Gechert, Sebastian & Kolcunova, Dominika, 2019. "Death to the Cobb-Douglas Production Function? A Meta-Analysis of the Capital-Labor Substitution Elasticity," MetaArXiv 6um5g, Center for Open Science.
    31. Lahiri, Radhika & Magnani, Elisabetta, 2012. "Endogenous skill heterogeneity and inflation," Economic Modelling, Elsevier, vol. 29(5), pages 1745-1756.
    32. Franziska Piontek & Matthias Kalkuhl & Elmar Kriegler & Anselm Schultes & Marian Leimbach & Ottmar Edenhofer & Nico Bauer, 2019. "Economic Growth Effects of Alternative Climate Change Impact Channels in Economic Modeling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1357-1385, August.
    33. Nakamoto, Yasuhiro, 2009. "Convergence speed and preference externalities in a one-sector model with elastic labor supply," Economics Letters, Elsevier, vol. 105(1), pages 86-89, October.
    34. Turnovsky, Stephen J. & Garci­a-Peñalosa, Cecilia, 2008. "Distributional dynamics in a neoclassical growth model: The role of elastic labor supply," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1399-1431, May.
    35. Michael Knoblach & Martin Roessler & Patrick Zwerschke, 2020. "The Elasticity of Substitution Between Capital and Labour in the US Economy: A Meta‐Regression Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(1), pages 62-82, February.
    36. Santanu Chatterjee & Stephen Turnovsky, 2005. "Foreign Aid and Economic Growth: The Role of Flexible Labor Supply," Working Papers UWEC-2004-07-P, University of Washington, Department of Economics, revised Nov 2005.
    37. Jonathan R. W. Temple, 2008. "The Calibration of CES Production Functions," Bristol Economics Discussion Papers 08/606, School of Economics, University of Bristol, UK.
    38. Mallick, Debdulal, 2012. "The role of the elasticity of substitution in economic growth: A cross-country investigation," Labour Economics, Elsevier, vol. 19(5), pages 682-694.
    39. Manuel Gómez, 2014. "Optimal size of the government: the role of the elasticity of substitution," Journal of Economics, Springer, vol. 111(1), pages 29-53, February.
    40. Hosoya, Kei & 細谷, 圭 & ホソヤ, ケイ, 2005. "The Speed of Convergence in a Two-Sector Growth Model with Health Capital," Discussion Paper 245, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    41. Groth, Christian & Wendner, Ronald, 2014. "Embodied learning by investing and speed of convergence," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 245-269.
    42. Mallick, Debdulal, 2010. "Capital-labor substitution and balanced growth," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1131-1142, December.
    43. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.
    44. Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2021. "Online Appendix to "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias"," Online Appendices 20-200, Review of Economic Dynamics.

  89. Joshua Aizenman & Stephen J. Turnovsky, 2002. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," Economic Journal, Royal Economic Society, vol. 112(476), pages 107-132, January.
    See citations under working paper version above.
  90. Turnovsky, Stephen J. & Chatterjee, Santanu, 2002. "To Spend the U.S. Government Surplus or to Increase the Deficit? A Numerical Analysis of the Policy Options," Journal of the Japanese and International Economies, Elsevier, vol. 16(4), pages 405-435, December.
    See citations under working paper version above.
  91. Eicher, Theo S. & Turnovsky, Stephen J., 2001. "Transitional dynamics in a two-sector non-scale growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 25(1-2), pages 85-113, January.

    Cited by:

    1. Pedro Mazeda Gil & André Almeida, & Sofia B.S.D. Castro,, 2015. "Flexible Transitional Dynamics in a Non-Scale Fully Endogenous Growth Model," CEF.UP Working Papers 1503, Universidade do Porto, Faculdade de Economia do Porto.
    2. Hiroaki Sasaki, 2008. "North-South Asymmetry in Returns to Scale, Uneven Development, and the Population Puzzle," TERG Discussion Papers 238, Graduate School of Economics and Management, Tohoku University.
    3. Hideyuki Kamiryo, 2014. "Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition)," Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition), Better Advances Press, Canada, edition 2, volume 2, number 01 edited by Dr. Yisheng Huang, May.
    4. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    5. Sequeira, Tiago Neves, 2011. "R&D Spillovers In An Endogenous Growth Model With Physical Capital, Human Capital, And Varieties," Macroeconomic Dynamics, Cambridge University Press, vol. 15(2), pages 223-239, April.
    6. Haruyama, Tetsugen, 2009. "R&D policy in a volatile economy," Journal of Economic Dynamics and Control, Elsevier, vol. 33(10), pages 1761-1778, October.
    7. Josh Hall, 2009. "Within and Across Country Inequality in a Model of Trade and Endogenous Growth," DEGIT Conference Papers c014_045, DEGIT, Dynamics, Economic Growth, and International Trade.
    8. Mohammed Mardan & Michael Stimmelmayr, 2017. "Tax Revenue Losses through Cross-Border Loss Offset: An Insurmountable Hurdle for Formula Apportionment," CESifo Working Paper Series 6368, CESifo.
    9. Chen, Ping-ho & Chu, Angus C. & Chu, Hsun & Lai, Ching-Chong, 2019. "Optimal Capital Taxation in an Economy with Innovation-Driven Growth," MPRA Paper 92319, University Library of Munich, Germany.
    10. Skerdilajda Zanaj & Patrice Pieretti & Benteng Zou, 2021. "On the long run sustainability of small jurisdictions," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(1), pages 15-35, March.
    11. Grinols, Earl L. & Lin, Hwan C., 2011. "Patent replacement and welfare gains," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1586-1604, September.
    12. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    13. Connolly, Michelle, 1999. "North-South Technological Diffusion: A New Case for Dynamic Gains from Trade," Working Papers 99-08, Duke University, Department of Economics.
    14. Lin, Hwan C., 2016. "The switch from patents to state-dependent prizes for technological innovation," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 193-223.
    15. Hideyuki Kamiryo, 2014. "Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition)," Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition), Better Advances Press, Canada, edition 2, volume 2, number 02 edited by Yisheng Huang, May.
    16. d'Agostino, Giorgio & Scarlato, Margherita, 2012. "Inclusive Institutions, Innovation and Economic Growth: Estimates for European Countries," MPRA Paper 43098, University Library of Munich, Germany.
    17. Lin, Hwan C., 2012. "Switching from Patents to an Intertemporal Bounty in a Non-Scale Growth Model: Transitional Dynamics and Welfare Evaluation," MPRA Paper 49782, University Library of Munich, Germany, revised 12 Sep 2013.
    18. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    19. Maurizio Iacopetta, 2011. "Formal education and public knowledge," Post-Print hal-00796303, HAL.
    20. Gil, Pedro Mazeda & Iglésias, Gustavo & Guimarães, Luís, 2023. "Endogenous growth and monetary policy: How do interest-rate feedback rules shape nominal and real transitional dynamics?," Journal of International Money and Finance, Elsevier, vol. 138(C).
    21. Zhang, Jie, 2005. "Income ranking and convergence with physical and human capital and income inequality," Journal of Economic Dynamics and Control, Elsevier, vol. 29(3), pages 547-566, March.
    22. Joerg Lingens, 2005. "Policy implications of endogenous growth models: A Note," Economics Bulletin, AccessEcon, vol. 15(13), pages 1-7.
    23. Thomas M. Steger, 2003. "On the Mechanics of Economic Convergence," CER-ETH Economics working paper series 03/25, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    24. Stefan F. Schubert, 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Post-Print hal-00851861, HAL.
    25. Lutz G. Arnold, 2006. "The Dynamics of the Jones R&D Growth Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 143-152, January.
    26. Gómez Manuel A. & Sequeira Tiago Neves, 2012. "The Transitional Dynamics of an Endogenous Growth Model: Generalizing Production Functions," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(5), pages 1-27, December.
    27. Pedro Gil, 2013. "Animal spirits and the composition of innovation in a lab-equipment R&D model with transition," Journal of Economics, Springer, vol. 108(1), pages 1-33, January.
    28. d'Agostino, Giorgio & Scarlato, Margherita, 2016. "Institutions, Innovation and Economic Growth in European Countries," MPRA Paper 72427, University Library of Munich, Germany.
    29. Hwan C. Lin & L. F. Shampine, 2018. "R&D-based Calibrated Growth Models with Finite-Length Patents: A Novel Relaxation Algorithm for Solving an Autonomous FDE System of Mixed Type," Computational Economics, Springer;Society for Computational Economics, vol. 51(1), pages 123-158, January.
    30. Joshua D Hall, 2017. "Educational Quality Matters for Development: A Model of Trade, Inequality, and Endogenous Growth," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 43(1), pages 128-154, January.
    31. Michelle P. Connolly & Diego Valderrama, 2005. "North-South technological diffusion and dynamic gains from trade," Working Paper Series 2004-24, Federal Reserve Bank of San Francisco.
    32. Alvarez-Cuadrado, Francisco & Pintea, Mihaela I., 2009. "A quantitative exploration of the Golden Age of European growth," Journal of Economic Dynamics and Control, Elsevier, vol. 33(7), pages 1437-1450, July.
    33. Trimborn, Timo, 2018. "On the analysis of endogenous growth models with a balanced growth path," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 40-50.
    34. Perez-Sebastian, Fidel, 2007. "Public support to innovation and imitation in a non-scale growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3791-3821, December.
    35. Hannes Egli & Thomas Steger, 2007. "A Dynamic Model of the Environmental Kuznets Curve: Turning Point and Public Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 15-34, January.
    36. Lin, Hwan C. & Shampine, L.F., 2014. "Finite-length Patents and Functional Differential Equations in a Non-scale R&D-based Growth Model," MPRA Paper 61603, University Library of Munich, Germany.
    37. Gokan, Yoichi, 2003. "The speed of convergence and alternative government financing," Journal of Economic Dynamics and Control, Elsevier, vol. 27(9), pages 1517-1531, July.
    38. Walter H. Fisher, 2004. "Durable Consumption As A Status Good: A Study Of Neoclassical Cases," Computing in Economics and Finance 2004 96, Society for Computational Economics.
    39. Popadynets Nazariy & Skrypko Tetyana, 2020. "Modern Organization Models as a Means for Realization of Innovative Processes Increasing the Ukrainian Economy Competitiveness," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(2), pages 199-211, June.
    40. Sequeira Tiago Neves & Ferreira-Lopes Alexandra & Gomes Orlando, 2014. "A growth model with qualities, varieties, and human capital: stability and transitional dynamics," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 18(5), pages 543-555, December.
    41. Steger, Thomas M., 2002. "Transitional dynamics in R&D-based models of endogenous growth," Wirtschaftswissenschaftliche Diskussionspapiere 04/2002, University of Greifswald, Faculty of Law and Economics.
    42. Duernecker, Georg, 2007. "Growth Effects of Consumption Jealousy in a Two-Sector Model," Economics Series 201, Institute for Advanced Studies.
    43. Brett D. Berger, 2001. "Putty-putty, two sector, vintage capital growth models," International Finance Discussion Papers 716, Board of Governors of the Federal Reserve System (U.S.).
    44. Chang, Juin-jen & Huang, Chun-chieh & Lai, Ching-chong, 2007. "Working hours reduction and wage contracting style in a dynamic model with labor adjustment costs," Journal of Economic Dynamics and Control, Elsevier, vol. 31(3), pages 971-993, March.
    45. Manuel A. Gómez, 2008. "Fiscal Policy, Congestion, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 595-622, August.
    46. Harald Badinger, 2008. "Technology- and investment-led growth effects of economic integration: a panel cointegration analysis for the EU-15 (1960-2000)," Applied Economics Letters, Taylor & Francis Journals, vol. 15(7), pages 557-561.
    47. Pedro Rui Mazeda Gil & Paulo Brito & Óscar Afonso, 2008. "A Model of Quality Ladders with Horizontal Entry," FEP Working Papers 296, Universidade do Porto, Faculdade de Economia do Porto.
    48. Pedro Mazeda Gil & Oscar Afonso & Paulo B. Vasconcelos, 2015. "Skill-Structure Shocks, the Share of the High-Tech Sector and Economic Growth Dynamics," FEP Working Papers 554, Universidade do Porto, Faculdade de Economia do Porto.
    49. Klarl, Torben, 2016. "Pollution externalities, endogenous health and the speed of convergence in an endogenous growth model," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 98-113.
    50. Patrice Pieretti & Skerdilajda Zanaj & Benteng Zou, 2012. "On the long run economic performance of small economies," DEM Discussion Paper Series 12-14, Department of Economics at the University of Luxembourg.
    51. Pedro Mazeda Gil & Oscar Afonso & Paulo B. Vasconcelos, 2013. "Industry Dynamics and Aggregate Stability over Transition," FEP Working Papers 484, Universidade do Porto, Faculdade de Economia do Porto.

  92. Eicher, Theo S. & Turnovsky, Stephen J. & Walz, Uwe, 2001. "Financial Liberalizations and Capital Flow Reversals―Optimal Policy for Short and Long Term Debt Management―," Economic Review, Hitotsubashi University, vol. 52(4), pages 300-314, October.

    Cited by:

    1. Chen, Shikuan & Chang, Ming-Jen, 2015. "Capital control and exchange rate volatility," The North American Journal of Economics and Finance, Elsevier, vol. 33(C), pages 167-177.
    2. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.

  93. Stephen J. Turnovsky, 2000. "Government Policy in a Stochastic Growth Model with Elastic Labor Supply," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 2(4), pages 389-433, October.

    Cited by:

    1. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses," Working Papers UWEC-2002-07-P, University of Washington, Department of Economics, revised Oct 2003.
    2. Turnovsky, Stephen J. & Smith, William T., 2006. "Equilibrium consumption and precautionary savings in a stochastically growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
    3. Santanu Chatterjee & Paola Giuliano & Stephen J. Turnovsky, 2004. "Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 6(2), pages 277-310, May.
    4. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.
    5. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity and private capital adjustment," Working Paper Series in Economics 26, University of Lüneburg, Institute of Economics.
    6. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    7. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    8. Augustin K. Fosu & Thomas H. W. Ziesemer & Yoseph Y. Getachew, 2014. "Optimal Public Investment, Growth, and Consumption: Fresh Evidence from African Countries," Working Papers 471, Economic Research Southern Africa.
    9. Augustin Kwasi Fosu & Yoseph Yilma Getachew & Thomas Ziesemer, 2012. "Optimal public investment, growth and consumption: evidence from African countries," Global Development Institute Working Paper Series 16412, GDI, The University of Manchester.
    10. Robert Feicht & Wolfgang Stummer, 2010. "Complete Closed-form Solution to a Stochastic Growth Model and Corresponding Speed of Economic Recovery preliminary," DEGIT Conference Papers c015_041, DEGIT, Dynamics, Economic Growth, and International Trade.
    11. Benjamin Lockwood & Marko Köthenbürger, 2007. "Does Tax Competition Really Promote Growth?," CESifo Working Paper Series 2102, CESifo.
    12. Marcelo Bianconi, 2004. "The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply," Discussion Papers Series, Department of Economics, Tufts University 0413, Department of Economics, Tufts University.
    13. Azacis, Helmuts & Gillman, Max, 2010. "Flat tax reform: The Baltics 2000-2007," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 692-708, June.
    14. Don Bredin & Stilianos Fountas & Christos Savva, 2021. "Is British Output Growth Related to its Uncertainty? Evidence using Eight Centuries of Data," Discussion Paper Series 2021_02, Department of Economics, University of Macedonia, revised Feb 2021.
    15. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008. "Volatility, Growth and Labour Elasticity," Working Paper series 32_08, Rimini Centre for Economic Analysis.
    16. Yoseph Yilma Getachew, 2011. "Public Investment Policy, Distribution, and Growth: What Levels of Redistribution through Public Investment Maximize Growth?," DEGIT Conference Papers c016_072, DEGIT, Dynamics, Economic Growth, and International Trade.
    17. Stilianos Fountas & Menelaos Karanasos, 2008. "Are economic growth and the variability of the business cycle related? Evidence from five European countries," International Economic Journal, Taylor & Francis Journals, vol. 22(4), pages 445-459.
    18. Getachew, Yoseph Yilma, 2010. "Public capital and distributional dynamics in a two-sector growth model," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 606-616, June.
    19. Cheng-Te Lee, 2022. "Military Spending and Employment," Defence and Peace Economics, Taylor & Francis Journals, vol. 33(4), pages 501-510, May.
    20. Mehmet Balcilar & Zeynel Abidin Ozdemir, 2017. "A re-examination of growth and growth uncertainty relationship in a stochastic volatility in mean model with time-varying parameters," Working Papers 15-32, Eastern Mediterranean University, Department of Economics.
    21. Md. Azizul Baten & Anton Abdulbasah Kamil, 2013. "Optimal Consumption in a Stochastic Ramsey Model with Cobb-Douglas Production Function," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2013, pages 1-8, March.
    22. López-Herrera, Francisco & Rodríguez-Nava, Abigail & Venegas-Martínez, Francisco, 2011. "Efectos en las decisiones de consumo y portafolio del riesgo cambiario con discontinuidades," Sección de Estudios de Posgrado e Investigación de la Escuela Superios de Economía del Instituto Politécnico Nacional, in: Perrotini-Hernández, Ignacio (ed.), Crecimiento y Desarrollo Económico en México, volume 1, chapter 12, pages 172-182, Escuela Superior de Economía, Instituto Politécnico Nacional.
    23. Amilon, Henrik & Bermin, Hans-Peter, 2003. "Welfare effects of controlling labor supply: an application of the stochastic Ramsey model," Journal of Economic Dynamics and Control, Elsevier, vol. 28(2), pages 331-348, November.
    24. Toshiki Tamai, 2023. "Social security, economic growth, and social welfare in an overlapping generation model with idiosyncratic TFP shock and heterogeneous workers," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(3), pages 1829-1862, July.
    25. Addie, Ron & Taranto, Aldo, 2024. "Economic Similarities and their Application to Inflation," EconStor Preprints 283286, ZBW - Leibniz Information Centre for Economics.
    26. Getachew, Yoseph, 2008. "Public Capital, Income Distribution and Growth," MERIT Working Papers 2008-056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    27. Dibooglu, Sel & Kenc, Turalay, 2009. "Welfare cost of inflation in a stochastic balanced growth model," Economic Modelling, Elsevier, vol. 26(3), pages 650-658, May.
    28. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    29. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    30. Pinar Deniz & Thanasis Stengos & M. Ege Yazgan, 2021. "Revisiting the link between output growth and volatility: panel GARCH analysis," Empirical Economics, Springer, vol. 61(2), pages 743-771, August.

  94. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.

    Cited by:

    1. Jorge Rojas-Vallejos & Stephen J. Turnovsky, 2021. "Differential Tariffs and Income Inequality in the United States: Some Evidence from the States," Open Economies Review, Springer, vol. 32(1), pages 1-35, February.
    2. Rómulo A. Chumacero, 2019. "Skills versus Luck: Bolivia and its recent Bonanza," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-27, December.
    3. Rattsø, Jørn & Stokke, Hildegunn E., 2012. "Trade policy in a growth model with technology gap dynamics and simulations for South Africa," Journal of Economic Dynamics and Control, Elsevier, vol. 36(7), pages 1042-1056.
    4. Carmen D. Álvarez‐Albelo & Antonio Manresa & Mònica Pigem‐Vigo, 2018. "Growing through trade in intermediate goods: the role of foreign growth and domestic tariffs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(4), pages 414-436, September.
    5. Carlos Gustavo Machicado & Paúl Estrada, 2012. "Fiscal policy and economic growth: a simulation analysis for Bolivia," Analítika, Analítika - Revista de Análisis Estadístico/Journal of Statistical Analysis, vol. 4(2), pages 57-79, Diciembre.
    6. Saqib Jafarey & Sajal Lahiri, 2009. "Developing Country Borrowing From A Monopolistic Lender: Strategic Interactions And Endogenous Leadership," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 191-207, June.
    7. Naito, Takumi, 2012. "A Ricardian model of trade and growth with endogenous trade status," Journal of International Economics, Elsevier, vol. 87(1), pages 80-88.
    8. Naito, Takumi, 2003. "Revenue-neutral tariff reform and growth in a small open economy," Journal of Development Economics, Elsevier, vol. 71(1), pages 213-232, June.
    9. Kejak, Michal & Seiter, Stephan & Vavra, David, 2004. "Accession trajectories and convergence: endogenous growth perspective," Structural Change and Economic Dynamics, Elsevier, vol. 15(1), pages 13-46, March.
    10. Chang Wen-ya & Tsai Hsueh-fang & Chang Juin-jen & Lin Hsieh-yu, 2018. "Interest rate rules and equilibrium (in)determinacy in a small open economy: the role of internationally traded capital," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-18, June.
    11. Hagemann, Harald, 2004. "The macroeconomics of accession: growth, convergence and structural adjustment," Structural Change and Economic Dynamics, Elsevier, vol. 15(1), pages 1-12, March.
    12. Liu, Chia-Ying & Wang, Wei-Neng, 2020. "On the optimality of social status seeking," Economic Modelling, Elsevier, vol. 93(C), pages 520-525.
    13. Kazuhiro YUKI, 2007. "Determinants Of Sectoral Composition In A Small Open Economy: Theoretical And Quantitative Investigations Of The Philippines," The Developing Economies, Institute of Developing Economies, vol. 45(4), pages 391-436, December.
    14. Anderson, James E. & Larch, Mario & Yotov, Yoto V., 2019. "Trade and investment in the global economy: A multi-country dynamic analysis," European Economic Review, Elsevier, vol. 120(C).
    15. Naito, Takumi, 2006. "Tariff and tax reform: Dynamic implications," Journal of International Economics, Elsevier, vol. 68(2), pages 504-517, March.
    16. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.
    17. Romulo Chumacero & Rodrigo Fuentes, 2004. "Chile's Free Trade Deals with the EU and the US: A Big Deal?," Econometric Society 2004 Far Eastern Meetings 661, Econometric Society.
    18. Jill A. Holman, 2000. "Government budgetary policies, economic growth, and currency substitution in a small open economy," Research Working Paper RWP 00-08, Federal Reserve Bank of Kansas City.

  95. Turnovsky, Stephen J., 2000. "Fiscal policy, elastic labor supply, and endogenous growth," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 185-210, February.
    See citations under working paper version above.
  96. Theo S. Eicher & Stephen J. Turnovsky & Uwe Walz, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, Verein für Socialpolitik, vol. 1(1), pages 19-42, February.

    Cited by:

    1. Makram El‐Shagi, 2012. "The Distorting Impact of Capital Controls," German Economic Review, Verein für Socialpolitik, vol. 13(1), pages 41-55, February.
    2. Burkhard Heer & Stefan Franz Schubert, 2011. "Unemployment and Debt Dynamics in a Highly Indebted Small Open Economy," CESifo Working Paper Series 3497, CESifo.
    3. d'Agostino, Giorgio & Scarlato, Margherita, 2012. "Inclusive Institutions, Innovation and Economic Growth: Estimates for European Countries," MPRA Paper 43098, University Library of Munich, Germany.
    4. Thomas M. Steger, 2003. "On the Mechanics of Economic Convergence," CER-ETH Economics working paper series 03/25, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    5. d'Agostino, Giorgio & Scarlato, Margherita, 2016. "Institutions, Innovation and Economic Growth in European Countries," MPRA Paper 72427, University Library of Munich, Germany.
    6. Lutz G. Arnold, 2002. "On the Effectiveness of Growth‐Enhancing Policies in a Model of Growth Without Scale Effects," German Economic Review, Verein für Socialpolitik, vol. 3(3), pages 339-346, August.
    7. Thomas Christiaans, 2001. "Economic Growth, the Mathematical Pendulum, and a Golden Rule of Thumb," Volkswirtschaftliche Diskussionsbeiträge 94-01, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    8. Arnold, Lutz G., 2003. "Growth in stages," Structural Change and Economic Dynamics, Elsevier, vol. 14(1), pages 55-74, March.
    9. Ching-chong Lai & Chi-ting Chin, 2010. "(In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 69-100, July.

  97. Eicher, Theo S & Turnovsky, Stephen J, 1999. "Non-scale Models of Economic Growth," Economic Journal, Royal Economic Society, vol. 109(457), pages 394-415, July.

    Cited by:

    1. G. Agiomirgianakis & D. Asteriou & V. Monastiriotis, 2002. "Human capital and economic growth revisited: A dynamic panel data study," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(3), pages 177-187, August.
    2. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2008. "How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model," Working Papers wp2008_11_01, Department of Economics, Florida State University, revised Sep 2008.
    3. Eicher, Theo S. & Turnovsky, Stephen J., 2001. "Transitional dynamics in a two-sector non-scale growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 25(1-2), pages 85-113, January.
    4. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    5. Irena Lacka & Janusz Myszczyszyn & Sylwia Golab & Beata Bedzik & Blazej Supron, 2020. "Correlation between the Level of Economic Growth and Foreign Trade: The Case of the V4 Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 657-678.
    6. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    7. Lutz Arnold, 2007. "A generalized multi-country endogenous growth model," International Economics and Economic Policy, Springer, vol. 4(1), pages 61-100, April.
    8. Turnovsky, Stephen J. & Pintea, Mihaela, 2006. "Public and private production in a two-sector economy," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 273-302, June.
    9. Chatterjee, Santanu, 2005. "Capital utilization, economic growth and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 29(12), pages 2093-2124, December.
    10. Xavier Ragot, 2003. "Division du travail et progrès technique," Revue économique, Presses de Sciences-Po, vol. 54(4), pages 725-741.
    11. Robert S. Chirinko & Debdulal Mallick, 2014. "The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model," CESifo Working Paper Series 4895, CESifo.
    12. Turnovsky, Stephen J., 2008. "The role of factor substitution in the theory of economic growth and income distribution: Two examples," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 604-629, June.
    13. Katsuhiko Hori & Katsunori Yamada, 2011. "Education, Innovation, and Long-Run Growth," KIER Working Papers 798, Kyoto University, Institute of Economic Research.
    14. Peretto, Pietro F., 2018. "Robust endogenous growth," European Economic Review, Elsevier, vol. 108(C), pages 49-77.
    15. Pierre-Richard Agénor, 2006. "A Theory of Infrastructure-led Development," Centre for Growth and Business Cycle Research Discussion Paper Series 83, Economics, The University of Manchester.
    16. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    17. Groth, Christian & Wendner, Ronald, 2011. "Learning by investing, embodiment, and speed of convergence," MPRA Paper 29008, University Library of Munich, Germany.
    18. Giorgio D'Agostino & Margherita Scarlato, 2011. "Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions," Departmental Working Papers of Economics - University 'Roma Tre' 0138, Department of Economics - University Roma Tre.
    19. Christiaans, Thomas, 2008. "International trade and industrialization in a non-scale model of economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 19(3), pages 221-236, September.
    20. Robert S. Chirinko & Debdulal Mallick, 2007. "The Fisher/Cobb-Douglas Paradox, Factor Shares, and Cointegration," CESifo Working Paper Series 1998, CESifo.
    21. Xavier Ragot, 2003. "Croissance et division du travail," SciencePo Working papers Main hal-03475968, HAL.
    22. Eicher Theo S. & Turnovsky Stephen J. & Walz Uwe, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, De Gruyter, vol. 1(1), pages 19-42, February.
    23. Theo Eicher & Stephen J. Turnovsky, 2000. "Scale, Congestion and Growth," Economica, London School of Economics and Political Science, vol. 67(267), pages 325-346, August.
    24. Chirinko, Robert S. & Mallick, Debdulal, 2011. "Cointegration, factor shares, and production function parameters," Economics Letters, Elsevier, vol. 112(2), pages 205-206, August.
    25. Clas Eriksson & Ficre Zehaie, 2005. "Population Density, Pollution and Growth," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(4), pages 465-484, April.
    26. Sibel Sirakaya & Stephen J. Turnovsky & Nedim M. Alemdar, 2009. "Trade, Growth, and Environmental Quality," Review of International Economics, Wiley Blackwell, vol. 17(5), pages 906-926, November.
    27. Sanz Labrador, Ismael & Sanz-Sanz, José Félix, 2013. "Política fiscal y crecimiento económico: consideraciones microeconómicas y relaciones macroeconómicas," Macroeconomía del Desarrollo 5367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    28. Maemir, H. & Ziesemer, T., 2014. "Multinational production and trade in an endogenous growth model with heterogeneous firms," MERIT Working Papers 2014-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    29. Harashima, Taiji, 2010. "An Asymptotically Non-Scale Endogenous Growth Model," MPRA Paper 26025, University Library of Munich, Germany.
    30. Censolo, Roberto & Colombo, Caterina, 2008. "Public consumption composition in a growing economy," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1479-1495, December.
    31. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    32. Tsoukis, Christopher & Miller, Nigel James, 2008. "Learning, scale effects, and (very) long-run growth," Economic Modelling, Elsevier, vol. 25(3), pages 446-462, May.
    33. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    34. Cosmin Enache, 2009. "Fiscal Policy And Economic Growth In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-50.
    35. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    36. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43, May.
    37. Alvarez-Cuadrado, Francisco & Pintea, Mihaela I., 2009. "A quantitative exploration of the Golden Age of European growth," Journal of Economic Dynamics and Control, Elsevier, vol. 33(7), pages 1437-1450, July.
    38. Trimborn, Timo, 2018. "On the analysis of endogenous growth models with a balanced growth path," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 40-50.
    39. Carmelo Pierpaolo Parello, 2012. "Indeterminacy in a Dynamic Small Open Economy with International Migration," Working Papers in Public Economics 159, University of Rome La Sapienza, Department of Economics and Law.
    40. Martinez-Garcia, Maria Pilar, 2003. "The general instability of balanced paths in endogenous growth models: the role of transversality conditions," Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 599-618, February.
    41. Perez-Sebastian, Fidel, 2007. "Public support to innovation and imitation in a non-scale growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3791-3821, December.
    42. Alberto Bucci, 2005. "Human capital, product market power and economic growth," Chapters, in: Neri Salvadori & Renato Balducci (ed.), Innovation, Unemployment and Policy in the Theories of Growth and Distribution, chapter 1, Edward Elgar Publishing.
    43. Alho, Kari, 2006. "Climate Policies and Economic Growth," Discussion Papers 1024, The Research Institute of the Finnish Economy.
    44. Thomas Christiaans, 2001. "Economic Growth, a Golden Rule of Thumb, and Learning by Doing," Volkswirtschaftliche Diskussionsbeiträge 95-01, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    45. Mäki-Arvela, Petteri, 2002. "Testing the Neoclassical Model of Regional Economic Growth: A Panel Data Approach across the Finnish Provinces, 1973-1996," The Review of Regional Studies, Southern Regional Science Association, vol. 32(2), pages 223-253, Summer/Fa.
    46. Creina Day, 2016. "Non-Scale Endogenous Growth with R&D and Human Capital," Scottish Journal of Political Economy, Scottish Economic Society, vol. 63(5), pages 443-467, November.
    47. Grossmann, Volker & Steger, Thomas M., 2007. "Growth, Development, and Technological Change," IZA Discussion Papers 2558, Institute of Labor Economics (IZA).
    48. Thomas Christiaans, 2017. "On the implications of declining population growth for regional migration," Journal of Economics, Springer, vol. 122(2), pages 155-171, October.
    49. Christiaans, Thomas, 2004. "Types of balanced growth," Economics Letters, Elsevier, vol. 82(2), pages 253-258, February.
    50. Jakub Growiec, 2007. "Warunki zrównoważonego wzrostu gospodarczego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 1-16.
    51. Steger, Thomas M., 2002. "Transitional dynamics in R&D-based models of endogenous growth," Wirtschaftswissenschaftliche Diskussionspapiere 04/2002, University of Greifswald, Faculty of Law and Economics.
    52. Esfahani, Hadi Salehi & Ramirez, Maria Teresa, 2003. "Institutions, infrastructure, and economic growth," Journal of Development Economics, Elsevier, vol. 70(2), pages 443-477, April.
    53. Mihaela Pintea, 2004. "Fiscal Policy in a Two-Sector Economy with Public Capital and Congestion," Computing in Economics and Finance 2004 55, Society for Computational Economics.
    54. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    55. Norman Gemmell & Richard Kneller & Ismael Sanz, 2011. "The Timing and Persistence of Fiscal Policy Impacts on Growth: Evidence from OECD Countries," Economic Journal, Royal Economic Society, vol. 121(550), pages 33-58, February.
    56. Creina Day, 2006. "Population and Endogenous Growth," ANU Working Papers in Economics and Econometrics 2006-475, Australian National University, College of Business and Economics, School of Economics.
    57. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    58. Klarl, Torben, 2022. "Fragile robots, economic growth and convergence," Economic Modelling, Elsevier, vol. 112(C).
    59. Taiji Harashima, 2004. "A New Asymptotically Non-Scale Endogenous Growth Model," Development and Comp Systems 0412009, University Library of Munich, Germany, revised 01 Mar 2005.
    60. Deeken, Tim & Ott, Ingrid, 2014. "Integration as a spatial institution: Implications for agglomeration and growth," Working Paper Series in Economics 59, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    61. Gómez, Manuel A. & Sequeira, Tiago N., 2013. "Optimal R&D subsidies in a model with physical capital, human capital and varieties," Economic Modelling, Elsevier, vol. 30(C), pages 217-224.
    62. Arnold, Lutz G., 2003. "Growth in stages," Structural Change and Economic Dynamics, Elsevier, vol. 14(1), pages 55-74, March.
    63. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    64. Alberto BUCCI, 2002. "Market Power, Human Capital and Growth," LIDAM Discussion Papers IRES 2002012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    65. Turnovsky, Stephen J., 2002. "Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1765-1785, August.
    66. Torben Klarl, 2022. "Fragile Robots, Economic Growth and Convergence," Bremen Papers on Economics & Innovation 2202, University of Bremen, Faculty of Business Studies and Economics.

  98. Turnovsky, Stephen J., 1999. "On the role of government in a stochastically growing open economy," Journal of Economic Dynamics and Control, Elsevier, vol. 23(5-6), pages 873-908, April.
    See citations under working paper version above.
  99. Eicher, Theo S & Turnovsky, Stephen J, 1999. "Convergence in a Two-Sector Nonscale Growth Model," Journal of Economic Growth, Springer, vol. 4(4), pages 413-428, December.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Hiroaki Sasaki, 2008. "North-South Asymmetry in Returns to Scale, Uneven Development, and the Population Puzzle," TERG Discussion Papers 238, Graduate School of Economics and Management, Tohoku University.
    3. Hosoya, Kei, 2019. "Importance of a victim-oriented recovery policy after major disasters," Economic Modelling, Elsevier, vol. 78(C), pages 1-10.
    4. Been-Lon Chen & Jie-Ping Mo & Ping Wang, 2000. "Market Frictions, Technology Adoption and Economic Growth," Vanderbilt University Department of Economics Working Papers 0034, Vanderbilt University Department of Economics.
    5. Timo Trimborn & Karl-Josef Koch & Thomas M. Steger, 2004. "Multi-dimensional transitional dynamics : a simple numerical procedure," CER-ETH Economics working paper series 04/35, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    6. Gómez Manuel A., 2010. "Endogenous Growth, Habit Formation and Convergence Speed," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-32, January.
    7. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    8. Ghazi A. Joharji & Martha A. Starr, 2010. "Fiscal policy and growth in Saudi Arabia," Working Papers 2010-07, American University, Department of Economics.
    9. Jordan M. Rappaport, 2000. "How Does Labor Mobility Affect Income Convergence?," Econometric Society World Congress 2000 Contributed Papers 0124, Econometric Society.
    10. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    11. Zhang, Jie, 2005. "Income ranking and convergence with physical and human capital and income inequality," Journal of Economic Dynamics and Control, Elsevier, vol. 29(3), pages 547-566, March.
    12. Papageorgiou, Chris & Perez-Sebastian, Fidel, 2004. "Can Transition Dynamics Explain The International Output Data?," Macroeconomic Dynamics, Cambridge University Press, vol. 8(4), pages 466-492, September.
    13. Stefan F. Schubert, 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Post-Print hal-00851861, HAL.
    14. Theo Eicher & Stephen Turnovsky & Maria Carme Riera i Prunera, 2003. "Effects of differential taxation on factor accumulation and growth," Working Papers in Economics 98, Universitat de Barcelona. Espai de Recerca en Economia.
    15. Chatterjee, Santanu & Sakoulis, Georgios & Turnovsky, Stephen J., 2003. "Unilateral capital transfers, public investment, and economic growth," European Economic Review, Elsevier, vol. 47(6), pages 1077-1103, December.
    16. Gómez Manuel A. & Sequeira Tiago Neves, 2012. "The Transitional Dynamics of an Endogenous Growth Model: Generalizing Production Functions," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(5), pages 1-27, December.
    17. Gómez, Manuel A., 2018. "Factor substitution and convergence speed in the neoclassical model with elastic labor supply," Economics Letters, Elsevier, vol. 172(C), pages 89-92.
    18. Torben Klarl, 2009. "Modelling the folk theorem of spatial economics: a heterogeneous regional growth model," Discussion Paper Series 305, Universitaet Augsburg, Institute for Economics.
    19. Jakub Growiec & Ingmar Schumacher, 2012. "Technological Opportunity, Long-Run Growth, and Convergence," Working Papers hal-00753532, HAL.
    20. Kei Hosoya, 2017. "Accounting for Growth Disparity: Lucas's Framework Revisited," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 874-887, August.
    21. Sedgley, Norman & Elmslie, Bruce, 2010. "Reinterpreting the Jones critique: A time series approach to testing and understanding idea driven growth models with transitional dynamics," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 103-117, March.
    22. Anders Sorensen, 2001. "Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries: Comment," American Economic Review, American Economic Association, vol. 91(4), pages 1160-1167, September.
    23. Papageorgiou, Chris & Perez-Sebastian, Fidel, 2006. "Dynamics in a non-scale R&D growth model with human capital: Explaining the Japanese and South Korean development experiences," Journal of Economic Dynamics and Control, Elsevier, vol. 30(6), pages 901-930, June.
    24. Silvia Dal Bianco, 2016. "Going clubbing in the eighties: convergence in manufacturing sectors at a glance," Empirical Economics, Springer, vol. 50(2), pages 623-659, March.
    25. Chris Papageorgiou & Fidel Pérez Sebastián & María Dolores Guilló Fuentes, 2010. "A unified theory of structural change," Working Papers. Serie AD 2010-34, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    26. Steger, Thomas M., 2002. "Transitional dynamics in R&D-based models of endogenous growth," Wirtschaftswissenschaftliche Diskussionspapiere 04/2002, University of Greifswald, Faculty of Law and Economics.
    27. Hosoya, Kei & 細谷, 圭 & ホソヤ, ケイ, 2005. "The Speed of Convergence in a Two-Sector Growth Model with Health Capital," Discussion Paper 245, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    28. Esfahani, Hadi Salehi & Ramirez, Maria Teresa, 2003. "Institutions, infrastructure, and economic growth," Journal of Development Economics, Elsevier, vol. 70(2), pages 443-477, April.
    29. Dilara Kýlýnç & Ý. Hakan Yetkiner, 2013. "Does Gender Matter for Economic Convergence? The OECD Evidence," Working Papers 1302, Izmir University of Economics.
    30. Eliasson, Ludvik & Turnovsky, Stephen J., 2004. "Renewable resources in an endogenously growing economy: balanced growth and transitional dynamics," Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1018-1049, November.
    31. Brett D. Berger, 2001. "Putty-putty, two sector, vintage capital growth models," International Finance Discussion Papers 716, Board of Governors of the Federal Reserve System (U.S.).
    32. Leone Leonida, "undated". "On the Effects of Industrialization Processes on Growth and Convergence Dynamics: Evidence from Italian Regions," Discussion Papers 04/15, Department of Economics, University of York.
    33. Jordan Rappaport, 2000. "Is the speed of convergence constant?," Research Working Paper RWP 00-10, Federal Reserve Bank of Kansas City.
    34. Klarl, Torben, 2022. "Fragile robots, economic growth and convergence," Economic Modelling, Elsevier, vol. 112(C).
    35. Patrizia Margani & Roberto Ricciuti, 2001. "Further Evidence on Convergence across Italian Regions," ERSA conference papers ersa01p104, European Regional Science Association.
    36. Spruk, Rok, 2011. "Productivity and income convergence in transition: theory and evidence from Central Europe," MPRA Paper 33389, University Library of Munich, Germany.
    37. Klarl, Torben, 2016. "Pollution externalities, endogenous health and the speed of convergence in an endogenous growth model," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 98-113.
    38. Torben Klarl, 2022. "Fragile Robots, Economic Growth and Convergence," Bremen Papers on Economics & Innovation 2202, University of Bremen, Faculty of Business Studies and Economics.

  100. Eicher, Theo S & Turnovsky, Stephen J, 1999. "International Capital Markets and Non-scale Growth," Review of International Economics, Wiley Blackwell, vol. 7(2), pages 171-188, May.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    3. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    4. Christiaans, Thomas, 2008. "International trade and industrialization in a non-scale model of economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 19(3), pages 221-236, September.
    5. Eicher Theo S. & Turnovsky Stephen J. & Walz Uwe, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, De Gruyter, vol. 1(1), pages 19-42, February.
    6. Theo S Eicher & Uwe Walz & Stephen Turnovsky, 2000. "Financial Liberalization and Capital Flow Reversals:," Working Papers 0003, University of Washington, Department of Economics.
    7. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    8. Trofimov Georgy, 2003. "Regimes of Growth and Economic Integration. Why Poor Countries Cannot Join the "Club" of the Rich?," EERC Working Paper Series 03-03e, EERC Research Network, Russia and CIS.
    9. Chang, Chia-Ying, 2012. "When banking systems meet currencies," Working Paper Series 18620, Victoria University of Wellington, School of Economics and Finance.
    10. Bender, Dieter & Löwenstein, Wilhelm, 2005. "Two-gap models: Post-keynesian death and neoclassical rebirth," IEE Working Papers 180, Ruhr University Bochum, Institute of Development Research and Development Policy (IEE).
    11. Soumia Zenasni & Abderrezak Benhabib, 2013. "Capital Account Liberalization and Economic Growth in Developing Economies: An Empirical Investigation," Global Financial Markets Working Paper Series 40-2012, Friedrich-Schiller-University Jena.
    12. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.

  101. Bruce, Neil & Turnovsky, Stephen J, 1999. "Budget Balance, Welfare, and the Growth Rate: "Dynamic Scoring" of the Long-Run Government Budget," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(2), pages 162-186, May.

    Cited by:

    1. Piergallini, Alessandro, 2020. "Is Fiscal Austerity Really Self-Defeating?," MPRA Paper 112071, University Library of Munich, Germany.
    2. Uhlig, Harald & Trabandt, Mathias, 2006. "How Far Are We From the Slippery Slope? The Laffer Curve Revisited," CEPR Discussion Papers 5657, C.E.P.R. Discussion Papers.
    3. Ott Ingrid & Stephen Turnovsky, 2005. "Excludable and Non-excludable Public Inputs: Consequences for Economic Growth," Working Papers UWEC-2006-02-P, University of Washington, Department of Economics, revised Jun 2005.
    4. Stephen Turnovsky, 2000. "The Transitional Dynamics of Fiscal Policy: Long-run Capital Accumulation and Growth," Discussion Papers in Economics at the University of Washington 0018, Department of Economics at the University of Washington.
    5. Eric M. Leeper & Shu-Chun Susan Yang, 2006. "Dynamic Scoring: Alternative Financing Schemes," CAEPR Working Papers 2006-022, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    6. Wickens, Michael R. & Heer, Burkhard, 2017. "Population Aging, Social Security and Fiscal Limits," CEPR Discussion Papers 11978, C.E.P.R. Discussion Papers.
    7. Alejandro Cuñat & Szabolcs Deák & Marco Maffezzoli, 2010. "Tax Cuts in Open Economies," DEGIT Conference Papers c015_052, DEGIT, Dynamics, Economic Growth, and International Trade.
    8. Lin, Boqiang & Jia, Zhijie, 2019. "Tax rate, government revenue and economic performance: A perspective of Laffer curve," China Economic Review, Elsevier, vol. 56(C), pages 1-1.
    9. Noritaka Maebayashi & Takeo Hori & Koichi Futagami, 2012. "Dynamic analysis of reductions in public debt in an endogenous growth model with public capital," Discussion Papers in Economics and Business 12-08, Osaka University, Graduate School of Economics.
    10. Kosempel, S., 2003. "Finite lifetimes and government spending in an endogenous growth model," Working Papers 2003-13, University of Guelph, Department of Economics and Finance.
    11. Holger Strulik & Timo Trimborn, 2011. "Laffer Strikes Again: Dynamic Scoring of Capital Taxes," DEGIT Conference Papers c016_074, DEGIT, Dynamics, Economic Growth, and International Trade.
    12. Stephen Turnovsky, 1998. "Fiscal Policy, Elastic Labor Supply, and Endogenous Growth," Discussion Papers in Economics at the University of Washington 0068, Department of Economics at the University of Washington.
    13. Glomm, Gerhard & Jung, Juergen & Tran, Chung, 2018. "Fiscal Austerity Measures: Spending Cuts Vs. Tax Increases," Macroeconomic Dynamics, Cambridge University Press, vol. 22(2), pages 501-540, March.
    14. Juha Tervala & Mr. Giovanni Ganelli, 2008. "Tax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies," IMF Working Papers 2008/227, International Monetary Fund.
    15. Fisher, Walter H. & Bianconi, Marcelo, 2001. "Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy," Economics Series 96, Institute for Advanced Studies.
    16. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2013. "Fiscal Sustainability, Macroeconomic Stability, and Welfare under Fiscal Discipline in a Small Open Economy," Discussion Papers in Economics and Business 13-07, Osaka University, Graduate School of Economics.
    17. Agell, Jonas & Persson, Mats, 2000. "On the Analytics of the Dynamic Laffer Curve," Working Paper Series 2000:5, Uppsala University, Department of Economics.
    18. Dean Scrimgeour, 2015. "Dynamic Scoring in a Romer‐Style Economy," Southern Economic Journal, John Wiley & Sons, vol. 81(3), pages 697-723, January.
    19. Kazutoshi Miyazawa & Hikaru Ogawa & Toshiki Tamai, 2018. "Tax Competition and Fiscal Sustainability," CIRJE F-Series CIRJE-F-1103, CIRJE, Faculty of Economics, University of Tokyo.
    20. Ahmet Ozcam, 2015. "The Laffer Effect in a Product's Market in the Case of a Specific Tax," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 85-99, February.
    21. Trabandt, Mathias & Uhlig, Harald, 2011. "The Laffer curve revisited," Journal of Monetary Economics, Elsevier, vol. 58(4), pages 305-327.
    22. Futagami, Koichi & Hori, Takeo & Ohdoi, Ryoji, 2010. "Debt Policy and Economic Growth in a Small Open Economy Model with Productive Government Spending," ADBI Working Papers 212, Asian Development Bank Institute.
    23. van Oudheusden, P., 2010. "Fiscal Policy Reforms and Dynamic Laffer Effects," Discussion Paper 2010-15, Tilburg University, Center for Economic Research.
    24. Sugata Ghosh & Udayan Roy, 2004. "Fiscal policy, long‐run growth, and welfare in a stock‐flow model of public goods," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(3), pages 742-756, August.
    25. Ching-chong Lai & Jhy-yuan Shieh & Wen-Ya Chang, 2002. "Endogenous Growth and Defense Expenditures: A New Explanation of the Benoit Hypothesis," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(3), pages 179-186.
    26. Ingrid Ott & Susanne Soretz, 2004. "Growth and Welfare Effects of Tax Cuts: The Case of a Productive Public Input with Technological Risk," Economic Change and Restructuring, Springer, vol. 31(2), pages 117-135, June.
    27. Gómez, Manuel A. & Sequeira, Tiago N., 2014. "Should the US streamline its tax system? Analysis on an endogenous growth model," Economic Modelling, Elsevier, vol. 37(C), pages 113-119.
    28. Xiaoshan Chen & Campbell Leith & Matta Ricci, 2018. "Debt Sustainability and Welfare along an Optimal Laffer Curve," Working Papers 2018_01, Business School - Economics, University of Glasgow.
    29. Aliyu Alhaji Jibrilla, 2016. "Fiscal sustainability in the presence of structural breaks: Does overconfidence on resource exports hurt government’s ability to finance debt? Evidence from Nigeria," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1170317-117, December.
    30. Joydeb Sasmal & Ritwik Sasmal, 2017. "Government Spending With Public Debt, Economic Growth And Fiscal Balance: Evidences From India," Proceedings of International Academic Conferences 5908111, International Institute of Social and Economic Sciences.
    31. Ferede Ergete, 2008. "Dynamic Scoring in the Ramsey Growth Model," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-27, September.
    32. Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Role Of Human Capital," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(3), pages 115-128, September.
    33. Miyazawa, Kazutoshi & Ogawa, Hikaru & Tamai, Toshiki, 2019. "Capital market integration and fiscal sustainability," European Economic Review, Elsevier, vol. 120(C).
    34. Alessandra Amendola & Marinella Boccia & Gianluca Mele & Luca Sensini, 2020. "Fiscal Policies and Performance: Evidence from Dominican Republic firms," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(5), pages 1-16.
    35. van Oudheusden, P., 2012. "Dynamic Scoring Through Creative Destruction," Other publications TiSEM 13955715-2cbb-443b-a099-9, Tilburg University, School of Economics and Management.
    36. Sugata Marjit & Ritwik Sasmal & Joydeb Sasmal, 2020. "Composition of public expenditure and growth of per capita income in Indian states: a political perspective," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(1), pages 1-17, June.
    37. Bhatt Hakhu, Antra & Piergallini, Alessandro & Scaramozzino, Pasquale, 2014. "Public Capital Expenditure and Debt Dynamics: Evidence from the European Union," MPRA Paper 62827, University Library of Munich, Germany.
    38. Joydeb Sasmal & Ritwik Sasmal, 2020. "Public Debt, Economic Growth and Fiscal Balance: Alternative Measures of Sustainability in the Indian Context," Global Business Review, International Management Institute, vol. 21(3), pages 780-799, June.
    39. M Saifur Rahman, 2008. "Should Dynamic Scoring be done with Heterogeneous Agent-Based Models? Challenging the Conventional Wisdom," CAEPR Working Papers 2008-023, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    40. Fredriksson, Anders, 2007. "Compositional and dynamic Laffer effects in models with constant returns to scale," Research Papers in Economics 2007:2, Stockholm University, Department of Economics, revised 21 Apr 2004.
    41. Gomez, Manuel A., 2007. "Optimal tax structure in a two-sector model of endogenous growth," Journal of Macroeconomics, Elsevier, vol. 29(2), pages 305-325, June.
    42. Schubert, Stefan F. & Turnovsky, Stephen J., 2018. "Growth and unemployment: Short-run and long-run tradeoffs," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 172-189.
    43. Bianconi, Marcelo & Fisher, Walter H., 2011. "Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies," Economics Series 271, Institute for Advanced Studies.
    44. Kunihiko Konishi, 2013. "Public Research Spending in an Endogenous Growth Model," Discussion Papers in Economics and Business 13-26, Osaka University, Graduate School of Economics.
    45. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2017. "Debt Policy Rules in an Open Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 158-177, February.
    46. van Oudheusden, P., 2012. "Dynamic Scoring Through Creative Destruction," Discussion Paper 2012-084, Tilburg University, Center for Economic Research.
    47. Stephen Turnovsky & Santanu Chatterjee, 2002. "To Spend the US Government Surplus or to Increase the Deficit? A Numerical Analysis of the Policy Options," Working Papers UWEC-2002-19-P, University of Washington, Department of Economics.
    48. Tsuchiya, Yoichi, 2016. "Dynamic Laffer curves, population growth and public debt overhangs," International Review of Economics & Finance, Elsevier, vol. 41(C), pages 40-52.
    49. Canofari, Paolo & Piergallini, Alessandro & Piersanti, Giovanni, 2018. "The Fallacy of Fiscal Discipline," MPRA Paper 88427, University Library of Munich, Germany.
    50. Sugata Ghosh & Iannis A. Mourmouras, 2004. "Debt, Growth and Budgetary Regimes," Bulletin of Economic Research, Wiley Blackwell, vol. 56(3), pages 241-250, July.
    51. Valeria De Bonis, 2023. "The debt to wealth ratio vs the debt to GDP ratio as an indicator of financial stability," Public Finance Research Papers 57, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    52. van Oudheusden, P., 2010. "Fiscal Policy Reforms and Dynamic Laffer Effects," Other publications TiSEM 9333f615-5bd1-4105-994a-d, Tilburg University, School of Economics and Management.
    53. Keshab Raj Bhattarai & Jonathan Haughton & David Tuerck, 2015. "Fiscal Policy, Growth and Income Distribution in the UK and the US," EcoMod2015 8607, EcoMod.

  102. Stephen J. Turnovsky, 1999. "Fiscal Policy and Growth in a Small Open Economy with Elastic Labor Supply," Canadian Journal of Economics, Canadian Economics Association, vol. 32(5), pages 1191-1214, November.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Wei-Bin ZHANG, 2014. "Gender Discrimination, Education and Economic Growth in a Generalized Uzawa-Lucas Two-Sector Model," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 7(1), pages 1-34.
    3. Kazuo Mino, 2016. "Fiscal Policy in a Growing Economy with Financial Frictions and Firm Heterogeneity," The Japanese Economic Review, Japanese Economic Association, vol. 67(1), pages 3-30, March.
    4. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    5. Chang, Shu-hua & Lai, Ching-chong, 2016. "Vertical separation versus vertical integration in an endogenously growing economy," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 359-380.
    6. Gui Pedro de Mendonça, 2009. "Growth, Fiscal Policy and the Informal Sector in a Small Open Economy," EERI Research Paper Series EERI_RP_2009_16, Economics and Econometrics Research Institute (EERI), Brussels.
    7. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.
    8. Chen, Yu-chin & Turnovsky, Stephen J., 2010. "Growth and inequality in a small open economy," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 497-514, June.
    9. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    10. Wei-Bin Zhang, 2016. "Gender-Differentiated Human Capital And Time Distributions In A Generalized Heckscher-Ohlin Model With Endogenous Physical Capital," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(2), pages 112-132, June.
    11. Chun-chieh Huang & Ching-chong Lai & Juin-jen Chang, 2004. "Working Hours Reduction and Endogenous Growth," IEAS Working Paper : academic research 04-A006, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    12. Michał Konopczyński, 2022. "Optimal Fiscal Policy in a Small Open Economy: Insights from the Growth Model with Human Capital and Public Debt," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 14(2), pages 131-160, June.
    13. Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
    14. Daisuke Amano & Jun-ichi Itaya & Kazuo Mino, 2014. "Trade Structure and Growth Effects of Taxation in a Two-Country World," KIER Working Papers 891, Kyoto University, Institute of Economic Research.
    15. Cheng-wei Chang & Ching-chong Lai, 2021. "Optimal fiscal policies and market structures with monopolistic competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1385-1411, December.
    16. Michał Konopczyński, 2018. "Optimal fiscal policy in an emerging economy with credit constraints: theory and application for Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(3), pages 169-231, September.
    17. Dobrota Gabriela, 2012. "Correlations Between Fiscal - Budgetary Policy And The Economic Development In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 98-103, September.
    18. Ulrich Hange, 2008. "Tax Competition, Elastic Labor Supply, and Growth," CESifo Working Paper Series 2338, CESifo.
    19. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    20. Wei-Bin ZHANG, 2014. "Human Capital, Wealth, and Renewable Resources," Expert Journal of Economics, Sprint Investify, vol. 2(1), pages 1-20.

  103. Turnovsky, Stephen J., 1999. "Productive Government Expenditure In A Stochastically Growing Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 3(4), pages 544-570, December.
    See citations under working paper version above.
  104. Asea, Patrick K. & Turnovsky, Stephen J., 1998. "Capital income taxation and risk-taking in a small open economy," Journal of Public Economics, Elsevier, vol. 68(1), pages 55-90, April.
    See citations under working paper version above.
  105. Grinols, Earl L & Turnovsky, Stephen J, 1998. "Consequences of Debt Policy in a Stochastically Growing Monetary Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 495-521, May.
    See citations under working paper version above.
  106. Fisher, Walter H & Turnovsky, Stephen J, 1998. "Public Investment, Congestion, and Private Capital Accumulation," Economic Journal, Royal Economic Society, vol. 108(447), pages 399-413, March.

    Cited by:

    1. Manoj Atolia & Santanu Chatterjee & Stephen J. Turnovsky, 2008. "How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model," Working Papers wp2008_11_01, Department of Economics, Florida State University, revised Sep 2008.
    2. Ott Ingrid & Stephen Turnovsky, 2005. "Excludable and Non-excludable Public Inputs: Consequences for Economic Growth," Working Papers UWEC-2006-02-P, University of Washington, Department of Economics, revised Jun 2005.
    3. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    4. Diego Martínez López, 2001. "Linking public investment to private investment. The case of the Spanish regions," Economic Working Papers at Centro de Estudios Andaluces E2001/04, Centro de Estudios Andaluces.
    5. Ott, Ingrid & Soretz, Susanne, 2008. "Growth strategies: Fiscal versus institutional policies," Economic Modelling, Elsevier, vol. 25(4), pages 605-622, July.
    6. Oliviero A. Carboni & Paolo Russu, 2013. "A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 1-13.
    7. Economides, George & Park, Hyun & Philippopoulos, Apostolis, 2011. "How Should The Government Allocate Its Tax Revenues Between Productivity-Enhancing And Utility-Enhancing Public Goods?," Macroeconomic Dynamics, Cambridge University Press, vol. 15(3), pages 336-364, June.
    8. Pierre-Richard Agénor, 2012. "Infrastructure, Public Education And Growth With Congestion Costs," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 449-469, October.
    9. Jaime Alonso-Carrera & María Jesús Freire-Serén & Baltasar Manzano, 2004. "Rentabilidad social de la inversión pública española en infraestructuras," Hacienda Pública Española / Review of Public Economics, IEF, vol. 170(3), pages 81-103, september.
    10. Lifeng Zhang, 2015. "A Multi-sector Model of Public Expenditure and Growth," Journal of Economics, Springer, vol. 115(1), pages 73-93, May.
    11. Turnovsky, Stephen J. & Pintea, Mihaela, 2006. "Public and private production in a two-sector economy," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 273-302, June.
    12. Ingrid Ott & Susanne Soretz, 2016. "Green Attitude and Economic Growth," CEEES Paper Series CE3S-01/16, European University at St. Petersburg, Department of Economics.
    13. Giulia Felice, 2010. "A Two-Sector Model of Public Investment and Growth," DEGIT Conference Papers c015_060, DEGIT, Dynamics, Economic Growth, and International Trade.
    14. Yousra Mekdad & Aziz Dahmani & Monir Louadj, 2014. "Public spending on education and Economic Growth in Algeria: Causality Test," Proceedings of International Academic Conferences 0101002, International Institute of Social and Economic Sciences.
    15. Noritaka Maebayashi & Takeo Hori & Koichi Futagami, 2012. "Dynamic analysis of reductions in public debt in an endogenous growth model with public capital," Discussion Papers in Economics and Business 12-08, Osaka University, Graduate School of Economics.
    16. Cavallo, Eduardo & Daude, Christian, 2011. "Public investment in developing countries: A blessing or a curse?," Journal of Comparative Economics, Elsevier, vol. 39(1), pages 65-81, March.
    17. A. Lans Bovenberg & Ben J. Heijdra, "undated". "Environmental Abatement and Intergenerational Redistribution," EPRU Working Paper Series 00-08, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    18. Ingrid Ott & Susanne Soretz, 2006. "Governmental activity and private capital adjustment," Working Paper Series in Economics 26, University of Lüneburg, Institute of Economics.
    19. Gupta, Manash Ranjan & Barman, Trishita Ray, 2010. "Health, infrastructure, environment and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 657-673, June.
    20. Cassou, Steven P. & Gorostiaga Alonso, Miren Arantzazu, 2007. "Optimal fiscal policy in a multisector model with minimum expenditure requirements," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    21. Gokan, Yoichi, 2008. "Infrastructure, alternative government finance and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 321-347, February.
    22. Chetan Ghate & Paul J. Zak, 2003. "The Politics of Endogenous Growth," Discussion Papers of DIW Berlin 320, DIW Berlin, German Institute for Economic Research.
    23. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2013. "Fiscal Sustainability, Macroeconomic Stability, and Welfare under Fiscal Discipline in a Small Open Economy," Discussion Papers in Economics and Business 13-07, Osaka University, Graduate School of Economics.
    24. Duarte Bom, P.R. & Heijdra, B.J. & Ligthart, J.E., 2010. "Output Dynamics, Technology, and Public Investment," Other publications TiSEM 39238188-f882-4db5-a834-a, Tilburg University, School of Economics and Management.
    25. Ibrahim Ari & Muammer Koc, 2020. "Economic Growth, Public and Private Investment: A Comparative Study of China and the United States," Sustainability, MDPI, vol. 12(6), pages 1-19, March.
    26. Ingrid Ott & Susanne Soretz, 2006. "Regional growth strategies: fiscal versus institutional governmental policies," Working Paper Series in Economics 30, University of Lüneburg, Institute of Economics.
    27. Xavier Raurich & Hector Sala & Valeri Sorolla, 2009. "Labour market effects of public capital stock: evidence for the Spanish private sector," International Review of Applied Economics, Taylor & Francis Journals, vol. 23(1), pages 1-18.
    28. Barbero Jiménez, Javier & Christensen, Martin & Conte, Andrea & Lecca, Patrizio & Rodríguez-Pose, Andrés & Salotti, Simone, 2022. "Improving government quality in the regions of the EU and its system-wide benefits for Cohesion policy," CEPR Discussion Papers 17045, C.E.P.R. Discussion Papers.
    29. Gustavo Marrero, 2010. "Tax-mix, public spending composition and growth," Journal of Economics, Springer, vol. 99(1), pages 29-51, February.
    30. Chatterjee, Santanu & Sakoulis, Georgios & Turnovsky, Stephen J., 2003. "Unilateral capital transfers, public investment, and economic growth," European Economic Review, Elsevier, vol. 47(6), pages 1077-1103, December.
    31. P.M. Hartley & L.C.G. Rogers, 2005. "Two‐Sector Stochastic Growth Models," Australian Economic Papers, Wiley Blackwell, vol. 44(4), pages 322-351, December.
    32. Chetan Ghate & Gerhard Glomm & Jialu Liu, 2012. "Sectoral infrastructure investment in an unbalanced growing economy: The Case of India," Discussion Papers 12-07, Indian Statistical Institute, Delhi.
    33. Wesselbaum, Dennis, 2015. "Sectoral labor market effects of fiscal spending," Structural Change and Economic Dynamics, Elsevier, vol. 34(C), pages 19-35.
    34. Bom, Pedro R.D., 2017. "Factor-biased public capital and private capital crowding out," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 100-117.
    35. Funashima, Yoshito, 2015. "Governmentally amplified output volatility," MPRA Paper 65330, University Library of Munich, Germany.
    36. Pedro R. D. Bom & Aitor Goti, 2018. "Public Capital and the Labor Income Share," Sustainability, MDPI, vol. 10(11), pages 1-17, October.
    37. Patrizio Lecca & Peter McGregor & Kim Swales, 2010. "Balanced Budget Government Spending in a Small Open Regional Economy," Working Papers 1020, University of Strathclyde Business School, Department of Economics.
    38. Monisankar Bishnu & Chetan Ghate & Pawan Gopalakrishnan, 2013. "Factor income taxation, growth, and investment specific technological change," Discussion Papers 13-04, Indian Statistical Institute, Delhi.
    39. Nakayama, Yuji & 中山, 雄司 & ナカヤマ, ユウジ, 2001. "Spatial Competition and Accumulation of Public Capital," Discussion Paper 34, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    40. Ingrid Ott & Susanne Soretz, 2004. "Growth and Welfare Effects of Tax Cuts: The Case of a Productive Public Input with Technological Risk," Economic Change and Restructuring, Springer, vol. 31(2), pages 117-135, June.
    41. Wen-Ya Chang & Hsueh-Fang Tsai & Ching-Chong Lai, 1999. "The Steady-State Effects of Income Taxation with Endogenous Time Preference," Public Finance Review, , vol. 27(6), pages 648-664, November.
    42. Duarte Bom, P.R. & Ligthart, J.E., 2011. "Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules," Discussion Paper 2011-092, Tilburg University, Center for Economic Research.
    43. Soretz, Susanne, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Hannover Economic Papers (HEP) dp-259, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    44. Ingrid Ott, 2004. "Bureaucratic corruption and macroeconomic performance," Computing in Economics and Finance 2004 303, Society for Computational Economics.
    45. Gustavo A. Marrero & Alfonso Novales, 2001. "Growth and welfare: Distorting versus non-distorting taxes," Documentos de Trabajo del ICAE 0105, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    46. Clancy, Daragh & Jacquinot, Pascal & Lozej, Matija, 2016. "Government expenditure composition and fiscal policy spillovers in small open economies within a monetary union," Journal of Macroeconomics, Elsevier, vol. 48(C), pages 305-326.
    47. Arawatari, Ryo & Hori, Takeo & Mino, Kazuo, 2023. "Government expenditure and economic growth: A heterogeneous-agents approach," Journal of Macroeconomics, Elsevier, vol. 75(C).
    48. Ingrid Ott & Susanne Soretz, 2002. "Fiscal Policy in a Stochastic Model of Endogenous Growth with Congestion," Computing in Economics and Finance 2002 162, Society for Computational Economics.
    49. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    50. Ott, Ingrid & Soretz, Susanne, 2010. "On the role of productive government spendings for convergence of a growing economy with heterogenous specialists," Working Paper Series in Economics 5, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    51. Jaime Alonso-Carrera & Maria Jesus Freire-Seren & Baltasar Manzano, 2008. "Macroeconomic Effects From The Regional Allocation Of Public Capital Formation," CAMA Working Papers 2008-09, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    52. Chen, Been-Lon & Lee, Shun-Fa, 2007. "Congestible public goods and local indeterminacy: A two-sector endogenous growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2486-2518, July.
    53. Dioikitopoulos, Evangelos V. & Kalyvitis, Sarantis, 2008. "Public capital maintenance and congestion: Long-run growth and fiscal policies," Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3760-3779, December.
    54. Patrizio Lecca & Javier Barbero Jimenez & Martin Aaroe Christensen & Andrea Conte & Francesco Di Comite & Jorge Diaz-Lanchas & Olga Diukanova & Giovanni Mandras & Damiaan Persyn & Stylianos Sakkas, 2018. "RHOMOLO V3:A Spatial Modelling Framework," JRC Research Reports JRC111861, Joint Research Centre.
    55. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    56. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43, May.
    57. José Manuel González-Páramo & Diego Martínez López, "undated". "Public Investment and Convergence in the Spanish Regions," Studies on the Spanish Economy 112, FEDEA.
    58. Dzhumashev, Ratbek & Gahramanov, Emin, 2008. "Can we tax the desire for tax evasion?," Working Papers eco_2008_19, Deakin University, Department of Economics.
    59. Steven P. Cassou & Arantza Gorostiaga, 2009. "Optimal Fiscal Policy in a Multisector Model: The Price Consequences of Government Spending," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(2), pages 177-201, April.
    60. Jhy-Yuan Shieh & Wen-Ya Chang & Ching-Chong Lai, 2007. "An Endogenous Growth Model Of Capital And Arms Accumulation," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 557-575.
    61. Toshiki Tamai, 2009. "Public Capital, Taxation And Endogenous Growth In A Finite Horizons Model," Metroeconomica, Wiley Blackwell, vol. 60(1), pages 179-196, February.
    62. Inaki Erauskin-Iurrita, 2004. "Risk, productive government expenditure, and the world economy," International Finance 0412003, University Library of Munich, Germany.
    63. Santanu Chatterjee & Stephen Turnovsky, 2002. "Substitutability of Capital, Investment Costs, and Foreign Aid," Working Papers UWEC-2002-08-P, University of Washington, Department of Economics, revised Nov 2002.
    64. Pierre-Richard Agénor, 2005. "Schooling and Public Capital in a Model of Endogenous Growth," Economics Discussion Paper Series 0538, Economics, The University of Manchester.
    65. Ludger Linnemann & Andreas Schabert, 2005. "Productive Government Expenditure in Monetary Business Cycle Models," Tinbergen Institute Discussion Papers 05-053/2, Tinbergen Institute.
    66. Ott, Ingrid & Soretz, Susanne, 2002. "Optimal Taxation in a Stochastic Endogenous Growth Model with Congestion," Hannover Economic Papers (HEP) dp-253, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    67. Ryo Arawatari & Takeo Hori & Kazuo Mino, 2020. "Productive government expenditure and economic growth in a heterogeneous-agents model," KIER Working Papers 1044, Kyoto University, Institute of Economic Research.
    68. Martin Christensen, 2018. "Assessing the regional socio-economic impact of the European R&I programme," JRC Working Papers on Territorial Modelling and Analysis 2018-05, Joint Research Centre.
    69. Simon Wiederhold, 2009. "Government Spending Composition in a Simple Model of Schumpeterian Growth," Jena Economics Research Papers 2009-101, Friedrich-Schiller-University Jena.
    70. Susanne Soretz, 2007. "Efficient Dynamic Pollution Taxation in an Uncertain Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 57-84, January.
    71. Ott, Ingrid & Soretz, Susanne, 2011. "Public policies and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1435-1450, September.
    72. Bara, Aman Appolinus & Chakraborty, Bidisha, 2019. "Why should the government provide the infrastructure through the Public-Private Partnership mode?," MPRA Paper 95008, University Library of Munich, Germany.
    73. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.
    74. Heijdra, Ben J. & Meijdam, Lex, 2002. "Public investment and intergenerational distribution," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 707-735, May.
    75. Been-Lon Chen, 2003. "Economic Growth With Optimal Public Spending Compositional," IEAS Working Paper : academic research 03-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    76. Funashima, Yoshito, 2016. "Governmentally amplified output volatility," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 469-478.
    77. Carboni, Oliviero & Russu, Paolo, 2011. "The Conditions for a Balanced Growth in a Model with Public Finance: an Analytic Solution," MPRA Paper 36600, University Library of Munich, Germany.
    78. An, Zidong & Zhang, Feinan & Li, Haibo, 2022. "Elasticity of substitution between public and private capital: Evidence from manufacturing firms in Europe," Economics Letters, Elsevier, vol. 219(C).
    79. Chris Papageorgiou & Fidel Pérez Sebastián & María Dolores Guilló Fuentes, 2010. "A unified theory of structural change," Working Papers. Serie AD 2010-34, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    80. Carmen D. Ã lvarez-Albelo, 2018. "A calibration of the output elasticity of public capital," Economics Bulletin, AccessEcon, vol. 38(2), pages 761-771.
    81. Shieh, Jhy-yuan & Chen, Jhy-hwa & Lai, Ching-chong, 2006. "Government spending, capital accumulation and the optimal policy rule: The role of public service capital," Economic Modelling, Elsevier, vol. 23(6), pages 875-889, December.
    82. Santanu Chatterjee & Stephen Turnovsky, 2005. "Foreign Aid and Economic Growth: The Role of Flexible Labor Supply," Working Papers UWEC-2004-07-P, University of Washington, Department of Economics, revised Nov 2005.
    83. Alonso-Carrera, Jaime & Freire-Serén, María Jesús & Manzano, Baltasar, 2009. "Macroeconomic effects of the regional allocation of public capital formation," Regional Science and Urban Economics, Elsevier, vol. 39(5), pages 563-574, September.
    84. Santanu Chatterjee & Sugata Ghosh, 2011. "The dual nature of public goods and congestion: the role of fiscal policy revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1471-1496, November.
    85. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.
    86. Mihaela Pintea, 2004. "Fiscal Policy in a Two-Sector Economy with Public Capital and Congestion," Computing in Economics and Finance 2004 55, Society for Computational Economics.
    87. John Gibson & Felix Rioja, 2017. "Public Infrastructure Maintenance And The Distribution Of Wealth," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 175-186, January.
    88. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    89. Kunihiko Konishi, 2013. "Public Research Spending in an Endogenous Growth Model," Discussion Papers in Economics and Business 13-26, Osaka University, Graduate School of Economics.
    90. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1288-1306, August.
    91. Waqar Ameer & Helian Xu & Kazi Sohag & Syed Hasanat Shah, 2021. "Outflow FDI and Domestic Investment: Aggregated and Disaggregated Analysis," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
    92. Nikos Benos & Nikolaos Mylonidis & Stefania Zotou, 2017. "Estimating production functions for the US states: the role of public and human capital," Empirical Economics, Springer, vol. 52(2), pages 691-721, March.
    93. Aiello, Francesco & Pupo, Valeria, 2009. "Capacità di gestione, efficienza istituzionale e impatto dei Fondi Strutturali in Italia [The Impact of Structural Funds in Italy]," MPRA Paper 14429, University Library of Munich, Germany.
    94. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    95. Alejandro Esteller & Albert Solé, 2005. "Does decentralization improve the efficiency in the allocation of public investment? Evidence from Spain," Working Papers 2005/5, Institut d'Economia de Barcelona (IEB).
    96. Concas, Sisinnio, 2012. "Highway capital expenditures and induced vehicle travel," MPRA Paper 40757, University Library of Munich, Germany, revised 12 Aug 2012.
    97. Chakraborty Shankha & Dabla-Norris Era, 2011. "The Quality of Public Investment," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-29, August.
    98. Crucitti, Francesca & Lazarou, Nicholas-Joseph & Monfort, Philippe & Salotti, Simone, 2023. "Where does the EU cohesion policy produce its benefits? A model analysis of the international spillovers generated by the policy," Economic Systems, Elsevier, vol. 47(3).
    99. Eden, Maya & Kraay, Aart, 2014. ""Crowding in"and the returns to government investment in low-income countries," Policy Research Working Paper Series 6781, The World Bank.
    100. Anna Bottaso & Carolina Castagnetti & Maurizio Conti, 2011. "And Yet they Co-Move! Public Capital and Productivity in OECD: A Panel Cointegration Analysis with Cross-Section Dependence," Quaderni di Dipartimento 154, University of Pavia, Department of Economics and Quantitative Methods.
    101. Francesco Aiello & Valeria Pupo, 2009. "L’Impatto Dei Fondi Strutturali In Italia," Working Papers 200901, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    102. Juan A. Núñez-Serrano & Francisco J. Velázquez, 2017. "Is Public Capital Productive? Evidence from a Meta-analysis," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(2), pages 313-345.
    103. Castells, Antoni & Sole-Olle, Albert, 2005. "The regional allocation of infrastructure investment: The role of equity, efficiency and political factors," European Economic Review, Elsevier, vol. 49(5), pages 1165-1205, July.
    104. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2015. "Long-run growth and welfare in a two sector endogenous growth model with productive and non-productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 218-234.
    105. Renato Santiago & Matheus Koengkan & José Alberto Fuinhas & António Cardoso Marques, 2020. "The relationship between public capital stock, private capital stock and economic growth in the Latin American and Caribbean countries," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(3), pages 293-317, September.
    106. Marrero, Gustavo A. & Novales, Alfonso, 2007. "Income taxes, public investment and welfare in a growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3348-3369, October.
    107. Cavalcanti, Carlos B. & Marrero, Gustavo A. & Le, Tuan Minh, 2014. "Measuring the impact of debt-financed public investment," Policy Research Working Paper Series 6766, The World Bank.
    108. Zhang, Lifeng & Ru, Yucong & Li, Jingkui, 2016. "Optimal tax structure and public expenditure composition in a simple model of endogenous growth," Economic Modelling, Elsevier, vol. 59(C), pages 352-360.
    109. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.
    110. Been‐Lon Chen & Shun‐Fa Lee, 2009. "Two‐Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy," Southern Economic Journal, John Wiley & Sons, vol. 75(3), pages 639-662, January.
    111. Shaheen Naseer, 2019. "Public Spending, Quality of Bureaucracy and Economic Growth: A Theoretical Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(2), pages 203-221.

  107. Marcelo Bianconi & Stephen J. Turnovsky, 1997. "International Effects of Government Expenditure in Interdependent Economies," Canadian Journal of Economics, Canadian Economics Association, vol. 30(1), pages 57-84, February.

    Cited by:

    1. Ikeda, Shinsuke & Gombi, Ichiro, 2009. "Habit Formation In An Interdependent World Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 13(4), pages 477-492, September.
    2. Guglielmo Maria Caporale & Davide Ciferri & Alessandro Girardi, 2008. "Fiscal Shocks and Real Exchange Rate Dynamics: Some Evidence for Latin America," CESifo Working Paper Series 2228, CESifo.
    3. Kirill Borissov & Joseph Hanna & Stephane Lambrecht, 2014. "Public Goods, Voting, and Growth," EUSP Department of Economics Working Paper Series 2014/01, European University at St. Petersburg, Department of Economics.
    4. Hashimzade, Nigar & Myles, Gareth D., 2010. "Growth And Public Infrastructure," Macroeconomic Dynamics, Cambridge University Press, vol. 14(S2), pages 258-274, November.
    5. Parello, Carmelo Pierpaolo, 2022. "In Defence of the Endogenous Growth Theory: "Conditional" and "Unconditional" Convergence in Two-Country AK Models," MPRA Paper 115092, University Library of Munich, Germany.
    6. Holger Strulik, 2002. "Fiscal Policy Reforms in a Global Economy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(1), pages 73-91, January.
    7. Chen, Been-Lon & Lee, Shun-Fa, 2008. "General fund financing, earmarking, economic stabilization and welfare," MPRA Paper 27666, University Library of Munich, Germany.
    8. McKibbin, Warwick J. & Tan, Kang Yong, 2009. "Learning and international transmission of shocks," Economic Modelling, Elsevier, vol. 26(5), pages 1033-1052, September.
    9. Delphine Béraud, 2002. "Transmission internationale des politiques budgétaires et imparfaite mobilité du capital," Recherches économiques de Louvain, De Boeck Université, vol. 68(3), pages 287-311.
    10. K. Arin & Faik Koray, 2009. "Beggar thy Neighbor? The Transmission of Fiscal Shocks from the US to Canada," Open Economies Review, Springer, vol. 20(3), pages 425-434, July.
    11. Birchenall, Javier A., 2008. "Equilibrium, convergence, and capital mobility in neoclassical models of growth," Economics Letters, Elsevier, vol. 99(1), pages 10-13, April.
    12. Wei-Bin ZHANG, 2018. "Corruption, governments’ debts, trade, and global growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(615), S), pages 27-50, Summer.
    13. Faik Koray & K. Peren Arin, 2006. "International Transmission of Fiscal Shocks: An Empirical Investigation," Departmental Working Papers 2006-03, Department of Economics, Louisiana State University.

  108. Stephen J. Turnovsky, 1997. "Equilibrium Growth in a Small Economy Facing an Imperfect World Capital Market," Review of Development Economics, Wiley Blackwell, vol. 1(1), pages 1-22, February.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Pierre‐Richard Agénor & Devrim Yilmaz, 2013. "Aid Allocation, Growth And Welfare With Productive Public Goods," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 18(2), pages 103-127, March.
    3. Rómulo A. Chumacero, 2019. "Skills versus Luck: Bolivia and its recent Bonanza," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-27, December.
    4. George Alogoskoufis, 2014. "Endogenous Growth and External Balance in a Small Open Economy," Open Economies Review, Springer, vol. 25(3), pages 571-594, July.
    5. Carlos Gustavo Machicado & Paúl Estrada, 2012. "Fiscal policy and economic growth: a simulation analysis for Bolivia," Analítika, Analítika - Revista de Análisis Estadístico/Journal of Statistical Analysis, vol. 4(2), pages 57-79, Diciembre.
    6. Aloy M. & Moreno B. & Nancy G., 2010. "Does Fiscal Policy Matter in a Currency Board Regime? The Case of Argentina," EcoMod2003 330700005, EcoMod.
    7. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    8. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    9. Daria Onori, 2015. "Optimal Growth and Debt Dynamics under GDP-Based Collaterals," Working Papers halshs-01251352, HAL.
    10. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.
    11. Vines, David & Kuralbayeva, Karlygash, 2006. "Terms of Trade Shocks in an Intertemporal Model: Should We Worry about the Dutch Disease or Excessive Borrowing?," CEPR Discussion Papers 5857, C.E.P.R. Discussion Papers.
    12. Chen, Shu-hua & Shaw, Ming-fu & Lai, Ching-chong & Chang, Juin-jen, 2008. "Interest-rate rules and transitional dynamics in an endogenously growing open economy," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 54-75, February.
    13. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    14. Beladi, Hamid & Chao, Chi-Chur, 2003. "The role of export subsidies in balance-of-payment crises," European Journal of Political Economy, Elsevier, vol. 19(4), pages 875-884, November.
    15. Ming-fu Shaw & Shu-hua Chen & Ching-chong Lai & Juin-jen Chang, 2004. "Interest Rate Rules, Target Policies, and Endogenous Economic Growth in an Open Economy," IEAS Working Paper : academic research 04-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    16. Huang, Wei-Chi & Lai, Ching-Chong & Chen, Ping-Ho, 2017. "International R&D funding and patent collateral in an R&D-based growth model," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 545-561.
    17. Holman, Jill A. & Neanidis, Kyriakos C., 2006. "Financing government expenditures in an open economy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(8), pages 1315-1337, August.
    18. Zouhair Aït Benhamou, 2018. "Imperfect Governance and Price Stickiness in Emerging Economies," Working Papers hal-04141777, HAL.
    19. Schubert, Stefan Franz, 2009. "Coping with Externalities in Tourism - A Dynamic Optimal Taxation Approach," MPRA Paper 16736, University Library of Munich, Germany.
    20. Chen, Ping-ho & Lai, Ching-chong & Chu, Hsun, 2016. "Welfare effects of tourism-driven Dutch disease: The roles of international borrowings and factor intensity," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 381-394.
    21. Bianconi, Marcelo & Fisher, Walter H., 2011. "Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies," Economics Series 271, Institute for Advanced Studies.
    22. Romulo Chumacero & Rodrigo Fuentes, 2004. "Chile's Free Trade Deals with the EU and the US: A Big Deal?," Econometric Society 2004 Far Eastern Meetings 661, Econometric Society.
    23. Jill A. Holman, 2000. "Government budgetary policies, economic growth, and currency substitution in a small open economy," Research Working Paper RWP 00-08, Federal Reserve Bank of Kansas City.
    24. Stefan F Schubert & Günter Schamel, 2021. "Sustainable tourism development: A dynamic model incorporating resident spillovers," Tourism Economics, , vol. 27(7), pages 1561-1587, November.
    25. Rómulo A. Chumacero & Rodrigo Fuentes & Klaus Schmidt-Hebbel, 2004. "Chile’s Free Trade Agreements: How Big is The Deal?," Working Papers Central Bank of Chile 264, Central Bank of Chile.
    26. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
    27. Ching-chong Lai & Chi-ting Chin, 2010. "(In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 69-100, July.

  109. Turnovsky, Stephen J., 1997. "Fiscal Policy In A Growing Economy With Public Capital," Macroeconomic Dynamics, Cambridge University Press, vol. 1(3), pages 615-639, September.

    Cited by:

    1. Piergallini, Alessandro, 2020. "Is Fiscal Austerity Really Self-Defeating?," MPRA Paper 112071, University Library of Munich, Germany.
    2. P R Agénor, 2005. "Infrastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing Economy," Centre for Growth and Business Cycle Research Discussion Paper Series 60, Economics, The University of Manchester.
    3. Ott Ingrid & Stephen Turnovsky, 2005. "Excludable and Non-excludable Public Inputs: Consequences for Economic Growth," Working Papers UWEC-2006-02-P, University of Washington, Department of Economics, revised Jun 2005.
    4. Kamps, Christophe, 2004. "The Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries," Kiel Working Papers 1224, Kiel Institute for the World Economy (IfW Kiel).
    5. Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.
    6. Benos, Nikos, 2009. "Fiscal policy and economic growth: empirical evidence from EU countries," MPRA Paper 19174, University Library of Munich, Germany.
    7. Tamai, Toshiki, 2016. "Public investment, the rate of return, and optimal fiscal policy in a stochastically growing economy," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 1-17.
    8. Oliviero A. Carboni & Paolo Russu, 2013. "A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 1-13.
    9. Takeuchi, Nobuyuki, 2010. "Industrialization and the role of government," MPRA Paper 26822, University Library of Munich, Germany.
    10. Yusuke Miyake, 2021. "Childcare Support and Public Capital in an Ultra-Declining Birthrate Society," Economics Bulletin, AccessEcon, vol. 41(2), pages 634-642.
    11. Jorge Soares, Marina Azzimonti, Pierre-Daniel Sarte & Pierre-Daniel Sarte & Jorge Soares, 2006. "Distortionary Taxes and Public Investment When Government Promises Are Not Enforceable," Working Papers 06-07, University of Delaware, Department of Economics.
    12. Davide Debortoli & Pedro Gomes, 2014. "Technological change and the decline of public investment," Economics Working Papers 1685, Department of Economics and Business, Universitat Pompeu Fabra.
    13. Giulia Felice, 2010. "A Two-Sector Model of Public Investment and Growth," DEGIT Conference Papers c015_060, DEGIT, Dynamics, Economic Growth, and International Trade.
    14. Noritaka Maebayashi & Takeo Hori & Koichi Futagami, 2012. "Dynamic analysis of reductions in public debt in an endogenous growth model with public capital," Discussion Papers in Economics and Business 12-08, Osaka University, Graduate School of Economics.
    15. Shu‐hua Chang & Juin‐jen Chang, 2015. "Optimal government spending in an economy with imperfectly competitive goods and labor markets," Southern Economic Journal, John Wiley & Sons, vol. 82(2), pages 385-407, October.
    16. Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Working Papers 0056, University of Washington, Department of Economics.
    17. Kosempel, S., 2003. "Finite lifetimes and government spending in an endogenous growth model," Working Papers 2003-13, University of Guelph, Department of Economics and Finance.
    18. Gupta, Manash Ranjan & Barman, Trishita Ray, 2010. "Health, infrastructure, environment and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 657-673, June.
    19. Yakita, Akira, 2004. "Elasticity of substitution in public capital formation and economic growth," Journal of Macroeconomics, Elsevier, vol. 26(3), pages 391-408, September.
    20. Eleftherios Goulas & Athina Zervoyianni, 2012. "Growth, Deficits and Uncertainty in a Panel of 28 Countries," Working Paper series 52_12, Rimini Centre for Economic Analysis.
    21. Felice, Giulia, 2016. "Size and composition of public investment, sectoral composition and growth," European Journal of Political Economy, Elsevier, vol. 44(C), pages 136-158.
    22. T. Tamai, 2008. "Optimal fiscal policy in an endogenous growth model with public capital: a note," Journal of Economics, Springer, vol. 93(1), pages 81-93, February.
    23. Dimitrios PAPARAS & Christian RICHTER & Alexandros PAPARAS, 2015. "Fiscal Policy and Economic Growth, Empirical Evidence in European Union," Turkish Economic Review, KSP Journals, vol. 2(4), pages 239-268, December.
    24. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2013. "Fiscal Sustainability, Macroeconomic Stability, and Welfare under Fiscal Discipline in a Small Open Economy," Discussion Papers in Economics and Business 13-07, Osaka University, Graduate School of Economics.
    25. S. Devrim Yilmaz, 2008. "Public and Private Maintenance Expenditure in a Growing Economy," Centre for Growth and Business Cycle Research Discussion Paper Series 108, Economics, The University of Manchester.
    26. Theo Eicher & Stephen J. Turnovsky, 2000. "Scale, Congestion and Growth," Economica, London School of Economics and Political Science, vol. 67(267), pages 325-346, August.
    27. Shu‐Hua Chen & Jang‐Ting Guo, 2018. "On Indeterminacy and Growth under Progressive Taxation and Utility‐Generating Government Spending," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 533-543, August.
    28. Calderon, Cesar & Serven, Luis, 2014. "Infrastructure, growth, and inequality : an overview," Policy Research Working Paper Series 7034, The World Bank.
    29. Getachew, Yoseph Y. & Turnovsky, Stephen J., 2020. "Redistribution, inequality, and efficiency with credit constraints: Implications for South Africa," Economic Modelling, Elsevier, vol. 93(C), pages 259-277.
    30. Ghosh, Sugata & Mitra, Anirban, 2016. "Ethnic Diversity, Public Spending and Political Regimes," MPRA Paper 75546, University Library of Munich, Germany.
    31. Calderon, Cesar & Serven, Luis, 2008. "Infrastructure and economic development in Sub-Saharan Africa," Policy Research Working Paper Series 4712, The World Bank.
    32. Minoru Watanabe & Yusuke Miyake & Masaya Yasuoka, 2015. "Public Investment Financed By Consumption Tax In An Aging Society," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(05), pages 1-17, December.
    33. Sugata Ghosh & Udayan Roy, 2004. "Fiscal policy, long‐run growth, and welfare in a stock‐flow model of public goods," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(3), pages 742-756, August.
    34. Futagami, Koichi & Konishi, Kunihiko, 2018. "Dynamic analysis of budget policy rules in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 50(C), pages 72-88.
    35. Manuel Gómez, 2016. "Factor substitution is an engine of growth in a model with productive public expenditure," Journal of Economics, Springer, vol. 117(1), pages 37-48, January.
    36. Chatterjee, Santanu, 2007. "Should The Private Sector Provide Public Capital?," Macroeconomic Dynamics, Cambridge University Press, vol. 11(3), pages 318-346, June.
    37. Rick Van der Ploeg & Anthony Venables, 2010. "Absorbing a Windfall of Foreign Exchange: Dutch disease dymanics," OxCarre Working Papers 052, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    38. Ferreira, Pedro Cavalcanti & Nascimento, Leandro Gonçalves do, 2005. "Welfare and growth effects of alternative fiscal rules for infrastructure investment in Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 604, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    39. Torben Andersen & Joydeep Bhattacharya, 2020. "Intergenerational Debt Dynamics Without Tears," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 35, pages 192-219, January.
    40. Kunze, Lars, 2009. "Capital Taxation, Long-run Growth, and Bequests," Ruhr Economic Papers 113, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    41. Ingrid Ott, 2004. "Bureaucratic corruption and macroeconomic performance," Computing in Economics and Finance 2004 303, Society for Computational Economics.
    42. Gupta, Manash Ranjan & Barman, Trishita Ray, 2009. "Fiscal policies, environmental pollution and economic growth," Economic Modelling, Elsevier, vol. 26(5), pages 1018-1028, September.
    43. Linus Mattauch & Ottmar Edenhofer & David Klenert & Sophie Bénard, 2016. "Distributional Effects of Public Investment when Wealth and Classes are Back," Metroeconomica, Wiley Blackwell, vol. 67(3), pages 603-629, July.
    44. Hsiao-wen Hung, 2007. "First-best tax policy, congestion, and imperfect competition," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(1), pages 66-79, March.
    45. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    46. Chatterjee, Santanu & Turnovsky, Stephen J., 2012. "Infrastructure and inequality," European Economic Review, Elsevier, vol. 56(8), pages 1730-1745.
    47. Chen, Been-Lon, 2006. "Public capital, endogenous growth, and endogenous fluctuations," Journal of Macroeconomics, Elsevier, vol. 28(4), pages 768-774, December.
    48. Sugata Ghosh & Anirban Mitra, 2019. "Ethnic Identities, Public Spending and Political Regimes," Studies in Economics 1907, School of Economics, University of Kent.
    49. Campiglio, Emanuele, 2014. "The structural shift to green services: A two-sector growth model with public capital and open-access resources," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 148-161.
    50. Kafkalas, Sifis & Kalaitzidakis, Pantelis & Tzouvelekas, Vangelis, 2014. "Tax evasion and public expenditures on tax revenue services in an endogenous growth model," European Economic Review, Elsevier, vol. 70(C), pages 438-453.
    51. Max Franks & David Klenert & Anselm Schultes & Kai Lessmann & Ottmar Edenhofer, 2018. "Is capital back? The role of land ownership and savings behavior," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(5), pages 1252-1276, October.
    52. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    53. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," Working Papers 1702, University of Otago, Department of Economics, revised Feb 2017.
    54. Christian Myohl, 2018. "Optimal Fiscal Policy and Private Sector Borrowing Constraints," Diskussionsschriften dp1822, Universitaet Bern, Departement Volkswirtschaft.
    55. Dioikitopoulos, Evangelos V. & Kalyvitis, Sarantis, 2008. "Public capital maintenance and congestion: Long-run growth and fiscal policies," Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3760-3779, December.
    56. Alberto Bucci & Chiara Del Bo, 2012. "On the interaction between public and private capital in economic growth," Journal of Economics, Springer, vol. 106(2), pages 133-152, June.
    57. Pedro Gomes & Davide Debortoli, 2012. "Labor and Profit Taxation, and the Supply of Public Capital," 2012 Meeting Papers 325, Society for Economic Dynamics.
    58. Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
    59. Koji Kitaura, 2010. "Fiscal Policy And Economic Growth In The Imperfect Labor Market," Metroeconomica, Wiley Blackwell, vol. 61(4), pages 686-700, November.
    60. Pierre-Richard Agénor, 2005. "Schooling and Public Capital in a Model of Endogenous Growth," Economics Discussion Paper Series 0538, Economics, The University of Manchester.
    61. Calderon, Cesar & Serven, Luis, 2010. "Infrastructure in Latin America," Policy Research Working Paper Series 5317, The World Bank.
    62. Pierre-Richard Agénor, 2005. "Infrastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing," Economics Discussion Paper Series 0537, Economics, The University of Manchester.
    63. Pierre-Richard Agénor & Devrim Yilmaz, 2012. "Simple Dynamics of Public Debt with Productive Public Goods," Centre for Growth and Business Cycle Research Discussion Paper Series 165, Economics, The University of Manchester.
    64. Marina Azzimonti-Renzo & Pierre-Daniel G. Sarte & Jorge Soares, 2003. "Optimal public investment with and without government commitment," Working Paper 03-10, Federal Reserve Bank of Richmond.
    65. Lin, Wen-Zhung & Yang, C. C., 2001. "A dynamic portfolio choice model of tax evasion: Comparative statics of tax rates and its implication for economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 25(11), pages 1827-1840, November.
    66. Trishita Ray Barman & Manash Ranjan Gupta, 2010. "Public Expenditure, Environment, and Economic Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(6), pages 1109-1134, December.
    67. Ken Tabata, 2021. "Patent protection and public capital accumulation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(1), pages 154-190, February.
    68. Calderon, Cesar & Moral-Benito, Enrique & Serven, Luis, 2011. "Is infrastructure capital productive ? a dynamic heterogeneous approach," Policy Research Working Paper Series 5682, The World Bank.
    69. Haizhou Huang & Danyang Xie, 2008. "Fiscal Sustainability and Fiscal Soundness," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 239-251, November.
    70. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    71. Getachew, Yoseph, 2008. "Public Capital, Income Distribution and Growth," MERIT Working Papers 2008-056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    72. Yoseph Getachew & Stephen Turnovsky, 2015. "Productive Government Spending and its Consequences for the Growth–Inequality Tradeoff," Working Papers 201520, University of Pretoria, Department of Economics.
    73. Michał Konopczyński, 2018. "Optimal fiscal policy in an emerging economy with credit constraints: theory and application for Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(3), pages 169-231, September.
    74. Minoru Watanabe & Yusuke Miyake & Masaya Yasuoka, 2016. "Public Investment, Health Infrastructure and Income Growth," Applied Economics and Finance, Redfame publishing, vol. 3(3), pages 93-102, August.
    75. Becker, Daniel Thomas & Rauscher, Michael, 2007. "Fiscal competition in space and time: An endogenous-growth approach," Thuenen-Series of Applied Economic Theory 74, University of Rostock, Institute of Economics.
    76. Hossein Kavand & J. Stephen Ferris, 2012. "An Oil-Driven Endogenous Growth Model," Carleton Economic Papers 12-03, Carleton University, Department of Economics.
    77. Carboni, Oliviero & Russu, Paolo, 2011. "The Conditions for a Balanced Growth in a Model with Public Finance: an Analytic Solution," MPRA Paper 36600, University Library of Munich, Germany.
    78. Guo, Jang-Ting, 2004. "Increasing returns, capital utilization, and the effects of government spending," Journal of Economic Dynamics and Control, Elsevier, vol. 28(6), pages 1059-1078, March.
    79. Hori, Takeo & Maebayashi, Noritaka & Morimoto, Keiichi, 2018. "Tax Evasion and Optimal Corporate Income Tax Rates in a Growing Economy," MPRA Paper 90787, University Library of Munich, Germany.
    80. Noritaka Maebayashi, 2013. "Public capital, public pension, and growth," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(1), pages 89-104, February.
    81. Manuel Gómez, 2014. "Optimal size of the government: the role of the elasticity of substitution," Journal of Economics, Springer, vol. 111(1), pages 29-53, February.
    82. Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
    83. Santanu Chatterjee & Sugata Ghosh, 2011. "The dual nature of public goods and congestion: the role of fiscal policy revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1471-1496, November.
    84. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.
    85. Mihaela Pintea, 2004. "Fiscal Policy in a Two-Sector Economy with Public Capital and Congestion," Computing in Economics and Finance 2004 55, Society for Computational Economics.
    86. John Gibson & Felix Rioja, 2017. "Public Infrastructure Maintenance And The Distribution Of Wealth," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 175-186, January.
    87. Shu‐Hua Chen & Jang‐Ting Guo, 2013. "On indeterminacy and growth under progressive taxation and productive government spending," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 865-880, August.
    88. Dipankar Dasgupta & Koji Shimomura, 2006. "Public infrastructure, employment and sustainable growth in a small open economy with and without foreign direct investment," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(3), pages 257-291.
    89. Mihaela Pintea & Stephen Turnovsky, 2006. "Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 177-209, September.
    90. Akira Yakita, 2008. "Ageing and public capital accumulation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(5), pages 582-598, October.
    91. Keiichi Morimoto & Takeo Hori & Noritaka Maebayashi & Koichi Futagami, 2017. "Debt Policy Rules in an Open Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 158-177, February.
    92. Yusuke Miyake, 2020. "Labor or Capital Income Tax for Growth in an Aging Society," Applied Economics and Finance, Redfame publishing, vol. 7(5), pages 54-65, September.
    93. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1288-1306, August.
    94. Gupta, Manash Ranjan & Barman, Trishita Ray, 2015. "Environmental Pollution, Informal Sector, Public Expenditure And Economic Growth," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(1), pages 73-91, June.
    95. Chen, Shu-Hua & Guo, Jang-Ting, 2014. "Progressive taxation and macroeconomic (in)stability with utility-generating government spending," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 174-183.
    96. Manuel A. Gómez, 2008. "Fiscal Policy, Congestion, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 595-622, August.
    97. Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation as an Automatic Destabilizer under Endogenous Growth," Working Papers 201510, University of California at Riverside, Department of Economics.
    98. Akira Kamiguchi & Toshiki Tamai, 2017. "Public Investment and Golden Rule of Public Finance in an Overlapping Generations Model," KIER Working Papers 971, Kyoto University, Institute of Economic Research.
    99. Shi, Hao & Huang, Shaoqing, 2014. "How Much Infrastructure Is Too Much? A New Approach and Evidence from China," World Development, Elsevier, vol. 56(C), pages 272-286.
    100. Turnovsky, Stephen J., 2015. "Economic growth and inequality: The role of public investment," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 204-221.
    101. Osmar Bolivar, 2022. "Multiplicadores Fiscales: Evidencia Empírica para una Asignación Costo-Efectiva de la Inversión Pública," Cuadernos de Investigación Económica Boliviana, Ministerio de Economía y Finanzas Públicas de Bolivia, vol. 5(2), pages 7-64, Diciembre.
    102. Vida Varahrami & Arghavan Novin Vajari, 2019. "FDI, Government Budget and Efficiency of Public Infrastructure Capital," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 8(2), pages 148-158, December.
    103. Sugata Ghosh & Trishita Ray Barman & Manash Ranjan Gupta, 2020. "Are short‐term effects of pollution important for growth and optimal fiscal policy?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1262-1288, September.
    104. OA Carboni & G Medda, 2010. "A Neoclassical Growth Model with Public Spending," Working Paper CRENoS 201033, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    105. Lai, Ching-Chong & Liao, Chih-Hsing, 2012. "Optimal nonlinear income taxation with productive government expenditure," International Review of Economics & Finance, Elsevier, vol. 22(1), pages 66-77.
    106. Chatterjee, Santanu & Gibson, John & Rioja, Felix, 2018. "Public investment, debt, and welfare: A quantitative analysis," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 204-217.
    107. Bilal KARGI, 2016. "Is Wagner’s law applicable for fast growing economies? BRICS and MATIK countries," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 9(1), pages 1-15, June.
    108. Yifang Wan & Yunxian Chen, 2022. "China’s Foreign Aid and Sustainable Growth of Recipient Countries: Mechanism and Evaluation," Sustainability, MDPI, vol. 14(17), pages 1-17, August.
    109. Sifis Kafkalas & Pantelis Kalaitzidakis & Vangelis Tzouvelekas, 2012. "Tax Evasion and Public Expenditures on Tax Collection Services in an Endogenous Growth Model," Working Papers 1202, University of Crete, Department of Economics.
    110. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    111. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.
    112. Fabienne Lara Dascher, 2020. "Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 373-397, September.

  110. Turnovsky, Stephen J., 1996. "Fiscal policy, growth, and macroeconomic performance in a small open economy," Journal of International Economics, Elsevier, vol. 40(1-2), pages 41-66, February.

    Cited by:

    1. Baldwin, Richard E. & Forslid, Rikard, 2000. "Trade liberalisation and endogenous growth: A q-theory approach," Journal of International Economics, Elsevier, vol. 50(2), pages 497-517, April.
    2. Erauskin, Iñaki, 2013. "The impact of financial openness on the size of utility-enhancing government," Economics Discussion Papers 2013-7, Kiel Institute for the World Economy (IfW Kiel).
    3. Capolupo, Rosa, 2009. "The New Growth Theories and Their Empirics after Twenty Years," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-72.
    4. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    5. George Alogoskoufis, 2014. "Endogenous Growth and External Balance in a Small Open Economy," Open Economies Review, Springer, vol. 25(3), pages 571-594, July.
    6. Creina Day & Garth Day, 2010. "Taxes, Growth And The Current Account Tick‐Curve Effect," Australian Economic Papers, Wiley Blackwell, vol. 49(1), pages 13-27, March.
    7. Creina Day & Garth Day, 2007. "Fiscal Reform, Growth and Current Account Dynamics," ANU Working Papers in Economics and Econometrics 2007-485, Australian National University, College of Business and Economics, School of Economics.
    8. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    9. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    10. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    11. Fisher, Walter H. & Bianconi, Marcelo, 2001. "Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy," Economics Series 96, Institute for Advanced Studies.
    12. Eicher Theo S. & Turnovsky Stephen J. & Walz Uwe, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, De Gruyter, vol. 1(1), pages 19-42, February.
    13. Daria Onori, 2015. "Optimal Growth and Debt Dynamics under GDP-Based Collaterals," Working Papers halshs-01251352, HAL.
    14. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.
    15. J Korosteleva & Colin Lawson, 2009. "The Belarusian Case of Transition: Whither Financial Repression?," Department of Economics Working Papers 4/09, University of Bath, Department of Economics.
    16. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    17. Chen, Shu-hua & Shaw, Ming-fu & Lai, Ching-chong & Chang, Juin-jen, 2008. "Interest-rate rules and transitional dynamics in an endogenously growing open economy," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 54-75, February.
    18. Kejak, Michal & Seiter, Stephan & Vavra, David, 2004. "Accession trajectories and convergence: endogenous growth perspective," Structural Change and Economic Dynamics, Elsevier, vol. 15(1), pages 13-46, March.
    19. Rosa Capolupo, 2005. "THE NEW GROWTH THEORIES AND THEIR EMPIRICS, Discussion Paper in Economics, University of Glasgow, N. 2005-04 (http://www.gla.ac.uk/Acad/Economics," GE, Growth, Math methods 0506003, University Library of Munich, Germany.
    20. Zhang, Wei-Bin, 2015. "Tourism, Trade, Externalities, And Public Goods In A Three-Sector Growth Model," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 6(1), pages 1-19.
    21. Lim, Sokchea & Mahbub Morshed, A.K.M., 2017. "Fiscal policy in a small open economy with cross-border labor mobility," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 147-174.
    22. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    23. Schubert, Stefan Franz & Brida, Juan Gabriel, 2009. "A Dynamic Model of Economic Growth in a Small Tourism Driven Economy," MPRA Paper 16737, University Library of Munich, Germany.
    24. Ming-fu Shaw & Shu-hua Chen & Ching-chong Lai & Juin-jen Chang, 2004. "Interest Rate Rules, Target Policies, and Endogenous Economic Growth in an Open Economy," IEAS Working Paper : academic research 04-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    25. Chun-chieh Huang & Ching-chong Lai & Juin-jen Chang, 2004. "Working Hours Reduction and Endogenous Growth," IEAS Working Paper : academic research 04-A006, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    26. Wei-Bin ZHANG, 2016. "Tourism and economic structural change with endogenous wealth and human capital and elastic labor supply," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(609), W), pages 103-126, Winter.
    27. Kuan‐jen Chen & Ching‐chong Lai & Ting‐wei Lai, 2021. "Macroeconomic instability and targeting rules for monetary policy in an endogenously growing small open economy," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 904-926, September.
    28. Lin, Hwan C. & Russo, Benjamin, 1999. "A Taxation Policy Toward Capital, Technology and Long-Run Growth," Journal of Macroeconomics, Elsevier, vol. 21(3), pages 463-491, July.
    29. Huang, We-Chi & Chen, Ping-ho & Lai, Ching-Chong, 2016. "International R&D Funding and Patent Collateral in an R&D-Growth Model," MPRA Paper 74881, University Library of Munich, Germany.
    30. Huang, Wei-Chi & Lai, Ching-Chong & Chen, Ping-Ho, 2017. "International R&D funding and patent collateral in an R&D-based growth model," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 545-561.
    31. Chiara DEL BO, 2009. "Recent advances in public investment, fiscal policy and growth," Departmental Working Papers 2009-25, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    32. Hoogstrate, A.J. & Osang, T., 1998. "Saving, openness, and growth," Other publications TiSEM 37acb861-bcba-4849-823b-3, Tilburg University, School of Economics and Management.
    33. Agiomirgianakis, George M. & Zervoyianni, Athina, 2001. "Economic growth, international labour mobility, and unanticipated non-monetary shocks," Journal of Policy Modeling, Elsevier, vol. 23(1), pages 1-16, January.
    34. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.
    35. Mourmouras, Iannis A. & Ghosh, Sugata, 2000. "Fiscal Policies and the Terms of Trade in an Endogenous Growth Model with Overlapping Generations," Journal of Macroeconomics, Elsevier, vol. 22(3), pages 445-470, July.
    36. Ben Fine, 1998. "Endogenous Growth Theory: A Critical Assessment," Working Papers 80, Department of Economics, SOAS University of London, UK.
    37. Rosa Capolupo, "undated". "The New Growth Theoris and their Empirics," Working Papers 2005_4, Business School - Economics, University of Glasgow.
    38. Daniel Becker & Michael Rauscher, 2013. "Fiscal Competition and Growth When Capital Is Imperfectly Mobile," Scandinavian Journal of Economics, Wiley Blackwell, vol. 115(1), pages 211-233, January.
    39. Becker, Daniel Thomas & Rauscher, Michael, 2007. "Fiscal competition in space and time: An endogenous-growth approach," Thuenen-Series of Applied Economic Theory 74, University of Rostock, Institute of Economics.
    40. Richard E. Baldwin & Rikard Forslid, 1998. "Incremental Trade and Endogenous Growth: A q-Theory Approach," NBER Working Papers 6477, National Bureau of Economic Research, Inc.
    41. Bianconi, Marcelo, 1999. "Intertemporal budget policies in an endogenous growth model with nominal assets," International Review of Economics & Finance, Elsevier, vol. 8(1), pages 25-43, January.
    42. Hoogstrate, A.J. & Osang, T., 1998. "Saving, openness, and growth," Discussion Paper 1998-47, Tilburg University, Center for Economic Research.
    43. Erauskin-Iurrita, Inaki, 2008. "Financial openness and the size of the public sector: a portfolio approach," MPRA Paper 10619, University Library of Munich, Germany, revised 15 Sep 2008.
    44. Bianconi, Marcelo & Fisher, Walter H., 2011. "Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies," Economics Series 271, Institute for Advanced Studies.
    45. Michal Kejak, 2007. "Growth, Inflation, and Banking: The Role of Human Capital," CERGE-EI Books, The Center for Economic Research and Graduate Education - Economics Institute, Prague, edition 1, number b01, May.
    46. Geremia Palomba, 2008. "Capital income taxation and economic growth in open economies," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(6), pages 668-692, December.
    47. Miho Sunaga, 2023. "Financial Development and Minimum Capital Requirements in Macroeconomic Analysis," ISER Discussion Paper 1202, Institute of Social and Economic Research, Osaka University.
    48. Baldwin, Richard E. & Forslid, Rikard, 1999. "Incremental trade policy and endogenous growth:: A q-theory approach," Journal of Economic Dynamics and Control, Elsevier, vol. 23(5-6), pages 797-822, April.
    49. Wei-Bin Zhang, 2010. "Growth, economic structure, and residential distribution of a small city," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 57(1), pages 47-78, March.
    50. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
    51. Fabienne Lara Dascher, 2020. "Sustainable Debt Policy Rules and Growth in a Small Open Economy Model: Is a Balanced Government Budget Worthwhile?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 373-397, September.
    52. Etro, Federico, 2017. "Research in economics and macroeconomics," Research in Economics, Elsevier, vol. 71(3), pages 373-383.

  111. Turnovsky, Stephen J. & Grinols, Earl, 1996. "Optimal government finance policy and exchange rate management in a stochastically growing open economy," Journal of International Money and Finance, Elsevier, vol. 15(5), pages 687-716, October.

    Cited by:

    1. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.
    2. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    3. Liutang Gong & Heng-fu Zou, 2001. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," CEMA Working Papers 53, China Economics and Management Academy, Central University of Finance and Economics.
    4. Mr. Jorge I Canales Kriljenko & Mr. Cem Karacadag & Roberto Guimarães-Filho, 2003. "Official Intervention in the Foreign Exchange Market: Elements of Best Practice," IMF Working Papers 2003/152, International Monetary Fund.
    5. Evans, Lynne & Kenc, Turalay, 2004. "FOREX risk premia and policy uncertainty: a recursive utility analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(1), pages 1-24, February.
    6. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    7. Fanchao Zhou & Yanyun Li & Jun Zhao & Peibiao Zhao, 2018. "The Equity Premium Puzzle Based on a Jump-Diffusion Model," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 8(3), pages 1-7.

  112. Benavie, Arthur & Grinols, Earl & Turnovsky, Stephen J., 1996. "Adjustment costs and investment in a stochastic endogenous growth model," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 77-100, August.

    Cited by:

    1. Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.
    2. Sochirca, Elena & Gil, Pedro Mazeda & Afonso, Oscar, 2014. "Technology structure and skill structure: Costly investment and complementarity effects quantification," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 172-189.
    3. K Blackburn & A Pelloni, 2001. "On the Relationship Between Growth and Volatility in Learning-by-Doing Economies," Centre for Growth and Business Cycle Research Discussion Paper Series 01, Economics, The University of Manchester.
    4. Sochirca, Elena & Afonso, Óscar & Gil, Pedro Mazeda, 2013. "Technological-knowledge bias and the industrial structure under costly investment and complementarities," Economic Modelling, Elsevier, vol. 32(C), pages 440-451.
    5. Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Working Papers 0056, University of Washington, Department of Economics.
    6. Oscar Afonso & Pedro Neves & Maria Thompson, 2014. "The skill premium and economic growth with costly investment, complementarities and international technological-knowledge diffusion," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(6), pages 878-905, September.
    7. Matthias Birkner & Niklas Scheuer & Klaus Wälde, 2023. "The dynamics of Pareto distributed wealth in a small open economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(2), pages 607-644, August.
    8. Óscar Afonso & Maria Thompson, 2009. "Costly Investment, Complementarities and the Skill Premium," FEP Working Papers 323, Universidade do Porto, Faculdade de Economia do Porto.
    9. Maria Thompson, 2008. "Complementarities and costly investment in a growth model," Journal of Economics, Springer, vol. 94(3), pages 231-240, September.
    10. Afonso, Oscar & Neves, Pedro Cunha & Thompson, Maria, 2016. "The skill premium and economic growth with costly investment, complementarities and international trade of intermediate goods," Japan and the World Economy, Elsevier, vol. 37, pages 73-86.
    11. Sarajevs, Vadims, 1999. "Macroeconomic model of transition economy: A stochastic calculus approach," BOFIT Discussion Papers 7/1999, Bank of Finland Institute for Emerging Economies (BOFIT).
    12. Smith, William T., 1999. "Risk, the Spirit of Capitalism and Growth: The Implications of a Preference for Capital," Journal of Macroeconomics, Elsevier, vol. 21(2), pages 241-262, April.
    13. Ben Fine, 1998. "Endogenous Growth Theory: A Critical Assessment," Working Papers 80, Department of Economics, SOAS University of London, UK.
    14. Maria João Thompson, 2007. "Complementarities and Costly Investment in a One-Sector Growth Model," NIPE Working Papers 8/2007, NIPE - Universidade do Minho.
    15. Óscar Afonso & Sara Monteiro & Maria João Ribeiro Thompson, 2010. "A Growth Model for the Quadruple Helix Innovation Theory," NIPE Working Papers 12/2010, NIPE - Universidade do Minho.
    16. Kim, Jinill, 2003. "Functional equivalence between intertemporal and multisectoral investment adjustment costs," Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 533-549, February.
    17. Kogan, Leonid, 2004. "Asset prices and real investment," Journal of Financial Economics, Elsevier, vol. 73(3), pages 411-431, September.
    18. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    19. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    20. Ali Chebbi, 2015. "Stochastic growth, taxation policy and welfare cost in an open emerging economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 57-84, March.
    21. Maria João Ribeiro Thompson, 2003. "Complementarities, Costly Investment and Multiple Equilibria in a One-Sector Endogenous Growth Model," NIPE Working Papers 7/2003, NIPE - Universidade do Minho.
    22. Fanchao Zhou & Yanyun Li & Jun Zhao & Peibiao Zhao, 2018. "The Equity Premium Puzzle Based on a Jump-Diffusion Model," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 8(3), pages 1-7.

  113. Turnovsky, Stephen J., 1996. "Optimal tax, debt, and expenditure policies in a growing economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 21-44, April.

    Cited by:

    1. Alexandru Minea & Patrick Villieu, 2007. "Long-Run Monetary and Fiscal Policy Trade-Off in an Endogenous Growth Model with Transaction Costs," Post-Print halshs-00371184, HAL.
    2. Ott Ingrid & Stephen Turnovsky, 2005. "Excludable and Non-excludable Public Inputs: Consequences for Economic Growth," Working Papers UWEC-2006-02-P, University of Washington, Department of Economics, revised Jun 2005.
    3. Burns,Andrew & Jooste,Charl & Schwerhoff,Gregor, 2021. "Macroeconomic Modeling of Managing Hurricane Damage in the Caribbean : The Case of Jamaica," Policy Research Working Paper Series 9505, The World Bank.
    4. Alexandru Minea & Patrick Villieu, 2008. "Threshold Effects in Monetary and Fiscal Policies in a Growth Model : Assessing the Importance of the Financial System," Post-Print halshs-00364855, HAL.
    5. Stephen Turnovsky, 2000. "The Transitional Dynamics of Fiscal Policy: Long-run Capital Accumulation and Growth," Discussion Papers in Economics at the University of Washington 0018, Department of Economics at the University of Washington.
    6. Stephen Turnovsky, 1998. "On the Role of Government in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0073, Department of Economics at the University of Washington.
    7. Clemens, Christiane, 1999. "Income Taxation, Government Expenditure, and Long-Run Stochastic Growth," Hannover Economic Papers (HEP) dp-220, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    8. Christophe Rault & Alexandru Minea & Patrick Villieu, 2008. "Further theoretical and empirical evidence on money to growth relation," Economics Bulletin, AccessEcon, vol. 28(13), pages 1.
    9. Economides, George & Park, Hyun & Philippopoulos, Apostolis, 2011. "How Should The Government Allocate Its Tax Revenues Between Productivity-Enhancing And Utility-Enhancing Public Goods?," Macroeconomic Dynamics, Cambridge University Press, vol. 15(3), pages 336-364, June.
    10. Giulia Felice, 2010. "A Two-Sector Model of Public Investment and Growth," DEGIT Conference Papers c015_060, DEGIT, Dynamics, Economic Growth, and International Trade.
    11. Afonso, António & González Alegre, Juan, 2008. "Economic growth and budgetary components: a panel assessment for the EU," Working Paper Series 848, European Central Bank.
    12. Pelloni, A. & Waldmann, R., 1997. "Can Waste Improve Welfare?," Economics Working Papers eco97/12, European University Institute.
    13. Evangelos V. Dioikitopoulos & Sarantis Kalyvitis, 2015. "Optimal Fiscal Policy with Endogenous Time Preference," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(6), pages 848-873, December.
    14. Stephen Turnovsky, 1998. "Productive Government Expenditure in a Stochastically Growing Economy," Working Papers 0056, University of Washington, Department of Economics.
    15. Kosempel, S., 2003. "Finite lifetimes and government spending in an endogenous growth model," Working Papers 2003-13, University of Guelph, Department of Economics and Finance.
    16. Cuong Le Van & Phu Nguyen‐Van & Amélie Barbier‐Gauchard & Duc‐Anh Le, 2019. "Government expenditure, external and domestic public debt, and economic growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 21(1), pages 116-134, February.
    17. Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," CEIS Research Paper 218, Tor Vergata University, CEIS, revised 27 Jan 2012.
    18. Stephen Turnovsky, 1998. "Fiscal Policy, Elastic Labor Supply, and Endogenous Growth," Discussion Papers in Economics at the University of Washington 0068, Department of Economics at the University of Washington.
    19. Raul Barreto, 2003. "A Model of State Infrastructure with Decentralized Public Agents: Theory and Evidence," Centre for International Economic Studies Working Papers 2003-07, University of Adelaide, Centre for International Economic Studies.
    20. Eleftherios Goulas & Athina Zervoyianni, 2012. "Growth, Deficits and Uncertainty in a Panel of 28 Countries," Working Paper series 52_12, Rimini Centre for Economic Analysis.
    21. Pierre-Richard Agénor, 2005. "Health and Infrastructure in Models of Endogenous Growth," Economics Discussion Paper Series 0539, Economics, The University of Manchester.
    22. Chetan Ghate & Gerhard Glomm & Jialu Liu Streeter, 2016. "Sectoral Infrastructure Investments in an Unbalanced Growing Economy: The Case of Potential Growth in India," Asian Development Review, MIT Press, vol. 33(2), pages 144-166, September.
    23. Ales Marsal & Lorant Kaszab & Roman Horvath, 2017. "Government Spending and the Term Structure of Interest Rates in a DSGE Model," Working and Discussion Papers WP 3/2017, Research Department, National Bank of Slovakia.
    24. Binh Thai Pham & Hector Sala, 2022. "The implications of public expenditures on a small economy in transition: a Bayesian DSGE approach," Economic Change and Restructuring, Springer, vol. 55(1), pages 401-431, February.
    25. James Alm & Asmaa El-Ganainy, 2013. "Value-added taxation and consumption," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(1), pages 105-128, February.
    26. Theo Eicher & Stephen J. Turnovsky, 2000. "Scale, Congestion and Growth," Economica, London School of Economics and Political Science, vol. 67(267), pages 325-346, August.
    27. Alexandru Minea & Patrick Villieu, 2006. "Threshold Effects in Monetary and Fiscal Policies in a Simple Cash-In-Advance Endogenous Growth Model," Post-Print halshs-00252117, HAL.
    28. Xin Long & Alessandra Pelloni, 2013. "Factor Income Taxation in a Horizontal Innovation Model," CEIS Research Paper 273, Tor Vergata University, CEIS, revised 19 Apr 2013.
    29. Chang, Shu-hua & Lai, Ching-chong, 2016. "Vertical separation versus vertical integration in an endogenously growing economy," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 359-380.
    30. Heijdra, B.J. & Meijdam, A.C., 1997. "Public Investment in a Small Open Economy," Other publications TiSEM ba87d4b3-3981-46d7-b3c8-c, Tilburg University, School of Economics and Management.
    31. Pierre‐Richard Agénor & Kyriakos C. Neanidis, 2011. "The Allocation Of Public Expenditure And Economic Growth," Manchester School, University of Manchester, vol. 79(4), pages 899-931, July.
    32. Gustavo Marrero, 2010. "Tax-mix, public spending composition and growth," Journal of Economics, Springer, vol. 99(1), pages 29-51, February.
    33. Pappa, Evi & Valentinyi, Akos & Brueckner, Markus, 2019. "Local Autonomy and Government Spending Multipliers: Evidence from European Regions," CEPR Discussion Papers 14106, C.E.P.R. Discussion Papers.
    34. Baltasar Manzano & Jesús Ruiz, 2002. "Política Fiscal Óptima: el estado de la Cuestión," Documentos de Trabajo del ICAE 0212, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    35. Di Maria, Corrado, 2001. "Elastic Labour Supply and Optimal Taxation in a Model of Sustainable Endogenous Growth," Economics Series 105, Institute for Advanced Studies.
    36. Chetan Ghate & Gerhard Glomm & Jialu Liu, 2012. "Sectoral infrastructure investment in an unbalanced growing economy: The Case of India," Discussion Papers 12-07, Indian Statistical Institute, Delhi.
    37. Camyar, Isa & Ulupinar, Bahar, 2013. "The partisan policy cycle and firm valuation," European Journal of Political Economy, Elsevier, vol. 30(C), pages 92-111.
    38. Censolo, Roberto & Colombo, Caterina, 2008. "Public consumption composition in a growing economy," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1479-1495, December.
    39. Klaus Schmidt-Hebbel & José-Carlos Tello, 2014. "The Political Economy of Growth, Inequality, the Size and Composition of Government Spending," Working Papers 19, Peruvian Economic Association.
    40. Carsten Colombier, 2004. "The inefficiency of firm-augmenting public input vs. The inapplicability of provision rules," Public Economics 0410003, University Library of Munich, Germany.
    41. Pierre-Richard Agénor, 2008. "Fiscal policy and endogenous growth with public infrastructure," Oxford Economic Papers, Oxford University Press, vol. 60(1), pages 57-87, January.
    42. Lim, Jamus Jerome, 2019. "Growth in the shadow of debt," Journal of Banking & Finance, Elsevier, vol. 103(C), pages 98-112.
    43. Chengliang Yan & Liutang Gong, 2009. "Government expenditure, taxation and long-run growth," Frontiers of Economics in China, Springer;Higher Education Press, vol. 4(4), pages 505-525, December.
    44. Gustavo A. Marrero & Alfonso Novales, 2001. "Growth and welfare: Distorting versus non-distorting taxes," Documentos de Trabajo del ICAE 0105, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    45. Guoqiang Tian & Liyan Yang, 2009. "Theory of negative consumption externalities with applications to the economics of happiness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 399-424, June.
    46. Rivas-Aceves, Salvador, 2013. "El sector público y el cambio tecnológico [The public sector and technological change]," MPRA Paper 58267, University Library of Munich, Germany, revised 2013.
    47. Arawatari, Ryo & Hori, Takeo & Mino, Kazuo, 2023. "Government expenditure and economic growth: A heterogeneous-agents approach," Journal of Macroeconomics, Elsevier, vol. 75(C).
    48. Cassou, Steven P. & Lansing, Kevin J., 1998. "Optimal fiscal policy, public capital, and the productivity slowdown," Journal of Economic Dynamics and Control, Elsevier, vol. 22(6), pages 911-935, June.
    49. Tatsuro Iwaisako, 2016. "Effects of Patent Protection on Optimal Corporate Income and Consumption Taxes in an R&D‐Based Growth Model," Southern Economic Journal, John Wiley & Sons, vol. 83(2), pages 590-608, October.
    50. Baier, Scott L. & Glomm, Gerhard, 2001. "Long-run growth and welfare effects of public policies with distortionary taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 2007-2042, December.
    51. Kane, Robert F. & Peretto, Pietro F., 2020. "More apples vs. better apples: Distribution and innovation-driven growth," Journal of Economic Theory, Elsevier, vol. 185(C).
    52. Daniele Tavani & Luca Zamparelli, 2014. "Public Goods, Redistribution, and Growth: A Classical Model," Working Papers 10/14, Sapienza University of Rome, DISS.
    53. 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.
    54. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    55. Angus C. Chu & Ching-Chong Lai, 2012. "On the Growth and Welfare Effects of Defense R&D," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 473-492, June.
    56. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," Working Papers 1702, University of Otago, Department of Economics, revised Feb 2017.
    57. Pierre-Richard Agénor & Kyriakos C. Neanidis, 2007. "Optimal Taxation and Growth with Public Goods and Costly Enforcement," Centre for Growth and Business Cycle Research Discussion Paper Series 89, Economics, The University of Manchester.
    58. Chen, Been-Lon & Lee, Shun-Fa, 2007. "Congestible public goods and local indeterminacy: A two-sector endogenous growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2486-2518, July.
    59. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    60. Steven P. Cassou & Arantza Gorostiaga, 2009. "Optimal Fiscal Policy in a Multisector Model: The Price Consequences of Government Spending," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(2), pages 177-201, April.
    61. Jhy-Yuan Shieh & Wen-Ya Chang & Ching-Chong Lai, 2007. "An Endogenous Growth Model Of Capital And Arms Accumulation," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 557-575.
    62. Jin-Wen Lee, 2009. "Public Spending on Maintenance and Imperfect Competition," The American Economist, Sage Publications, vol. 54(2), pages 28-37, October.
    63. Thomas I. Renström & Luca Spataro, 2021. "Optimal taxation in an endogenous growth model with variable population and public expenditure," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 639-659, August.
    64. Kim, Se-Jik, 1998. "Growth effect of taxes in an endogenous growth model: to what extent do taxes affect economic growth?," Journal of Economic Dynamics and Control, Elsevier, vol. 23(1), pages 125-158, September.
    65. Ryo Arawatari & Takeo Hori & Kazuo Mino, 2020. "Productive government expenditure and economic growth in a heterogeneous-agents model," KIER Working Papers 1044, Kyoto University, Institute of Economic Research.
    66. Ge Jin, 2022. "Using the primal approach to derive the second‐best rules for different public services in a general competitive growth model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1564-1590, December.
    67. Ge Jin & Bing Zhang, 2024. "Optimal fiscal policy with a balanced-budget restriction: revisiting Chamley and Barro," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(2), pages 454-485, April.
    68. Kamiguchi, Akira & Tamai, Toshiki, 2019. "Public investment, public debt, and population aging under the golden rule of public finance," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 110-122.
    69. P R Agénor & K C Neanidis, 2006. "Corruption Clubs: The Allocation of Public Expenditure and Economic Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 69, Economics, The University of Manchester.
    70. Coto-Martinez, Javier, 2006. "Public capital and imperfect competition," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 349-378, January.
    71. Cheng-wei Chang & Ching-chong Lai, 2021. "Optimal fiscal policies and market structures with monopolistic competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1385-1411, December.
    72. Heijdra, Ben J. & Meijdam, Lex, 2002. "Public investment and intergenerational distribution," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 707-735, May.
    73. Ben Fine, 1998. "Endogenous Growth Theory: A Critical Assessment," Working Papers 80, Department of Economics, SOAS University of London, UK.
    74. Been-Lon Chen, 2003. "Economic Growth With Optimal Public Spending Compositional," IEAS Working Paper : academic research 03-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    75. Markus Brueckner & Evi Pappa & Ákos Valentinyi, 2023. "Geographic Cross‐Sectional Fiscal Spending Multipliers and the Role of Local Autonomy: Evidence from European Regions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1357-1396, September.
    76. Nivedita Sarkar, 2017. "The linkage between household and government expenditure on higher education: Examining the Indian case," Journal of Community Positive Practices, Catalactica NGO, issue 3, pages 14-24.
    77. Tamai, Toshiki, 2022. "Economic growth, equilibrium welfare, and public goods provision with intergenerational altruism," European Journal of Political Economy, Elsevier, vol. 71(C).
    78. Rafaela Mª Pérez Sánchez, 2004. "Characterizing the Optimal Composition of Government Expenditures," Documentos de Trabajo del ICAE 0409, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    79. Santanu Chatterjee & Sugata Ghosh, 2011. "The dual nature of public goods and congestion: the role of fiscal policy revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1471-1496, November.
    80. Lu, Chia-Hui, 2015. "Fiscal policies, frictional labor market, and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 315-327.
    81. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2004. "Second-Best Optimal Taxation of Capital and Labor in a Developing Economy," Working Papers UWEC-2004-05-P, University of Washington, Department of Economics, revised Apr 2004.
    82. Romano Piras, 2004. "Growth, Congestion of Public Goods, and Second-Best Optimal Policy," Working Papers 2004.5, Fondazione Eni Enrico Mattei.
    83. Óscar Afonso & Ana Maria Bandeira & Manuela Magalhães, 2017. "Effect of the Tax System ON R&D Intensity, Growth, Wages and Consumption Share," Australian Economic Papers, Wiley Blackwell, vol. 56(4), pages 271-291, December.
    84. Manuel A. Gómez, 2008. "Fiscal Policy, Congestion, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(4), pages 595-622, August.
    85. Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
    86. Durusu-Ciftci, Dilek & Gokmenoglu, Korhan K. & Yetkiner, Hakan, 2018. "The heterogeneous impact of taxation on economic development: New insights from a panel cointegration approach," Economic Systems, Elsevier, vol. 42(3), pages 503-513.
    87. Canofari, Paolo & Piergallini, Alessandro & Piersanti, Giovanni, 2018. "The Fallacy of Fiscal Discipline," MPRA Paper 88427, University Library of Munich, Germany.
    88. Thomas Renstrom & Luca Spataro, 2015. "An analysis on optimal taxation and on policy changes in an endogenous growth model with public expenditure," Public Finance Research Papers 12, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    89. Liu, Wen-Fang & Turnovsky, Stephen J., 2005. "Consumption externalities, production externalities, and long-run macroeconomic efficiency," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1097-1129, June.
    90. Guang Yang, 2009. "Local government expenditure, RBC model and regional business cycle in China-Take Tianjin for example," Frontiers of Economics in China, Springer;Higher Education Press, vol. 4(4), pages 588-600, December.
    91. Clemens, Christiane & Soretz, Susanne, 2004. "Optimal fiscal policy, uncertainty, and growth," Journal of Macroeconomics, Elsevier, vol. 26(4), pages 679-697, December.
    92. Wang, An-Ming & Zeng, Dao-Zhi, 2013. "Agglomeration, Tax, And Local Public Goods," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 54(2), pages 177-201, December.
    93. Chu, Angus C. & Peretto, Pietro & Wang, Xilin, 2024. "Government spending and industrialization in a Schumpeterian economy," MPRA Paper 120797, University Library of Munich, Germany.
    94. Marrero, Gustavo A. & Novales, Alfonso, 2011. "Growth, income taxes and consumption aspirations," Economics Letters, Elsevier, vol. 113(3), pages 221-224.
    95. Darong Dai, 2018. "Fiscal policy under a minimum‐time objective," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(3), pages 293-314, July.
    96. Marrero, Gustavo A. & Novales, Alfonso, 2007. "Income taxes, public investment and welfare in a growing economy," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3348-3369, October.
    97. Sylvie Charlot, 1996. "Effects of public expenditures on economic development : a model of regional equilibrium [Les effets des dépenses publiques sur la croissance : un modèle d'équilibre régional]," Working Papers hal-01526935, HAL.
    98. Been‐Lon Chen & Shun‐Fa Lee, 2009. "Two‐Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy," Southern Economic Journal, John Wiley & Sons, vol. 75(3), pages 639-662, January.

  114. Turnovsky, Stephen J, 1996. "Fiscal Policy, Adjustment Costs, and Endogenous Growth," Oxford Economic Papers, Oxford University Press, vol. 48(3), pages 361-381, July.
    See citations under working paper version above.
  115. Stephen J. Turnovsky, 1996. "Trends and Fads in Macroeconomic Dynamics," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 31(1), pages 23-40, January.

    Cited by:

    1. Uday Bhanu Sinha & Abhijit Banerji & Shreekant Gupta & J. V. Meenakshi, 2019. "Editorial note," Indian Economic Review, Springer, vol. 54(1), pages 1-6, December.

  116. Turnovsky, Stephen J, 1996. "Endogenous Growth in a Dependent Economy with Traded and Nontraded Capital," Review of International Economics, Wiley Blackwell, vol. 4(3), pages 300-321, October.

    Cited by:

    1. Nikos Christodoulakis, 2009. "Ten Years of EMU: convergence, divergence and new policy priorities," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 22, Hellenic Observatory, LSE.
    2. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    3. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    4. Carlos Esteban Posada P., 1997. "Otro costo de una inflación perfectamente prevista," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 16(31), pages 5-33, June.
    5. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    6. Nicos Christodoulakis & Vassilis Sarantides, 2011. "External asymmetries in the euro area and the role of foreign direct investment," Working Papers 132, Bank of Greece.
    7. Chung Yi Tse & Charles Ka Yui Leung, 2002. "Increasing Wealth and Increasing Instability: The Role of Collateral," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 45-52, February.
    8. Rahmati, Mohammad H. & Karimirad, Ali, 2017. "Subsidy and natural resource curse: Evidence from plant level observations in Iran," Resources Policy, Elsevier, vol. 52(C), pages 90-99.
    9. Enrique R. Casares, 2015. "A relationship between external public debt and economic growth," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 30(2), pages 219-243.
    10. Frederick van der Ploeg, 2011. "Natural Resources: Curse or Blessing?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 366-420, June.
    11. Torvik, Ragnar, 2001. "Learning by doing and the Dutch disease," European Economic Review, Elsevier, vol. 45(2), pages 285-306, February.
    12. Meng, Qinglai, 2003. "Multiple transitional growth paths in endogenously growing open economies," Journal of Economic Theory, Elsevier, vol. 108(2), pages 365-376, February.

  117. Turnovsky Stephen J. & Sen Partha, 1995. "Investment in a Two-Sector Dependent Economy," Journal of the Japanese and International Economies, Elsevier, vol. 9(1), pages 29-55, March.
    See citations under working paper version above.
  118. Turnovsky, Stephen J. & Fisher, Walter H., 1995. "The composition of government expenditure and its consequences for macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 19(4), pages 747-786, May.

    Cited by:

    1. Piergallini, Alessandro, 2020. "Is Fiscal Austerity Really Self-Defeating?," MPRA Paper 112071, University Library of Munich, Germany.
    2. Renström, Thomas I & Marsiliani, Laura, 2007. "Political Institutions and Economic Growth," CEPR Discussion Papers 6143, C.E.P.R. Discussion Papers.
    3. Oliviero A. Carboni & Paolo Russu, 2013. "A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 1-13.
    4. Economides, George & Park, Hyun & Philippopoulos, Apostolis, 2011. "How Should The Government Allocate Its Tax Revenues Between Productivity-Enhancing And Utility-Enhancing Public Goods?," Macroeconomic Dynamics, Cambridge University Press, vol. 15(3), pages 336-364, June.
    5. Pierre-Richard Agénor, 2012. "Infrastructure, Public Education And Growth With Congestion Costs," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 449-469, October.
    6. Chen, Xiaodong & Mi, Haoming & Zhou, Peng, 2023. "Whether to decentralize and how to decentralize? The optimal fiscal federalism in an endogenous growth model," Cardiff Economics Working Papers E2023/11, Cardiff University, Cardiff Business School, Economics Section.
    7. Peter Pedroni & David Canning, 2004. "The Effect of Infrastructure on Long Run Economic Growth," Department of Economics Working Papers 2004-04, Department of Economics, Williams College.
    8. Tommaso Agasisti & Cristian Barra & Roberto Zotti, 2020. "Public finance, government spending and economic growth: the case of local governments in Italy," Working papers 99, Società Italiana di Economia Pubblica.
    9. Mr. James McHugh & Mr. Theodora Kosma & Mr. Dimitri G Demekas, 2002. "The Economics of Post Conflict Aid," IMF Working Papers 2002/198, International Monetary Fund.
    10. Rodríguez-Nava, Abigail & Venegas-Martínez, Francisco & López-Herrera, Francisco, 2014. "La necesidad de la reforma fiscal para PEMEX: viabilidad económica y financiera," Sección de Estudios de Posgrado e Investigación de la Escuela Superios de Economía del Instituto Politécnico Nacional, in: Universidad Autónoma del Estado de México (ed.), Efectos de las reformas estructurales en las fluctuaciones cíclicas y el crecimiento económico en México, volume 1, chapter 2, pages 43-70, Escuela Superior de Economía, Instituto Politécnico Nacional.
    11. Antra Bhatt & Claudio Sardoni, 2016. "Public Expenditure and Growth: The Indian Case," Working Papers 7/16, Sapienza University of Rome, DISS.
    12. Vitor M. Carvalho & Manuel M. F. Martins, 2011. "Macroeconomic effects of fiscal consolidations in a DSGE model for the Euro Area: does composition matter?," FEP Working Papers 421, Universidade do Porto, Faculdade de Economia do Porto.
    13. A. Lans Bovenberg & Ben J. Heijdra, "undated". "Environmental Abatement and Intergenerational Redistribution," EPRU Working Paper Series 00-08, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    14. Liutang Gong & Heng-fu Zou, 2011. "Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence," CEMA Working Papers 494, China Economics and Management Academy, Central University of Finance and Economics.
    15. Kosempel, S., 2003. "Finite lifetimes and government spending in an endogenous growth model," Working Papers 2003-13, University of Guelph, Department of Economics and Finance.
    16. Gokan, Yoichi, 2008. "Infrastructure, alternative government finance and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 321-347, February.
    17. Jingxin Hu & Tao Li & Guanghe Ran, 2021. "Infrastructure investment and marginal spending behaviour of households," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(2), pages 3-17, November.
    18. Kim, Dong-Hyeon & Wu, Yi-Chen & Lin, Shu-Chin, 2018. "Heterogeneity in the effects of government size and governance on economic growth," Economic Modelling, Elsevier, vol. 68(C), pages 205-216.
    19. Bournakis, Ioannis & Tsoukis, Christopher, 2015. "Government Size, Institutions, and Export Performance among OECD Economies," MPRA Paper 68112, University Library of Munich, Germany.
    20. Chetan Ghate & Gerhard Glomm & Jialu Liu Streeter, 2016. "Sectoral Infrastructure Investments in an Unbalanced Growing Economy: The Case of Potential Growth in India," Asian Development Review, MIT Press, vol. 33(2), pages 144-166, September.
    21. Groneck, Max, 2010. "A golden rule of public finance or a fixed deficit regime?: Growth and welfare effects of budget rules," Economic Modelling, Elsevier, vol. 27(2), pages 523-534, March.
    22. Lorenzo Cerboni Baiardi & Ahmad Naimzada, 2020. "Existence, multiplicity and policy prescriptions for debt sustainability in an OLG model with fiscal policy and debt," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(2), pages 769-786, December.
    23. Spector, Lee C, 1999. "Macroeconomic Models and the Determination of Crowding Out," Public Finance = Finances publiques, , vol. 54(1-2), pages 84-98.
    24. Chen, Zhigang & Lv, Bingyang & Liu, Yongzheng, 2019. "Financial development and the composition of government expenditure: Theory and cross-country evidence," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 600-611.
    25. Duarte Bom, P.R. & Heijdra, B.J. & Ligthart, J.E., 2010. "Output Dynamics, Technology, and Public Investment," Other publications TiSEM 39238188-f882-4db5-a834-a, Tilburg University, School of Economics and Management.
    26. Antonio Soares Martins Neto & Gilberto Tadeu Lima, 2017. "Competitive Exchange Rate and Public Infrastructure in a Macrodynamic of Economic Growth," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 792-815, November.
    27. Benegas, Mauricio & Marinho, Emerson, 2020. "Constant real expenditure policy: the macroeconomic impacts of budget composition and a primary surplus," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    28. Baldi, Guido, 2013. "How do Different Government Spending Categories Impact on Private Consumption and the Real Exchange Rate?," MPRA Paper 48600, University Library of Munich, Germany.
    29. Barbero Jiménez, Javier & Christensen, Martin & Conte, Andrea & Lecca, Patrizio & Rodríguez-Pose, Andrés & Salotti, Simone, 2022. "Improving government quality in the regions of the EU and its system-wide benefits for Cohesion policy," CEPR Discussion Papers 17045, C.E.P.R. Discussion Papers.
    30. Heijdra, B.J. & Meijdam, A.C., 1997. "Public Investment in a Small Open Economy," Other publications TiSEM ba87d4b3-3981-46d7-b3c8-c, Tilburg University, School of Economics and Management.
    31. Pierre‐Richard Agénor & Kyriakos C. Neanidis, 2011. "The Allocation Of Public Expenditure And Economic Growth," Manchester School, University of Manchester, vol. 79(4), pages 899-931, July.
    32. Pappa, Evi & Valentinyi, Akos & Brueckner, Markus, 2019. "Local Autonomy and Government Spending Multipliers: Evidence from European Regions," CEPR Discussion Papers 14106, C.E.P.R. Discussion Papers.
    33. Hernández Mota, José Luis, 2008. "La Composición del Gasto Público y el Crecimiento Económico [Composition of Public Spending and Economic Growth]," MPRA Paper 68941, University Library of Munich, Germany, revised Nov 2008.
    34. Sarantis Kalyvitis, 2003. "Public Investment Rules and Endogenous Growth with Empirical Evidence From Canada," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(1), pages 90-110, February.
    35. Chetan Ghate & Gerhard Glomm & Jialu Liu, 2012. "Sectoral infrastructure investment in an unbalanced growing economy: The Case of India," Discussion Papers 12-07, Indian Statistical Institute, Delhi.
    36. Wesselbaum, Dennis, 2015. "Sectoral labor market effects of fiscal spending," Structural Change and Economic Dynamics, Elsevier, vol. 34(C), pages 19-35.
    37. Bom, Pedro R.D., 2017. "Factor-biased public capital and private capital crowding out," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 100-117.
    38. Funashima, Yoshito, 2015. "Governmentally amplified output volatility," MPRA Paper 65330, University Library of Munich, Germany.
    39. Pedro R. D. Bom & Aitor Goti, 2018. "Public Capital and the Labor Income Share," Sustainability, MDPI, vol. 10(11), pages 1-17, October.
    40. Luigi Marattin & Tommaso Nannicini & Francesco Porcelli, 2022. "Revenue vs expenditure based fiscal consolidation: the pass-through from federal cuts to local taxes," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(4), pages 834-872, August.
    41. Hernández Mota, José Luis, 2009. "Efectos macroeconómicos del capital público en el crecimiento económico [Macroeconomic effects of public capital on economic growth]," MPRA Paper 68943, University Library of Munich, Germany, revised 10 Jul 2010.
    42. Patrizio Lecca & Peter McGregor & Kim Swales, 2010. "Balanced Budget Government Spending in a Small Open Regional Economy," Working Papers 1020, University of Strathclyde Business School, Department of Economics.
    43. Tatiana Fic & Chetan Ghate, 2004. "The Welfare State, Thresholds, and Economic Growth," Discussion Papers of DIW Berlin 424, DIW Berlin, German Institute for Economic Research.
    44. Yobouet Thierry Bienvenu Gnangoin & Liangsheng Du & GuyRoland Assamoi & Akadje JeanRoland Edjoukou & Diby François Kassi, 2019. "Public Spending, Income Inequality and Economic Growth in Asian Countries: A Panel GMM Approach," Economies, MDPI, vol. 7(4), pages 1-15, November.
    45. Wen-Ya Chang & Hsueh-Fang Tsai & Ching-Chong Lai, 1999. "The Steady-State Effects of Income Taxation with Endogenous Time Preference," Public Finance Review, , vol. 27(6), pages 648-664, November.
    46. Censolo, Roberto & Colombo, Caterina, 2008. "Public consumption composition in a growing economy," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1479-1495, December.
    47. Pierre-Richard Agénor, 2008. "Fiscal policy and endogenous growth with public infrastructure," Oxford Economic Papers, Oxford University Press, vol. 60(1), pages 57-87, January.
    48. Mahdavi, Saeid, 2004. "Shifts in the Composition of Government Spending in Response to External Debt Burden," World Development, Elsevier, vol. 32(7), pages 1139-1157, July.
    49. Duarte Bom, P.R. & Ligthart, J.E., 2011. "Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules," Discussion Paper 2011-092, Tilburg University, Center for Economic Research.
    50. Mr. Giovanni Ganelli & Juha Tervala, 2007. "Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model," IMF Working Papers 2007/067, International Monetary Fund.
    51. Moisa Altar & Judita Samuel, 2008. "Fiscal Policy, Public Capital and Economic Growth," Advances in Economic and Financial Research - DOFIN Working Paper Series 5, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    52. Ingrid Ott, 2004. "Bureaucratic corruption and macroeconomic performance," Computing in Economics and Finance 2004 303, Society for Computational Economics.
    53. Vladimir V. Dashkeev & Stephen J. Turnovsky, 2023. "Tax systems and public borrowing limits in a fiscal union," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 351-395, April.
    54. Shanshan Liu & Feng Deng & Baosheng Yuan, 2023. "How Does Public Capital Affect Enterprise Technological Innovation Based on Empirical Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 15(10), pages 1-17, May.
    55. Murakami, Hiroki & Sasaki, Hiroaki, 2020. "Economic development with public capital accumulation: The crucial role of wage flexibility on business cycles," Economic Modelling, Elsevier, vol. 93(C), pages 299-309.
    56. Angelopoulos, Konstantinos & Economides, George & Kammas, Pantelis, 2007. "Tax-spending policies and economic growth: Theoretical predictions and evidence from the OECD," European Journal of Political Economy, Elsevier, vol. 23(4), pages 885-902, December.
    57. Baier, Scott L. & Glomm, Gerhard, 2001. "Long-run growth and welfare effects of public policies with distortionary taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 2007-2042, December.
    58. Eunseong Ma, 2019. "The Heterogeneous Responses of Consumption between Poor and Rich to Government Spending Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(7), pages 1999-2028, October.
    59. Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
    60. David Canning & Peter Pedroni, 2008. "Infrastructure, Long‐Run Economic Growth And Causality Tests For Cointegrated Panels," Manchester School, University of Manchester, vol. 76(5), pages 504-527, September.
    61. David Alan Aschauer, 1998. "Optimal Financing by Money and Taxes of Productive and Unproductive Government Spending: Effects on Economic Growth, Inflation, and Welfare," Economics Working Paper Archive wp_241, Levy Economics Institute.
    62. Duarte Bom, P.R., 2011. "The macroeconomics of fiscal policy and public capital," Other publications TiSEM f8cdfc62-df06-45ab-9282-9, Tilburg University, School of Economics and Management.
    63. Andreas Irmen & Johanna Kuehnel, 2009. "Productive Government Expenditure And Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
    64. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," Working Papers 1702, University of Otago, Department of Economics, revised Feb 2017.
    65. Konstantinos Angelopoulos & Jim Malley & Apostolis Philippopoulos, 2007. "Public Education Expenditure, Growth and Welfare," CESifo Working Paper Series 2037, CESifo.
    66. Dioikitopoulos, Evangelos V. & Kalyvitis, Sarantis, 2008. "Public capital maintenance and congestion: Long-run growth and fiscal policies," Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3760-3779, December.
    67. Vitor Carvalho & Manuel M. F. Martins, 2011. "Investment and output effects of fiscal consolidations in a new-Keynesian DSGE model for the Euro Area: composition matters?," EcoMod2011 3246, EcoMod.
    68. Patrizio Lecca & Javier Barbero Jimenez & Martin Aaroe Christensen & Andrea Conte & Francesco Di Comite & Jorge Diaz-Lanchas & Olga Diukanova & Giovanni Mandras & Damiaan Persyn & Stylianos Sakkas, 2018. "RHOMOLO V3:A Spatial Modelling Framework," JRC Research Reports JRC111861, Joint Research Centre.
    69. Gong, Liutang & Zou, Heng-fu, 2002. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 1975-2003, October.
    70. Gokcen Yilmaz, 2018. "Composition of public investment and economic growth: evidence from Turkish provinces, 1975-2001," Public Sector Economics, Institute of Public Finance, vol. 42(2), pages 187-214.
    71. Park, Hyun & Philippopoulos, Apostolis, 2002. "Dynamics Of Taxes, Public Services, And Endogenous Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 6(2), pages 187-201, April.
    72. Getachew, Yoseph Yilma, 2010. "Public capital and distributional dynamics in a two-sector growth model," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 606-616, June.
    73. Kuo-Jung Lee & Yi-Chi Chen, 2018. "Of needles and haystacks: revisiting growth determinants by robust Bayesian variable selection," Empirical Economics, Springer, vol. 54(4), pages 1517-1547, June.
    74. Dzhumashev, Ratbek & Gahramanov, Emin, 2008. "Can we tax the desire for tax evasion?," Working Papers eco_2008_19, Deakin University, Department of Economics.
    75. Ferede Ergete, 2008. "Dynamic Scoring in the Ramsey Growth Model," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-27, September.
    76. Kriwoluzky, Alexander, 2012. "Pre-announcement and timing: The effects of a government expenditure shock," European Economic Review, Elsevier, vol. 56(3), pages 373-388.
    77. Jhy-Yuan Shieh & Wen-Ya Chang & Ching-Chong Lai, 2007. "An Endogenous Growth Model Of Capital And Arms Accumulation," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 557-575.
    78. Zhihong Wang & Wenjia Tian, 2022. "A Study on the Dynamic Evolution and Regional Differences of Public Capital and Return to Capital in China," Mathematics, MDPI, vol. 10(19), pages 1-24, October.
    79. Ludger Linnemann & Andreas Schabert, 2005. "Productive Government Expenditure in Monetary Business Cycle Models," Tinbergen Institute Discussion Papers 05-053/2, Tinbergen Institute.
    80. Ge Jin, 2022. "Using the primal approach to derive the second‐best rules for different public services in a general competitive growth model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1564-1590, December.
    81. Ge Jin & Bing Zhang, 2024. "Optimal fiscal policy with a balanced-budget restriction: revisiting Chamley and Barro," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(2), pages 454-485, April.
    82. Ott, Ingrid & Soretz, Susanne, 2011. "Public policies and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1435-1450, September.
    83. Fisher, Walter H. & Turnovsky, Stephen J., 1997. "Congestion and Public Capital," Economics Series 47, Institute for Advanced Studies.
    84. P R Agénor & K C Neanidis, 2006. "Corruption Clubs: The Allocation of Public Expenditure and Economic Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 69, Economics, The University of Manchester.
    85. Coto-Martinez, Javier, 2006. "Public capital and imperfect competition," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 349-378, January.
    86. Fuhmei Wang & Jung-Der Wang, 2021. "The Determinants of Telehealth Provision: Empirical Evidence from OECD Countries," IJERPH, MDPI, vol. 18(16), pages 1-13, August.
    87. Bom, Pedro R.D., 2019. "Fiscal rules and the intergenerational welfare effects of public investment," Economic Modelling, Elsevier, vol. 81(C), pages 455-470.
    88. Chang, Wen-ya, 1999. "Government spending, endogenous labor, and capital accumulation," Journal of Economic Dynamics and Control, Elsevier, vol. 23(8), pages 1225-1242, August.
    89. James L. Butkiewicz & Halit Yanikkaya, 2011. "Institutions and the impact of government spending on growth," Journal of Applied Economics, Universidad del CEMA, vol. 14, pages 319-341, November.
    90. Heijdra, Ben J. & Meijdam, Lex, 2002. "Public investment and intergenerational distribution," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 707-735, May.
    91. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    92. Wen-ya Chang & Hsueh-fang Tsai & Juin-jen Chang & Kuo-Hao Lee, 2015. "Consumption tax, seigniorage tax and tax switch in a cash-in-advance economy of endogenous growth," Journal of Economics, Springer, vol. 114(1), pages 23-42, January.
    93. Pereira, Ricardo Antonio de Castro & Ferreira, Pedro Cavalcanti, 2007. "Efeitos de crescimento e bem-estar da Lei de parceria público-privada no Brasil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 648, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    94. Christensen, Martin & Weiers, Georg & Wolski, Marcin, 2019. "The 2019 assessment of the macroeconomic effects of the European Fund for Strategic Investments with the RHOMOLO-EIB model," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 45, pages 5-15.
    95. Markus Brueckner & Evi Pappa & Ákos Valentinyi, 2023. "Geographic Cross‐Sectional Fiscal Spending Multipliers and the Role of Local Autonomy: Evidence from European Regions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1357-1396, September.
    96. Getachew, Yoseph, 2008. "Public Capital, Income Distribution and Growth," MERIT Working Papers 2008-056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    97. Viegas, Miguel & Ribeiro, Ana Paula, 2013. "The Dutch experience: Assessing the welfare impacts of two consolidation strategies using a heterogeneous-agent framework," Economic Modelling, Elsevier, vol. 32(C), pages 351-360.
    98. Funashima, Yoshito, 2016. "Governmentally amplified output volatility," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 469-478.
    99. Carboni, Oliviero & Russu, Paolo, 2011. "The Conditions for a Balanced Growth in a Model with Public Finance: an Analytic Solution," MPRA Paper 36600, University Library of Munich, Germany.
    100. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico´s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association.
    101. Miguel Viegas & Ana Ribeiro, 2014. "The Economic Adjustment Program for Portugal: assessing welfare impact in a heterogeneous-agent framework," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 13(1), pages 53-70, April.
    102. Chu, Hsun & Lai, Ching-Chong & Cheng, Chu-Chuan, 2013. "Tax Havens, Growth, and Welfare," MPRA Paper 52878, University Library of Munich, Germany, revised Sep 2013.
    103. Shieh, Jhy-yuan & Chen, Jhy-hwa & Lai, Ching-chong, 2006. "Government spending, capital accumulation and the optimal policy rule: The role of public service capital," Economic Modelling, Elsevier, vol. 23(6), pages 875-889, December.
    104. Ganelli, Giovanni & Tervala, Juha, 2009. "Public infrastructures, public consumption and welfare in a new open economy macro model," Bank of Finland Research Discussion Papers 8/2009, Bank of Finland.
    105. Olanipekun Emmanuel Falade, 2020. "Fiscal Policy and Sectoral Output Performance in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(1), pages 65-75, January.
    106. Rafaela Mª Pérez Sánchez, 2004. "Characterizing the Optimal Composition of Government Expenditures," Documentos de Trabajo del ICAE 0409, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    107. Wai‐Hong Ho & Yong Wang, 2005. "Public capital, asymmetric information, and economic growth," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(1), pages 57-80, February.
    108. Santiago Acosta-Ormaechea & Atsuyoshi Morozumi, 2017. "Public Spending Reallocations And Economic Growth Across Different Income Levels," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 98-114, January.
    109. Chatterjee, Santanu & Lebesmuehlbacher, Thomas & Narayanan, Abhinav, 2021. "How productive is public investment? Evidence from formal and informal production in India," Journal of Development Economics, Elsevier, vol. 151(C).
    110. Santanu Chatterjee & Sugata Ghosh, 2011. "The dual nature of public goods and congestion: the role of fiscal policy revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1471-1496, November.
    111. Giulia FELICE, 2009. "Size and composition of public investment, structural change and growth," Departmental Working Papers 2009-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 27 Dec 2011.
    112. Mr. Hyun Park, 2006. "Expenditure Composition and Distortionary Tax for Equitable Economic Growth," IMF Working Papers 2006/165, International Monetary Fund.
    113. Mr. Qing Wang & Mr. Ugo Fasano-Filho, 2001. "Fiscal Expenditure Policy and Non-Oil Economic Growth: Evidence from GCC Countries," IMF Working Papers 2001/195, International Monetary Fund.
    114. Serletis, Apostolos & Shahmoradi, Asghar, 2010. "Consumption effects of government purchases," Journal of Macroeconomics, Elsevier, vol. 32(3), pages 892-905, September.
    115. Fabienne Dascher-Preising & Alfred Greiner, 2024. "Human Capital Formation With Heterogeneous Agents, Sustainable Debt Policies and Growth: Who Benefits from Fiscal Policy Rules?," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 175-212, May.
    116. Juha Tervala, 2008. "Productive Government Spending, Welfare and Exchange Rate Dynamics," Financial Theory and Practice, Institute of Public Finance, vol. 32(2), pages 97-114.
    117. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1288-1306, August.
    118. Iwata, Yasuharu, 2013. "Two fiscal policy puzzles revisited: New evidence and an explanation," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 188-207.
    119. Athanasios Lapatinas & Alexandra Kyriakou & Antonios Garas, 2019. "Taxation and economic sophistication: Evidence from OECD countries," PLOS ONE, Public Library of Science, vol. 14(3), pages 1-21, March.
    120. Sugata Ghosh & Iannis A. Mourmouras & Sarmistha Pal & Ivan Paya, 2003. "On Public Investment, the Real Exchange Rate and Growth: Some Empirical Evidence from the UK and the USA," Manchester School, University of Manchester, vol. 71(3), pages 242-264, June.
    121. Gerhard Glomm & Felix Rioja, 2012. "The Generational Effects of Fiscal Policy in a Small Open Economy," Public Finance Review, , vol. 40(2), pages 151-176, March.
    122. Anwar, Sajid, 2005. "Specialisation-based external economies, supply of primary factors and government size," Journal of Economics and Business, Elsevier, vol. 57(3), pages 259-271.
    123. Thomas Krichel & Paul Levine, 1996. "Dynamic Aspect of Growth and Fiscal Policy," School of Economics Discussion Papers 9601, School of Economics, University of Surrey, revised Nov 1997.
    124. Dashkeev, Vladimir V & Turnovsky, Stephen J, 2018. "Balanced-budget rules and risk-sharing in a fiscal union," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 277-298.
    125. Hyun Park, 2010. "Fiscal Policy and Equitable Growth," Review of Development Economics, Wiley Blackwell, vol. 14(1), pages 121-140, February.
    126. Toshiki Tamai, 2009. "Employment, fiscal Policy and Oligopsonistic Labour Market," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 12(3), pages 321-337.
    127. Atsuyoshi Morozumi & Francisco José Veiga, 2014. "Public spending and growth: the role of government accountability," Discussion Papers 2014/18, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    128. Liangliang Liu, 2021. "Fiscal decentralization and the imbalance between consumption and investment in China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 66(1), pages 1-17, February.
    129. Crucitti, Francesca & Lazarou, Nicholas-Joseph & Monfort, Philippe & Salotti, Simone, 2023. "Where does the EU cohesion policy produce its benefits? A model analysis of the international spillovers generated by the policy," Economic Systems, Elsevier, vol. 47(3).
    130. Mourmouras, Iannis A. & Lee, Jong Eun, 1999. "Government spending on infrastructure in an endogenous growth model with finite horizons," Journal of Economics and Business, Elsevier, vol. 51(5), pages 395-407, September.
    131. Viegas, Miguel & Ribeiro, Ana Paula, 2013. "Welfare-improving government behavior and inequality in a heterogeneous agents model," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 146-160.
    132. Escobar-Posada Rolando A. & Monteiro Goncalo, 2018. "Stock vs flow specification of public infrastructures: a dynamic analysis," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-14, June.
    133. Groneck, Max, 2008. "A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 08-7, University of Cologne, FiFo Institute for Public Economics.
    134. Fuhmei Wang, 2018. "The roles of preventive and curative health care in economic development," PLOS ONE, Public Library of Science, vol. 13(11), pages 1-12, November.
    135. Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2015. "Long-run growth and welfare in a two sector endogenous growth model with productive and non-productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 218-234.
    136. Moisa Altar & Judita Samuel, 2008. "The Influence of Fiscal Policy on Economic Growth," Advances in Economic and Financial Research - DOFIN Working Paper Series 7, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    137. Wai-Hong Ho & Yong Wang, 2005. "Public capital, asymmetric information, and economic growth," Canadian Journal of Economics, Canadian Economics Association, vol. 38(1), pages 57-80, February.
    138. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism," CEMA Working Papers 102, China Economics and Management Academy, Central University of Finance and Economics.
    139. Chatterjee, Santanu & Mahbub Morshed, A.K.M., 2011. "Reprint to: Infrastructure provision and macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1405-1423, September.
    140. Tenhofen, Jörn & Wolff, Guntram B., 2010. "Does anticipation of government spending matter? The role of (non-)defense spending," Bonn Econ Discussion Papers 12/2010, University of Bonn, Bonn Graduate School of Economics (BGSE).
    141. Dioikitopoulos, Evangelos V., 2018. "Dynamic adjustment of fiscal policy under a debt crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 260-276.
    142. Shaheen Naseer, 2019. "Public Spending, Quality of Bureaucracy and Economic Growth: A Theoretical Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(2), pages 203-221.
    143. Lorenzo, Cerboni Baiardi & Ahmad, Naimzada, 2018. "Existence, multiplicity and dynamic complexity in an OLG model with fiscal policy and debt," Working Papers 385, University of Milano-Bicocca, Department of Economics, revised 28 Jul 2018.

  119. Stephen Turnovsky, 1995. "Optimal Tax Policy In A Stochastically Growing Economy," The Japanese Economic Review, Japanese Economic Association, vol. 46(2), pages 125-147, June.

    Cited by:

    1. Soretz, Susanne, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Hannover Economic Papers (HEP) dp-259, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    2. Deng, Kent & Shen, Jim Huangnan, 2019. "From state resource allocation to a 'low-level equilibrium trap': re-evaluation of economic performance of Mao's China, 1949-78," Economic History Working Papers 101127, London School of Economics and Political Science, Department of Economic History.
    3. Clemens, Christiane & Soretz, Susanne, 2004. "Optimal fiscal policy, uncertainty, and growth," Journal of Macroeconomics, Elsevier, vol. 26(4), pages 679-697, December.

  120. Brock, Philip L & Turnovsky, Stephen J, 1994. "The Dependent-Economy Model with Both Traded and Nontraded Capital Goods," Review of International Economics, Wiley Blackwell, vol. 2(3), pages 306-325, October.
    See citations under working paper version above.
  121. Grinols, Earl L. & Turnovsky, Stephen J., 1994. "Exchange rate determination and asset prices in a stochastic small open economy," Journal of International Economics, Elsevier, vol. 36(1-2), pages 75-97, February.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. Patrick K. Asea & Stephen J. Turnovsky, 1997. "Capital Income Taxation and Risk-Taking in a Small Open Economy," NBER Working Papers 6189, National Bureau of Economic Research, Inc.
    3. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
    4. Paola Giuliano & Stephen Turnovsky, 2000. "Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy," Discussion Papers in Economics at the University of Washington 0002, Department of Economics at the University of Washington.
    5. Turnovsky, Stephen J. & Grinols, Earl, 1996. "Optimal government finance policy and exchange rate management in a stochastically growing open economy," Journal of International Money and Finance, Elsevier, vol. 15(5), pages 687-716, October.
    6. Heng-fu Zou, 2012. "A Naive Model on the Rise and Decline of Nations and Powers," CEMA Working Papers 557, China Economics and Management Academy, Central University of Finance and Economics.
    7. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    8. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    9. Cao, Melanie, 2001. "Systematic jump risks in a small open economy: simultaneous equilibrium valuation of options on the market portfolio and the exchange rate," Journal of International Money and Finance, Elsevier, vol. 20(2), pages 191-218, April.
    10. Francisco Venegas Martínez & Abigail Rodríguez Nava, 2009. "Consumo y decisiones de portafolio en ambientes estocásticos: un marco teórico unificador," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 29-64, November.
    11. Kumhof, Michael, 2018. "On the theory of international currency portfolios," European Economic Review, Elsevier, vol. 101(C), pages 376-396.
    12. Gagnon, Gregory, 2003. "Random perturbations of deterministic equilibria," Journal of Economic Theory, Elsevier, vol. 111(1), pages 135-146, July.
    13. Aquino, Juan Carlos, 2018. "The Valuation Channel of External Adjustment in Small Open Economies," Working Papers 2018-011, Banco Central de Reserva del Perú.
    14. Jesper Lindé, 2001. "Fiscal policy and interest rates in a small open economy," Finnish Economic Papers, Finnish Economic Association, vol. 14(2), pages 65-83, Autumn.
    15. Rankin, Neil, 1995. "Nominal Rigidity and Monetary Uncertainty in a Small Open Economy," CEPR Discussion Papers 1231, C.E.P.R. Discussion Papers.
    16. Roberto Guimaraes, 2004. "Foreign Exchange Intervention And Monetary Policy In Japan: Evidence From Identified Vars," Money Macro and Finance (MMF) Research Group Conference 2004 8, Money Macro and Finance Research Group.
    17. Kenc, Turalay & Dibooglu, Sel, 2007. "The spirit of capitalism, asset pricing and growth in a small open economy," Journal of International Money and Finance, Elsevier, vol. 26(8), pages 1378-1402, December.
    18. López-Herrera, Francisco & Rodríguez-Nava, Abigail & Venegas-Martínez, Francisco, 2011. "Efectos en las decisiones de consumo y portafolio del riesgo cambiario con discontinuidades," Sección de Estudios de Posgrado e Investigación de la Escuela Superios de Economía del Instituto Politécnico Nacional, in: Perrotini-Hernández, Ignacio (ed.), Crecimiento y Desarrollo Económico en México, volume 1, chapter 12, pages 172-182, Escuela Superior de Economía, Instituto Politécnico Nacional.
    19. Smith, William T., 1999. "Risk, the Spirit of Capitalism and Growth: The Implications of a Preference for Capital," Journal of Macroeconomics, Elsevier, vol. 21(2), pages 241-262, April.
    20. Liutang Gong & Heng-fu Zou, 2001. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," CEMA Working Papers 53, China Economics and Management Academy, Central University of Finance and Economics.
    21. David Oxborrow & Stephen J. Turnovsky, 2017. "Closing the Small Open Economy Model: A Demographic Approach," Review of International Economics, Wiley Blackwell, vol. 25(1), pages 44-75, February.
    22. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.
    23. Stijn van Nieuwerburgh & Michael Kumhof, 2005. "Monetary Policy in an Equilibrium Portfolio Balance Model," 2005 Meeting Papers 851, Society for Economic Dynamics.
    24. Evans, Lynne & Kenc, Turalay, 2004. "FOREX risk premia and policy uncertainty: a recursive utility analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(1), pages 1-24, February.
    25. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    26. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    27. Alvarez Lois, Pedro Pablo, 2001. "Capital Flows and Foreign Interest Rate Disturbances in a Small Open Economy," Journal of Macroeconomics, Elsevier, vol. 23(1), pages 45-72, January.
    28. Lin, Hwan C., 2008. "Forward-rate target zones and exchange rate dynamics," Journal of International Money and Finance, Elsevier, vol. 27(5), pages 831-846, September.
    29. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    30. Gong, Liutang & Zou, Heng-fu, 2012. "Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism," MPRA Paper 37426, University Library of Munich, Germany.
    31. Mr. Michael Kumhof, 2009. "International Currency Portfolios," IMF Working Papers 2009/048, International Monetary Fund.
    32. Kumhof, Michael, 2010. "On the theory of sterilized foreign exchange intervention," Journal of Economic Dynamics and Control, Elsevier, vol. 34(8), pages 1403-1420, August.

  122. Turnovsky, Stephen J. & Okuyama, Toshiyuki, 1994. "Taxes, housing, and capital accumulation in a two-sector growing economy," Journal of Public Economics, Elsevier, vol. 53(2), pages 245-267, February.

    Cited by:

    1. Li, Bin & Zeng, Zhixiong, 2010. "Fundamentals behind house prices," Economics Letters, Elsevier, vol. 108(2), pages 205-207, August.
    2. Lichao Cheng & Bin Li & Zhixiong Zeng, 2010. "Housing In A Neoclassical Growth Model," Pacific Economic Review, Wiley Blackwell, vol. 15(2), pages 246-262, May.
    3. Suntum, Ulrich van, 2009. "Housing, taxation and retirement provision," Journal of Housing Economics, Elsevier, vol. 18(3), pages 249-255, September.
    4. Brito, Paulo M. B. & Pereira, Alfredo M., 2002. "Housing and Endogenous Long-Term Growth," Journal of Urban Economics, Elsevier, vol. 51(2), pages 246-271, March.
    5. Irene Perrote, 2006. "An Optimal Linear Income Tax with a Subsidy on Housing," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 56(09-10), pages 435-446, September.
    6. Cremer, H. & Gahvari, F., 1996. "On Optimal Taxation of Housing," Papers 96.417, Toulouse - GREMAQ.
    7. Schünemann, Johannes & Trimborn, Timo, 2017. "Boosting taxes for boasting about houses: Status concerns in the housing market," ECON WPS - Working Papers in Economic Theory and Policy 05/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    8. Theodore Panagiotidis & Panagiotis Printzis, 2016. "On the macroeconomic determinants of the housing market in Greece: a VECM approach," International Economics and Economic Policy, Springer, vol. 13(3), pages 387-409, July.
    9. Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
    10. Tsakloglou, Panos & Figari, Francesco & Verbist, Gerlinde & Paulus, Alari & Zantomio, Francesca & Sutherland, Holly, 2012. "Taxing home ownership: distributional effects of including net imputed rent in taxable income," EUROMOD Working Papers EM4/12, EUROMOD at the Institute for Social and Economic Research.
    11. Zhang, Wei-Bin, 2013. "The impact of transport, land and fiscal policy on housing and economic geography in a small, open growth model," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 6(1), pages 89-100.
    12. Wei‐Bin Zhang, 2008. "Growth and residential distribution with economic structure and amenity: A synthesis of Solow‐Uzawa's growth, Alonso's urban, and Muth's housing models," Papers in Regional Science, Wiley Blackwell, vol. 87(2), pages 277-303, June.
    13. Keuschnigg, Christian & Nielsen, Soren Bo, 1994. "Housing Markets and Vacant Land," Economics Series 1, Institute for Advanced Studies.
    14. Lin, C.-C.Chu-Chia & Mai, Chao-Cheng & Wang, Ping, 2004. "Urban land policy and housing in an endogenously growing monocentric city," Regional Science and Urban Economics, Elsevier, vol. 34(3), pages 241-261, May.
    15. Shin‐Kun Peng & Ping Wang, 2009. "A Normative Analysis of Housing‐Related Tax Policy in a General Equilibrium Model of Housing Quality and Prices," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(5), pages 667-696, October.
    16. Geoffrey Meen & Kenneth Gibb & Daniel Mackay & Michael White, 2001. "On The Interrelationship Between Housing and Industrial Construction," ERES eres2001_232, European Real Estate Society (ERES).

  123. Turnovsky, Stephen J, 1993. "Macroeconomic Policies, Growth, and Welfare in a Stochastic Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(4), pages 953-981, November.

    Cited by:

    1. Clemens, Christiane & Soretz, Susanne, 1999. "Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum," Hannover Economic Papers (HEP) dp-221, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    2. Patrick K. Asea & Stephen J. Turnovsky, 1997. "Capital Income Taxation and Risk-Taking in a Small Open Economy," NBER Working Papers 6189, National Bureau of Economic Research, Inc.
    3. Clemens, Christiane, 1999. "Income Taxation, Government Expenditure, and Long-Run Stochastic Growth," Hannover Economic Papers (HEP) dp-220, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    4. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
    5. Razo-De-Anda, Jorge Omar & Cruz-Aké, Salvador & Venegas-Martínez, Francisco, 2022. "¿Can the stock market boost economic growth? evidence from the Mexican real estate investment trust (REIT)," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 17(36), pages 9-32, Primer se.
    6. Walde, Klaus, 1999. "Optimal Saving under Poisson Uncertainty," Journal of Economic Theory, Elsevier, vol. 87(1), pages 194-217, July.
    7. Olaf Posch, 2010. "Risk Premia in General Equilibrium," CESifo Working Paper Series 3131, CESifo.
    8. Bianconi, Marcelo, 1995. "Inflation and the real price of equities: Theory with some empirical evidence," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 495-514.
    9. K Blackburn & A Pelloni, 2001. "On the Relationship Between Growth and Volatility in Learning-by-Doing Economies," Centre for Growth and Business Cycle Research Discussion Paper Series 01, Economics, The University of Manchester.
    10. Liutang Gong & Heng-fu Zou, 2011. "Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence," CEMA Working Papers 494, China Economics and Management Academy, Central University of Finance and Economics.
    11. Isela Téllez-León. & Francisco Venegas-Martínez. & Abigail Rodríguez-Nava., 2011. "Inflation Volatility and Growth in a Stochastic Small Open Economy: A Mixed Jump-Diffusion Approach," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 35(2), pages 131-156, Julio-Dic.
    12. Gokan, Yoichi, 2008. "Infrastructure, alternative government finance and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 321-347, February.
    13. Heng-fu Zou, 2012. "A Naive Model on the Rise and Decline of Nations and Powers," CEMA Working Papers 557, China Economics and Management Academy, Central University of Finance and Economics.
    14. Gokan, Yoichi, 2002. "Alternative government financing and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 681-706, April.
    15. Liutang Gong & Yulei Luo & Heng-fu Zou, 2009. "Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies," CEMA Working Papers 372, China Economics and Management Academy, Central University of Finance and Economics.
    16. Turnovsky, Stephen J., 1996. "Optimal tax, debt, and expenditure policies in a growing economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 21-44, April.
    17. Soretz, Susanne, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Hannover Economic Papers (HEP) dp-259, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    18. Rivas-Aceves, Salvador, 2013. "El sector público y el cambio tecnológico [The public sector and technological change]," MPRA Paper 58267, University Library of Munich, Germany, revised 2013.
    19. Sailesh K. Jha & Ping, Wang & Chong K. Yip, 1998. "Dynamics in Transaction-Based Monetary Growth Model," Departmental Working Papers _098, Chinese University of Hong Kong, Department of Economics.
    20. Christian Bayer & Klaus Waelde, 2011. "Existence, Uniqueness and Stability of Invariant Distributions in Continuous-Time Stochastic Models," Working Papers 1111, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 21 Jul 2011.
    21. Ftiti, Zied, 2010. "The macroeconomic performance of the inflation targeting policy: An approach based on the evolutionary co-spectral analysis (extension for the case of a multivariate process)," Economic Modelling, Elsevier, vol. 27(1), pages 468-476, January.
    22. Harada, Tsutomu, 2010. "Path-dependent economic progress and regress: The negative role of subsidies in economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 21(3), pages 197-205, August.
    23. Wälde, Klaus, 1999. "A Poisson-Ramsey growth model: Creative destruction, endogenous cycles and growth," Technical Reports 1999,32, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
    24. Ott, Ingrid & Soretz, Susanne, 2002. "Optimal Taxation in a Stochastic Endogenous Growth Model with Congestion," Hannover Economic Papers (HEP) dp-253, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    25. Kim, Se-Jik, 1998. "Growth effect of taxes in an endogenous growth model: to what extent do taxes affect economic growth?," Journal of Economic Dynamics and Control, Elsevier, vol. 23(1), pages 125-158, September.
    26. Smith, William T., 1999. "Risk, the Spirit of Capitalism and Growth: The Implications of a Preference for Capital," Journal of Macroeconomics, Elsevier, vol. 21(2), pages 241-262, April.
    27. Liutang Gong & Heng-fu Zou, 2001. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," CEMA Working Papers 53, China Economics and Management Academy, Central University of Finance and Economics.
    28. Olaf Posch & Timo Trimborn, 2011. "Numerical Solution of Dynamic Equilibrium Models under Poisson Uncertainty," CESifo Working Paper Series 3431, CESifo.
    29. Susanne Soretz, 2007. "Efficient Dynamic Pollution Taxation in an Uncertain Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 57-84, January.
    30. D Varvarigos, 2004. "Non-neutrality and Uncertainty in a Model of Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 41, Economics, The University of Manchester.
    31. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.
    32. Corsetti, Giancarlo, 1997. "A portfolio approach to endogenous growth: equilibrium and optimal policy," Journal of Economic Dynamics and Control, Elsevier, vol. 21(10), pages 1627-1644, August.
    33. Miao, Jianjun & Xie, Danyang, 2013. "Economic growth under money illusion," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 84-103.
    34. Evans, Lynne & Kenc, Turalay, 2004. "FOREX risk premia and policy uncertainty: a recursive utility analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(1), pages 1-24, February.
    35. Evans, Lynne & Kenc, Turalay, 2003. "Welfare Cost Of Monetary And Fiscal Policy Shocks," Macroeconomic Dynamics, Cambridge University Press, vol. 7(2), pages 212-238, April.
    36. Dibooglu, Sel & Kenc, Turalay, 2009. "Welfare cost of inflation in a stochastic balanced growth model," Economic Modelling, Elsevier, vol. 26(3), pages 650-658, May.
    37. Clemens, Christiane & Soretz, Susanne, 1997. "Welfare Effects of Income Taxation in a Model of Stochastic Growth," Hannover Economic Papers (HEP) dp-210, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    38. Smith, William T., 1996. "Taxes, uncertainty, and long-term growth," European Economic Review, Elsevier, vol. 40(8), pages 1647-1664, November.
    39. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo.
    40. Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
    41. Kwamie Dunbar, 2009. "Stochastic Business Cycle Volatilities, Capital Accumulation and Economic Growth: Lessons from the Global Credit Market Crisis," Working papers 2009-36, University of Connecticut, Department of Economics.
    42. Gong, Liutang & Zou, Heng-fu, 2012. "Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism," MPRA Paper 37426, University Library of Munich, Germany.
    43. Clemens, Christiane & Soretz, Susanne, 2004. "Optimal fiscal policy, uncertainty, and growth," Journal of Macroeconomics, Elsevier, vol. 26(4), pages 679-697, December.
    44. Hernández-Bautista, Oscar Iván & Venegas-Martínez, Francisco, 2023. "Efecto del gasto en seguridad en Bienestar y crecimiento económicos en México: Una perspectiva de optimización dinámica [Effect of security spending on welfare and economic growth in Mexico: a dyna," MPRA Paper 117145, University Library of Munich, Germany.
    45. Clemens, Christiane & Heinemann, Maik, 2015. "Endogenous growth and wealth inequality under incomplete markets and idiosyncratic risk," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 300-317.

  124. Grinols, Earl L. & Turnovsky, Stephen J., 1993. "Risk, the financial market, and macroeconomic equilibrium," Journal of Economic Dynamics and Control, Elsevier, vol. 17(1-2), pages 1-36.
    See citations under working paper version above.
  125. Brock, Philip L & Turnovsky, Stephen J, 1993. "The Growth and Welfare Consequences of Differential Tariffs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(4), pages 765-794, November.

    Cited by:

    1. Petrucci, Alberto, 2006. "Wealth Accumulation and Growth in a Specific-Factors Model of Trade and Finance," Economics & Statistics Discussion Papers esdp06029, University of Molise, Department of Economics.
    2. Osang, Thomas & Pereira, Alfredo, 1996. "Import tariffs and growth in a small open economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 45-71, April.
    3. Partha Sen & Koji Shimomura, 2016. "Convergence and Overtaking in a Dynamic Two Country Model," CESifo Working Paper Series 6027, CESifo.
    4. Fidel Pérez Sebastián & María Dolores Guilló Fuentes, 2003. "The Curse And Blessing Of Fixed Specific Factors In Small-Open Economies," Working Papers. Serie AD 2003-36, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    5. Yano, Makoto & Honryo, Takakazu, 2010. "Trade imbalances and harmonization of competition policies," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 438-452, July.
    6. Ligthart, J.E. & van der Meijden, G.C., 2011. "The Dynamics of Revenue-Neutral Trade Liberalization," Other publications TiSEM 1d95686d-f518-4a0e-aad6-3, Tilburg University, School of Economics and Management.
    7. Bye, Brita, 2002. "Taxation, Unemployment, and Growth: Dynamic Welfare Effects of "Green" Policies," Journal of Environmental Economics and Management, Elsevier, vol. 43(1), pages 1-19, January.
    8. Jenny Ligthart & Gerard C. van der Meijden, 2010. "Coordinated Tax-Tari Reforms, Informality, and Welfare Distribution," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1029, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    9. Hwang, Yu-Ning & Turnovsky, Stephen J., 2013. "Exchange rate pass-through and the effects of tariffs on economic performance and welfare," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 81-102.
    10. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.
    11. Willenbockel, Dirk, 1999. "Dynamic applied general equilibrium trade policy analysis in the presence of foreign asset cross-ownership," Economic Modelling, Elsevier, vol. 16(3), pages 371-388, August.
    12. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    13. John Fender & Chong K. Yip, 1998. "Tariffs and Exchange Rate Dynamics Redux," Departmental Working Papers _105, Chinese University of Hong Kong, Department of Economics.
    14. Kazuhiro YUKI, 2007. "Determinants Of Sectoral Composition In A Small Open Economy: Theoretical And Quantitative Investigations Of The Philippines," The Developing Economies, Institute of Developing Economies, vol. 45(4), pages 391-436, December.
    15. Dinopoulos, Elias & Segerstrom, Paul, 1999. "The dynamic effects of contingent tariffs," Journal of International Economics, Elsevier, vol. 47(1), pages 191-222, February.
    16. Turnovsky, Stephen J. & Rojas-Vallejos, Jorge, 2018. "The distributional consequences of trade liberalization: Consumption tariff versus investment tariff reduction," Journal of Development Economics, Elsevier, vol. 134(C), pages 392-415.
    17. Turnovsky, Stephen J., 1996. "Fiscal policy, growth, and macroeconomic performance in a small open economy," Journal of International Economics, Elsevier, vol. 40(1-2), pages 41-66, February.
    18. Dinopoulos, Elias & Syropoulos, Constantinos, 1997. "Tariffs and Schumpeterian growth," Journal of International Economics, Elsevier, vol. 42(3-4), pages 425-452, May.

  126. Turnovsky, Stephen J., 1993. "The impact of terms of trade shocks on a small open economy: A stochastic analysis," Journal of International Money and Finance, Elsevier, vol. 12(3), pages 278-297, June.
    See citations under working paper version above.
  127. Fisher, Walter H & Turnovsky, Stephen J, 1992. "Fiscal Policy and the Term Structure of Interest Rates: An Intertemporal Optimizing Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(1), pages 1-26, February.
    See citations under working paper version above.
  128. Stephen J. Turnovsky, 1992. "Exchange rate management: a partial review," Proceedings, Federal Reserve Bank of San Francisco, pages 99-137.

    Cited by:

    1. Agnès Bénassy-Quéré, 1996. "Potentialities and Opportunities of the Euro as an International Currency," Working Papers 1996-09, CEPII research center.
    2. Agnès Bénassy-Quéré, 1996. "Exchange Rate Regimes and Policies in Asia," Working Papers 1996-07, CEPII research center.
    3. Ben R. Craig & Owen F. Humpage, 2001. "Sterilized intervention, nonsterilized intervention, and monetary policy," Working Papers (Old Series) 0110, Federal Reserve Bank of Cleveland.
    4. Milo, Melanie S., 1999. "Contagion Effects of the Asian Crisis, Policy Responses and Their Implications," Discussion Papers DP 1999-32, Philippine Institute for Development Studies.

  129. Turnovsky, Stephen J & Bianconi, Marcelo, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," Review of International Economics, Wiley Blackwell, vol. 1(1), pages 49-72, November.
    See citations under working paper version above.
  130. Turnovsky, Stephen J., 1991. "Tariffs and sectoral adjustments in an open economy," Journal of Economic Dynamics and Control, Elsevier, vol. 15(1), pages 53-89.
    See citations under working paper version above.
  131. Turnovsky, Stephen J, 1991. "The Next Hundred Years," Economic Journal, Royal Economic Society, vol. 101(404), pages 142-148, January.

    Cited by:

    1. D. P. O'Brien, 1992. "Economists and Data," British Journal of Industrial Relations, London School of Economics, vol. 30(2), pages 253-285, June.

  132. Turnovsky, Stephen J, 1991. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies: Reply," American Economic Review, American Economic Association, vol. 81(5), pages 1443-1445, December.

    Cited by:

    1. Reinhard Neck & Engelbert Dockner, 1995. "Commitment and coordination in a dynamic game model of international economic policy-making," Open Economies Review, Springer, vol. 6(1), pages 5-28, January.

  133. Turnovsky, Stephen J & Sen, Partha, 1991. "Fiscal Policy, Capital Accumulation, and Debt in an Open Economy," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 1-24, January.
    See citations under working paper version above.
  134. Jagdeep S. Bhandari & Nadeem Ul Haque & Stephen J. Turnovsky, 1990. "Growth, External Debt, and Sovereign Risk in a Small Open Economy," IMF Staff Papers, Palgrave Macmillan, vol. 37(2), pages 388-417, June.

    Cited by:

    1. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    2. von Gaessler, Anne Edle & Ziesemer, Thomas, 2016. "Optimal education in times of ageing: The dependency ratio in the Uzawa–Lucas growth model," The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 125-142.
    3. Annicchiarico, Barbara & Piergallini, Alessandro, 2009. "Country-Specific Risk Premium, Taylor Rules, and Exchange Rates," MPRA Paper 13553, University Library of Munich, Germany.
    4. Joshua Aizenman & Stephen J. Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," NBER Working Papers 7004, National Bureau of Economic Research, Inc.
    5. Rómulo A. Chumacero, 2019. "Skills versus Luck: Bolivia and its recent Bonanza," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-27, December.
    6. Hyeon‐Seung Huh & Tadashi Inoue & Hyun‐Hoon Lee, 2010. "Optimal Foreign Borrowing Revisited," The Japanese Economic Review, Japanese Economic Association, vol. 61(3), pages 367-381, September.
    7. Willem Vanlaer & Wim Marneffe & Lode Vereeck & Johan Vanovertveldt, 2015. "Does debt predict growth? An empirical analysis of the relationship between total debt and economic output," European Journal of Government and Economics, Europa Grande, vol. 4(2), pages 79-103, December.
    8. Escudé, Guillermo J., 2012. "A DSGE model for a SOE with Systematic Interest and Foreign Exchange policies in which policymakers exploit the risk premium for stabilization purposes," Dynare Working Papers 15, CEPREMAP.
    9. Carlos Gustavo Machicado & Paúl Estrada, 2012. "Fiscal policy and economic growth: a simulation analysis for Bolivia," Analítika, Analítika - Revista de Análisis Estadístico/Journal of Statistical Analysis, vol. 4(2), pages 57-79, Diciembre.
    10. Jing Cheng & Meixing Dai & Frédéric Dufourt, 2014. "Banking and Sovereign Debt Crises in a Monetary Union Without Central Bank Intervention," AMSE Working Papers 1428, Aix-Marseille School of Economics, France, revised Jun 2014.
    11. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    12. Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Discussion Papers in Economics at the University of Washington 0031, Department of Economics at the University of Washington.
    13. Weder, Mark, 2001. "Indeterminacy in a Small Open Economy Ramsey Growth Model," Journal of Economic Theory, Elsevier, vol. 98(2), pages 339-356, June.
    14. Devarajan, Shantayanan & Go, Delfin S. & Robinson, Sherman & Thierfelder, Karen, 2011. "Aid, Growth, and Real Exchange Rate Dynamics," Conference papers 332129, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Eicher Theo S. & Turnovsky Stephen J. & Walz Uwe, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, De Gruyter, vol. 1(1), pages 19-42, February.
    16. Semmler, Willi & Wohrmann, Peter, 2004. "Credit risk and sustainable debt: a model and estimations of why the Euro is stable in the long-run," Economic Modelling, Elsevier, vol. 21(6), pages 1145-1160, December.
    17. Belloc, Marianna & Federici, Daniela, 2010. "A two-country NATREX model for the euro/dollar," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 315-335, March.
    18. Chatterjee, Santanu & Sakoulis, Georgios & Turnovsky, Stephen J., 2003. "Unilateral capital transfers, public investment, and economic growth," European Economic Review, Elsevier, vol. 47(6), pages 1077-1103, December.
    19. Osang, Thomas & Turnovsky, Stephen J., 2000. "Differential tariffs, growth, and welfare in a small open economy," Journal of Development Economics, Elsevier, vol. 62(2), pages 315-342, August.
    20. Vitaly Orlov, 2018. "Solvency Risk Premia and the Carry Trades," Working Papers on Finance 1802, University of St. Gallen, School of Finance.
    21. Piergallini, Alessandro, 2015. "External Debt and Stabilizing Macroeconomic Policies," MPRA Paper 89272, University Library of Munich, Germany.
    22. Özbilgin, H. Murat, 2010. "Financial market participation and the developing country business cycle," Journal of Development Economics, Elsevier, vol. 92(2), pages 125-137, July.
    23. Eicher, Theo S. & Schubert, Stefan F. & Turnovsky, Stephen J., 2008. "Dynamic effects of terms of trade shocks: The impact on debt and growth," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 876-896, October.
    24. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    25. Willi Semmler, 2011. "Asset Prices, Booms and Recessions," Springer Books, Springer, number 978-3-642-20680-1, June.
    26. Sarajevs, Vadims, 1999. "Macroeconomic model of transition economy: A stochastic calculus approach," BOFIT Discussion Papers 7/1999, Bank of Finland Institute for Emerging Economies (BOFIT).
    27. Nyambuu, Unurjargal & Semmler, Willi, 2017. "Emerging markets’ resource booms and busts, borrowing risk and regime change," Structural Change and Economic Dynamics, Elsevier, vol. 41(C), pages 29-42.
    28. Fisher, Walter H., 1995. "An optimizing analysis of the effects of world interest disturbances on the open economy term structure of interest rates," Journal of International Money and Finance, Elsevier, vol. 14(1), pages 105-126, February.
    29. Fisher, Walter H., 2004. "Imports, Status Preference, and Foreign Borrowing," Economics Series 161, Institute for Advanced Studies.
    30. Santanu Chatterjee & Stephen Turnovsky, 2002. "Substitutability of Capital, Investment Costs, and Foreign Aid," Working Papers UWEC-2002-08-P, University of Washington, Department of Economics, revised Nov 2002.
    31. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.
    32. Assibey-Yeboah, Mark & Mohsin, Mohammed, 2014. "The real effects of inflation in a developing economy with external debt and sovereign risk," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 40-55.
    33. Dai, Meixing, 1992. "Growth, External Debt Constraints and Budgetary Policies," MPRA Paper 14001, University Library of Munich, Germany.
    34. Fujiki, Hiroshi & Watanabe, Kiyoshi, 2003. "Effects of External Debt on Domestic Resource Allocation in a Small Open Economy with Limited Access to the World Capital Market," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 21(4), pages 21-56, December.
    35. Agenor, Pierre-Richard & Santaella, Julio A., 1998. "Efficiency wages, disinflation and labor mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 22(2), pages 267-291, February.
    36. Romulo Chumacero & Rodrigo Fuentes, 2004. "Chile's Free Trade Deals with the EU and the US: A Big Deal?," Econometric Society 2004 Far Eastern Meetings 661, Econometric Society.
    37. Rómulo A. Chumacero & Rodrigo Fuentes & Klaus Schmidt-Hebbel, 2004. "Chile’s Free Trade Agreements: How Big is The Deal?," Working Papers Central Bank of Chile 264, Central Bank of Chile.
    38. Semmler, Willi & Sieveking, Malte, 2000. "Critical debt and debt dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 24(5-7), pages 1121-1144, June.

  135. Turnovsky, Stephen J., 1990. "The effects of taxes and dividend policy on capital accumulation and macroeconomic behavior," Journal of Economic Dynamics and Control, Elsevier, vol. 14(3-4), pages 491-521, October.
    See citations under working paper version above.
  136. Sen, Partha & Turnovsky, Stephen J., 1990. "Investment tax credit in an open economy," Journal of Public Economics, Elsevier, vol. 42(3), pages 277-299, August.
    See citations under working paper version above.
  137. Turnovsky, Stephen J. & d'Orey, Vasco, 1989. "The choice of monetary instrument in two interdependent economies under uncertainty," Journal of Monetary Economics, Elsevier, vol. 23(1), pages 121-133, January.
    See citations under working paper version above.
  138. Sen, Partha & Turnovsky, Stephen J, 1989. "Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 811-831, November.
    See citations under working paper version above.
  139. Turnovsky, Stephen J, 1989. "The Term Structure of Interest Rates and the Effects of Macroeconomic Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 21(3), pages 321-347, August.
    See citations under working paper version above.
  140. Sen, Partha & Turnovsky, Stephen J., 1989. "Deterioration of the terms of trade and capital accumulation: A re-examination of the Laursen-Metzler effect," Journal of International Economics, Elsevier, vol. 26(3-4), pages 227-250, May.
    See citations under working paper version above.
  141. Turnovsky, Stephen J & Basar, Tamer & d'Orey, Vasco, 1988. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies," American Economic Review, American Economic Association, vol. 78(3), pages 341-361, June.
    See citations under working paper version above.
  142. Turnovsky, Stephen J., 1988. "The gains from fiscal cooperation in the two-commodity real trade model," Journal of International Economics, Elsevier, vol. 25(1-2), pages 111-127, August.
    See citations under working paper version above.
  143. Turnovsky, Stephen J., 1987. "Optimal monetary growth with accommodating fiscal policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 6(2), pages 179-193, June.
    See citations under working paper version above.
  144. Turnovsky, Stephen J, 1987. "Supply Shocks and Optimal Monetary Policy," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 20-37, March.
    See citations under working paper version above.
  145. Turnovsky, Stephen J, 1987. "Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 707-730, October.
    See citations under working paper version above.
  146. Turnovsky, Stephen J & Wohar, Mark E, 1987. "Alternative Modes of Deficit Financing and Endogeneous Monetary and Fiscal Policy in the U.S.A. 1923-1982," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 2(1), pages 1-25, January.

    Cited by:

    1. Arora, Harjit K. & Smyth, David J., 1995. "Presidential regimes and the federal reserve's accommodation of federal budget deficits," The North American Journal of Economics and Finance, Elsevier, vol. 6(1), pages 53-63.

  147. Turnovsky, Stephen J, 1987. "Optimal Monetary Policy and Wage Indexation under Alternative Disturbances and Information Structures," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 19(2), pages 157-180, May.
    See citations under working paper version above.
  148. Turnovsky, Stephen J., 1986. "Optimal tariffs in consistent conjectural variations equilibrium," Journal of International Economics, Elsevier, vol. 21(3-4), pages 301-312, November.
    See citations under working paper version above.
  149. Turnovsky, Stephen J & d'Orey, Vasco, 1986. "Monetary Policies in Interdependent Economies with Stochastic Disturbances: A Strategic Approach," Economic Journal, Royal Economic Society, vol. 96(383), pages 696-721, September.
    See citations under working paper version above.
  150. Basar, Tamer & Turnovsky, Stephen J. & D'orey, Vasco, 1986. "Optimal strategic monetary policies in dynamic interdependent economies A summary paper," Journal of Economic Dynamics and Control, Elsevier, vol. 10(1-2), pages 15-19, June.

    Cited by:

    1. Turnovsky, Stephen J & Basar, Tamer & d'Orey, Vasco, 1988. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies," American Economic Review, American Economic Association, vol. 78(3), pages 341-361, June.
    2. Jean-Marie, Alain & Tidball, Mabel, 2006. "Adapting behaviors through a learning process," Journal of Economic Behavior & Organization, Elsevier, vol. 60(3), pages 399-422, July.

  151. Turnovsky, Stephen J., 1986. "Short-term and long-term interest rates in a monetary model of a small open economy," Journal of International Economics, Elsevier, vol. 20(3-4), pages 291-311, May.
    See citations under working paper version above.
  152. Richard C. Marston & Stephen J. Turnovsky, 1985. "Imported Materials Prices, Wage Policy, and Macro-economic Stabilization," Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 273-284, May.
    See citations under working paper version above.
  153. Turnovsky, Stephen J., 1985. "Domestic and foreign disturbances in an optimizing model of exchange-rate determination," Journal of International Money and Finance, Elsevier, vol. 4(1), pages 151-171, March.
    See citations under working paper version above.
  154. Turnovsky, Stephen J & Campbell, Robert B, 1985. "The Stabilizing and Welfare Properties of Futures Markets: A Simulation Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(2), pages 277-303, June.

    Cited by:

    1. Paul H. Kupiec, 1997. "Margin requirements, volatility, and market integrity: what have we learned since the crash?," Finance and Economics Discussion Series 1997-22, Board of Governors of the Federal Reserve System (U.S.).
    2. Lence, Sergio H., 2002. "Do Futures Benefit Farmers Who Adopt Them?," 2002 Annual meeting, July 28-31, Long Beach, CA 19768, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Patrick Artus & Claude Jessua, 1996. "La spéculation," Revue Économique, Programme National Persée, vol. 47(3), pages 409-424.
    4. Santos, Joseph, 2003. "Commodity futures contracts: Furnishing an elastic currency in the nineteenth century," Journal of Macroeconomics, Elsevier, vol. 25(4), pages 561-578, December.
    5. Patrick Artus, 1990. "Quand la création d'un marché à terme peut-elle déstabiliser le cours au comptant ?," Revue Économique, Programme National Persée, vol. 41(1), pages 71-94.
    6. Patrick Artus, 1996. "Création d'un marché à terme, nature des imperfections financières et stabilité du prix au comptant," Revue Économique, Programme National Persée, vol. 47(5), pages 1043-1062.
    7. Sergio H. Lence, 2009. "Do Futures Benefit Farmers?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(1), pages 154-167.
    8. Méndez Parra, Maximiliano, 2015. "Futures prices, trade and domestic supply of agricultural commodities," Economics PhD Theses 0115, Department of Economics, University of Sussex Business School.
    9. Dragan Miljkovic & Cole Goetz, 2020. "Destabilizing role of futures markets on North American hard red spring wheat spot prices," Agricultural Economics, International Association of Agricultural Economists, vol. 51(6), pages 887-897, November.
    10. Fabienne Féménia & Alexandre Gohin, 2010. "Faut-il une intervention publique pour stabiliser les marchés agricoles ? Revue des questions non résolues," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 91(4), pages 435-456.
    11. Campbell, Robert B. & Turnovsky, Stephen J., 1985. "An analysis of the stabilizing and welfare effects of intervention in spot and futures markets," Journal of Public Economics, Elsevier, vol. 28(2), pages 165-209, November.
    12. V. V. Chari & Ravi Jagannathan, 1990. "The simple analytics of commodity futures markets: do they stabilize prices? Do they raise welfare?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 4(Sum), pages 12-24.
    13. Heifner, Richard G. & Wright, Bruce H., 1989. "Potentials for Substituting Farmers' Use of Futures and Options for Farm Programs," Agricultural Economic Reports 308136, United States Department of Agriculture, Economic Research Service.
    14. Goetz, Cole & Miljkovic, Dragan & Barabanov, Nikita, 2021. "New empirical evidence in support of the theory of price volatility of storable commodities under rational expectations in spot and futures markets," Energy Economics, Elsevier, vol. 100(C).
    15. Chunlei Li & Gangyi Wang & Yuzhuo Shen & Anani Amètépé Nathanaël Beauclair, 2024. "The Effect of Hog Futures in Stabilizing Hog Production," Agriculture, MDPI, vol. 14(3), pages 1-16, February.
    16. Wagner, Helmut & Matanovic, Eva, 2012. "Volatility Impact of Stock Index Futures Trading - A Revised Analysis," MPRA Paper 51204, University Library of Munich, Germany.
    17. Ashish Kumar, 2015. "Impact of Currency Futures on Volatility in Exchange Rate," Paradigm, , vol. 19(1), pages 95-108, June.
    18. Kofman, Paul & Viaene, Jean-Marie, 2000. "The demise of commodity price agreements: the role of exchange rates and special interests," European Journal of Political Economy, Elsevier, vol. 16(4), pages 775-805, November.
    19. Zant, Wouter, 2001. "Hedging Price Risks of Farmers by Commodity Boards: A Simulation Applied to the Indian Natural Rubber Market," World Development, Elsevier, vol. 29(4), pages 691-710, April.
    20. Bartley R. Danielsen & Robert A. Van Ness & Richard S. Warr, 2009. "Single Stock Futures as a Substitute for Short Sales: Evidence from Microstructure Data," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 36(9‐10), pages 1273-1293, November.
    21. Miljkovic, Dragan & Goetz, Cole, 2020. "The effects of futures markets on oil spot price volatility in regional US markets," Applied Energy, Elsevier, vol. 273(C).

  155. Campbell, Robert B. & Turnovsky, Stephen J., 1985. "An analysis of the stabilizing and welfare effects of intervention in spot and futures markets," Journal of Public Economics, Elsevier, vol. 28(2), pages 165-209, November.
    See citations under working paper version above.
  156. Marston, Richard C. & Turnovsky, Stephen J., 1985. "Macroeconomic stabilization through taxation and indexation: The use of firm-specific information," Journal of Monetary Economics, Elsevier, vol. 16(3), pages 375-395, November.
    See citations under working paper version above.
  157. Jonathan Eaton & Stephen J. Turnovsky, 1984. "The Forward Exchange Market, Speculation, and Exchange Market Intervention," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(1), pages 45-69.
    See citations under working paper version above.
  158. Bhandari, Jagdeep S. & Turnovsky, Stephen J., 1984. "Materials price increases and aggregate adjustment in an open economy : A Stochastic Approach," European Economic Review, Elsevier, vol. 25(2), pages 151-182, July.

    Cited by:

    1. Clausen, Volker & Wohltmann, Hans-Werner, 2011. "Oil Price Shocks and Cyclical Dynamics in an Asymmetric Monetary Union," Ruhr Economic Papers 247, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    2. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    3. Clausen Volker & Wohltmann Hans-Werner, 2013. "Oil Price Dynamics and Monetary Policy in a Heterogeneous Monetary Union," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(2), pages 159-187, April.
    4. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Oil Price Shocks and Currency Denomination," Economics Working Papers 2005-10, Christian-Albrechts-University of Kiel, Department of Economics.
    5. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Dynamic Effects of Raw Materials Price Shocks for Large Oil-Dependent Economies," Economics Working Papers 2005-01, Christian-Albrechts-University of Kiel, Department of Economics.
    6. Winkler, Roland C. & Wohltmann, Hans-Werner, 2006. "Anticipated Raw Materials Price Shocks and Monetary Policy Response - A New Keynesian Approach," Economics Working Papers 2006-19, Christian-Albrechts-University of Kiel, Department of Economics.
    7. Wohltmann, Hans-Werner & Clausen, Volker, 2003. "Oil Price Shocks and Monetary Policy in an Asymmetric Monetary Union," Economics Working Papers 2003-11, Christian-Albrechts-University of Kiel, Department of Economics.
    8. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Monetary Policy Dynamics in Large Oil-Dependent Economies," Economics Working Papers 2005-17, Christian-Albrechts-University of Kiel, Department of Economics.

  159. Turnovsky, Stephen J & Miller, Marcus H, 1984. "The Effects of Government Expenditure on the Term Structure of Interest Rates," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(1), pages 16-33, February.

    Cited by:

    1. Bruno Ducoudré, 2005. "Fiscal policy and interest rates," Documents de Travail de l'OFCE 2005-08, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. Bradley Ewing & Mark Yanochik, 1999. "Budget deficits and the term structure of interest rates in Italy," Applied Economics Letters, Taylor & Francis Journals, vol. 6(3), pages 199-201.
    3. Drobyshevsky Sergey & Lugovoy Oleg & Astafieva Ekaterina & Burkova N. Yu., 2009. "Modeling the term structure of interest rates on Russian government bonds in 2000 – 2008," Research Paper Series, Gaidar Institute for Economic Policy, issue 130P.
    4. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash‐in‐advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(2), pages 336-352, May.
    5. Benegas, Mauricio & Marinho, Emerson, 2020. "Constant real expenditure policy: the macroeconomic impacts of budget composition and a primary surplus," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    6. Turnovsky, S.J., 1989. "The Term Structure Of Interest Rates And The Effets Of Macroeconomics Policy," Working Papers 89-03, University of Washington, Department of Economics.
    7. Cebula, Richard, 1990. "A Note on Federal Budget Deficits and the Term Structure of Real Interest Rates in the United States," MPRA Paper 50238, University Library of Munich, Germany.
    8. Shigeto Kitano, 2009. "Nominal debt and inflation stabilization," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(4), pages 409-422, December.
    9. Walter Fisher, 2000. "The Term Structure of Interest Rates in a Small Open Economy: A Stochastic Analysis," Open Economies Review, Springer, vol. 11(3), pages 261-278, July.
    10. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash-in-advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics, Canadian Economics Association, vol. 37(2), pages 336-352, May.
    11. Stephen J. Turnovsky, 1985. "Short-Term and Long-Term Interest Rates in a Monetary Model of a Small Open Economy," NBER Working Papers 1716, National Bureau of Economic Research, Inc.

  160. Turnovsky, Stephen J & Wohar, Mark E, 1984. "Monetarism and the Aggregate Economy: Some Longer-Run Evidence," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 619-629, November.

    Cited by:

    1. Eltejaei , Ebrahim & Montazeri Shoorekchali , Jalal, 2021. "Investigating the Relationship between Money Growth and Inflation in Turkey: A Nonlinear Causality Approach," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(3), pages 305-322, September.
    2. Victor Pinga & Gerald Nelson, 2001. "Money, prices and causality: monetarist versus structuralist explanations using pooled country evidence," Applied Economics, Taylor & Francis Journals, vol. 33(10), pages 1271-1281.
    3. Stephen J. Turnovsky, 1987. "Alternative Modes of Deficit Financing and Endogenous Monetary and Fiscal Policy 1923-1982," NBER Working Papers 2123, National Bureau of Economic Research, Inc.
    4. Akhtar Hossain, 1990. "The Monetarist versus the Neo-Keynesian Views on the Acceleration of Inflation: Some Evidence from South Asian Countries (with Special Emphasis on Pakistan)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 29(1), pages 19-32.
    5. Gemechu, Kumadebis Tamiru, 2019. "Capital Flight and Fiscal Policy in Developing Countries: Evidence from Ethiopia," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 28(02), October.
    6. Maganya, Mnaku H. & Ndanshau, Michael O. A., 2020. "Money and Output in Tanzania: A Test for Causality," African Journal of Economic Review, African Journal of Economic Review, vol. 8(2), July.
    7. Quentin Giai Gianetto & Hamdi Raïssi, 2015. "Testing Instantaneous Causality in Presence of Nonconstant Unconditional Covariance," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 33(1), pages 46-53, January.
    8. JONATHAN D. JONES & NASIR M. KHIUl, 1988. "Money Growth, Inflation, and Causality (EmpiricalEvidence for Pakistan, 1973-1985)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(1), pages 45-58.
    9. Tang, Chor Foon, 2008. "Is inflation always a monetary phenomenon in Malaysia?," MPRA Paper 19778, University Library of Munich, Germany.
    10. Chor Foon Tang & Ilhan Ozturk, 2017. "Can Inflation be Claimed as a Monetary Phenomenon? The Malaysian Experience," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 453-460.
    11. Gebrekirstos, Kibrom & Gebreegziabher, Zenebe, 2019. "Inflation and Money Growth in Ethiopia: Is there a Threshold Effect?," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 28(02), October.

  161. Turnovsky, Stephen J., 1984. "Exchange market intervention under alternative forms of exogenous disturbances," Journal of International Economics, Elsevier, vol. 17(3-4), pages 279-297, November.
    See citations under working paper version above.
  162. Corden, W. Max & Turnovsky, Stephen J., 1983. "Negative international transmission of economic expansion," European Economic Review, Elsevier, vol. 20(1-3), pages 289-310, January.

    Cited by:

    1. Rod Tyers, 2013. "International Effects of China's Rise and Transition: Neoclassical and Keynesian Perspectives," CAMA Working Papers 2013-44, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1992. "Stabilization policy in multi-country models," Discussion Papers, Series II 170, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1992. "International transmission of economic shocks: The case of mixed exchange rates in a three-country world," Discussion Papers, Series II 178, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    4. de Groof, R.J. & van Tuijl, M.A., 1991. "Financial integration and fiscal policy in interdependent two-sector economies with real and nominal wage rigidity," Other publications TiSEM 2661ef6d-dfec-4cfd-891b-9, Tilburg University, School of Economics and Management.
    5. Sundararajan, Srinivasa, 1994. "The transmission of correlated shocks under mixed exchange rates," Discussion Papers, Series II 245, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    6. de Groof, R.J. & van Tuijl, M.A., 1991. "Financial integration and fiscal policy in interdependent two-sector economies with real and nominal wage rigidity," Research Memorandum FEW 526, Tilburg University, School of Economics and Management.
    7. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1994. "The international transmission of economic shocks in a three-country world under mixed exchange rates," Discussion Papers, Series II 216, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    8. W. Max Corden, 1985. "On Transmission and Coordination Under Flexible Exchange Rates," NBER Chapters, in: International Economic Policy Coordination, pages 8-36, National Bureau of Economic Research, Inc.
    9. Faik Koray & K. Peren Arin, 2006. "International Transmission of Fiscal Shocks: An Empirical Investigation," Departmental Working Papers 2006-03, Department of Economics, Louisiana State University.

  163. Nguyen, Duc-Tho & Turnovsky, Stephen J., 1983. "The dynamic effects of fiscal and monetary policies under bond financing : A theoretical simulation approach to crowding out," Journal of Monetary Economics, Elsevier, vol. 11(1), pages 45-71.

    Cited by:

    1. N. Groenewold & A.J. Hagger, 2008. "Regional Unemployment Disparities: An Evaluation Of Policy Measures," Australian Economic Papers, Wiley Blackwell, vol. 47(4), pages 355-375, December.

  164. Turnovsky, Stephen J, 1983. "The Determination of Spot and Futures Prices with Storable Commodities," Econometrica, Econometric Society, vol. 51(5), pages 1363-1387, September.

    Cited by:

    1. Bohl, Martin T. & Diesteldorf, Jeanne & Siklos, Pierre L., 2015. "The effect of index futures trading on volatility: Three markets for Chinese stocks," China Economic Review, Elsevier, vol. 34(C), pages 207-224.
    2. John Baffes & Cristina Savescu, 2014. "Monetary conditions and metal prices," Applied Economics Letters, Taylor & Francis Journals, vol. 21(7), pages 447-452, May.
    3. Xiaojie Xu, 2017. "Short-run price forecast performance of individual and composite models for 496 corn cash markets," Journal of Applied Statistics, Taylor & Francis Journals, vol. 44(14), pages 2593-2620, October.
    4. Mihaela Nicolau, 2012. "Do Spot Prices Move towards Futures Prices? A study on Crude Oil Market," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 166-176, October.
    5. Lence, Sergio H., 2002. "Do Futures Benefit Farmers Who Adopt Them?," 2002 Annual meeting, July 28-31, Long Beach, CA 19768, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Hervé Ott, 2014. "Extent and possible causes of intrayear agricultural commodity price volatility," Agricultural Economics, International Association of Agricultural Economists, vol. 45(2), pages 225-252, March.
    7. Holmberg, Par & Willems, Bert, 2015. "Relaxing competition through speculation : Committing to a negative supply slope," Other publications TiSEM e39e21c0-d1d3-495e-83c5-b, Tilburg University, School of Economics and Management.
    8. Karl E. Case & Robert J. Shiller & Allan N. Weiss, 1991. "Index-Based Futures and Options Markets in Real Estate," Cowles Foundation Discussion Papers 1006, Cowles Foundation for Research in Economics, Yale University.
    9. Dionne, Georges & Santugini, Marc, 2013. "Entry, imperfect competition, and futures market for the input," Working Papers 12-5, HEC Montreal, Canada Research Chair in Risk Management.
    10. Palm, F.C. & Vogelvang, E., 1986. "A short run econometric analysis of the international coffee market," Serie Research Memoranda 0013, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    11. Klumpp, Tilman, 2021. "Stockpiling and Shortages (the “Toilet Paper Paper")," Working Papers 2021-2, University of Alberta, Department of Economics.
    12. Jian Li & Jean‐Paul Chavas, 2023. "A dynamic analysis of the distribution of commodity futures and spot prices," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(1), pages 122-143, January.
    13. Robert S. Pindyck & Julio J. Rotemberg, 1988. "The Excess Co-Movement of Commodity Prices," NBER Working Papers 2671, National Bureau of Economic Research, Inc.
    14. Glauber, Joseph W. & Powers, Nicholas J., 1985. "Inventory and Hedging Decision-Making Under A Multi-Period Planning Horizon and Price Uncertainty," 1985 Annual Meeting, August 4-7, Ames, Iowa 278562, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Shafiqur Rahman & M. Shahid Ebrahim, 2005. "The Futures Pricing Puzzle," Computing in Economics and Finance 2005 35, Society for Computational Economics.
    16. Patrick Artus & Claude Jessua, 1996. "La spéculation," Revue Économique, Programme National Persée, vol. 47(3), pages 409-424.
    17. Ott, Herve, 2012. "Which factors drive which volatility in the grain sector?," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122486, European Association of Agricultural Economists.
    18. Stein, Jeremy C., 1987. "Informational Externalities and Welfare-Reducing Speculation," Scholarly Articles 3660740, Harvard University Department of Economics.
    19. Pagoulatos, Emilio & Azzam, Azzeddine & Kitazawa, Motoichiro, 1990. "An Econometric Analysis of the Forward Premium in the International Corn Market," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 17(3), pages 335-347.
    20. Lee, Sang-Hak & Yang, Seung-Ryong, 2000. "The Minimum Semi-Variance Hedge For Food Manufacturers In Korea," 2000 Annual meeting, July 30-August 2, Tampa, FL 21867, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    21. Santos, Joseph, 2003. "Commodity futures contracts: Furnishing an elastic currency in the nineteenth century," Journal of Macroeconomics, Elsevier, vol. 25(4), pages 561-578, December.
    22. Patrick Artus, 1990. "Quand la création d'un marché à terme peut-elle déstabiliser le cours au comptant ?," Revue Économique, Programme National Persée, vol. 41(1), pages 71-94.
    23. Gunther Capelle-Blancard & Dramane Coulibaly, 2011. "Index Trading and Agricultural Commodity Prices: A Panel Granger Causality Analysis," Working Papers 2011-28, CEPII research center.
    24. Patrick Artus, 1996. "Création d'un marché à terme, nature des imperfections financières et stabilité du prix au comptant," Revue Économique, Programme National Persée, vol. 47(5), pages 1043-1062.
    25. Sergio H. Lence, 2009. "Do Futures Benefit Farmers?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(1), pages 154-167.
    26. Pieroni, Luca & Ricciarelli, Matteo, 2008. "Modelling dynamic storage function in commodity markets: Theory and evidence," Economic Modelling, Elsevier, vol. 25(5), pages 1080-1092, September.
    27. Richard D. Farmer, 2006. "Risk-Smoothing Across Time and the Demand for Inventories: A Mean-Variance Approach," Eastern Economic Journal, Eastern Economic Association, vol. 32(4), pages 699-722, Fall.
    28. Lusheng Shao & Derui Wang & Xiaole Wu, 2022. "Competitive trading in forward and spot markets under yield uncertainty," Production and Operations Management, Production and Operations Management Society, vol. 31(9), pages 3400-3418, September.
    29. Dennis, Steven A. & Sim, Ah Boon, 1999. "Share price volatility with the introduction of individual share futures on the Sydney Futures Exchange," International Review of Financial Analysis, Elsevier, vol. 8(2), pages 153-163, June.
    30. R. Glenn Hubbard & Robert J. Weiner, 1991. "Long-Term Contracting and Multiple-Price Systems," NBER Working Papers 3782, National Bureau of Economic Research, Inc.
    31. Kim, Jae-Gyeong, 1993. "Futures markets in an open economy," ISU General Staff Papers 1993010108000011461, Iowa State University, Department of Economics.
    32. R. Glenn Hubbard & Robert J. Weiner, 1985. "Nominal Contracting and Price Flexibility in Product Markets," NBER Working Papers 1738, National Bureau of Economic Research, Inc.
    33. Méndez Parra, Maximiliano, 2015. "Futures prices, trade and domestic supply of agricultural commodities," Economics PhD Theses 0115, Department of Economics, University of Sussex Business School.
    34. Figuerola-Ferretti, Isabel & Gilbert, Christopher L., 2001. "Price variability and marketing method in non-ferrous metals: : Slade's analysis revisited," Resources Policy, Elsevier, vol. 27(3), pages 169-177, September.
    35. Hachmi Ben Ameur & Zied Ftiti & Waël Louhichi, 2022. "Revisiting the relationship between spot and futures markets: evidence from commodity markets and NARDL framework," Annals of Operations Research, Springer, vol. 313(1), pages 171-189, June.
    36. Palm, F.C. & Vogelvang, E., 1985. "An econometric analysis of the short-run demand for coffee," Serie Research Memoranda 0017, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    37. Gary Robinson, 1993. "The Effect of Futures Trading on Cash Market Volatility: Evidence from the London Stock Exchange," Bank of England working papers 19, Bank of England.
    38. Philip K. Verleger Jr., 2015. "Structure Matters: Oil Markets Enter the Adelman Era," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).
    39. Campbell, Robert B. & Turnovsky, Stephen J., 1985. "An analysis of the stabilizing and welfare effects of intervention in spot and futures markets," Journal of Public Economics, Elsevier, vol. 28(2), pages 165-209, November.
    40. Chen, Dean T. & Bessler, David A., 1988. "Impulse Responses and Intertemporal Pricing of Cotton," Staff Reports 257914, Texas A&M University, Agricultural and Food Policy Center.
    41. Arzu Uluc, 2018. "Stabilising House Prices: the Role of Housing Futures Trading," The Journal of Real Estate Finance and Economics, Springer, vol. 56(4), pages 587-621, May.
    42. Bozic, Marin, 2011. "Three essays in commodity futures and options price performance," Faculty and Alumni Dissertations 160678, University of Minnesota, Department of Applied Economics.
    43. V. V. Chari & Ravi Jagannathan, 1990. "The simple analytics of commodity futures markets: do they stabilize prices? Do they raise welfare?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 4(Sum), pages 12-24.
    44. Bassam Fattouh & Lavan Mahadeva, 2014. "Causes and Implications of Shifts in Financial Participation in Commodity Markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 34(8), pages 757-787, August.
    45. Francisco Arroyo Marioli, 2020. "Old crop versus new crop prices: Explaining the correlation," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(7), pages 1192-1208, July.
    46. Boum-Jong Choe, 1992. "The precautionary demand for commodity stocks," Policy Research Working Paper Series 935, The World Bank.
    47. John Ryter & Xinkai Fu & Karan Bhuwalka & Richard Roth & Elsa Olivetti, 2022. "Assessing recycling, displacement, and environmental impacts using an economics‐informed material system model," Journal of Industrial Ecology, Yale University, vol. 26(3), pages 1010-1024, June.
    48. Jahantigh , Forough & Rahmi Ghasemabadi , Mohammad & Jalali , Omolbanin, 2018. "The Impact of Monetary Policy Shock on the Price of Storable Goods: A Case Study of Food," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 13(4), pages 471-490, October.
    49. Bullock, David William, 1989. "Options and market information: a mean-variance portfolio approach," ISU General Staff Papers 1989010108000010107, Iowa State University, Department of Economics.
    50. Kofman, Paul & Viaene, Jean-Marie, 2000. "The demise of commodity price agreements: the role of exchange rates and special interests," European Journal of Political Economy, Elsevier, vol. 16(4), pages 775-805, November.
    51. Boum-Jong Choe, 1990. "Commodity price forecasts and futures prices," Policy Research Working Paper Series 436, The World Bank.
    52. Miao, Hong & Ramchander, Sanjay & Wang, Tianyang & Yang, Dongxiao, 2017. "Role of index futures on China's stock markets: Evidence from price discovery and volatility spillover," Pacific-Basin Finance Journal, Elsevier, vol. 44(C), pages 13-26.
    53. Zant, Wouter, 2001. "Hedging Price Risks of Farmers by Commodity Boards: A Simulation Applied to the Indian Natural Rubber Market," World Development, Elsevier, vol. 29(4), pages 691-710, April.
    54. Jacks, David S., 2007. "Populists versus theorists: Futures markets and the volatility of prices," Explorations in Economic History, Elsevier, vol. 44(2), pages 342-362, April.
    55. Jacopo Piana & Daniele Bianchi, 2017. "Expected Spot Prices and the Dynamics of Commodity Risk Premia," 2017 Meeting Papers 1149, Society for Economic Dynamics.
    56. Hernandez, Manuel & Torero, Maximo, 2010. "Examining the dynamic relationship between spot and future prices of agricultural commodities," IFPRI discussion papers 988, International Food Policy Research Institute (IFPRI).
    57. Philip K. Verleger Jr., 2015. "Structure Matters: Oil Markets Enter the Adelman Era," The Energy Journal, , vol. 36(1_suppl), pages 129-158, June.
    58. Christian Koziol & Tilo Treuter, 2019. "How do speculators in agricultural commodity markets impact production decisions and commodity prices? A theoretical analysis," European Financial Management, European Financial Management Association, vol. 25(3), pages 718-743, June.
    59. Frechette, Darren L., 2000. "Hedging With Futures And Options: A Demand Systems Approach," 2000 Conference, April 17-18 2000, Chicago, Illinois 18941, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.

  165. Stephen J. Turnovsky & Katrina M. Ball, 1983. "Covered Interest Parity and Speculative Efficiency: Some Empirical Evidence for Australia," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 271-280, September.

    Cited by:

    1. Felmingham, Bruce & Leong, SuSan, 2005. "Parity conditions and the efficiency of the Australian 90- and 180-day forward markets," Review of Financial Economics, Elsevier, vol. 14(2), pages 127-145.
    2. Bertrand BLANCHETON (CMHE-IFReDE-GRES) & Samuel MAVEYRAUD-TRICOIRE (Université Bordeaux IV), 2006. "The indicators of international financial integration: A set of convergent measures (In French)," Cahiers du GRES (2002-2009) 2006-13, Groupement de Recherches Economiques et Sociales.
    3. Bruce Felmingham & SuSan Leong, 2005. "Parity conditions and the efficiency of the Australian 90‐ and 180‐day forward markets," Review of Financial Economics, John Wiley & Sons, vol. 14(2), pages 127-145.
    4. P. Chong, 1987. "Does Interest Parity Hold for Australia?," Economics Discussion / Working Papers 87-03, The University of Western Australia, Department of Economics.
    5. S.P.G. Teo, 1990. "The Efficiency of the Australian Foreign Exchange Market," Economics Discussion / Working Papers 90-25, The University of Western Australia, Department of Economics.
    6. Warren J. Tease, 1988. "Speculative Efficiency and the Exchange Rate: Some Evidence Since the Float," The Economic Record, The Economic Society of Australia, vol. 64(1), pages 2-13, March.
    7. Arusha Cooray, 2003. "Financial integration: some evidence from Australia," Applied Economics Letters, Taylor & Francis Journals, vol. 10(15), pages 959-966.
    8. Lindsay I. Hogan, 1986. "A Comparison of Alternative Exchange Rate Forecasting Models," The Economic Record, The Economic Society of Australia, vol. 62(2), pages 215-223, June.
    9. Ian G. Sharpe, 1985. "Interest Parity, Monetary Policy and the Volatility of Australian Short‐Term Interest Rates: 1978–1982," The Economic Record, The Economic Society of Australia, vol. 61(1), pages 436-444, March.

  166. Stephen J. Turnovsky, 1983. "Wage Indexation and Exchange Market Interventions in a Small Open Economy," Canadian Journal of Economics, Canadian Economics Association, vol. 16(4), pages 574-592, November.
    See citations under working paper version above.
  167. Eaton, Jonathan & Turnovsky, Stephen J, 1983. "Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics," Economic Journal, Royal Economic Society, vol. 93(371), pages 555-575, September.
    See citations under working paper version above.
  168. Eaton, Jonathan & Turnovsky, Stephen J, 1983. "Exchange Risk, Political Risk, and Macroeconomic Equilibrium," American Economic Review, American Economic Association, vol. 73(1), pages 183-189, March.

    Cited by:

    1. Le, Quan Vu & Zak, Paul J., 2006. "Political risk and capital flight," Journal of International Money and Finance, Elsevier, vol. 25(2), pages 308-329, March.
    2. Peter B. Kenen, 1985. "Forward Rates, Interest Rates, and Expectations Under Alternative Exchange Rate Regimes," The Economic Record, The Economic Society of Australia, vol. 61(3), pages 654-666, September.
    3. Sonin, Konstantin & Goriaev, Alexei P., 2005. "Is Political Risk Company-Specific? The Market Side of the Yukos Affair," CEPR Discussion Papers 5076, C.E.P.R. Discussion Papers.
    4. Milan Nedeljkovic & Christian Saborowski, 2018. "The Relative Effectiveness of Spot and Derivatives Based Intervention," CESifo Working Paper Series 7127, CESifo.
    5. Hui-Kuan Tseng, 1998. "Exchange Rate Variability and Exchange Market Intervention: Spot vs. Forward," International Economic Journal, Taylor & Francis Journals, vol. 12(2), pages 1-16.
    6. Simon J. Pak & Stelios H. Zanakis & John S. Zdanowicz, 2003. "Detecting Abnormal Pricing in International Trade: The Greece-USA Case," Interfaces, INFORMS, vol. 33(2), pages 54-64, April.

  169. Turnovsky, Stephen J & Bhandari, Jagdeep S, 1982. "The Degree of Capital Mobility and the Stability of an Open Economy under Rational Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(3), pages 303-326, August.

    Cited by:

    1. Hwang, Chiun-Lin, 1989. "Optimal monetary policy in an open macroeconomic model with rational expectation," ISU General Staff Papers 1989010108000010197, Iowa State University, Department of Economics.
    2. van de Klundert, T.C.M.J. & van der Ploeg, F., 1989. "Wage rigidity and capital mobility in an optimizing model of a small open economy," Other publications TiSEM e4d40766-3400-44f7-b56c-2, Tilburg University, School of Economics and Management.
    3. Turnovsky, Stephen J., 1985. "Domestic and foreign disturbances in an optimizing model of exchange-rate determination," Journal of International Money and Finance, Elsevier, vol. 4(1), pages 151-171, March.
    4. Maria Grydaki & Stilianos Fountas, 2009. "Exchange Rate Volatility and Output Volatility: A Theoretical Approach," Review of International Economics, Wiley Blackwell, vol. 17(3), pages 552-569, August.

  170. Turnovsky, Stephen J., 1982. "The incidence of taxes : A dynamic macroeconomic analysis," Journal of Public Economics, Elsevier, vol. 18(2), pages 161-194, July.

    Cited by:

    1. Holger Strulik & Timo Trimborn, 2011. "Laffer Strikes Again: Dynamic Scoring of Capital Taxes," DEGIT Conference Papers c016_074, DEGIT, Dynamics, Economic Growth, and International Trade.
    2. Turnovsky, Stephen J & Bianconi, Marcelo, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," Review of International Economics, Wiley Blackwell, vol. 1(1), pages 49-72, November.
    3. Bianconi, Marcelo, 1995. "Fiscal policy in a simple two-country dynamic model," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 395-419.
    4. DOI Takero, 2016. "Incidence of Corporate Income Tax and Optimal Capital Structure: A dynamic analysis," Discussion papers 16022, Research Institute of Economy, Trade and Industry (RIETI).
    5. Holger Strulik, 2008. "The Credit Channel of Capital Tax Policy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(5), pages 717-742, October.
    6. Strulik, Holger & Trimborn, Timo, 2010. "Anticipated tax reforms and temporary tax cuts: A general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 34(10), pages 2141-2158, October.

  171. Turnovsky, Stephen J., 1982. "A determination of the optimal currency basket : A macroeconomic analysis," Journal of International Economics, Elsevier, vol. 12(3-4), pages 333-354, May.

    Cited by:

    1. Yoshino, Naoyuki & Kaji, Sahoko & Suzuki, Ayako, 2004. "The basket-peg, dollar-peg, and floating: A comparative analysis," Journal of the Japanese and International Economies, Elsevier, vol. 18(2), pages 183-217, June.
    2. Eiji Ogawa & Kentaro Kawasaki, 2011. "Monetary Integration in East Asia," Chapters, in: Masahisa Fujita & Ikuo Kuroiwa & Satoru Kumagai (ed.), The Economics of East Asian Integration, chapter 10, Edward Elgar Publishing.
    3. Teo, Wing Leong, 2009. "Should East Asia's currencies be pegged to the yen? The role of invoice currency," Journal of the Japanese and International Economies, Elsevier, vol. 23(3), pages 283-308, September.
    4. Ito, Takatoshi & Ogawa, Eiji & Sasaki, Yuri Nagataki, 1998. "How Did the Dollar Peg Fail in Asia?," Journal of the Japanese and International Economies, Elsevier, vol. 12(4), pages 256-304, December.
    5. Hilbers, P.L.C., 1985. "Exchange rate policies for less developed countries," Serie Research Memoranda 0029, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    6. Zihui Ma & Leonard K. Cheng, 2014. "An Optimal Currency Basket to Minimize Output and Inflation Volatility: Theory and an Application to Hong Kong," Pacific Economic Review, Wiley Blackwell, vol. 19(1), pages 90-111, February.
    7. Kang Shi & Juanyi Xu, 2008. "The Optimal Currency Basket with Input Currency and Output Currency," Working Papers 172008, Hong Kong Institute for Monetary Research.
    8. Habib, Maurizio Michael & Stráský, Jan, 2008. "Oil exporters: in search of an external anchor," Working Paper Series 958, European Central Bank.
    9. Duijm, Bernhard, 1991. "Der effektive Wechselkurs einer Währung: Dargestellt am Beispiel der DM," Tübinger Diskussionsbeiträge 13, University of Tübingen, School of Business and Economics.
    10. Xu, Juanyi, 2011. "The optimal currency basket under vertical trade," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1323-1340.
    11. Kotilainen, Markku & Peura, Tapio, 1988. "Finland's exchange rate regime and European integration," Bank of Finland Research Discussion Papers 33/1988, Bank of Finland.
    12. Slavi T. Slavov, 2005. "Should small open economies in East Asia put all their eggs in one basket: the role of balance sheet effects," International Finance 0501001, University Library of Munich, Germany.

  172. Eaton, Jonathan & Turnovsky, Stephen J., 1982. "Effects of monetary disturbances on exchange rates with risk averse speculation," Journal of International Money and Finance, Elsevier, vol. 1(1), pages 21-37, January.

    Cited by:

    1. Richard C. Marston, 1981. "Wages, Relative Prices, and the Choice between Fixed and Flexible Exchange Rates," NBER Working Papers 0793, National Bureau of Economic Research, Inc.
    2. Stephen J. Turnovsky & Katrina M. Ball, 1983. "Covered Interest Parity and Speculative Efficiency: Some Empirical Evidence for Australia," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 271-280, September.

  173. Turnovsky, Stephen J., 1981. "The effects of devaluation and foreign price disturbances under rational expectations," Journal of International Economics, Elsevier, vol. 11(1), pages 33-60, February.

    Cited by:

    1. Bernard Walliser, 1982. "Equilibres et anticipations," Revue Économique, Programme National Persée, vol. 33(4), pages 594-638.
    2. Jaleel Ahmad, 1984. "Inflationary expectations and transmission of inflation under floating exchange rates," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(3), pages 424-435, September.

  174. Turnovsky, Stephen J, 1981. "Monetary Policy and Foreign Price Disturbances under Flexible Exchange Rates: A Stochastic Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 13(2), pages 156-176, May.

    Cited by:

    1. Jagdeep Bhandari, 1984. "A computational stochastic equilibrium model of oil-importing economies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(2), pages 301-328, June.
    2. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1992. "Stabilization policy in multi-country models," Discussion Papers, Series II 170, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. David O. Cushman & Tao Zha, 1995. "Identifying monetary policy in a small open economy under flexible exchange rates," FRB Atlanta Working Paper 95-7, Federal Reserve Bank of Atlanta.
    4. Karras Georgios, 1999. "Monetary Policy and the Exchange Rate: The Role of Openness," International Economic Journal, Taylor & Francis Journals, vol. 13(2), pages 75-88.
    5. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1992. "International transmission of economic shocks: The case of mixed exchange rates in a three-country world," Discussion Papers, Series II 178, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    6. Georgios Karras, 2001. "Openness to Trade and the Potency of Monetary Policy: How Strong is the Relationship?," Open Economies Review, Springer, vol. 12(1), pages 61-73, January.
    7. Walter Fisher, 2000. "The Term Structure of Interest Rates in a Small Open Economy: A Stochastic Analysis," Open Economies Review, Springer, vol. 11(3), pages 261-278, July.
    8. Julius Horvath & Magda Kandil & Subhash Sharma, 1998. "On the European monetary system: the spillover effects of German shocks and disinflation," Applied Economics, Taylor & Francis Journals, vol. 30(12), pages 1585-1593.
    9. Sundararajan, Srinivasa, 1994. "The transmission of correlated shocks under mixed exchange rates," Discussion Papers, Series II 245, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    10. Reuven Glick & Michael M. Hutchison, 1989. "Exchange rates and monetary policy," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 17-29.
    11. Karras, Georgios, 1999. "Openness and the effects of monetary policy," Journal of International Money and Finance, Elsevier, vol. 18(1), pages 13-26, January.
    12. Läufer, Nikolaus K. A. & Sundararajan, Srinivasa, 1994. "The international transmission of economic shocks in a three-country world under mixed exchange rates," Discussion Papers, Series II 216, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    13. O'Mara, L. Paul & Wallace, N.A. & Meshios, Helen, 1987. "The Current Account, Monetary Policy, Market Sentiment And The Real Exchange Rate: Some Implications For The Farm Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(3), pages 1-23, December.

  175. Turnovsky, Stephen J., 1981. "The asset market approach to exchange rate determination: Some short-run, stability, and steady-state properties," Journal of Macroeconomics, Elsevier, vol. 3(1), pages 1-32.

    Cited by:

    1. Eaton, Jonathan & Turnovsky, Stephen J, 1983. "Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics," Economic Journal, Royal Economic Society, vol. 93(371), pages 555-575, September.
    2. Laffargue Jean-pierre, 1981. "Politiques budgétaire et monétaire en régime de changes flexibles," CEPREMAP Working Papers (Couverture Orange) 8126, CEPREMAP.
    3. Aristomène A. Varoudakis, 1990. "Dynamique du taux de change et substitution des actifs financiers dans un modèle avec un marché efficient d'actions," Revue Économique, Programme National Persée, vol. 41(1), pages 95-118.
    4. Dai, Meixing & Sidiropoulos, Moïse, 1999. "Politiques économiques et dynamiques du taux de change et du prix des actions avec effets de “pass-through” [Economic policies, exchange rate dynamics and asset prices under the effects of "pa," MPRA Paper 14402, University Library of Munich, Germany, revised Apr 2001.

  176. Brock, William A & Turnovsky, Stephen J, 1981. "The Analysis of Macroeconomic Policies in Perfect Foresight Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(1), pages 179-209, February.

    Cited by:

    1. Thomas J. Sargent, 2015. "Robert E. Lucas Jr.'s Collected Papers on Monetary Theory," Journal of Economic Literature, American Economic Association, vol. 53(1), pages 43-64, March.
    2. Turnovsky, Stephen J., 1985. "Domestic and foreign disturbances in an optimizing model of exchange-rate determination," Journal of International Money and Finance, Elsevier, vol. 4(1), pages 151-171, March.
    3. Madsen, Jakob B., 2009. "Taxes and the fundamental value of houses," Regional Science and Urban Economics, Elsevier, vol. 39(3), pages 365-376, May.
    4. Kenneth L. Judd, 1986. "Capital Gains Taxation by Realization in Dynamic General Equilibrium," Discussion Papers 681, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Buiter, Willem H. & Sibert, Anne C., 2007. "Deflationary Bubbles," Macroeconomic Dynamics, Cambridge University Press, vol. 11(4), pages 431-454, September.
    6. Kenneth L. Judd, 1984. "The Macroeconomic Effects of Uncertain Fiscal Policy," Discussion Papers 682, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Bianconi, Marcelo, 1995. "Inflation and the real price of equities: Theory with some empirical evidence," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 495-514.
    8. Larry E. Jones & Rodolfo Manuelli, 1990. "A Convex Model of Equilibrium Growth," NBER Working Papers 3241, National Bureau of Economic Research, Inc.
    9. Jeffrey I. Bernstein & M. Ishaq Nadiri, 1982. "Financing and Investment in Plant and Equipment and Research and Development," NBER Working Papers 1017, National Bureau of Economic Research, Inc.
    10. Schubert, Stefan Franz & Brida, Juan Gabriel & Risso, Wiston Adrián, 2011. "The impacts of international tourism demand on economic growth of small economies dependent on tourism," Tourism Management, Elsevier, vol. 32(2), pages 377-385.
    11. Brito, Paulo & Dixon, Huw, 2013. "Fiscal policy, entry and capital accumulation: Hump-shaped responses," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2123-2155.
    12. Giannitsarou, Chryssi, 2006. "Supply-side reforms and learning dynamics," Journal of Monetary Economics, Elsevier, vol. 53(2), pages 291-309, March.
    13. Gradus, R.H.J.M., 1989. "Optimal dynamic taxation, saving and investment," Other publications TiSEM eed2cea0-a246-4791-a619-0, Tilburg University, School of Economics and Management.
    14. Judd, Kenneth L., 1996. "Approximation, perturbation, and projection methods in economic analysis," Handbook of Computational Economics, in: H. M. Amman & D. A. Kendrick & J. Rust (ed.), Handbook of Computational Economics, edition 1, volume 1, chapter 12, pages 509-585, Elsevier.
    15. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
    16. Turnovsky, Stephen J & Bianconi, Marcelo, 1992. "The International Transmission of Tax Policies in a Dynamic World Economy," Review of International Economics, Wiley Blackwell, vol. 1(1), pages 49-72, November.
    17. Jizheng Huang & Heng-fu Zou, 2011. "Asset pricing and the Modigliani-Miller theorem with the spirit of capitalism," CEMA Working Papers 456, China Economics and Management Academy, Central University of Finance and Economics.
    18. Schubert, Stefan Franz & Brida, Juan Gabriel, 2008. "The Dynamic Effects of Subsidizing the Tourism Sector," MPRA Paper 16755, University Library of Munich, Germany.
    19. Robert S. Chirinko & Stephen R. King, 1985. "Hidden Stimuli to Capital Formation: Debt and the Incomplete Adjustment of Financial Returns," NBER Working Papers 1684, National Bureau of Economic Research, Inc.
    20. Jaime Alonso‐Carrera & Jordi Caballé & Xavier Raurich, 2004. "Consumption Externalities, Habit Formation and Equilibrium Efficiency," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(2), pages 231-251, June.
    21. Kenneth L. Judd, 1983. "Exercises in Voodoo Economics," Discussion Papers 558, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    22. Akdeniz,L. & Dechert,W.D., 2005. "The equity premium in Brock's asset pricing model," Working papers 3, Wisconsin Madison - Social Systems.
    23. Keuschnigg, Christian, 1991. "How to compute perfect foresight equilibria," Discussion Papers, Series II 150, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    24. Coleman, Wilbur John, II, 1991. "Equilibrium in a Production Economy with an Income Tax," Econometrica, Econometric Society, vol. 59(4), pages 1091-1104, July.
    25. Steinbacher, Matjaz, 2009. "Self-Interest, Incentives and the Decision-Making," MPRA Paper 15041, University Library of Munich, Germany.
    26. Schubert, Stefan Franz & Brida, Juan Gabriel, 2009. "A Dynamic Model of Economic Growth in a Small Tourism Driven Economy," MPRA Paper 16737, University Library of Munich, Germany.
    27. Michael Dotsey & Ching Sheng Mo, 1994. "The effects of fiscal policy in a neoclassical growth model," Working Paper 94-03, Federal Reserve Bank of Richmond.
    28. James Malley & Apostolis Philippopoulos, 2022. "The Macroeconomic Effects of Funding U.S. Infrastructure," Working Papers 2022_03, Business School - Economics, University of Glasgow.
    29. Jizheng Huang & Heng-fu Zou, 2013. "Asset Pricing, Capital Structure and the Spirit of Capitalism in a Production Economy," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 367-384, November.
    30. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    31. Kim, Se-Jik, 1998. "Growth effect of taxes in an endogenous growth model: to what extent do taxes affect economic growth?," Journal of Economic Dynamics and Control, Elsevier, vol. 23(1), pages 125-158, September.
    32. Jeremy Greenwood & Gregory W. Huffman, 1991. "Tax analysis in a real business cycle model: on measuring Harberger triangles and Okun gaps," Staff Report 138, Federal Reserve Bank of Minneapolis.
    33. Olaf Posch, 2009. "Explaining Output Volatility: The Case of Taxation," CESifo Working Paper Series 2751, CESifo.
    34. Fischer, Stanley & Merton, Robert C., 1984. "Macroeconomics and finance: The role of the stock market," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 21(1), pages 57-108, January.
    35. Christophe Chamley & Douglas Downing, 1981. "Efficient Stationary Taxation and Intertemporal General Equilibrium," Cowles Foundation Discussion Papers 591, Cowles Foundation for Research in Economics, Yale University.
    36. Flôres Junior, Renato Galvão & Brito, Ricardo D., 2001. "Stochastic growth and monetary policy: the impacts on the term structure of interest rates," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 416, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    37. George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos, 2020. "Macroeconomic policy lessons for Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 152, Hellenic Observatory, LSE.
    38. George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos, 2020. "Macroeconomic Policy Lessons for Greece from the Debt Crisis," CESifo Working Paper Series 8188, CESifo.
    39. Nick Draper & Free Huizinga, 2001. "The effect of corporate taxes on investment and the capital stock," CPB Memorandum 13, CPB Netherlands Bureau for Economic Policy Analysis.
    40. Peter H. Lindert, 2003. "Why the Welfare State Looks Like a Free Lunch," NBER Working Papers 9869, National Bureau of Economic Research, Inc.
    41. Kenneth L. Judd, 1984. "The Welfare Cost of Factor Taxation in a Perfect Foresight Model," Discussion Papers 643, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    42. Jacob A. Frenkel & Assaf Razin, 1989. "International Effects of Tax Reforms," NBER Working Papers 2873, National Bureau of Economic Research, Inc.
    43. Schubert, Stefan Franz, 2009. "Coping with Externalities in Tourism - A Dynamic Optimal Taxation Approach," MPRA Paper 16736, University Library of Munich, Germany.
    44. Burkhard Heer & Alfred Maussner, 2011. "The Cash-In-Advance Constraint in Monetary Growth Models," CESifo Working Paper Series 3647, CESifo.
    45. Akdeniz, Levent & Dechert, W. Davis, 2007. "The equity premium in Brock's asset pricing model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2263-2292, July.
    46. Dam, Lammertjan & Heijdra, Ben J., 2011. "The environmental and macroeconomic effects of socially responsible investment," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1424-1434, September.
    47. Christophe Chamley, 1981. "On the Infinite Welfare Cost of Inflation and Other Second Order Effects," Cowles Foundation Discussion Papers 598, Cowles Foundation for Research in Economics, Yale University.
    48. Krawczyk, Jacek B & Townsend, Wilbur, 2015. "Basic understanding of social inequality dynamics," Working Paper Series 19250, Victoria University of Wellington, School of Economics and Finance.
    49. Stefan F Schubert & Günter Schamel, 2021. "Sustainable tourism development: A dynamic model incorporating resident spillovers," Tourism Economics, , vol. 27(7), pages 1561-1587, November.
    50. Juan Gabriel Brida & Stefan Franz Schubert, 2008. "The Economic Effects Of Advertising On Tourism Demand," Economics Bulletin, AccessEcon, vol. 6(45), pages 1-16.
    51. Sargent, Thomas J., 2024. "Critique and consequence," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 2-13.
    52. Krawczyk, Jacek B. & Judd, Kenneth L., 2014. "Which economic states are sustainable under a slightly constrained tax-rate adjustment policy," MPRA Paper 59027, University Library of Munich, Germany.

  177. Turnovsky, Stephen J., 1981. "The optimal intertemporal choice of inflation and unemployment An analysis of the steady state and transitional dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 3(1), pages 357-384, November.

    Cited by:

    1. Stephen J. Turnovsky, 2011. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
    2. Willi SEMMLER & Wenlang ZHANG, 2010. "Monetary Policy Rules with Nonlinear Philips Curve and Endogenous Nairu," EcoMod2004 330600128, EcoMod.
    3. F. Ploeg, 1989. "Disposable income, unemployment, inflation and state spending in a dynamic political-economic model," Public Choice, Springer, vol. 60(3), pages 211-239, March.

  178. Andrew Schmitz & Haim Shalit & Stephen J. Turnovsky, 1981. "Producer Welfare and the Preference for Price Stability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 157-160.

    Cited by:

    1. Williams Corey J. M., 2023. "Unraveling Producer Price Inflation Pass-Through: Quantification, Structural Breaks, and Causal Direction," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 17(1), pages 1-16, January.
    2. Fu, Tsu-Tan & Fletcher, Stanley M. & Epperson, James E., 1986. "Acreage Planting Decision Analysis Of South Carolina Tomatoes: Nerlovian Versus Just Risk Model," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-7, December.
    3. McBride, Linden, 2014. "Exploring food commodity price risk preferences among Tanzanian households," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 172437, Agricultural and Applied Economics Association.
    4. Schmitz Andrew, 2020. "Commodity Storage, Price Stabilization, and Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-2, January.
    5. Balié, Jean & Magrini, Emiliano & Morales Opazo, Cristian, 2016. "Cereal price shocks and volatility in Sub-Saharan Africa: What does really matter for farmers' welfare?," DARE Discussion Papers 1607, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    6. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    7. Boyd, Chris M., 2020. "Urgent Yet Ineffective? The Welfare Impacts of Potato Price Stabilization in Peru," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304293, Agricultural and Applied Economics Association.
    8. Baumer, David L. & Knoeber, Charles R., 1987. "The Social Welfare Consequences Of Price Stabilization And Risk: An Annotated Bibliography," Department of Economics and Business - Archive 259749, North Carolina State University, Department of Economics.
    9. Kennedy P. Lynn & Schmitz Andrew & van Kooten G. Cornelis, 2020. "The Role of Storage and Trade in Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-13, January.
    10. Yu Na Lee, 2021. "Does Aversion to Price Risk Drive Migration? Evidence from Rural Ethiopia," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(4), pages 1268-1293, August.

  179. Stephen J. Turnovsky, 1980. "Expectations and the Dynamics of Devaluation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(4), pages 679-704.

    Cited by:

    1. Pavel Kadochnikov, 2006. "An Analysis of Import Substitution in Russia after the 1998 Crisis," Research Paper Series, Gaidar Institute for Economic Policy, issue 95, pages 148-148.
    2. Veeman, Michele M. & Veeman, Terrence S. & Dong, X.Y. & Sivasangaram, M., 1989. "Macro-Economic Influences on Alberta Agriculture," Project Report Series 232073, University of Alberta, Department of Resource Economics and Environmental Sociology.
    3. Godwin Kamugisha & Joe Eyong Assoua, 2020. "Effects of a Devaluation on Trade Balance in Uganda: An ARDL Cointegration Approach," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(7), pages 1-42, July.

  180. Don E. Roper & Stephen J. Turnovsky, 1980. "Optimal Exchange Market Intervention in a Simple Stochastic Macro Model," Canadian Journal of Economics, Canadian Economics Association, vol. 13(2), pages 296-309, May.

    Cited by:

    1. Martin F. J. Prachowny, 1986. "Managed Exchange Rates," The Economic Record, The Economic Society of Australia, vol. 62(4), pages 442-450, December.
    2. Jonathan Eaton & Stephen J. Turnovsky, 1984. "The Forward Exchange Market, Speculation, and Exchange Market Intervention," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(1), pages 45-69.
    3. Buiter, Willem H. & Eaton, Jonathan, 1980. "Policy Decentralization And Exchange Rate Management In Interdependent Economies," Economic Research Papers 269070, University of Warwick - Department of Economics.
    4. Baig, Mirza Allim & Narasimhan, V. & Ramachandran, M., 2003. "Exchange market pressure and the Reserve Bank of India's intervention activity," Journal of Policy Modeling, Elsevier, vol. 25(8), pages 727-748, November.
    5. Pedauga, Luis Enrique & Noguera, Carlos, 2006. "Presión en el mercado cambiario para el caso venezolano (1984-2003)," MPRA Paper 14294, University Library of Munich, Germany.
    6. Akram, Gilal Muhammad & Byrne, Joseph P., 2015. "Foreign exchange market pressure and capital controls," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 37(C), pages 42-53.
    7. Mr. Jorge I Canales Kriljenko, 2003. "Foreign Exchange Intervention in Developing and Transition Economies: Results of a Survey," IMF Working Papers 2003/095, International Monetary Fund.
    8. Stavarek, Daniel, 2008. "Exchange Market Pressure in Central European Countries from the Eurozone Membership Perspective," MPRA Paper 12079, University Library of Munich, Germany.
    9. Henri Sterdyniak & Pierre Villa, 1986. "Des conséquences conjoncturelles de la régulation monétaire," SciencePo Working papers Main hal-01304905, HAL.
    10. Dale W. Henderson, 1982. "The role of intervention policy in open economy financial policy: a macroeconomic perspective," International Finance Discussion Papers 202, Board of Governors of the Federal Reserve System (U.S.).
    11. Turnovsky, Stephen J. & Grinols, Earl, 1996. "Optimal government finance policy and exchange rate management in a stochastically growing open economy," Journal of International Money and Finance, Elsevier, vol. 15(5), pages 687-716, October.
    12. Warwick McKibbin, 1997. "Which Monetary-policy Regime for Australia?," RBA Annual Conference Volume (Discontinued), in: Philip Lowe (ed.),Monetary Policy and Inflation Targeting, Reserve Bank of Australia.
    13. Pierre Villa, 1991. "Règles de taux d'intérêt en changes flexibles et en présence de chocs permanents," Revue Économique, Programme National Persée, vol. 42(5), pages 867-900.
    14. Liu, L. & Ni, Y.J, 2009. "Foreign Exchange Market Pressure and Monetary Policy: An Empirical Study Based on China’s Data," MPRA Paper 14491, University Library of Munich, Germany.
    15. Peter J. Stemp, 1991. "Optimal Weights in a Check‐List of Monetary Indicators," The Economic Record, The Economic Society of Australia, vol. 67(1), pages 1-13, March.
    16. Turnovsky, Stephen J., 1984. "Exchange market intervention under alternative forms of exogenous disturbances," Journal of International Economics, Elsevier, vol. 17(3-4), pages 279-297, November.
    17. Xiaohui Liu & Conglai Fan, 2010. "The model and empirical estimation of the optimal flexibility of RMB exchange-rate regime: A study based on the price-stabilization," Frontiers of Economics in China, Springer;Higher Education Press, vol. 5(2), pages 187-209, June.
    18. Patricio Mujica, 1988. "Políticas de Tipo de Cambio: Un Modelo de Tres Países," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 25(75), pages 197-214.
    19. Paul R. Goebel & Christopher K. Ma, 1993. "The Integration of Mortgage Markets and Capital Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 21(4), pages 511-538, December.
    20. Dale W. Henderson & Warwick J. McKibbin, 1993. "A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence," International Finance Discussion Papers 458, Board of Governors of the Federal Reserve System (U.S.).
    21. Daniel Laskar, 1993. "Union monétaire : différences structurelles et asymétrie des chocs," Revue Économique, Programme National Persée, vol. 44(6), pages 1045-1070.
    22. Mathias Hoffmann & Bernd Kempa, 2009. "A Poole Analysis in the New Open Economy Macroeconomic Framework," Review of International Economics, Wiley Blackwell, vol. 17(5), pages 1074-1097, November.
    23. Stephen Hall & Amangeldi Kenjegaliev & P.A.V.B. Swamy & George S. Tavlas, 2013. "Measuring Currency Pressures: The Cases of the Japanese Yen, the Chinese Yuan, and the U.K. Pound," Discussion Papers in Economics 13/10, Division of Economics, School of Business, University of Leicester.
    24. Vivek H. Dehejia & Nicholas Rowe, 1999. "Macroeconomic Stabilisation: Fixed Exchange Rates vs Inflation Targeting vs Price Level Targeting," Carleton Economic Papers 99-15, Carleton University, Department of Economics, revised 22 Mar 2000.
    25. Daniel Gros & Timothy Lane, 1992. "Monetary policy interaction within or without an exchange-rate arrangement," Open Economies Review, Springer, vol. 3(1), pages 61-82, February.
    26. Robert Dixon & Zhichao Zhang & Yang Dai, 2016. "Exchange Rate Flexibility in China: Measurement, Regime Shifts and Driving Forces of Change," Review of International Economics, Wiley Blackwell, vol. 24(5), pages 875-892, November.
    27. Jie Sun, 2010. "Retrospect of the Chinese Exchange Rate Regime after Reform: Stylized Facts during the Period from 2005 to 2010," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(6), pages 19-35, November.
    28. Willem H. Buiter, 1979. "Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models," NBER Working Papers 0335, National Bureau of Economic Research, Inc.
    29. Peter Stemp, 1993. "Optimal money supply rules under asymmetric objective criteria," Journal of Economics, Springer, vol. 57(3), pages 215-232, October.
    30. Weymark, Diana N., 1995. "Estimating exchange market pressure and the degree of exchange market intervention for Canada," Journal of International Economics, Elsevier, vol. 39(3-4), pages 273-295, November.
    31. Franc Klaassen & Henk Jager, 2007. "Model-free Measurement of Exchange Market Pressure," Tinbergen Institute Discussion Papers 06-112/2, Tinbergen Institute.
    32. Mr. Jorge I Canales Kriljenko & Mr. Cem Karacadag & Roberto Guimarães-Filho, 2003. "Official Intervention in the Foreign Exchange Market: Elements of Best Practice," IMF Working Papers 2003/152, International Monetary Fund.
    33. Stavarek, Daniel, 2006. "Estimation of the Exchange Market Pressure in the EU4 Countries: A Model-Dependent Approach," MPRA Paper 7256, University Library of Munich, Germany.
    34. Siklar Ilyas & Akca Aysegul, 2020. "Exchange Market Pressure and Monetary Policy: The Turkish Case," Ekonomika (Economics), Sciendo, vol. 99(1), pages 110-130, June.
    35. Ulrich Lächler, 1984. "Stabilization policy in an open-economy equilibrium model," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(3), pages 403-423, September.
    36. Mr. M. Sbracia & Mr. Alessandro Prati, 2002. "Currency Crises and Uncertainty About Fundamentals," IMF Working Papers 2002/003, International Monetary Fund.
    37. Valida Pantsulaia & Salome Tvalodze & Zviad Zedginidze, 2020. "Assessing Georgia's External Vulnerability," NBG Working Papers 04/2020, National Bank of Georgia.
    38. Cynthia Tori & Scott Tori, 2001. "Exchange market pressure, trade, sovereign credit ratings, and U.S. exports in banking services," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 29(1), pages 48-62, March.
    39. Lächler, Ulrich, 1984. "Stabilization policy in an open-economy equilibrium model," Kiel Working Papers 197, Kiel Institute for the World Economy (IfW Kiel).
    40. Xiaohui Liu & Jing Zhang, 2009. "RMB Exchange Market Pressure and Central Bank Exchange Market Intervention," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 17(3), pages 75-92, May.
    41. Stavarek, Daniel, 2010. "Exchange Market Pressure and De Facto Exchange Rate Regime in the Euro-Candidates," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 119-139, July.

  181. Don E. Roper & Stephen J. Turnovsky, 1980. "The Optimum Monetary Aggregate for Stabilization Policy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(2), pages 333-355.

    Cited by:

    1. William A. Barnett, 1996. "Which Road Leads to Stable Money Demand?," Macroeconomics 9611001, University Library of Munich, Germany.
    2. Dale W. Henderson & Douglas G. Waldo, 1981. "Reserve requirements on Eurocurrency deposits: implications for the stabilization of real outputs," International Finance Discussion Papers 183, Board of Governors of the Federal Reserve System (U.S.).
    3. Jocelyn Horne & Vance Martin & Shane Bonetti, 1986. "Asset Substitution and Aggregate Liquidity in Australia: 1969–1983," The Economic Record, The Economic Society of Australia, vol. 62(1), pages 22-36, March.
    4. Carlo Monticelli, 2000. "Structural Asymmetries and the Optimal Monetary Policy Instrument of the European Central Bank," Open Economies Review, Springer, vol. 11(1), pages 49-71, January.
    5. Jocelyn Horne & Mehdi Monadjemi, 1985. "Debt, Credit and Monetary Targeting in Australia," The Economic Record, The Economic Society of Australia, vol. 61(2), pages 522-534, June.

  182. Turnovsky, Stephen J. & Brock, William A., 1980. "Time consistency and optimal government policies in perfect foresight equilibrium," Journal of Public Economics, Elsevier, vol. 13(2), pages 183-212, April.

    Cited by:

    1. Buiter, W.H. & Kletzer, K.M., 1990. "The Welfare Economics Of Cooperative And Noncooperative Fiscal Policy," Papers 612, Yale - Economic Growth Center.
    2. Turnovsky, Stephen J., 1985. "Domestic and foreign disturbances in an optimizing model of exchange-rate determination," Journal of International Money and Finance, Elsevier, vol. 4(1), pages 151-171, March.
    3. Gradus, R.H.J.M. & Kort, P.M., 1991. "Optimal taxation on profit and pollution with a macroeconomic framework," Research Memorandum FEW 484, Tilburg University, School of Economics and Management.
    4. Drazen, Allan, 1983. "The Inflationary Effects of Short-Run Anti-Inflation Programs," Foerder Institute for Economic Research Working Papers 275369, Tel-Aviv University > Foerder Institute for Economic Research.
    5. Fernando M. Martin, 2011. "Policy and welfare effects of within-period commitment," Working Papers 2011-031, Federal Reserve Bank of St. Louis.
    6. Osang, Thomas & Pereira, Alfredo, 1996. "Import tariffs and growth in a small open economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 45-71, April.
    7. Petrucci, Alberto, 2003. "Money, endogenous fertility and economic growth," Journal of Macroeconomics, Elsevier, vol. 25(4), pages 527-539, December.
    8. Gaowang Wang & Heng-fu Zou, 2011. "Inflation Aversion and the Optimal Inflation Tax," CEMA Working Papers 480, China Economics and Management Academy, Central University of Finance and Economics.
    9. Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126, December.
    10. Gradus, R.H.J.M., 1989. "Optimal dynamic taxation, saving and investment," Other publications TiSEM eed2cea0-a246-4791-a619-0, Tilburg University, School of Economics and Management.
    11. George-Marios Angeletos, 2000. "Fiscal Policy and the Maturity Structure with Non-Contingent Debt," Econometric Society World Congress 2000 Contributed Papers 0802, Econometric Society.
    12. Schmitt-Grohé, Stephanie & Uribe, Martín, 2006. "Optimal fiscal and monetary policy in a medium-scale macroeconomic model," Working Paper Series 612, European Central Bank.
    13. Xie, Danyang, 1997. "On Time Inconsistency: A Technical Issue in Stackelberg Differential Games," Journal of Economic Theory, Elsevier, vol. 76(2), pages 412-430, October.
    14. Salvador Ortigueira, 2004. "Markovian Optimal Taxation," Computing in Economics and Finance 2004 10, Society for Computational Economics.
    15. Salvador Ortigueira, 2006. "Markov-Perfect Optimal Taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 153-178, January.
    16. Alberto Alesina, 1987. "A Positive Theory of Fiscal Deficits and Government Debt in a Democracy," UCLA Economics Working Papers 435, UCLA Department of Economics.
    17. van der Ploeg, F., 1991. "Unanticipated inflation and government finance : The case for an independent common central bank," Other publications TiSEM 6f1ff9a5-731e-4b9f-9878-2, Tilburg University, School of Economics and Management.
    18. Horowitz, John K., 1995. "Environmental Policy Under a Non-Market Discount Rate," Working Papers 197828, University of Maryland, Department of Agricultural and Resource Economics.
    19. L. Lambertini, 2002. "Stackelberg Leadership in a Dynamic Duopoly with Capital Accumulation," Working Papers 442, Dipartimento Scienze Economiche, Universita' di Bologna.
    20. de Jong, F.C.J.M., 1993. "Empirical studies on exchange rate target zones and the microstructure of securities markets," Other publications TiSEM 5dd3028d-662c-415a-ba9d-2, Tilburg University, School of Economics and Management.
    21. Mulder, C.B., 1989. "Efficient and inefficient institutional arrangements between governments and trade unions : An explanation of high unemployment, corporatism and union fashing," Other publications TiSEM 1c31a27a-c57e-4c86-a708-b, Tilburg University, School of Economics and Management.
    22. Thomas J. Sargent, 1986. "Government debt and taxes," Working Papers 293, Federal Reserve Bank of Minneapolis.
    23. Marcus Miller & Mark Salmon, 1985. "Policy Coordination and Dynamic Games," NBER Chapters, in: International Economic Policy Coordination, pages 184-227, National Bureau of Economic Research, Inc.
    24. Gong, Liutang & Zou, Heng-fu, 2002. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 1975-2003, October.
    25. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    26. Kono, Tatsuhito & Notoya, Hiromichi, 2012. "Is Mandatory Project Evaluation Always Appropriate? Dynamic Inconsistencies of Irreversible and Reversible Projects," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 3(1), pages 1-31, January.
    27. Pi‐Han Tsai & Chien‐Yu Huang & Tsun‐Feng Chiang, 2020. "Fiscal Expenditure And Industrial Land Price In China: Theory And Evidence," Contemporary Economic Policy, Western Economic Association International, vol. 38(4), pages 593-606, October.
    28. Yongyang Cai & Simon Scheidegger & Sevin Yeltekin & Philipp Renner & Kenneth Judd, 2017. "Optimal Dynamic Fiscal Policy with Endogenous Debt Limits," 2017 Meeting Papers 1543, Society for Economic Dynamics.
    29. Kevin J. Lansing, 1993. "Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution," Working Papers (Old Series) 9308, Federal Reserve Bank of Cleveland.
    30. Salim Ergene, 2015. "Growth, inflation, interest rate and informality: Panel VAR evidence from OECD Economies," Economics Bulletin, AccessEcon, vol. 35(1), pages 750-763.
    31. Lansing, Kevin J., 1999. "Optimal redistributive capital taxation in a neoclassical growth model," Journal of Public Economics, Elsevier, vol. 73(3), pages 423-453, September.
    32. Horowitz, John K., 1996. "Environmental policy under a non-market discount rate," Ecological Economics, Elsevier, vol. 16(1), pages 73-78, January.
    33. Shieh, Jhy-yuan & Chen, Jhy-hwa & Lai, Ching-chong, 2006. "Government spending, capital accumulation and the optimal policy rule: The role of public service capital," Economic Modelling, Elsevier, vol. 23(6), pages 875-889, December.
    34. Gradus, R.H.J.M., 1990. "Optimal dynamic profit taxation : The derivation of feedback Stackelberg equilibria," Other publications TiSEM 9a5b8f5f-ba90-45ae-9a17-4, Tilburg University, School of Economics and Management.
    35. Peter J. Stemp & Stephen J. Turnovsky, 1986. "Optimal Monetary Policy in an Open Economy," NBER Working Papers 2018, National Bureau of Economic Research, Inc.
    36. Roque Fernández, 1989. "Institucionalidad Económica y Estabilidad Política," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 26(78), pages 169-176.
    37. Turnovsky, Stephen J., 1987. "Optimal monetary growth with accommodating fiscal policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 6(2), pages 179-193, June.
    38. Gradus, R.H.J.M. & Kort, P.M., 1992. "On time-inconsistency and pollution control : A macroeconomic approach," Research Memorandum FEW 546, Tilburg University, School of Economics and Management.
    39. Finn Kydland, 1983. "Implications of dynamic optimal taxation for the evolution of tax structures," Public Choice, Springer, vol. 41(1), pages 229-235, January.
    40. Christophe Chamley, 1984. "Optimal Taxation of Capital Income in Economies with Identical Private and Social Discount Rates," Cowles Foundation Discussion Papers 699, Cowles Foundation for Research in Economics, Yale University.
    41. Liutang Gong & Yuzhe Zhang & Heng-fu Zou, 2008. "Foreign Aid, Public Spending, Optimal Fiscal and Monetary Policies, and Long-Run Growth," CEMA Working Papers 309, China Economics and Management Academy, Central University of Finance and Economics.
    42. R. Cellini & L. Lambertini, 2003. "On the Dynamic Consistency of Optimal Monetary Policy," Working Papers 463, Dipartimento Scienze Economiche, Universita' di Bologna.
    43. Sargent, Thomas J., 2024. "Critique and consequence," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 2-13.
    44. Yazmín V. Soriano-Morales & Francisco Venegas-Martínez & Benjamín Vallejo-Jiménez, 2015. "Determination of the equilibrium expansion rate of money when money supply is driven by a time-homogeneous Markov modulated jump diffusion process," Economics Bulletin, AccessEcon, vol. 35(4), pages 2074-2084.

  183. Turnovsky, Stephen J, 1980. "The Choice of Monetary Instrument under Alternative Forms of Price Expectations," The Manchester School of Economic & Social Studies, University of Manchester, vol. 48(1), pages 39-62, March.

    Cited by:

    1. Buiter, Willem H. & Eaton, Jonathan, 1980. "Policy Decentralization And Exchange Rate Management In Interdependent Economies," Economic Research Papers 269070, University of Warwick - Department of Economics.
    2. Stephen J. Turnovsky, 2011. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
    3. Peter J. Stemp, 1991. "Optimal Weights in a Check‐List of Monetary Indicators," The Economic Record, The Economic Society of Australia, vol. 67(1), pages 1-13, March.
    4. Fang, Chung-rou & Lai, Ching-chong, 2002. "Targeting nominal income versus targeting price level: A target zone perspective," International Review of Economics & Finance, Elsevier, vol. 11(3), pages 229-249.
    5. Willem H. Buiter, 1980. "Real Effects of Anticipated and Unanticipated Money: Some Problems of Estimation and Hypothesis Testing," NBER Working Papers 0601, National Bureau of Economic Research, Inc.
    6. Richard T. Froyen & Alfred V. Guender, 2012. "Instrument versus Target Rules As Specifications of Optimal Monetary Policy," International Finance, Wiley Blackwell, vol. 15(1), pages 99-123, April.
    7. Peter Stemp, 1993. "Optimal money supply rules under asymmetric objective criteria," Journal of Economics, Springer, vol. 57(3), pages 215-232, October.
    8. Bénassy, Jean-pascal, 1997. "On the optimality of activist policies with a less informed government," CEPREMAP Working Papers (Couverture Orange) 9722, CEPREMAP.
    9. Willem H. Buiter, 1981. "Granger-Causality and Stabilization Policy," NBER Technical Working Papers 0010, National Bureau of Economic Research, Inc.
    10. Partha Sen, 2022. "Macroeconomic Policy and Development in India: Some Analytical Issues," CESifo Working Paper Series 10175, CESifo.
    11. Jean-Paul Pollin & William Marois, 1985. "Avant-propos," Revue Économique, Programme National Persée, vol. 36(6), pages 1155-1168.
    12. Willem H. Buiter, 1983. "The Theory of Optimum Deficits and Debt," NBER Working Papers 1232, National Bureau of Economic Research, Inc.
    13. Carlo Monticelli, 2000. "Structural Asymmetries and the Optimal Monetary Policy Instrument of the European Central Bank," Open Economies Review, Springer, vol. 11(1), pages 49-71, January.

  184. Turnovsky, Stephen J. & Nguyen, Duc-Tho, 1980. "Perfect myopic foresight and the effects of monetary and fiscal policy in a simple inflationary model : Some analytical and numerical results," European Economic Review, Elsevier, vol. 14(2), pages 237-269.

    Cited by:

    1. Donald A. R. George & Les Oxley, 2013. "Rational Expectations Dynamics: A Methodological Critique," Edinburgh School of Economics Discussion Paper Series 217, Edinburgh School of Economics, University of Edinburgh.

  185. Turnovsky, Stephen J & Shalit, Haim & Schmitz, Andrew, 1980. "Consumer's Surplus, Price Instability, and Consumer Welfare," Econometrica, Econometric Society, vol. 48(1), pages 135-152, January.

    Cited by:

    1. Basant K. Kapur, 2016. "Another Look At Price Instability And Consumer Well-Being: Nondurable And Durable (Housing) Markets," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-9, June.
    2. Martin, William J., 2012. "Managing High and Volatile Food Prices," Trade Issues Papers 142732, International Agricultural Trade Research Consortium.
    3. Nocetti, Diego & Smith, William T., 2011. "Price uncertainty, saving, and welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 35(7), pages 1139-1149, July.
    4. José Gallardo & Arturo Vásquez & Luis Bendezú, 2005. "La Problemática de los Precios de los Combustibles," Working Papers 11, Osinergmin, Gerencia de Políticas y Análisis Económico.
    5. Christophe C. Gouel, 2012. "Agricultural price instability: a survey of competing explanations and remedies," Post-Print hal-01001218, HAL.
    6. Christopher B. Barrett, 1999. "The microeconomics of the developmental paradox: on the political economy of food price policy," Agricultural Economics, International Association of Agricultural Economists, vol. 20(2), pages 159-172, March.
    7. Boyd, Chris M. & Bellemare, Marc F., 2021. "Why Not Insure Prices? Experimental Evidence from Peru," 2021 Conference, August 17-31, 2021, Virtual 315337, International Association of Agricultural Economists.
    8. Stennek, J., 1993. "Does Competition Make Firms More Flexible? A Study of Limited Managerial Cognition," Papers 544, Stockholm - International Economic Studies.
    9. Matthew Stuart & Cindy Yu & David A. Hennessy, 2023. "The Impact of Stocks on Correlations between Crop Yields and Prices and on Revenue Insurance Premiums using Semiparametric Quantile Regression," Papers 2308.11805, arXiv.org, revised Jun 2024.
    10. Gouel, Christophe, 2013. "Optimal food price stabilisation policy," European Economic Review, Elsevier, vol. 57(C), pages 118-134.
    11. Gilles Quentin Kane & Gwladys Laure Mabah Tene & Jean Joël Ambagna & Isabelle Piot-Lepetit & Fondo Sikod, 2015. "The Impact of Food Price Volatility on Consumer Welfare in Cameroon," WIDER Working Paper Series wp-2015-013, World Institute for Development Economic Research (UNU-WIDER).
    12. Stennek, J., 1995. "Consumer's Welfare and Change in Stochastic Partial-Equilibrium Price," Papers 598, Stockholm - International Economic Studies.
    13. Christophe Gouel, 2014. "Trade Policy Coordination and Food Price Volatility," Working Papers 2014-23, CEPII research center.
    14. Gadenne, Lucie, 2018. "Do Ration Shop Systems Increase Welfare? Theory and an Application to India," The Warwick Economics Research Paper Series (TWERPS) 1149, University of Warwick, Department of Economics.
    15. Delphine Boutin, 2011. "D’une crise à l’autre : Mesurer l’impact des prix alimentaires sur la pauvreté," Larefi Working Papers 1106, Larefi, Université Bordeaux 4.
    16. Segal, Uzi & Spivak, Avia, 1990. "First order versus second order risk aversion," Journal of Economic Theory, Elsevier, vol. 51(1), pages 111-125, June.
    17. Lucie Gadenne, 2020. "Can Rationing Increase Welfare? Theory and an Application to India's Ration Shop System," American Economic Journal: Economic Policy, American Economic Association, vol. 12(4), pages 144-177, November.
    18. Adelman, Irma & Berck, Peter, 1989. "Food Security Policy in a Stochastic World," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2mc7132p, Department of Agricultural & Resource Economics, UC Berkeley.
    19. Christophe Muller, 2005. "Price Index Dispersion And Utilitarian Social Evaluation," Working Papers. Serie AD 2005-09, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    20. Christopher BARRETT, 1993. "On The Price Risk And The Inverse Farm Size-Productivity Relationship," Staff Papers 369, University of Wisconsin Madison, AAE.
    21. Ambec, Stefan & Crampes, Claude, 2020. "Real-time electricity pricing to balance green energy intermittency," TSE Working Papers 20-1087, Toulouse School of Economics (TSE).
    22. Simon GB Cowan & Simon Cowan, 2002. "Commodity Taxation as Insurance Against Price Risk," Economics Series Working Papers 110, University of Oxford, Department of Economics.
    23. Chebbi, Ali, 2019. "How to enlarge the fiscal space and gain efficiency when adopting automatic fuel pricing mechanisms? The Tunisian case," The Quarterly Review of Economics and Finance, Elsevier, vol. 73(C), pages 34-43.
    24. Tyers, Rodney, 1991. "On The Neglect Of Dynamics, Risk And Market Insulation In The Analysis Of Uruguay Round Food Trade Reforms," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 1-19, December.
    25. Philippe Choné & Laurent Linnemer, 2006. "Assessing Horizontal Mergers under Uncertain Efficiency Gains," Working Papers 2006-06, Center for Research in Economics and Statistics.
    26. Myers, Robert J., 2006. "On the costs of food price fluctuations in low-income countries," Food Policy, Elsevier, vol. 31(4), pages 288-301, August.
    27. McBride, Linden, 2014. "Exploring food commodity price risk preferences among Tanzanian households," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 172437, Agricultural and Applied Economics Association.
    28. Schmitz Andrew, 2020. "Commodity Storage, Price Stabilization, and Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-2, January.
    29. Simon GB Cowan & Simon Cowan, 2002. "Marginal Cost Pricing versus Insurance," Economics Series Working Papers 102, University of Oxford, Department of Economics.
    30. Wright, Brian D. & Williams, Jeffrey C., 1986. "Measurement of Consumer Gains from Market Stabilization," CUDARE Working Papers 198343, University of California, Berkeley, Department of Agricultural and Resource Economics.
    31. Richard Mash, 1996. "Supply flexibility and insurance under commodity market instability," CSAE Working Paper Series 1996-10, Centre for the Study of African Economies, University of Oxford.
    32. Christophe Gouel, 2014. "Food price volatility and domestic stabilization policies in developing countries," Post-Print hal-01123318, HAL.
    33. Ni, Shawn & Raymon, Neil, 2004. "Price uncertainty and consumer welfare in an intertemporal setting," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1877-1901, July.
    34. Tamayo, Adrian & Tagalo, Romulo, 2016. "Economic Valuation of Sand and Gravel in Davao del Norte, Philippines," MPRA Paper 75969, University Library of Munich, Germany.
    35. Simon GB Cowan & Simon Cowan, 2002. "Utility Regulation and Risk Allocation: The Roles of Marginal Cost Pricing and Futures Markets," Economics Series Working Papers 100, University of Oxford, Department of Economics.
    36. Maynard, Leigh J., 2000. "Empirical Tests Of The Argument That Consumers Value Stable Retail Milk Prices," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(2), pages 1-18.
    37. Stephen J. Turnovsky, 1991. "The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis," NBER Working Papers 3916, National Bureau of Economic Research, Inc.
    38. Charles Blackorby & David Donaldson & John A. Weymark, 2006. "Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty," Vanderbilt University Department of Economics Working Papers 0618, Vanderbilt University Department of Economics.
    39. Kim, Tae-Kyun, 1989. "The factor bias of technical change and technology adoption under uncertainty," ISU General Staff Papers 1989010108000010138, Iowa State University, Department of Economics.
    40. Pieters, Hannah & Swinnen, Johan, 2016. "Trading-off volatility and distortions? Food policy during price spikes," Food Policy, Elsevier, vol. 61(C), pages 27-39.
    41. Gouel,Christophe & Gautam,Madhur & Martin,William J., 2016. "Managing food price volatility in a large open country : the case of wheat in India," Policy Research Working Paper Series 7551, The World Bank.
    42. Diego Nocetti & William T. Smith, 2011. "Precautionary Saving and Endogenous Labor Supply with and without Intertemporal Expected Utility," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1475-1504, October.
    43. Balié, Jean & Magrini, Emiliano & Morales Opazo, Cristian, 2016. "Cereal price shocks and volatility in Sub-Saharan Africa: What does really matter for farmers' welfare?," DARE Discussion Papers 1607, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    44. Stennek, Johan, 1999. "The expected consumer's surplus as a welfare measure," Journal of Public Economics, Elsevier, vol. 73(2), pages 265-288, August.
    45. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    46. Franco Mariuzzo & Peter L. Ormosi, 2019. "Post-merger Price Dynamics Matters, So Why Do Merger Retrospectives Ignore It?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 55(3), pages 403-429, November.
    47. Marc F. Bellemare & Yu Na Lee & David R. Just, 2020. "Producer Attitudes Toward Output Price Risk: Experimental Evidence from the Lab and from the Field," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 806-825, May.
    48. John C. Quiggin & Jock R. Anderson, 1981. "Price Bands and Buffer Funds," The Economic Record, The Economic Society of Australia, vol. 57(1), pages 67-73, March.
    49. Just, Richard E. & Zilberman, David, 1992. "In Defense Of Fence To Fence: Can The Backward Bending Supply Curve Exist?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(2), pages 1-9, December.
    50. Hayashi, Takashi, 2014. "Consumer surplus analysis under uncertainty: A general equilibrium perspective," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 154-164.
    51. Matthias Kalkuhl & Mekbib Haile & Lukas Kornher & Marta Kozicka, 2015. "Cost-benefit framework for policy action to navigate food price spikes. FOODSECURE Working Paper No 33," FOODSECURE Working papers 33, LEI Wageningen UR.
    52. Christophe C. Gouel, 2013. "Rules versus Discretion in Food Storage Policies [Règles contre discrétion dans les politiques de stockage de produits alimentaires]," Post-Print hal-01636279, HAL.
    53. Kennedy P. Lynn & Schmitz Andrew & van Kooten G. Cornelis, 2020. "The Role of Storage and Trade in Food Security," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(1), pages 1-13, January.
    54. Cowan, Simon, 2004. "Optimal risk allocation for regulated monopolies and consumers," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 285-303, January.
    55. Brennan, Donna, 2003. "Price dynamics in the Bangladesh rice market: implications for public intervention," Agricultural Economics, Blackwell, vol. 29(1), pages 15-25, July.
    56. Tyers, Rodney, 1990. "Searching Under The Light: The Neglect Of General Equilibrium, Dynamics And Risk In The Analysis Of Food Trade Reforms," Staff Papers 13845, University of Minnesota, Department of Applied Economics.
    57. Chavas, Jean-Paul, 2017. "On food security and the economic valuation of food," Food Policy, Elsevier, vol. 69(C), pages 58-67.
    58. Delphine Boutin, 2011. "D’une crise à l’autre : Mesurer l’impact des prix alimentaires sur la pauvreté," Larefi Working Papers 201106, Larefi, Université Bordeaux 4.
    59. Yu Na Lee, 2021. "Does Aversion to Price Risk Drive Migration? Evidence from Rural Ethiopia," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(4), pages 1268-1293, August.
    60. Mr. Benedict F. W. Bingham & Mr. James Daniel & Mr. Giulio Federico, 2001. "Domestic Petroleum Price Smoothing in Developing and Transition Countries," IMF Working Papers 2001/075, International Monetary Fund.
    61. Zou, Bo & Hansen, Mark, 2012. "Flight delays, capacity investment and social welfare under air transport supply-demand equilibrium," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(6), pages 965-980.

  186. Turnovsky, Stephen J., 1979. "Futures markets, private storage, and price stabilization," Journal of Public Economics, Elsevier, vol. 12(3), pages 301-327, December.

    Cited by:

    1. Just, Richard E. & Rausser, Gordon C., 1985. "Determination of the predominance of various expectations patterns in commodity futures and spot markets," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9wv9s614, Department of Agricultural & Resource Economics, UC Berkeley.
    2. Patrick Artus & Claude Jessua, 1996. "La spéculation," Revue Économique, Programme National Persée, vol. 47(3), pages 409-424.
    3. Rausser, Gordon C & Carter, Colin, 1983. "Futures Market Efficiency in the Soybean Complex," The Review of Economics and Statistics, MIT Press, vol. 65(3), pages 469-478, August.
    4. Just, Richard & Rausser, Gordon, 1985. "Expectations and Intertemporal Pricing in Commodity Futures and Spot Markets," CUDARE Working Papers 198283, University of California, Berkeley, Department of Agricultural and Resource Economics.
    5. Patrick Artus, 1990. "Quand la création d'un marché à terme peut-elle déstabiliser le cours au comptant ?," Revue Économique, Programme National Persée, vol. 41(1), pages 71-94.
    6. C. W. Morgan, 1999. "Futures Markets and Spot Price Volatility: A Case Study," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(2), pages 247-257, May.
    7. Lusheng Shao & Derui Wang & Xiaole Wu, 2022. "Competitive trading in forward and spot markets under yield uncertainty," Production and Operations Management, Production and Operations Management Society, vol. 31(9), pages 3400-3418, September.
    8. Méndez Parra, Maximiliano, 2015. "Futures prices, trade and domestic supply of agricultural commodities," Economics PhD Theses 0115, Department of Economics, University of Sussex Business School.
    9. Diakosavvas, Dimitris & Green, Christopher J., 1998. "Assessing the Impact on Food Security of Alternative Compensatory Financing Schemes: A Simulation Approach with an Application to India," World Development, Elsevier, vol. 26(7), pages 1251-1265, July.
    10. Sathye, Milind, 2006. "US Coffee C Futures: Some results from test of cointegration and GARCH," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3).
    11. Alessandro Borin & Virginia Di Nino, 2012. "The role of financial investments in agricultural commodity derivatives markets," Temi di discussione (Economic working papers) 849, Bank of Italy, Economic Research and International Relations Area.
    12. Ashish Kumar, 2015. "Impact of Currency Futures on Volatility in Exchange Rate," Paradigm, , vol. 19(1), pages 95-108, June.
    13. Jacks, David S., 2007. "Populists versus theorists: Futures markets and the volatility of prices," Explorations in Economic History, Elsevier, vol. 44(2), pages 342-362, April.
    14. Sarris, Alexander, 1982. "A Theory of the Bias in Futures Markets of Storable Commodities," CUDARE Working Papers 198223, University of California, Berkeley, Department of Agricultural and Resource Economics.

  187. Gray, Malcolm R & Turnovsky, Stephen J, 1979. "The Stability of Exchange Rate Dynamics under Perfect Myopic Foresight," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(3), pages 643-660, October.

    Cited by:

    1. Papell, David H., 1984. "Activist monetary policy and exchange-rate overshooting: The Deutsche mark/dollar rate," Journal of International Money and Finance, Elsevier, vol. 3(3), pages 293-310, December.
    2. Jacob A. Frenkel & Carlos A. Rodriguez, 1982. "Exchange Rate Dynamics and the Overshooting Hypothesis," NBER Working Papers 0832, National Bureau of Economic Research, Inc.
    3. Maurice Obstfeld & Alan C. Stockman, 1983. "Exchange-Rate Dynamics," NBER Working Papers 1230, National Bureau of Economic Research, Inc.
    4. Maurice Obstfeld & Kenneth Rogoff, 1983. "Exchange Rate Dynamics With Sluggish Prices Under Alternative Price-Adjustment Rules," NBER Working Papers 1173, National Bureau of Economic Research, Inc.
    5. Pierre Villa, 1991. "Règles de taux d'intérêt en changes flexibles et en présence de chocs permanents," Revue Économique, Programme National Persée, vol. 42(5), pages 867-900.
    6. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    7. Jay Levin, 1989. "On the dynamic effects of monetary and fiscal policy under floating exchange rates: Simulations with an asset market model," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 125(4), pages 665-680, December.
    8. Carl Chiarella, 1991. "Monetary and Fiscal Policy Under Nonlinear Exchange Rate Dynamics," Working Paper Series 6, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    9. Stephen J. Turnovsky, 1985. "Monetary and Fiscal Policy Under Perfect Foresight: A Symmetric Two Country Analysis," NBER Working Papers 1699, National Bureau of Economic Research, Inc.
    10. Devereux, Michael & Purvis, Douglas D., 1984. "Fiscal Policy and the Real Exchange Rate Queen's Discussion Paper," Queen's Institute for Economic Research Discussion Papers 275199, Queen's University - Department of Economics.
    11. Obstfeld, Maurice, 1982. "Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight," Econometrica, Econometric Society, vol. 50(5), pages 1219-1242, September.
    12. Laffargue Jean-pierre, 1981. "Politiques budgétaire et monétaire en régime de changes flexibles," CEPREMAP Working Papers (Couverture Orange) 8126, CEPREMAP.
    13. Jagdeep Bhandari, 1981. "A stochastic macroequilibrium approach to a floating exchange rate economy with interest-bearing assets," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 1-19, March.
    14. Carl Chiarella & Xue-Zhong He & Min Zheng, 2009. "Heterogeneous Expectations and Exchange Rate Dynamics," Research Paper Series 243, Quantitative Finance Research Centre, University of Technology, Sydney.
    15. Jagdeep Bhandari & Stephen Turnovsky, 1982. "Alternative monetary policies in an inflationary equilibrium model of the open economy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 118(1), pages 1-18, March.
    16. Carl Chiarella & Alexander Khomin, 1996. "Learning Dynamics in a Nonlinear Stochastic Model of Exchange Rates," Working Paper Series 64, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    17. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    18. He, Xue-Zhong & Li, Youwei & Zheng, Min, 2019. "Heterogeneous agent models in financial markets: A nonlinear dynamics approach," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 135-149.
    19. Flaschel, Peter & Sethi, Rajiv, 1999. "Stability in models of money and perfect foresight: implications of non-linearity," Economic Modelling, Elsevier, vol. 16(2), pages 221-233, April.
    20. Threemonkong, Attapol, 1992. "An intertemporal-optimizing general equilibrium model of exchange rates and external imbalances," ISU General Staff Papers 1992010108000012961, Iowa State University, Department of Economics.
    21. Flaschel, Peter & Sethi, Rajiv, 1996. "Classical dynamics in a general model of the Keynes-Wicksell type," Structural Change and Economic Dynamics, Elsevier, vol. 7(4), pages 401-428, December.
    22. Carl Chiarella & Alexander Khomin, 2000. "Learning in a Generalized Dornbusch Model of Exchange Rate Dynamics," Working Paper Series 102, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    23. Stephen J. Turnovsky, 1985. "Short-Term and Long-Term Interest Rates in a Monetary Model of a Small Open Economy," NBER Working Papers 1716, National Bureau of Economic Research, Inc.
    24. O'Mara, L. Paul & Wallace, N.A. & Meshios, Helen, 1987. "The Current Account, Monetary Policy, Market Sentiment And The Real Exchange Rate: Some Implications For The Farm Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(3), pages 1-23, December.

  188. Stephen Turnovsky, 1979. "On the insulation properties of flexible exchange rates," Revue Économique, Programme National Persée, vol. 30(4), pages 719-746.

    Cited by:

    1. John Pitchford, 1993. "The Exchange Rate and Macroeconomic Policy in Australia," RBA Annual Conference Volume (Discontinued), in: Adrian Blundell-Wignall (ed.),The Exchange Rate, International Trade and the Balance of Payments, Reserve Bank of Australia.
    2. Jagdeep Bhandari, 1981. "A stochastic macroequilibrium approach to a floating exchange rate economy with interest-bearing assets," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 1-19, March.

  189. Nguyen, Duc-Tho & Turnovsky, Stephen J, 1979. "Monetary and Fiscal Policies in an Inflationary Economy: A Simulation Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 259-283, August.

    Cited by:

    1. Guglielmo Forges Davanzati, 2020. "The Italian Economic Decline and the Proposal of the State as Innovator of First Resort," Working Papers 0049, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.

  190. Gray, Malcolm R & Turnovsky, Stephen J, 1979. "Expectational Consistency, Informational Lags, and the Formulation of Expectations in Continuous Time Models," Econometrica, Econometric Society, vol. 47(6), pages 1457-1474, November.

    Cited by:

    1. Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2014. "Multiple solutions in systems of functional differential equations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01015386, HAL.
    2. Vines, David & Wren-Lewis, Simon & Kirsanova, Tatiana, 2006. "Fiscal Policy and Macroeconomic Stability Within a Currency Union," CEPR Discussion Papers 5584, C.E.P.R. Discussion Papers.
    3. Hwan C. Lin, 2018. "Computing Transitional Cycles for a Deterministic Time-to-Build Growth Model," Computational Economics, Springer;Society for Computational Economics, vol. 51(3), pages 677-696, March.
    4. Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2012. "Backward- versus Forward-Looking Feedback Interest Rate Rules," Documents de travail du Centre d'Economie de la Sorbonne 12051, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    5. Stephen J. Turnovsky, 1983. "Expanding Exports and the Structure of the Domestic Economy: A Monetary Analysis," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 245-259, September.

  191. Turnovsky, Stephen J., 1979. "Alternative passive monetary policies in an inflationary economy," Journal of Macroeconomics, Elsevier, vol. 1(1), pages 33-63.

    Cited by:

    1. Luisa Montuschi & Omar Chisari, 2016. "En memoria de Julio H. G. Olivera (1929 – 2016)," Económica, Instituto de Investigaciones Económicas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(1), pages 3-21, January-D.
    2. Stephen Turnovsky, 1979. "On the insulation properties of flexible exchange rates," Revue Économique, Programme National Persée, vol. 30(4), pages 719-746.

  192. Turnovsky, Stephen J, 1978. "Macroeconomic Dynamics and Growth in a Monetary Economy: A Synthesis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(1), pages 1-26, February.

    Cited by:

    1. V. Vance Roley, 1983. "Asset Substitutability and the Impact of Federal Deficits," NBER Working Papers 1082, National Bureau of Economic Research, Inc.
    2. Gokan, Yoichi, 2002. "Alternative government financing and stochastic endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 681-706, April.
    3. Stephen J. Turnovsky, 1996. "Trends and Fads in Macroeconomic Dynamics," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 31(1), pages 23-40, January.
    4. Gokan, Yoichi, 2003. "The speed of convergence and alternative government financing," Journal of Economic Dynamics and Control, Elsevier, vol. 27(9), pages 1517-1531, July.
    5. Stephen J. Turnovsky, 1980. "Monetary and Fiscal Policy in a Long‐Run Macroeconomic Model," The Economic Record, The Economic Society of Australia, vol. 56(153), pages 158-170, June.
    6. Alan S. Blinder, 1982. "On the Monetization of Deficits," NBER Working Papers 1052, National Bureau of Economic Research, Inc.
    7. Albert Minguet, 1979. "Reform Of Public Finance Or Abandonment Of Budgetary Policies?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 50(1), pages 53-79, January.
    8. Ian Mcdonald, 1978. "The Dynamic Interactions Between the Phillips Relation and the IS‐LM Model," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 369-379, December.

  193. Kingston, Geoffrey H & Turnovsky, Stephen J, 1978. "A Small Economy in an Inflationary World: Monetary and Fiscal Policies under Fixed Exchange Rates," Economic Journal, Royal Economic Society, vol. 88(349), pages 18-43, March.

    Cited by:

    1. Backhouse, Roger E. & Forder, James & Laskaridis, Christina, 2023. "The natural rate of unemployment and the NAIRU," European Economic Review, Elsevier, vol. 159(C).
    2. Vittorio Corbo, 1983. "Un Modelo de Corto Plazo para una Economía Pequeña y Abierta," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 20(60), pages 177-190.
    3. Atsumasa Kondo & Koji Kitaura, 2012. "International linkage of inflation rates in a dynamic general equilibrium," Journal of Economics, Springer, vol. 107(2), pages 141-155, October.

  194. Turnovsky, Stephen J., 1978. "Stabilization rules and the benefits from price stabilization," Journal of Public Economics, Elsevier, vol. 9(1), pages 37-57, February.

    Cited by:

    1. Shigeru Akiyama & Masahiro Kawai, 1985. "Welfare implications of commodity price stabilization with partially flexible production, private storage and buffer-stock costs," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 121(2), pages 261-279, June.

  195. Just, Richard & Lutz, Ernst & Schmitz, Andrew & Turnovsky, Stephen, 1978. "The distribution of welfare gains from price stabilization : An international perspective," Journal of International Economics, Elsevier, vol. 8(4), pages 551-563, November.

    Cited by:

    1. Koo, Won W. & Burt, Oscar R., 1982. "U.S. Wheat Storage Control Under Joint Criteria Of Mean Benefits And Price Variation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-12, July.
    2. Lopez, Ramon & Nash, John & Stanton, Julie, 1995. "Adjustment and poverty in Mexican agriculture : how farmers'wealth affects supply response," Policy Research Working Paper Series 1494, The World Bank.
    3. CHATON Corinne & CRETI Anna & VILLENEUVE Bertrand, 2006. "The Economics of Seasonal Gas Storage," LERNA Working Papers 06.01.194, LERNA, University of Toulouse.
    4. World Bank, 2005. "Managing Food Price Risks and Instability in an Environment of Market Liberalization," World Bank Publications - Reports 8264, The World Bank Group.
    5. E. Lutz, 1978. "The Welfare Gains from Price Stabilization under Risk Response," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 114(II), pages 115-130, June.
    6. Corinne Chaton & Anna Creti & Bertrand Villeneuve, 2008. "Some economics of seasonal gas storage," Post-Print hal-03984546, HAL.
    7. Morrow, Daniel T., 1980. "The economics of the international stockholding of wheat:," Research reports 18, International Food Policy Research Institute (IFPRI).
    8. Mahama, Ramatu, 1985. "A stochastic simulation of the impact of price insulation policies on world wheat market stability," ISU General Staff Papers 198501010800008868, Iowa State University, Department of Economics.
    9. Montague J. Lord, 1980. "Commodity Export Instability and Growth in the Latin American Economies," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 213-244, National Bureau of Economic Research, Inc.
    10. Bishop, Phillip M. & Pratt, James E. & Novakovic, Andrew M., 1993. "Analyzing the Impacts of the Proposed North American Free Trade Agreement on European-North American Dairy Trade Using a Joint-Input, Multi-Product Approach," Staff Papers 121341, Cornell University, Department of Applied Economics and Management.
    11. Fox, Roger W., 1979. "Brazil's minimum price policy and the agricultural sector of northeast Brazil:," Research reports 9, International Food Policy Research Institute (IFPRI).
    12. Barrera, Carlos, 2010. "¿Respuesta asimétrica de precios domésticos de combustibles ante choques en el WTI?," Working Papers 2010-016, Banco Central de Reserva del Perú.
    13. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    14. John C. Quiggin & Jock R. Anderson, 1981. "Price Bands and Buffer Funds," The Economic Record, The Economic Society of Australia, vol. 57(1), pages 67-73, March.

  196. Burmeister, Edwin & Turnovsky, Stephen J., 1978. "Price expectations, disequilibrium adjustments, and macroeconomic price stability," Journal of Economic Theory, Elsevier, vol. 17(2), pages 287-311, April.

    Cited by:

    1. L. V. Dorofeeva & N. A. Roslyakova, 2022. "Transformations of the Socio-Economic Space of Regions: International Experience and Main Trends," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 2.

  197. John S. Flemming & Stephen J. Turnovsky & Murray C. Kemp, 1977. "On the Choice of Numeraire and Certainty Price in General Equilibrium Models of Price Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 573-583.

    Cited by:

    1. Jonathan Eaton & Gene M. Grossman, 1981. "Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete," NBER Working Papers 0797, National Bureau of Economic Research, Inc.
    2. Lvarez-Parra, Fernando Á & Arreaza, Adriana & Zambrano, Eduardo, 2018. "Should a central bank transfer its profits to the treasury?," LSE Research Online Documents on Economics 123214, London School of Economics and Political Science, LSE Library.
    3. Wright, Brian D. & Williams, Jeffrey C., 1986. "Measurement of Consumer Gains from Market Stabilization," CUDARE Working Papers 198343, University of California, Berkeley, Department of Agricultural and Resource Economics.
    4. James Gaisford & Olena Ivus, 2014. "Should Smaller Countries Be More Protectionist? The Diversification Motive for Tariffs," Review of International Economics, Wiley Blackwell, vol. 22(4), pages 845-862, September.
    5. Maggi, Giovanni & Limão, Nuno, 2013. "Uncertainty and Trade Agreements," CEPR Discussion Papers 9301, C.E.P.R. Discussion Papers.
    6. Willmann, Gerald & Debaere, Peter & Glaser, Toni, 2015. "Choosing between Protectionism and Free Trade in an Uncertain World," CEPR Discussion Papers 10625, C.E.P.R. Discussion Papers.
    7. İpek Çınar & Robert Gulotty, 2022. "Negotiating exclusion: Regulatory barriers in preferential trade agreements," Economics and Politics, Wiley Blackwell, vol. 34(1), pages 192-220, March.
    8. S. Lael Brainard, 1991. "Protecting Losers: Optimal Diversification, Insurance, and Trade Policy," NBER Working Papers 3773, National Bureau of Economic Research, Inc.
    9. Coleman, Jonathan R. & Jones, Chris, 1992. "Measuring welfare changes from commodity price stabilization in small open economies," Policy Research Working Paper Series 1021, The World Bank.

  198. Turnovsky, Stephen J, 1977. "On the Formulation of Continuous Time Macroeconomic Models with Asset Accumulation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(1), pages 1-28, February.

    Cited by:

    1. Chryssi Giannitsarou & Alexia Anagnostopoulos, 2005. "Modeling Time and Macroeconomic Dynamics," Money Macro and Finance (MMF) Research Group Conference 2005 60, Money Macro and Finance Research Group.
    2. Maximilian Beikirch & Simon Cramer & Martin Frank & Philipp Otte & Emma Pabich & Torsten Trimborn, 2020. "Robust Mathematical Formulation And Probabilistic Description Of Agent-Based Computational Economic Market Models," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 23(06), pages 1-41, September.

  199. Turnovsky, Stephen J, 1977. "Structural Expectations and the Effectiveness of Government Policy in a Short-Run Macroeconomic Model," American Economic Review, American Economic Association, vol. 67(5), pages 851-866, December.

    Cited by:

    1. Offick Sven & Wohltmann Hans-Werner, 2016. "Partially Anticipated Monetary Policy Shocks – Are They Stabilizing or Destabilizing?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 236(1), pages 95-127, February.

  200. Burmeister, Edwin & Turnovsky, Stephen J, 1977. "Price Expectations and Stability in a Short-Run Multi-Asset Macro Model," American Economic Review, American Economic Association, vol. 67(1), pages 213-218, February.

    Cited by:

    1. Omar Licandro & Luis A. Puch & Jesús Ruiz, 2018. "Continuous vs Discrete Time Modelling in Growth and Business Cycle Theory," Documentos de Trabajo del ICAE 2018-28, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    2. James Chan-Lee, 1980. "A review of recent work in the area of inflationary expectations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(1), pages 45-86, March.

  201. Turnovsky, Stephen J & Burmeister, Edwin, 1977. "Perfect Foresight, Expectational Consistency, and Macroeconomic Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 85(2), pages 379-393, April.

    Cited by:

    1. Chryssi Giannitsarou & Alexia Anagnostopoulos, 2005. "Modeling Time and Macroeconomic Dynamics," Money Macro and Finance (MMF) Research Group Conference 2005 60, Money Macro and Finance Research Group.
    2. Taurand, Francis, 1985. "Une approche néo-robertsonienne simple des fondements microéconomiques de la théorie monétaire," L'Actualité Economique, Société Canadienne de Science Economique, vol. 61(4), pages 472-488, décembre.
    3. Maußner Alfred, 1988. "Strom- und Bestandsrestriktionen in makroökonomischen Modellen/Flow and Stock Constraints in Macroeconomic Models," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 205(4), pages 316-331, October.

  202. Turnovsky, Stephen J, 1976. "The Relative Stability of Alternative Exchange Rate Systems in the Presence of Random Disturbances," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 8(1), pages 29-50, February.

    Cited by:

    1. Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (ed.), 2009. "Deutschland im internationalen Konjunkturzusammenhang. Expertise im Auftrag der Bundesregierung," Occasional Reports / Expertisen, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, number 75372, September.
    2. Robert P. Flood & Robert J. Hodrick, 1986. "Money and the Open Economy Business Cycle: A Flexible Price Model," NBER Working Papers 1967, National Bureau of Economic Research, Inc.
    3. Jonathan Eaton & Stephen J. Turnovsky, 1984. "The Forward Exchange Market, Speculation, and Exchange Market Intervention," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(1), pages 45-69.
    4. Engel, Charles, 2001. "Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 518-541, May.
    5. Dale W. Henderson, 1982. "The role of intervention policy in open economy financial policy: a macroeconomic perspective," International Finance Discussion Papers 202, Board of Governors of the Federal Reserve System (U.S.).
    6. Michael Devereux & Charles Engel, 2000. "The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production," Discussion Papers in Economics at the University of Washington 0022, Department of Economics at the University of Washington.
    7. Xiaohui Liu & Conglai Fan, 2010. "The model and empirical estimation of the optimal flexibility of RMB exchange-rate regime: A study based on the price-stabilization," Frontiers of Economics in China, Springer;Higher Education Press, vol. 5(2), pages 187-209, June.
    8. BEN ALI Mohamed Sami, 2006. "Capital Account Liberalization And Exchange Rate Regime Choice, What Scope For Flexibility In Tunisia?," William Davidson Institute Working Papers Series wp815, William Davidson Institute at the University of Michigan.
    9. Diego Bastourre & Jorge Carrera, 2004. "Could The Exchange Rate Regime Reduce Macroeconomic Volatility?," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 067, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    10. Hui, George W. L., 1995. "Flexible exchange rates, capital mobility, and monetary instruments of asymmetric economies," International Review of Economics & Finance, Elsevier, vol. 4(2), pages 149-169.
    11. Mireille Linjouom, 2004. "The Costs and Benefits Analysis of CFA Membership: The Choice of an Exchange Rate Regime for the CFA Countries Zone," WIDER Working Paper Series RP2004-14, World Institute for Development Economic Research (UNU-WIDER).
    12. John E. Floyd, 1998. "Stochastic Monetary Interdependence, Currency Regime Choice and the Operation of Monetary Policy," Working Papers floyd-98-01, University of Toronto, Department of Economics.
    13. Willem H. Buiter, 1979. "Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models," NBER Working Papers 0335, National Bureau of Economic Research, Inc.
    14. Stephen Turnovsky, 1979. "On the insulation properties of flexible exchange rates," Revue Économique, Programme National Persée, vol. 30(4), pages 719-746.
    15. Joshua Aizenman, 1984. "Optimal Wage Re-Negotiation," NBER Working Papers 1279, National Bureau of Economic Research, Inc.
    16. Dale Henderson, 1984. "Exchange Market Intervention Operations: Their Role in Financial Policy and Their Effects," NBER Chapters, in: Exchange Rate Theory and Practice, pages 359-406, National Bureau of Economic Research, Inc.
    17. Galy, Michel, 1982. "Regional exchange rate arrangements in a world of floating rates: The experience of the EMS," MPRA Paper 62293, University Library of Munich, Germany.
    18. Jongmoo Jay Choi & M. Ishaq Nadiri, 1982. "Trade Structure and Transmission of Inflation: Theory and Japanese Experience," NBER Working Papers 0923, National Bureau of Economic Research, Inc.
    19. Oscar Landerretche & Fernando Lefort & Rodrigo O. Valdés, 2002. "Causes and Consequences of Indexation: A Review of the Literature," Central Banking, Analysis, and Economic Policies Book Series, in: Fernando Lefort & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Serie (ed.),Indexation, Inflation and Monetary Policy, edition 1, volume 2, chapter 2, pages 019-064, Central Bank of Chile.
    20. Mr. Vladimir Klyuev, 2001. "A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe," IMF Working Papers 2001/140, International Monetary Fund.

  203. John Pitchford & Stephen J. Turnovsky, 1976. "Some Effects of Taxes on Inflation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 523-539.

    Cited by:

    1. Nowotny, Ewald, 1980. "Inflation and Taxation: Reviewing the Macroeconomic Issues," Journal of Economic Literature, American Economic Association, vol. 18(3), pages 1025-1049, September.

  204. Stephen J. Turnovsky, 1976. "Optimal Stabilization Policies for Stochastic Linear Systems: The Case of Correlated Multiplicative and Additive Disturbances," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(1), pages 191-194.

    Cited by:

    1. Stephen J. Turnovsky, 2011. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
    2. Marco Tucci & David Kendrick & Hans Amman, 2013. "Expected Optimal Feedback with Time-Varying Parameters," Computational Economics, Springer;Society for Computational Economics, vol. 42(3), pages 351-371, October.

  205. Turnovsky, Stephen J., 1976. "The dynamics of fiscal policy in an open economy," Journal of International Economics, Elsevier, vol. 6(2), pages 115-142, May.

    Cited by:

    1. Wen-ya Chang & Ching-chong Lai, 1998. "The dynamic unsubstitutability of sterilization operations and neutral-intervention operations under dual exchange rates," Journal of Economics, Springer, vol. 68(3), pages 235-253, October.
    2. Martin F. J. Prachowny, 1979. "A Case for Managed Exchange Rates," The Economic Record, The Economic Society of Australia, vol. 55(2), pages 156-163, June.
    3. Willem H. Buiter & Jonathan Eaton, 1982. "On the Adequacy or Inadequacy of Keynesian Balance-of-Payments Theory: A Rejoinder," NBER Working Papers 1032, National Bureau of Economic Research, Inc.
    4. Stephen Turnovsky, 1979. "The dynamics of an open economy with endogenous monetary and fiscal policies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(2), pages 201-223, June.
    5. Mensah, Isaac Quao, 1982. "Asset market approach to exchange rate determination," ISU General Staff Papers 198201010800008057, Iowa State University, Department of Economics.
    6. Michael M. Hutchison & Charles Pigott, 1984. "Budget deficits, exchange rates and the current account: theory and U. S. evidence," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 5-25.
    7. Akira Takayama & Richard K. Anderson, 1978. "Devaluation, Capital Mobility, and Long‐Run Equilibrium," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 354-368, December.
    8. Jeffrey Sachs & Charles Wyplosz, 1984. "Real Exchange Rate Effects of Fiscal Policy," NBER Working Papers 1255, National Bureau of Economic Research, Inc.

  206. Turnovsky, Stephen J, 1976. "The Distribution of Welfare Gains from Price Stabilization: The Case of Multiplicative Disturbances," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(1), pages 133-148, February.

    Cited by:

    1. Van Groenendaal, W. J. H. & Vingerhoets, J. W. A., 1995. "Can international commodity agreements work?," Journal of Policy Modeling, Elsevier, vol. 17(3), pages 257-278, June.
    2. Campbell, Rachel & Gardiner, B. & Haszler, Henry, 1980. "On The Hidden Revenue Effects Of Wool Price Stabilisation In Australia: Initial Results," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(1), pages 1-15, April.
    3. Christophe C. Gouel, 2012. "Agricultural price instability: a survey of competing explanations and remedies," Post-Print hal-01001218, HAL.
    4. Swaray, Raymond, 2011. "Commodity buffer stock redux: The role of International Cocoa Organization in prices and incomes," Journal of Policy Modeling, Elsevier, vol. 33(3), pages 361-369, May.
    5. Gouel, Christophe, 2013. "Optimal food price stabilisation policy," European Economic Review, Elsevier, vol. 57(C), pages 118-134.
    6. Creti, Anna & Villeneuve, Bertrand, 2008. "Equilibrium Storage in a Markov Economy," MPRA Paper 11944, University Library of Munich, Germany.
    7. Anna Creti & Bertrand Villeneuve, 2013. "Commodity storage with durable shocks : A simple Markovian model," Post-Print hal-01517436, HAL.
    8. Marco de Pinto & Laszlo Goerke, 2022. "Cost uncertainty in an oligopoly with endogenous entry," Bulletin of Economic Research, Wiley Blackwell, vol. 74(4), pages 927-948, October.
    9. William E. Griffiths & Jock R. Anderson, 1978. "Specification Of Agricultural Supply Functions — Empirical Evidence On Wheat In Southern N.S.W," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 115-128, 08-12.
    10. Saadet Kasman & Duygu Ayhan, 2006. "Macroeconomic Volatility under Alternative Exchange Rate Regimes in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 6(2), pages 37-58.
    11. Mahama, Ramatu, 1985. "A stochastic simulation of the impact of price insulation policies on world wheat market stability," ISU General Staff Papers 198501010800008868, Iowa State University, Department of Economics.
    12. Joskow, Paul L. & Noll, Roger G., "undated". "Regulation in Theory and Practice: An Overview," Working Papers 213, California Institute of Technology, Division of the Humanities and Social Sciences.
    13. Arzac, Enrique R., 1979. "An Econometric Evaluation Of Stabilization Policies For The U.S. Grain Market," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-14, July.
    14. Kim, Tae-Kyun, 1989. "The factor bias of technical change and technology adoption under uncertainty," ISU General Staff Papers 1989010108000010138, Iowa State University, Department of Economics.
    15. Fertő, Imre, 1995. "A mezőgazdasági árak stabilizálásának problémáiról [On the problems of stabilizing agricultural prices]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 256-269.
    16. Grams, M. & Schwarz, G., 2003. "Konsequenzen verschiedener Szenarien der EU-Agrarpolitik unter Berücksichtigung von Nachfrageschocks und Unsicherheit auf dem Milchmarkt," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 38.
    17. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    18. Koo, Won W. & Burt, Oscar R., 1979. "Distribution of Social Benefits with Optimal Control of U.S. Wheat Stocks," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277825, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Hans Glismann & Horst Rodemer, 1979. "Wohlfahrtseffekte von bufferstocks zur glÄttung von preisschwankungen auf den weltrohstoffmÄrkten," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(3), pages 467-484, September.

  207. Burmeister, Edwin & Turnovsky, Stephen J, 1976. "The Specification of Adaptive Expectations in Continuous Time Dynamic Economic Models," Econometrica, Econometric Society, vol. 44(5), pages 879-905, September.

    Cited by:

    1. Tivig, Thusnelda, 1987. "The asset market view on flexible exchange rates: A critical comment," Discussion Papers, Series II 18, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    2. De Cesare, Luigi & Sportelli, Mario, 2005. "A dynamic IS-LM model with delayed taxation revenues," Chaos, Solitons & Fractals, Elsevier, vol. 25(1), pages 233-244.
    3. T. Scott Findley, 2015. "Hyperbolic Memory Discounting and the Political Business Cycle," CESifo Working Paper Series 5556, CESifo.

  208. Pyle, David H & Turnovsky, Stephen J, 1976. "The Dynamics of Government Policy in an Inflationary Economy: An "Intermediate-Run" Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 8(4), pages 411-437, November.
    See citations under working paper version above.
  209. Turnovsky, Stephen J, 1975. "Optimal Choice of Monetary Instrument in a Linear Economic Model with Stochastic Coefficients," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 7(1), pages 51-80, February.

    Cited by:

    1. Amman, Hans M & Kendrick, David A, 1999. "Should Macroeconomic Policy Makers Consider Parameter Covariances?," Computational Economics, Springer;Society for Computational Economics, vol. 14(3), pages 263-267, December.
    2. Fair, Ray C., 1988. "Optimal choice of monetary policy instruments in a macroeconometric model," Journal of Monetary Economics, Elsevier, vol. 22(2), pages 301-315, September.
    3. P. Ruben Mercado, 2001. "The Timing of Uncertainty and The Intensity of Policy," Computing in Economics and Finance 2001 55, Society for Computational Economics.
    4. Valdivia Coria, Joab Dan & Valdivia Coria, Daney David, 2019. "Microfundaments of a Monetary Policy Rule, Poole's Rule," MPRA Paper 95489, University Library of Munich, Germany.
    5. Fang, Chung-rou & Lai, Ching-chong, 2002. "Targeting nominal income versus targeting price level: A target zone perspective," International Review of Economics & Finance, Elsevier, vol. 11(3), pages 229-249.
    6. Hans M. Amman & David A. Kendrick, 2003. "A Classification System for Economic Stochastic Control Models," Computing in Economics and Finance 2003 114, Society for Computational Economics.
    7. Hiroki Murakami, 2016. "Alternative monetary policies and economic stability in a medium-term Keynesian model," Evolutionary and Institutional Economics Review, Springer, vol. 13(2), pages 323-362, December.
    8. P. Mercado & David Kendrick, 2006. "Parameter Uncertainty and Policy Intensity: Some Extensions and Suggestions for Further Work," Computational Economics, Springer;Society for Computational Economics, vol. 27(4), pages 483-496, June.
    9. Ronald Davis & Dallas Denery & David Kendrick & Raman Mehra, 2012. "Introduction to the Works of Rodney C. Wingrove: Engineering Approaches to Macroeconomic Modeling," Computational Economics, Springer;Society for Computational Economics, vol. 39(1), pages 71-76, January.
    10. Zafar Hayat & Muhammad Nadim Hanif, 2020. "Assessing the Role of Money versus Interest Rate in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(1), pages 101-114.
    11. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    12. Marco Tucci & David Kendrick & Hans Amman, 2013. "Expected Optimal Feedback with Time-Varying Parameters," Computational Economics, Springer;Society for Computational Economics, vol. 42(3), pages 351-371, October.
    13. Mercado, P. Ruben & Kendrick, David A., 2000. "Caution in macroeconomic policy: uncertainty and the relative intensity of policy," Economics Letters, Elsevier, vol. 68(1), pages 37-41, July.
    14. Valdivia Coria, Joab Dan & Valdivia Coria, Daney David, 2019. "Microfundamentos de una Regla de Política Monetaria, Regla de Poole [Microfundaments of a Monetary Policy Rule, Poole's Rule]," MPRA Paper 93854, University Library of Munich, Germany.
    15. Franklin R. Shupp, 1976. "Uncertainty and Optimal Policy Intensity in Fiscal and Incomes Policies," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 225-237, National Bureau of Economic Research, Inc.
    16. Marco Tucci, 2006. "Understanding the Difference Between Robust Control and Optimal Control in a Linear Discrete-Time System with Time-Varying Parameters," Computational Economics, Springer;Society for Computational Economics, vol. 27(4), pages 533-558, June.

  210. Turnovsky, Stephen J, 1975. "Monetary Policy, Fiscal Policy and the Government Budget Constraint," Australian Economic Papers, Wiley Blackwell, vol. 14(25), pages 197-215, December.

    Cited by:

    1. Henry Thompson, 2021. "An income determination model for Greece in the Euro Zone," Australian Economic Papers, Wiley Blackwell, vol. 60(4), pages 664-673, December.
    2. William J. Frazer JR, 1978. "The Government Budget Constraint," Public Finance Review, , vol. 6(3), pages 381-387, July.
    3. Spector, Lee C, 1999. "Macroeconomic Models and the Determination of Crowding Out," Public Finance = Finances publiques, , vol. 54(1-2), pages 84-98.

  211. Turnovsky, Stephen J, 1974. "The Stability Properties of Optimal Economic Policies," American Economic Review, American Economic Association, vol. 64(1), pages 136-148, March.

    Cited by:

    1. Cuong Le Van & Pierre Malgrange & Michel Deleau, 1984. "Stabilisation efficace des systèmes économiques en présence d'incertitude : expérimentation avec une maquette du modèle DMS," Revue Économique, Programme National Persée, vol. 35(3), pages 507-536.
    2. Mitchell, Douglas W., 2000. "An analytic Riccati solution for two-target discrete-time control," Journal of Economic Dynamics and Control, Elsevier, vol. 24(4), pages 615-622, April.

  212. Stephen J. Turnovsky, 1974. "Technological and Price Uncertainty in a Ricardian Model of International Trade," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(2), pages 201-217.

    Cited by:

    1. Julian di Giovanni & Andrei A. Levchenko, 2012. "The Risk Content of Exports: A Portfolio View of International Trade," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 8(1), pages 97-151.
    2. Cecilia Bellora & Jean-Marc Bourgeon, 2016. "Food trade, Biodiversity Effects and Price Volatility," Working Papers 2016-06, CEPII research center.
    3. José de Sousa & Anne-Célia Disdier & Carl Gaigné, 2019. "Export Decision under Risk," Working Papers halshs-02332958, HAL.
    4. Heiland, Inga, 2019. "Global Risk Sharing through Trade in Goods and Assets: Theory and Evidence," CEPR Discussion Papers 14230, C.E.P.R. Discussion Papers.
    5. Cecilia Bellora & Jean-Marc Bourgeon, 2015. "Agricultural Trade, Biodiversity Effects and Food Price Volatility," CESifo Working Paper Series 5417, CESifo.
    6. OSAKWE, Patrick N, 2007. "Export Diversification And The Dilemma Of African Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(2), pages 143-154.
    7. Bhubanesh Pant, Ph.D. & Rajan Krishna Panta, 2009. "Export Diversification and Competitiveness: Nepal’s Experiences," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 21, pages 1-3, April.
    8. Helpman, Elhanan & Razin, Assaf, 1978. "A theory of international trade under uncertainty," MPRA Paper 22112, University Library of Munich, Germany.
    9. Gervais, Antoine, 2018. "Uncertainty, risk aversion and international trade," Journal of International Economics, Elsevier, vol. 115(C), pages 145-158.
    10. Christophe Gouel & Sébastien Jean, 2015. "Optimal Food Price Stabilization in a Small Open Developing Country," The World Bank Economic Review, World Bank, vol. 29(1), pages 72-101.
    11. Sgro, Pasquale M., 1983. "A Selective Review of Developments in International Trade Theory: Commercial Policy and Free Trade," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 51(01), pages 1-20, April.
    12. James Gaisford & Olena Ivus, 2014. "Should Smaller Countries Be More Protectionist? The Diversification Motive for Tariffs," Review of International Economics, Wiley Blackwell, vol. 22(4), pages 845-862, September.
    13. Christophe Gouel, 2014. "Food price volatility and domestic stabilization policies in developing countries," Post-Print hal-01123318, HAL.
    14. Stephen J. Turnovsky, 1991. "The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis," NBER Working Papers 3916, National Bureau of Economic Research, Inc.
    15. Appelbaum, Elie, 2021. "Implicit Trade in Risk and Risk Aversion," MPRA Paper 113000, University Library of Munich, Germany.
    16. Assaf Razin, 2011. "Comment on "The Risk Content of Exports: A Portfolio View of International Trade"," NBER Chapters, in: NBER International Seminar on Macroeconomics 2011, pages 158-166, National Bureau of Economic Research, Inc.
    17. Sujan Piya & Akira Kiminami & Hironori Yagi, 2010. "Evaluating the Impact of Geographic Concentration on Nepalese Agricultural Export," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 11(2), pages 207-222, September.
    18. Osakwe, Patrick N., 2007. "Foreign Aid, Resources and Export Diversification in Africa: A New Test of Existing Theories," MPRA Paper 2228, University Library of Munich, Germany.
    19. JoAnne Feeney, 1994. "International market interdependence and learning-by-doing in a risky world," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(1), pages 101-117, March.
    20. Feeney, JoAnne, 1999. "International risk sharing, learning by doing, and growth," Journal of Development Economics, Elsevier, vol. 58(2), pages 297-318, April.
    21. Russell Cooper, 1984. "Insurance, Flexibility and Non-contingent Trades," Cowles Foundation Discussion Papers 691, Cowles Foundation for Research in Economics, Yale University.
    22. S. Lael Brainard, 1991. "Protecting Losers: Optimal Diversification, Insurance, and Trade Policy," NBER Working Papers 3773, National Bureau of Economic Research, Inc.
    23. Ons Abbes & Pr. Abdessatar Ati & Dr. Fabienne Boudier, 2019. "Specialization of Emerging Countries and Economic Stability," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 200-227, March.
    24. Coleman, Jonathan R. & Jones, Chris, 1992. "Measuring welfare changes from commodity price stabilization in small open economies," Policy Research Working Paper Series 1021, The World Bank.
    25. Murray C. Kemp & Hiroshi Ohta, 1979. "Some Implications of Uncertainty in a Small Open Economy," The Economic Record, The Economic Society of Australia, vol. 55(4), pages 354-358, December.
    26. Hernández, Juan M. & Suárez-Vega, Rafael & Santana-Jiménez, Yolanda, 2016. "The inter-relationship between rural and mass tourism: The case of Catalonia, Spain," Tourism Management, Elsevier, vol. 54(C), pages 43-57.

  213. Turnovsky, Stephen J, 1974. "On the Role of Inflationary Expectations in a Short-Run Macro-Economic Model," Economic Journal, Royal Economic Society, vol. 84(334), pages 317-337, June.

    Cited by:

    1. Nowotny, Ewald, 1980. "Inflation and Taxation: Reviewing the Macroeconomic Issues," Journal of Economic Literature, American Economic Association, vol. 18(3), pages 1025-1049, September.
    2. F. Ploeg, 1989. "Disposable income, unemployment, inflation and state spending in a dynamic political-economic model," Public Choice, Springer, vol. 60(3), pages 211-239, March.

  214. Stephen J. Turnovsky, 1974. "Price Expectations and the Welfare Gains from Price Stabilization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(4), pages 706-716.

    Cited by:

    1. Gardner, Bruce & Chavas, Jean-Paul, 1979. "Market Equilibrium With Random Production," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278368, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Nuppenau, Ernst-August, 2012. "DYNAMIC CONTROL AS MEASURE TO STABILIZE AGRICULTUTAL MARKETS: On Theory and Options to Correct Cyclical Movements," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122467, European Association of Agricultural Economists.
    3. Alston, Julian M. & Freebairn, John W., 1988. "Producer Price Equalization," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-34, December.
    4. Christophe C. Gouel, 2012. "Agricultural price instability: a survey of competing explanations and remedies," Post-Print hal-01001218, HAL.
    5. Creti, Anna & Villeneuve, Bertrand, 2008. "Equilibrium Storage in a Markov Economy," MPRA Paper 11944, University Library of Munich, Germany.
    6. Anna Creti & Bertrand Villeneuve, 2013. "Commodity storage with durable shocks : A simple Markovian model," Post-Print hal-01517436, HAL.
    7. Helmberger, Peter G. & Campbell, Gerald R. & Dobson, William D., 1981. "PART IV. Organization and Performance of Agricultural Markets," AAEA Monographs, Agricultural and Applied Economics Association, number 337229.
    8. Simmons, Phil, 1988. "A Theoretical Discussion Of The Economic Effects Of Buffer Stocks And Buffer Funds," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 32(2-3), pages 1-13, August.
    9. J. W. Freebairn, 1976. "The Value and Distribution of the Benefits of Commodity Price Outlook Information," The Economic Record, The Economic Society of Australia, vol. 52(2), pages 199-212, June.
    10. K. L. Robinson, 1975. "Unstable Farm Prices: Economic Consequences and Policy Options," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 769-777.
    11. Kamal Saggi & Mark Wu, 2015. "Understanding Agricultural Price Range Systems as Trade Restraints: Peru – Agricultural Products (DS457)," Vanderbilt University Department of Economics Working Papers 15-00009, Vanderbilt University Department of Economics.
    12. Kamal Saggi & Mark Wu, 2018. "Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products," World Scientific Book Chapters, in: Kamal Saggi (ed.), Economic Analysis of the Rules and Regulations of the World Trade Organization, chapter 20, pages 455-482, World Scientific Publishing Co. Pte. Ltd..
    13. Bigman, David, 1982. "Buffer stocks operation with different supply specification: A simulation analysis," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 24(1), pages 77-87.
    14. Flåm, Sjur Didrik & Gaasland, Ivar & Vårdal, Erling, 2006. "On Stabilizing or Deregulating Food Prices," Working Papers in Economics 08/06, University of Bergen, Department of Economics.
    15. Wolanowski, A.M. & Strong, S.M., 1977. "Supply And Demand Stabilization And Economic Welfare In Agriculture: Some Dynamic Considerations," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(03), pages 1-9, September.
    16. Montague J. Lord, 1980. "Commodity Export Instability and Growth in the Latin American Economies," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 213-244, National Bureau of Economic Research, Inc.
    17. Subotnik, Abraham & Houck, James P., 1975. "An Economic Analysis Of Stabilizing Schemes," Staff Papers 13643, University of Minnesota, Department of Applied Economics.
    18. Jesse, Edward V., 1979. "Social Welfare Implications of Federal Marketing Orders for Fruits and Vegetables," Technical Bulletins 157853, United States Department of Agriculture, Economic Research Service.
    19. John W. Freebairn, 1976. "Welfare Implications Of More Accurate Rational Forecast Prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 92-102, August.
    20. Heifner, Richard G. & Plato, Gerald E., 1979. "Wheat Price Bands And Welfare: An Analysis Of Stabilization Alternatives," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271466, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    21. Matthew Butlin, 1976. "The Welfare Effects of Price Stabilization:A Simple Multi ‐ Market Extension," The Economic Record, The Economic Society of Australia, vol. 52(4), pages 483-496, December.
    22. Fertő, Imre, 1995. "A mezőgazdasági árak stabilizálásának problémáiról [On the problems of stabilizing agricultural prices]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 256-269.
    23. Elodie Maître d'Hôtel & Tristan Le Cotty & Thom Jayne, 2013. "Trade Policy Inconsistency and Maize Price Volatility: An ARCH Approach in Kenya," African Development Review, African Development Bank, vol. 25(4), pages 607-620, December.
    24. Freebairn, John W., 1978. "Supply and Demand Stabilization and Welfare in Agriculture: Some Dynamic Considerations - A Comment," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(03), pages 1-4, December.
    25. Hill, Lowell & Lazarus, Sheryl & Wiboonspongse, Aree, 1982. "Risk And Uncertainty In World Grain Markets," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 21(2), October.
    26. P. B. R. Hazell & P. L. Scandizzo, 1975. "Market Intervention Policies When Production Is Risky," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 641-649.

  215. Stephen J. Turnovsky & Andre Kaspura, 1974. "An Analysis of Imported Inflation in a Short-Run Macroeconomic Model," Canadian Journal of Economics, Canadian Economics Association, vol. 7(3), pages 355-380, August.

    Cited by:

    1. Fischer, Malte, 1996. "Die Preisbildung im westdeutschen Außenhandel: Eine empirische Analyse," Kiel Working Papers 782, Kiel Institute for the World Economy (IfW Kiel).
    2. Sung Y. Kwack, 1974. "Price linkage in an interdependent world economy: price responses to exchange rate and activity changes," International Finance Discussion Papers 56, Board of Governors of the Federal Reserve System (U.S.).
    3. Horst Herberg & Helmut Hesse & Andreas Schuseil, 1982. "Imports of intermediate goods and the efficacy of fiscal policy under flexible exchange rates," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 118(1), pages 104-130, March.
    4. Stephen Turnovsky, 1979. "On the insulation properties of flexible exchange rates," Revue Économique, Programme National Persée, vol. 30(4), pages 719-746.
    5. Jongmoo Jay Choi & M. Ishaq Nadiri, 1982. "Trade Structure and Transmission of Inflation: Theory and Japanese Experience," NBER Working Papers 0923, National Bureau of Economic Research, Inc.
    6. Michael Bruno & Jeffrey Sachs, 1979. "Macro-Economic Adjustment With Import Price Shocks: Real and Monetary Aspects," NBER Working Papers 0340, National Bureau of Economic Research, Inc.
    7. Atsumasa Kondo & Koji Kitaura, 2012. "International linkage of inflation rates in a dynamic general equilibrium," Journal of Economics, Springer, vol. 107(2), pages 141-155, October.

  216. Turnovsky, Stephen J, 1973. "Production Flexibility, Price Uncertainty and the Behavior of the Competitive Firm," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 395-413, June.

    Cited by:

    1. Tai-Hsin Huang & Ying-Ting Liao & Li-Chih Chiang, 2010. "An examination on the cost efficiency of the banking industry under multiple output prices' uncertainty," Applied Economics, Taylor & Francis Journals, vol. 42(9), pages 1169-1182.
    2. Meilke, K.D. & Weersink, A., 1991. "An Analysis of the Effects of Government Payments to Grain and Oilseeds Producers on Cropping Decisions," Papers 9-91, Gouvernement du Canada - Agriculture Canada.
    3. Nitzan Weiss, 1984. "Capital Markets, Output, and the Demand for Inputs under Uncertainty," Eastern Economic Journal, Eastern Economic Association, vol. 10(1), pages 51-69, Jan-Mar.
    4. Fraser, R W, 1984. "Demand Fluctuations, Inventories and Flexibility," Australian Economic Papers, Wiley Blackwell, vol. 23(42), pages 105-111, June.
    5. Mordecai Kurz, 2005. "Measuring the Ex-Ante Social Cost of Aggregate Volatility," Discussion Papers 04-006, Stanford Institute for Economic Policy Research.
    6. Robison, Lindon J. & Abkin, Michael H., 1981. "Theoretical and Practical Models for Investment and Disinvestment Decision Making Under Uncertainty in the Energy Supply Industry," Agricultural Economic Report Series 201288, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. William Novshek & Lynda Thoman, 1999. "Demand for Customized Products, Production Flexibility, and Price Competition," CIG Working Papers FS IV 99-37, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    8. William E. Griffiths & Jock R. Anderson, 1978. "Specification Of Agricultural Supply Functions — Empirical Evidence On Wheat In Southern N.S.W," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 115-128, 08-12.
    9. Hennessy, David A., 1993. "Applications of contingent claims theory to microeconomic problems," ISU General Staff Papers 1993010108000011822, Iowa State University, Department of Economics.
    10. Bruce Larson & George Frisvold, 1996. "Uncertainty over future environmental taxes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(4), pages 461-471, December.
    11. Kit Pong Wong, 2003. "Forward Markets and the Behaviour of the Competitive Firm with Production Flexibility," Bulletin of Economic Research, Wiley Blackwell, vol. 55(3), pages 303-310, July.
    12. Kakinaka, Makoto, 2004. "Endogenous Policy Reform: Learning versus Flexibility in Industrial Policy Design for Open Economics," Working Papers 04-15, Cornell University, Center for Analytic Economics.
    13. Sophie Lecostey, 2020. "Employment protection and country's attractiveness: a more ambiguous relationship than is usually assumed," Economics Bulletin, AccessEcon, vol. 40(4), pages 2734-2740.
    14. Sophie Lecostey, 1992. "Incertitude, concurrence entre grandes et petites firmes et altération de la relation structure-performance," Économie et Prévision, Programme National Persée, vol. 102(1), pages 11-25.
    15. A.L. Hillman & E. Katz, 1984. "Oil Price Instability and Domestic Energy Substitution for Imported Oil," The Economic Record, The Economic Society of Australia, vol. 60(1), pages 85-89, March.
    16. Fathali Firoozi, 1995. "On the Competitive Response to Technological Advance," The American Economist, Sage Publications, vol. 39(2), pages 61-64, October.
    17. Fishelson, Gideon, 1988. "Imperfect Competition Under Uncertainty," Foerder Institute for Economic Research Working Papers 275451, Tel-Aviv University > Foerder Institute for Economic Research.
    18. Sophie Lecostey, 1994. "Concurrence stratégique et incertitude : la valeur startégique de la flexibilité," Revue Économique, Programme National Persée, vol. 45(6), pages 1443-1458.
    19. Horbulyk, Theodore M., 1990. "Firm Response to Price Uncertainty: Tripartite Stabilization and the Western Canadian Cattle Industry," Working Papers 244038, Agriculture and Agri-Food Canada.
    20. Demers, Fanny S. & Demers, Michel, 1994. "Prudence, demand uncertainty background risk and the law of supply : anonexpected utility approach to the firm," CEPREMAP Working Papers (Couverture Orange) 9425, CEPREMAP.
    21. Udo Broll & Kit Wong, 2013. "The firm under uncertainty: real and financial decisions," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 36(2), pages 125-136, November.
    22. Mantell, Edmund H., 2021. "The economics of posted prices in a concentrated market where demand is uncertain," Research in Economics, Elsevier, vol. 75(4), pages 365-375.
    23. Aranoff, Gerald, 2011. "Competitive manufacturing with fluctuating demand and diverse technology: Mathematical proofs and illuminations on industry output-flexibility," Economic Modelling, Elsevier, vol. 28(3), pages 1441-1450, May.
    24. Broll, Udo & Wong, Keith K.P., 2010. "The firm under uncertainty: capital structure and background risk," Dresden Discussion Paper Series in Economics 04/10, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    25. Chen Lin & Thomas Schmid & Michael S. Weisbach, 2017. "Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms," NBER Working Papers 23434, National Bureau of Economic Research, Inc.
    26. Zhang, Tingting (Grace) & You, Yu, 2021. "Scale or efficiency? Performance shortfall and engagement in production activities of foreign subsidiaries in China," Journal of International Management, Elsevier, vol. 27(1).

  217. Stephen J. Turnovsky, 1973. "Optimal Stabilization Policies for Deterministic and Stochastic Linear Economic Systems," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(1), pages 79-95.

    Cited by:

    1. Stephen J. Turnovsky, 2011. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
    2. Hans M. Amman & David A. Kendrick, 2003. "A Classification System for Economic Stochastic Control Models," Computing in Economics and Finance 2003 114, Society for Computational Economics.
    3. Galy, Michel, 1985. "Évaluation du processus d'intégration monétaire au sein du Système Monétaire Européen [Evaluation of the monetary integration process within the European Monetary Ststem]," MPRA Paper 62353, University Library of Munich, Germany.
    4. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
    5. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    6. S. J. Turnovsky, 1973. "Optimal Stabilization Policies in a Market with Lagged Adjustment in Supply," The Economic Record, The Economic Society of Australia, vol. 49(1), pages 31-49, March.

  218. Turnovsky, Stephen J & Wachter, Michael L, 1972. "A Test of the "Expectations Hypothesis" Using Directly Observed Wage and Price Expectations," The Review of Economics and Statistics, MIT Press, vol. 54(1), pages 47-54, February.
    See citations under working paper version above.
  219. Burmeister, Edwin & Turnovsky, Stephen J, 1972. "Capital Deepening Response in an Economy with Heterogeneous Capital Goods," American Economic Review, American Economic Association, vol. 62(5), pages 842-853, December.

    Cited by:

    1. R.C. Maysami & C.S. Soh, 1998. "An empirical analysis of Singapore’s monetary and exchange rate policies in the 1990s," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(204), pages 55-71.
    2. Mitra, Tapan, 2000. "Intertemporal Equity and Efficient Allocation of Resources," Working Papers 00-12, Cornell University, Center for Analytic Economics.
    3. G. C. Harcourt, 1975. "Decline and Rise: The Revival of (Classical) Political Economy," The Economic Record, The Economic Society of Australia, vol. 51(3), pages 339-356, September.
    4. Dhillon, Pritam S., 1979. "On A Consistent Definition Of Intensive Use Of A Resource," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 8(1), pages 1-2, April.
    5. R.C. Maysami & C.S. Soh, 1998. "An empirical analysis of Singapore’s monetary and exchange rate policies in the 1990s," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 51(204), pages 55-71.
    6. Gunter Stephan & Georg M ller-F rstenberger, 2006. "Discounting The Global Climate When Technological Change is Endogenous," Diskussionsschriften dp0603, Universitaet Bern, Departement Volkswirtschaft.
    7. Murray Brown, 1980. "The Measurement of Capital Aggregates: A Postreswitching Problem," NBER Chapters, in: The Measurement of Capital, pages 377-432, National Bureau of Economic Research, Inc.
    8. Gaetano Bloise & Pietro Reichlin, 2009. "An Obtrusive Remark On Capital And Comparative Statics," Metroeconomica, Wiley Blackwell, vol. 60(1), pages 54-76, February.
    9. Edwin Burmeister, 2008. "Equal Organic Composition Of Capital And Regularity," Metroeconomica, Wiley Blackwell, vol. 59(3), pages 323-346, July.
    10. KUROSE, Kazuhiro, 2015. "The Structure of the Models of Structural Change and Kaldor's Facts: A Critical Survey," CCES Discussion Paper Series 59, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
    11. Freni, Giuseppe, 2016. "Back to the Sixties: A Note on Multi-Primary-Factor Linear Models with Homogeneous Capital," MPRA Paper 73677, University Library of Munich, Germany.
    12. Müller-Fürstenberger, Georg & Stephan, Gunter, 2011. "What really matters: Discounting, technological change and sustainable climate," Ecological Economics, Elsevier, vol. 70(5), pages 978-987, March.
    13. Withagen, Cees & B. Asheim, Geir, 1998. "Characterizing sustainability: The converse of Hartwick's rule," Journal of Economic Dynamics and Control, Elsevier, vol. 23(1), pages 159-165, September.
    14. Brock, William & Xepapadeas, Anastasios, 2008. "Diffusion-induced instability and pattern formation in infinite horizon recursive optimal control," Journal of Economic Dynamics and Control, Elsevier, vol. 32(9), pages 2745-2787, September.

  220. Henderson, Dale W. & Turnovsky, Stephen J., 1972. "Optimal macroeconomic policy adjustment under conditions of risk," Journal of Economic Theory, Elsevier, vol. 4(1), pages 58-71, February.

    Cited by:

    1. Stephen J. Turnovsky, 2011. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
    2. Volker Wieland, "undated". "Monetary Policy and Uncertainty about the Natural Unemployment Rate," Computing in Economics and Finance 1997 11, Society for Computational Economics.
    3. Hans M. Amman & David A. Kendrick, 2003. "A Classification System for Economic Stochastic Control Models," Computing in Economics and Finance 2003 114, Society for Computational Economics.
    4. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
    5. Reinhard Neck & Sohbet Karbuz, 2017. "Dynamic Optimization under Uncertainty: A Case Study for Austrian Macroeconomic Policies," Proceedings of International Academic Conferences 5808250, International Institute of Social and Economic Sciences.
    6. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    7. Marco Tucci, 2006. "Understanding the Difference Between Robust Control and Optimal Control in a Linear Discrete-Time System with Time-Varying Parameters," Computational Economics, Springer;Society for Computational Economics, vol. 27(4), pages 533-558, June.

  221. Turnovsky, Stephen J & Weintraub, E Roy, 1971. "Stochastic Stability of a General Equilibrium System under Adaptive Expectations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 12(1), pages 71-86, February.

    Cited by:

    1. Takashi Kamihigashi, 2010. "Recurrent Bubbles," Discussion Paper Series DP2010-27, Research Institute for Economics & Business Administration, Kobe University, revised Nov 2010.

  222. David H. Pyle & Stephen J. Turnovsky, 1971. "Risk Aversion in Chance Constrained Portfolio Selection," Management Science, INFORMS, vol. 18(3), pages 218-225, November.

    Cited by:

    1. Zhiping Chen & Shen Peng & Abdel Lisser, 2020. "A sparse chance constrained portfolio selection model with multiple constraints," Journal of Global Optimization, Springer, vol. 77(4), pages 825-852, August.
    2. Li, Zhongfei & Yao, Jing & Li, Duan, 2010. "Behavior patterns of investment strategies under Roy's safety-first principle," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(2), pages 167-179, May.

  223. Burmeister, Edwin & Turnovsky, Stephen J, 1971. "The Degree of Joint Production," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 12(1), pages 99-105, February.

    Cited by:

    1. Olesen, O. B., 1995. "Some unsolved problems in data envelopment analysis: A survey," International Journal of Production Economics, Elsevier, vol. 39(1-2), pages 5-36, April.

  224. Pyle, David H & Turnovsky, Stephen J, 1970. "Safety-First and Expected Utility Maximization in Mean-Standard Deviation Portfolio Analysis," The Review of Economics and Statistics, MIT Press, vol. 52(1), pages 75-81, February.

    Cited by:

    1. Eidman, V., 1989. "Quantifying and managing risk in agriculture," 1989 Annual Conference, September 25-27, Bloemfontein, South Africa 314723, Agricultural Economics Association of South Africa (AEASA).
    2. Dohi, T. & Tanaka, H. & Kaio, N. & Osaki, S., 1995. "Alternative growth versus security in continuous dynamic trading," European Journal of Operational Research, Elsevier, vol. 84(2), pages 265-278, July.
    3. Roy S., 1996. "Theory of dynamic portfolio choice for survival under uncertainty," Mathematical Social Sciences, Elsevier, vol. 31(1), pages 61-62, February.
    4. Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    5. William E. Foster & Gordon C. Rausser, 1991. "Farmer Behavior under Risk of Failure," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 276-288.
    6. Haley, M. Ryan & McGee, M. Kevin, 2011. ""KLICing" there and back again: Portfolio selection using the empirical likelihood divergence and Hellinger distance," Journal of Empirical Finance, Elsevier, vol. 18(2), pages 341-352, March.
    7. Stutzer, Michael, 2020. "Persistence of averages in financial Markov Switching models: A large deviations approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 553(C).
    8. Grauer, Robert R., 2013. "Limiting losses may be injurious to your wealth," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5088-5100.
    9. Gren, Ing-Marie & Carlsson, Mattias & Elofsson, Katarina & Munnich, Miriam, 2012. "Stochastic carbon sinks for combating carbon dioxide emissions in the EU," Energy Economics, Elsevier, vol. 34(5), pages 1523-1531.
    10. Young, Douglas L. & Van Kooten, G.C., 1988. "Incorporating Risk Into A Dynamic Programming Application: Flexcropping," Regional Research Projects > 1988: S-180 Annual Meeting, March 20-23, 1988, Savannah, Georgia 272781, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    11. Adelman, Irma & Hihn, J. Michael & Head, Thomas, 1981. "An Approach to Policy Evaluation in the Egyptian Agricultural Sector: Simulation of Egyptian Village Economy," Working Papers 232858, University of California, Davis, Agricultural Development Systems: Egypt Project.
    12. Atwood, Joseph A. & Buschena, David E., 2003. "Evaluating the magnitudes of financial transactions costs on risk behavior," Agricultural Systems, Elsevier, vol. 75(2-3), pages 235-249.
    13. Li, Zhongfei & Yao, Jing & Li, Duan, 2010. "Behavior patterns of investment strategies under Roy's safety-first principle," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(2), pages 167-179, May.
    14. Michael Sattinger, 2010. "The Markov Consumption Problem," Discussion Papers 10-03, University at Albany, SUNY, Department of Economics.
    15. Arnade, Carlos Anthony & Cooper, Joseph C., 2012. "Acreage Response under Varying Risk Preferences," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(3), pages 1-17.
    16. Celikyurt, U. & Ozekici, S., 2007. "Multiperiod portfolio optimization models in stochastic markets using the mean-variance approach," European Journal of Operational Research, Elsevier, vol. 179(1), pages 186-202, May.
    17. Helmers, Glenn A. & Held, Larry J. & Watts, Myles J., 1982. "Estimating the Impact of Safety First Risk Constraints on Risk-Income Frontiers," 1982 Annual Meeting, August 1-4, Logan, Utah 279474, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Yohannes Girma & Berhanu Kuma & Amsalu Bedemo, 2023. "Risk Aversion and Perception of Farmers about Endogenous Risks: An Empirical Study for Maize Producers in Awi Zone, Amhara Region of Ethiopia," JRFM, MDPI, vol. 16(2), pages 1-29, February.
    19. Sharma, Sankalp & Schoengold, Karina, 2016. "A Comparison of Stated and Revealed Risk Preferences using Safety-First," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236126, Agricultural and Applied Economics Association.
    20. Levy, Haim & Levy, Moshe, 2009. "The safety first expected utility model: Experimental evidence and economic implications," Journal of Banking & Finance, Elsevier, vol. 33(8), pages 1494-1506, August.
    21. Atwood, Joseph A. & Watts, Myles J. & Helmers, Glenn A. & Held, Larry J., 1988. "Incorporating Safety-First Constraints In Linear Programming Production Models," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-8, July.
    22. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    23. Sergiy Gerasymchuk, 2007. "Mean-Variance Portfolio Selection with Reference Dependent Preferences," Working Papers 150, Department of Applied Mathematics, Università Ca' Foscari Venezia.
    24. Gren, Ing-Marie & Carlsson, Mattias, 2013. "Economic value of carbon sequestration in forests under multiple sources of uncertainty," Journal of Forest Economics, Elsevier, vol. 19(2), pages 174-189.
    25. Selley, Roger, 1980. "Specification Of Firm Level Risk Behavior Models: Another Look At The Alternatives," Risk Analysis in Agriculture: Research and Educational Developments, January 16-18, 1980, Tucson, Arizona 271562, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    26. Blank, Steven C., 1990. "Returns To Limited Crop Diversification," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-9, December.
    27. Itami, Hiroyuki, 1974. "Parametric Evaluation and Mean-Standard Deviation Analysis in Stochastic Programming Models," Hitotsubashi Journal of commerce and management, Hitotsubashi University, vol. 9(1), pages 62-82, July.
    28. Yuan, Shiwei & Li, Xin & Du, Erhu, 2021. "Effects of farmers’ behavioral characteristics on crop choices and responses to water management policies," Agricultural Water Management, Elsevier, vol. 247(C).
    29. Purcell, David L. & Turner, Steven C. & Houston, Jack E. & Hall, Charles R., 1993. "A Portfolio Approach To Landscape Plant Production And Marketing," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(2), pages 1-14, December.
    30. Gren, Ing-Marie Gren & Elofsson, Katarina, 2013. "Value of land use for carbon sequestration: An application to the EU climate policy," Working Paper Series 2012:4, Swedish University of Agricultural Sciences, Department Economics.
    31. Gren, Ing-Marie & Baxter, Peter & Mikusinski, Grzegorz & Possingham, Hugh, 2014. "Cost-effective biodiversity restoration with uncertain growth in forest habitat quality," Journal of Forest Economics, Elsevier, vol. 20(1), pages 77-92.
    32. Haim Levy, 2010. "The CAPM is Alive and Well: A Review and Synthesis," European Financial Management, European Financial Management Association, vol. 16(1), pages 43-71, January.

  225. Turnovsky, Stephen J, 1970. "Financial Structure and the Theory of Production," Journal of Finance, American Finance Association, vol. 25(5), pages 1061-1080, December.

    Cited by:

    1. stanley c. w. salvary, 2005. "The Accounting Variable And Stock Price Determination," Finance 0502011, University Library of Munich, Germany.
    2. Romina Bafile & Alessandro Piergallini, 2017. "Firms’ money demand and monetary policy," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 350-382, August.

  226. Turnovsky, Stephen J., 1969. "A bayesian approach to the theory of expectations," Journal of Economic Theory, Elsevier, vol. 1(2), pages 220-227, August.

    Cited by:

    1. Georges Prat, 1992. "Anticipations, prime de terme et maturité du titre long : que nous enseignent les données séculaires sur la structure des taux d'intérêt ? États-Unis de 1873 à 1975," Revue Économique, Programme National Persée, vol. 43(6), pages 1037-1070.
    2. Bernard Walliser, 1982. "Equilibres et anticipations," Revue Économique, Programme National Persée, vol. 33(4), pages 594-638.
    3. Koskela, Erkki & Virén, Matti, 1988. "Dynamics of the demand for money and uncertainty: The U.S. demand for money revisited," Bank of Finland Research Discussion Papers 4/1988, Bank of Finland.
    4. Triebs, Thomas & Tumlinson, Justin, 2014. "Learning Capitalism The Hard Way: Evidence From Germany's Reunification," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100457, Verein für Socialpolitik / German Economic Association.
    5. Lester D. Taylor, 1974. "Price Expectations and Households' Demand for Financial Assets," NBER Chapters, in: Explorations in Economic Research, Volume 1, number 2, pages 258-339, National Bureau of Economic Research, Inc.
    6. Virén, Matti, 2005. "Inflation expectations and regime shifts in the euro area," Bank of Finland Research Discussion Papers 25/2005, Bank of Finland.
    7. Amano, Masanori, 1999. "Credit rationing of a Bayesian bank with simple screening technologies," Japan and the World Economy, Elsevier, vol. 11(4), pages 545-556, December.
    8. Weber, A.A., 1988. "The credibility of monetary policies, policymakers' reputation and the EMS-hypothesis : Empirical evidence from 13 countries," Other publications TiSEM 7d95e7bb-efff-41a6-8ea2-b, Tilburg University, School of Economics and Management.
    9. Weber, A.A., 1988. "The credibility of monetary policies, policymakers' reputation and the EMS-hypothesis : Empirical evidence from 13 countries," Discussion Paper 1988-3, Tilburg University, Center for Economic Research.
    10. Anonymous or collective, 1991. "II- Comment se forment les anticipations d'inflation ?," Économie et Prévision, Programme National Persée, vol. 99(3), pages 13-29.

  227. Stephen J. Turnovsky, 1968. "International Trading Relationships for a Small Country: The Case of New Zealand," Canadian Journal of Economics, Canadian Economics Association, vol. 1(4), pages 772-790, November.

    Cited by:

    1. Antônio Donizette de Oliveira & Orlando Monteiro da Silva & José Luiz Pereira de Rezende, 1996. "Importação de celulose: demandas diferenciadas por local de origem," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 6(1), pages 165-194, July.
    2. Grant M. Scobie & Paul R. Johnson, 1979. "The Price Elasticity Of Demand For Exports: A Comment On Throsby And Rutledge," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 23(1), pages 62-66, April.
    3. Athanasoglou, Panayiotis & Bardaka, Ioanna, 2010. "New trade theory, non-price competitiveness and export performance," MPRA Paper 32047, University Library of Munich, Germany.
    4. Panayiotis P. Athanasoglou & Ioanna C. Bardaka, 2008. "Price and Non - Price Competitiveness of Exports of Manufactures," Working Papers 69, Bank of Greece.
    5. Grant M. Scobie & Paul R. Johnson, 1974. "Protection and Exchange Rate: An Analysis of the New Zealand Foreign Exchange Market," The Economic Record, The Economic Society of Australia, vol. 50(4), pages 534-554, December.
    6. Premakumar, Velupillai, 1990. "Measuring the impacts of credit restrictions on the trade performance of debtor nations," ISU General Staff Papers 1990010108000010382, Iowa State University, Department of Economics.

  228. Stephen J. Turnovsky, 1968. "Stochastic Stability of Short-Run Market Equilibrium under Variations in Supply," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(4), pages 666-681.

    Cited by:

    1. Poitras, Geoffrey, 2022. "Cobweb Theory, Market Stability and Price Expectations," OSF Preprints xsemj, Center for Open Science.
    2. Dufresne, Daniel & Vázquez-Abad, Felisa, 2012. "Cobweb theorems with production lags and price forecasting," Economics Discussion Papers 2012-17, Kiel Institute for the World Economy (IfW Kiel).
    3. Dufrfesne, Daniel & Vázquez-Abad, Felisa, 2013. "Cobweb theorems with production lags and price forecasting," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 7, pages 1-49.

Chapters

  1. Stephen J. Turnovsky & Wen Fang Liu, 2005. "Consumption and production externalities in a small open economy with accumulating capital," Chapters, in: Sisira Jayasuriya (ed.), Trade Theory, Analytical Models and Development, chapter 9, Edward Elgar Publishing.

    Cited by:

    1. Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2021. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 108335, University Library of Munich, Germany.
    2. Schünemann, Johannes & Trimborn, Timo, 2017. "Boosting taxes for boasting about houses: Status concerns in the housing market," ECON WPS - Working Papers in Economic Theory and Policy 05/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    3. Caballé, Jordi & Moro-Egido, Ana I., 2021. "Do aspirations reduce differences in wealth accumulation?," Economic Modelling, Elsevier, vol. 102(C).
    4. Guoqiang Tian & Liyan Yang, 2009. "Theory of negative consumption externalities with applications to the economics of happiness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 399-424, June.
    5. Ratbek Dzhumashev & Ainura Tursunalieva, 2023. "Social externalities, endogenous childcare costs, and fertility choice," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(1), pages 397-429, January.
    6. Cheng-wei Chang & Ching-chong Lai, 2021. "Optimal fiscal policies and market structures with monopolistic competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1385-1411, December.
    7. Congliang Wu & Ning Zhang, 2022. "The Unintended Consequences of Urban Community Infrastructure Investment for Consumption in China," Sustainability, MDPI, vol. 14(6), pages 1-11, March.

Books

  1. Theo S. Eicher & Stephen J. Turnovsky (ed.), 2007. "Inequality and Growth: Theory and Policy Implications," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550644, December.

    Cited by:

    1. Tommaso Ciarli & André Lorentz & Maria Savona & Marco Valente, 2010. "The Effect of Consumption and Production Structure on Growth and Distribution. A Micro to Macro Model," Post-Print hal-03261674, HAL.

  2. Stephen J. Turnovsky, 2000. "Methods of Macroeconomic Dynamics, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262201232, December.

    Cited by:

    1. Piergallini, Alessandro, 2020. "Is Fiscal Austerity Really Self-Defeating?," MPRA Paper 112071, University Library of Munich, Germany.
    2. Peter A. Schmid, 2013. "The destabilizing effect of company income taxation," Society and Economy, Akadémiai Kiadó, Hungary, vol. 35(3), pages 365-388, September.
    3. Erauskin, Iñaki, 2013. "The impact of financial openness on the size of utility-enhancing government," Economics Discussion Papers 2013-7, Kiel Institute for the World Economy (IfW Kiel).
    4. Clausen, Volker & Wohltmann, Hans-Werner, 2005. "Monetary and Fiscal Policy in a Large Asymmetric Monetary Union - A Dynamic Three-Country Analysis," Economics Working Papers 2005-18, Christian-Albrechts-University of Kiel, Department of Economics.
    5. Ott Ingrid & Stephen Turnovsky, 2005. "Excludable and Non-excludable Public Inputs: Consequences for Economic Growth," Working Papers UWEC-2006-02-P, University of Washington, Department of Economics, revised Jun 2005.
    6. Komulainen, Tuomas & Pirttilä, Jukka, 2000. "Fiscal Explanations for Inflation: Any Evidence from Transition Economies?," BOFIT Discussion Papers 11/2000, Bank of Finland Institute for Emerging Economies (BOFIT).
    7. Erauskin, Iñaki, 2015. "Savings, the size of the net foreign asset position, and the dynamics of current accounts," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 353-370.
    8. Tamai, Toshiki, 2016. "Public investment, the rate of return, and optimal fiscal policy in a stochastically growing economy," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 1-17.
    9. Ott, Ingrid & Soretz, Susanne, 2008. "Growth strategies: Fiscal versus institutional policies," Economic Modelling, Elsevier, vol. 25(4), pages 605-622, July.
    10. Savagar, Anthony & Dixon, Huw David, 2017. "Firm Entry, Excess Capacity and Aggregate Productivity," Cardiff Economics Working Papers E2017/8, Cardiff University, Cardiff Business School, Economics Section.
    11. Turnovsky, Stephen J. & Pintea, Mihaela, 2006. "Public and private production in a two-sector economy," Journal of Macroeconomics, Elsevier, vol. 28(2), pages 273-302, June.
    12. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
    13. Buiter, Willem H. & Sibert, Anne C., 2007. "Deflationary Bubbles," Macroeconomic Dynamics, Cambridge University Press, vol. 11(4), pages 431-454, September.
    14. Chatterjee, Santanu, 2005. "Capital utilization, economic growth and convergence," Journal of Economic Dynamics and Control, Elsevier, vol. 29(12), pages 2093-2124, December.
    15. Jan Kodera & Van Quang TRAN, 2017. "A Simple Open Economy Model: A Non-Linear Dynamic Approach," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2017(1), pages 19-34.
    16. David de la Croix & Aude Pommeret, 2017. "Childbearing Postponement, its Option Value, and the Biological Clock," LIDAM Discussion Papers IRES 2017016, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    17. Olaf Posch, 2007. "Structural estimation of jump-diffusion processes in macroeconomics," CREATES Research Papers 2007-23, Department of Economics and Business Economics, Aarhus University.
    18. Escudé, Guillermo J., 2012. "A DSGE model for a SOE with Systematic Interest and Foreign Exchange policies in which policymakers exploit the risk premium for stabilization purposes," Dynare Working Papers 15, CEPREMAP.
    19. Vitor M. Carvalho & Manuel M. F. Martins, 2011. "Macroeconomic effects of fiscal consolidations in a DSGE model for the Euro Area: does composition matter?," FEP Working Papers 421, Universidade do Porto, Faculdade de Economia do Porto.
    20. Olaf Posch, 2010. "Risk Premia in General Equilibrium," CESifo Working Paper Series 3131, CESifo.
    21. Clausen, Volker & Wohltmann, Hans-Werner, 2011. "Oil Price Shocks and Cyclical Dynamics in an Asymmetric Monetary Union," Ruhr Economic Papers 247, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    22. Liu, Shih-fu & Huang, Wei-chi & Lai, Ching-chong, 2020. "Could Fiscal Policies Overcome a Deep Recession at the Zero Lower Bound?," MPRA Paper 99842, University Library of Munich, Germany.
    23. Kizuku Takao, 2014. "Dynamic effects of anticipated and temporary tax changes in a R&D-Based growth model," Discussion Papers in Economics and Business 14-10, Osaka University, Graduate School of Economics.
    24. Burkhard Heer & Stefan Franz Schubert, 2011. "Unemployment and Debt Dynamics in a Highly Indebted Small Open Economy," CESifo Working Paper Series 3497, CESifo.
    25. Matthias Birkner & Niklas Scheuer & Klaus Wälde, 2023. "The dynamics of Pareto distributed wealth in a small open economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(2), pages 607-644, August.
    26. Zouhair Ait Benhamou, 2017. "Microfoundations of the New Keynesian Phillips Curve in an Open Emerging Economy," Post-Print hal-02977727, HAL.
    27. Simon Bösenberg & Peter Egger & Benedikt Zoller-Rydzek, 2018. "Capital taxation, investment, growth, and welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(2), pages 325-376, April.
    28. Wohltmann, Hans-Werner, 2005. "Dynamische Effekte der Geld-und Fiskalpolitik in einem asymmetrischen Drei-Länder-Modell mit einer Währungsunion," Economics Working Papers 2005-19, Christian-Albrechts-University of Kiel, Department of Economics.
    29. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    30. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    31. Peter J. Stemp, 2004. "A Review of 'Jumps' in Macroeconomic Models: With Special Reference to the Case when Eigenvalues are Complex-Valued," Department of Economics - Working Papers Series 920, The University of Melbourne.
    32. Arman Mansoorian & Mohammed Mohsin, 2004. "Monetary policy in a cash‐in‐advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(2), pages 336-352, May.
    33. Orlando Gomes, 2004. "The Optimal Control of Technology Choices," GE, Growth, Math methods 0409008, University Library of Munich, Germany.
    34. Gilles Dufrénot & Anne-Charlotte Paret Onorato, 2016. "Power-Law Distribution in the Debt-to-Fiscal Revenue Ratio: Empirical Evidence and a Theoretical Model," AMSE Working Papers 1627, Aix-Marseille School of Economics, France.
    35. Angelopoulos, Konstantinos & Malley, Jim & Philippopoulos, Apostolis, 2011. "The welfare implications of resource allocation policies under uncertainty: The case of public education spending," Journal of Macroeconomics, Elsevier, vol. 33(2), pages 176-192, June.
    36. Günther Rehme, 2023. "Investment subsidies and redistributive capital income taxation in a neoclassical growth model," Bulletin of Economic Research, Wiley Blackwell, vol. 75(4), pages 988-1012, October.
    37. Piero Ferri & Anna Maria Variato, 2010. "Income Distribution and the Interaction between Cycles and," Chapters, in: Neri Salvadori (ed.), Institutional and Social Dynamics of Growth and Distribution, chapter 4, Edward Elgar Publishing.
    38. Piero Ferri, 2011. "Macroeconomics of Growth Cycles and Financial Instability," Books, Edward Elgar Publishing, number 14260.
    39. Robert Feicht & Wolfgang Stummer, 2010. "Complete Closed-form Solution to a Stochastic Growth Model and Corresponding Speed of Economic Recovery preliminary," DEGIT Conference Papers c015_041, DEGIT, Dynamics, Economic Growth, and International Trade.
    40. Moosavi Mohseni, Reza & Cao, Jiling, 2020. "Monetary policy and financial economic growth," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    41. Stefan F. Schubert, 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Post-Print hal-00851861, HAL.
    42. Evangelos V. Dioikitopoulos & Sugata Ghosh & Eugenia Vella, 2016. "Technological Progress, Time Perception and Environmental Sustainability," Working Papers 2016002, The University of Sheffield, Department of Economics.
    43. Sergey E. Pekarski, 2015. "Tight Money and the Sustainability of Public Debt," HSE Working papers WP BRP 95/EC/2015, National Research University Higher School of Economics.
    44. Cheng-Wei Chang & Ching-Chong Lai & Juin-Jen Chang, 2018. "Fiscal Stimulus and Endogenous Firm Entry in a Monopolistic Competition Macroeconomic Model," The Japanese Economic Review, Springer, vol. 69(2), pages 207-225, June.
    45. Shin-Jen Tzeng & Ching-Chong Lai & Chun-Chieh Huang, 2008. "Does Military Expenditure Matter For Inflation And Economic Growth?," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(6), pages 471-478.
    46. Hakhu, Antra Bhatt, 2015. "Productive Public Expenditure and Debt Dynamics: An Error Correction Representation using Indian Data," Working Papers 15/149, National Institute of Public Finance and Policy.
    47. Skribans, Valerijs, 2010. "Investments model development with the system dynamic method," MPRA Paper 27235, University Library of Munich, Germany.
    48. Sennewald, Ken, 2007. "Controlled stochastic differential equations under Poisson uncertainty and with unbounded utility," Journal of Economic Dynamics and Control, Elsevier, vol. 31(4), pages 1106-1131, April.
    49. Escudé, Guillermo J., 2012. "A DSGE model for a SOE with systematic interest and foreign exchange policy in which policymakers exploit the risk premium for stabilization purposes," Economics Discussion Papers 2012-40, Kiel Institute for the World Economy (IfW Kiel).
    50. Ingrid Ott & Susanne Soretz, 2004. "Growth and Welfare Effects of Tax Cuts: The Case of a Productive Public Input with Technological Risk," Economic Change and Restructuring, Springer, vol. 31(2), pages 117-135, June.
    51. Chen, Jhy-hwa & Shieh, Jhy-yuan & Chang, Juin-jen & Lai, Ching-chong, 2009. "Growth, welfare and transitional dynamics in an endogenously growing economy with abatement labor," Journal of Macroeconomics, Elsevier, vol. 31(3), pages 423-437, September.
    52. Mohsin, Mohammed, 2004. "Exchange rate policies and endogenous time preference: a dynamic analysis of a small open economy," Economics Letters, Elsevier, vol. 82(2), pages 195-203, February.
    53. Ferreira, Pedro Cavalcanti & Nascimento, Leandro Gonçalves do, 2005. "Welfare and growth effects of alternative fiscal rules for infrastructure investment in Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 604, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    54. Paul Frijters & Harry Greenwell & John P. Haisken-DeNew & Michael A. Shields, 2009. "How well do individuals predict their future life satisfaction? Evidence from panel data following a nationwide exogenous shock," Canadian Journal of Economics, Canadian Economics Association, vol. 42(4), pages 1326-1346, November.
    55. Wohltmann Hans-Werner & Clausen Volker, 2002. "Dynamische Effekte symmetrischer Nachfrageund Angebotspolitiken in einer asymmetrischen Währungsunion / Dynamic Effects of Symmetric Demand and Supply Side Policies in an Asymmetric Monetary Union," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(2), pages 230-257, April.
    56. Wildasin, David E., 2003. "Fiscal competition in space and time," Journal of Public Economics, Elsevier, vol. 87(11), pages 2571-2588, October.
    57. Herbert, Ric D. & Stemp, Peter J., 2011. "Solving macroeconomic models with “off-the-shelf” software: An example of potential pitfalls," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 81(7), pages 1375-1384.
    58. Olufemi Saibu & Felix Obioesio, 2017. "Foreign Aid, Fiscal Optimality and Economic Growth in Nigeria," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(4), pages 85-99, October-D.
    59. durongkaveroj, wannaphong, 2014. "Government Expenditure Determination on the Basis of Macroeconomics," MPRA Paper 55048, University Library of Munich, Germany.
    60. George Economides & Anastasios Rizos, 2021. "Optimal taxation: full-commitment versus time-consistent equilibrium," Economic Change and Restructuring, Springer, vol. 54(3), pages 717-753, August.
    61. Rehme, Günther, 2023. "Capital depreciation allowances, redistributive taxation, and economic growth," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 137659, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    62. Moosavi Mohseni, Reza & Kilicman, Adem, 2014. "Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules," Chaos, Solitons & Fractals, Elsevier, vol. 61(C), pages 8-12.
    63. Po‐Sheng Lin & Cheng‐Te Lee, 2012. "Military Spending, Threats And Stochastic Growth," Bulletin of Economic Research, Wiley Blackwell, vol. 64(1), pages 8-19, January.
    64. Lim, Sokchea & Mahbub Morshed, A.K.M., 2017. "Fiscal policy in a small open economy with cross-border labor mobility," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 147-174.
    65. Richard A. Brecher & Zhiqi Chen & Ehsan Choudhri, 2007. "Optimal Taxation in a Dynamic Model of Shirking and Unemployment: Shapiro and Stiglitz Meet Chamley," Carleton Economic Papers 07-07, Carleton University, Department of Economics, revised Aug 2010.
    66. Arman Mansoorian, 2014. "On the Monetary Approach to the Balance of Payments," Open Economies Review, Springer, vol. 25(4), pages 721-737, September.
    67. Wälde, Klaus & Bayer, Christian, 2011. "Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48736, Verein für Socialpolitik / German Economic Association.
    68. Raimundo Soto M. & Matías Tapia G., 2000. "Seasonal Cointegration in Money Demand," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 3(3), pages 57-71, December.
    69. Bolh, Nathalie & Wendner, Ronald, 2021. "Conspicuous leisure, time allocation, and obesity Kuznets curves," MPRA Paper 108644, University Library of Munich, Germany.
    70. Vitor Carvalho & Manuel M. F. Martins, 2011. "Investment and output effects of fiscal consolidations in a new-Keynesian DSGE model for the Euro Area: composition matters?," EcoMod2011 3246, EcoMod.
    71. Turnovsky, Stephen J. & Monteiro, Goncalo, 2007. "Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences," European Economic Review, Elsevier, vol. 51(2), pages 479-504, February.
    72. Erauskin, Iñaki & Turnovsky, Stephen J., 2020. "Financial globalization and its consequences for productive government expenditure," Journal of Macroeconomics, Elsevier, vol. 66(C).
    73. Oscar Afonso & Sara Monteiro & Maria Thompson, 2014. "Innovation Economy, Productive Public Expenditure and Economic Growth," Metroeconomica, Wiley Blackwell, vol. 65(4), pages 671-689, November.
    74. Shieh, Jhy-yuan & Chen, Jhy-hwa & Chang, Shu-hua & Lai, Ching-chong, 2014. "Environmental consciousness, economic growth, and macroeconomic instability," International Review of Economics & Finance, Elsevier, vol. 34(C), pages 151-160.
    75. Chiarella Carl & Di Guilmi Corrado, 2012. "The Fiscal Cost of Financial Instability," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(4), pages 1-29, October.
    76. Mohsin, Mohammed, 2006. "Durability in consumption and the dynamics of the current account," Journal of Economic Dynamics and Control, Elsevier, vol. 30(1), pages 143-162, January.
    77. Cheng-Te Lee, 2022. "Military Spending and Employment," Defence and Peace Economics, Taylor & Francis Journals, vol. 33(4), pages 501-510, May.
    78. Chao, Chi-Chur & Lu, Lee-Jung & Lai, Ching-Chong & Hu, Shih-Wen & Wang, Vey, 2013. "Devaluation, pass-through and foreign reserves dynamics in a tourism economy," Economic Modelling, Elsevier, vol. 30(C), pages 456-461.
    79. Naeem Akram* & Syed Imran RAIS & Ihtsham Ul Haq PADDA**, 2011. "Synthesis of the Fiscal and Monetary Policies in Price Level Determination: Evidence from Pakistan," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 21, pages 37-52.
    80. Huang, Wei-Chi & Lai, Ching-Chong & Chen, Ping-Ho, 2017. "International R&D funding and patent collateral in an R&D-based growth model," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 545-561.
    81. Tamai, Toshiki, 2013. "The macroeconomic effects of fiscal policy in a stochastically growing economy," Economic Modelling, Elsevier, vol. 35(C), pages 464-471.
    82. Clausen, Volker & Wohltmann, Hans-Werner, 2005. "Monetary and fiscal policy dynamics in an asymmetric monetary union," Journal of International Money and Finance, Elsevier, vol. 24(1), pages 139-167, February.
    83. Md. Azizul Baten & Anton Abdulbasah Kamil, 2013. "Optimal Consumption in a Stochastic Ramsey Model with Cobb-Douglas Production Function," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2013, pages 1-8, March.
    84. Chu, Hsun & Lai, Ching-chong & Liao, Chih-hsing, 2016. "A Note On Environment-Dependent Time Preferences," Macroeconomic Dynamics, Cambridge University Press, vol. 20(6), pages 1652-1667, September.
    85. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Oil Price Shocks and Currency Denomination," Economics Working Papers 2005-10, Christian-Albrechts-University of Kiel, Department of Economics.
    86. Ludger Linnemann & Andreas Schabert, 2005. "Productive Government Expenditure in Monetary Business Cycle Models," Tinbergen Institute Discussion Papers 05-053/2, Tinbergen Institute.
    87. Mario Miranda, 2005. "Teaching Computational Economics in an Applied Economics Program," Computational Economics, Springer;Society for Computational Economics, vol. 25(3), pages 229-254, June.
    88. Michaelis, Jochen & Birk, Angela, 2006. "Employment- and growth effects of tax reforms," Economic Modelling, Elsevier, vol. 23(6), pages 909-925, December.
    89. Arman Mansoorian & Leo Michelis, 2005. "Money, capital, and real liquidity effects with habit formation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(2), pages 430-453, May.
    90. Olaf Posch, 2009. "Explaining Output Volatility: The Case of Taxation," CESifo Working Paper Series 2751, CESifo.
    91. Olaf Posch & Timo Trimborn, 2011. "Numerical Solution of Dynamic Equilibrium Models under Poisson Uncertainty," CESifo Working Paper Series 3431, CESifo.
    92. Chakraborty, Shankha & Ray, Tridip, 2007. "The development and structure of financial systems," Journal of Economic Dynamics and Control, Elsevier, vol. 31(9), pages 2920-2956, September.
    93. Stemp, Peter J. & Herbert, Ric D., 2008. "Comparing different approaches for solving optimizing models with significant nonlinearities," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 78(2), pages 357-366.
    94. Skribans, Valerijs, 2009. "Nodokļu ieņēmumu modelēšana, izmantojot sistēmdinamikas metodi [Taxes income modeling with system dynamic method]," MPRA Paper 27096, University Library of Munich, Germany.
    95. Tsuboi, Mizuki, 2019. "Resource scarcity, technological progress, and stochastic growth," Economic Modelling, Elsevier, vol. 81(C), pages 73-88.
    96. Yu, Po-yang & Lai, Ching-chong, 2020. "Optimal Privatization and Economic Growth in a Schumpeterian Economy," Journal of Macroeconomics, Elsevier, vol. 64(C).
    97. Kamiguchi, Akira & Tamai, Toshiki, 2019. "Public investment, public debt, and population aging under the golden rule of public finance," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 110-122.
    98. Alexandru MANOLE & Madalina-Gabriela ANGHEL & Alexandru BADIU & Doina AVRAM, 2017. "Theoretical considerations regarding the main macroeconomic proportions and correlations," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(3), pages 169-181, March.
    99. Zhou, Haiwen, 2019. "Monitoring Intensity and Technology Choice in A Model of Unemployment," MPRA Paper 92494, University Library of Munich, Germany.
    100. Stephen J. Turnovsky & Santanu Chatterjee, 2004. "Tied Versus Untied Foreign Aid: Consequences for a Growing Economy," Computing in Economics and Finance 2004 8, Society for Computational Economics.
    101. Iñaki Erauskin & Stephen J. Turnovsky, 2019. "Financial Globalization and the Increase in the Size of Government: Are They Related?," Open Economies Review, Springer, vol. 30(2), pages 219-253, April.
    102. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    103. Stefan F. Schubert & Juan Gabriel Brida, 2009. "Macroeconomic Effects of Changes in Tourism Demand: A Simple Dynamic Model," Tourism Economics, , vol. 15(3), pages 591-613, September.
    104. Tamai, Toshiki, 2018. "Dynamic provision of public goods under uncertainty," Economic Modelling, Elsevier, vol. 68(C), pages 409-415.
    105. Cieślik, Andrzej & Goczek, Łukasz, 2018. "Control of corruption, international investment, and economic growth – Evidence from panel data," World Development, Elsevier, vol. 103(C), pages 323-335.
    106. van Oudheusden, P., 2012. "Dynamic Scoring Through Creative Destruction," Other publications TiSEM 13955715-2cbb-443b-a099-9, Tilburg University, School of Economics and Management.
    107. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.
    108. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Dynamic Effects of Raw Materials Price Shocks for Large Oil-Dependent Economies," Economics Working Papers 2005-01, Christian-Albrechts-University of Kiel, Department of Economics.
    109. Michal Andrle & Mr. Jaromir Benes, 2013. "System Priors: Formulating Priors about DSGE Models' Properties," IMF Working Papers 2013/257, International Monetary Fund.
    110. Tsuboi, Mizuki, 2019. "Consumption, welfare, and stochastic population dynamics when technology shocks are (Un)tied," Economic Modelling, Elsevier, vol. 79(C), pages 74-85.
    111. Schubert, Stefan Franz, 2009. "Coping with Externalities in Tourism - A Dynamic Optimal Taxation Approach," MPRA Paper 16736, University Library of Munich, Germany.
    112. Piontkovsky Ruslan, 2003. "Dollarization, Inflation Volatility and Underdeveloped Financial Markets in Transition Economies," EERC Working Paper Series 03-02e, EERC Research Network, Russia and CIS.
    113. Ludvik Eliasson, 2004. "Resource Policy in an Endogenously Growing Economy," Economics wp25_ludvik, Department of Economics, Central bank of Iceland.
    114. Kleppe, Tore Selland & Yu, Jun & Skaug, Hans J., 2014. "Maximum likelihood estimation of partially observed diffusion models," Journal of Econometrics, Elsevier, vol. 180(1), pages 73-80.
    115. Cheng-te Lee & Shang-fen Wu, 2015. "Military Spending and Stochastic Growth: A Small Open Economy," Economics Bulletin, AccessEcon, vol. 35(4), pages 2026-2036.
    116. Peter J. Stemp, 2005. "Finding an Example of an Optimising Agent with Cyclical Behaviour," Computing in Economics and Finance 2005 4, Society for Computational Economics.
    117. Mansoorian, Arman & Mohsin, Mohammed, 2010. "On the employment, investment, and current account effects of trade liberalizations with durability in consumption," The North American Journal of Economics and Finance, Elsevier, vol. 21(3), pages 228-240, December.
    118. Ewald, Christian Oliver & Nolan, Charles, 2024. "On the adaptation of the Lagrange formalism to continuous time stochastic optimal control: A Lagrange-Chow redux," Journal of Economic Dynamics and Control, Elsevier, vol. 162(C).
    119. Erauskin-Iurrita, Inaki, 2008. "Financial openness and the size of the public sector: a portfolio approach," MPRA Paper 10619, University Library of Munich, Germany, revised 15 Sep 2008.
    120. Zouhair Aït Benhamou, 2017. "Microfoundations of the New Keynesian Phillips Curve in an Open Emerging Economy," Working Papers hal-04141622, HAL.
    121. Mansoorian, Arman & Mohsin, Mohammed, 2013. "Real asset returns, inflation and activity in a small, open, Cash-in-Advance economy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 234-250.
    122. Dieci, Roberto & Westerhoff, Frank, 2016. "Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear economic dynamics approach," Journal of Economic Dynamics and Control, Elsevier, vol. 71(C), pages 21-44.
    123. Cecilia Garcia-Penalosa & Stephen Turnovsky, 2004. "Second-Best Optimal Taxation of Capital and Labor in a Developing Economy," Working Papers UWEC-2004-05-P, University of Washington, Department of Economics, revised Apr 2004.
    124. Aurelian DIACONU & Mugur POPOVICI & Maria MIREA & Tudor SAMSON, 2017. "The price effect on population consumption demand," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(1), pages 37-55, January.
    125. Mizuki Tsuboi, 2018. "Stochastic accumulation of human capital and welfare in the Uzawa–Lucas model: an analytical characterization," Journal of Economics, Springer, vol. 125(3), pages 239-261, November.
    126. van Oudheusden, P., 2012. "Dynamic Scoring Through Creative Destruction," Discussion Paper 2012-084, Tilburg University, Center for Economic Research.
    127. Gao, Jianbo & Hu, Jing, 2014. "Financial crisis, Omori's law, and negative entropy flow," International Review of Financial Analysis, Elsevier, vol. 33(C), pages 79-86.
    128. Chang Cheng-Wei & Lai Ching-Chong, 2017. "Macroeconomic (in)stability and endogenous market structure with productive government expenditure," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 21(2), pages 1-16, April.
    129. Wohltmann, Hans-Werner & Clausen, Volker, 2003. "Oil Price Shocks and Monetary Policy in an Asymmetric Monetary Union," Economics Working Papers 2003-11, Christian-Albrechts-University of Kiel, Department of Economics.
    130. Wohltmann, Hans-Werner & Winkler, Roland C., 2005. "Monetary Policy Dynamics in Large Oil-Dependent Economies," Economics Working Papers 2005-17, Christian-Albrechts-University of Kiel, Department of Economics.
    131. Stefan Franz Schubert & Udo Broll, 2015. "Consumption, inflation risk and dynamic hedging," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 9(2), June.
    132. Mansoorian, Arman & Mohsin, Mohammed, 2006. "On the employment, investment and current account effects of inflation," Journal of International Economics, Elsevier, vol. 70(1), pages 296-313, September.
    133. Takalo, Tuomas & Castrén, Olli, 2000. "Capital market development, corporate governance and the credibility of exchange rate pegs," Working Paper Series 34, European Central Bank.
    134. Akira Kamiguchi & Toshiki Tamai, 2017. "Public Investment and Golden Rule of Public Finance in an Overlapping Generations Model," KIER Working Papers 971, Kyoto University, Institute of Economic Research.
    135. Gootzeit, Michael & Schneider, Johannes & Smith, William, 2002. "Marshallian recursive preferences and growth," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 381-404, November.
    136. Kwamie Dunbar, 2009. "Stochastic Business Cycle Volatilities, Capital Accumulation and Economic Growth: Lessons from the Global Credit Market Crisis," Working papers 2009-36, University of Connecticut, Department of Economics.
    137. Lessmann, Kai & Edenhofer, Ottmar, 2011. "Research cooperation and international standards in a model of coalition stability," Resource and Energy Economics, Elsevier, vol. 33(1), pages 36-54, January.
    138. Ana CARP & Diana Valentina DUMITRESCU & Doina AVRAM & Doina BUREA, 2017. "Theoretical aspects regarding macroeconomic accounts – contents and structure," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(1), pages 132-141, January.
    139. Constantin ANGHELACHE & Doina BUREA & Alexandru URSACHE, 2017. "The main interconnections between balance of payments indicators and the macroeconomic aggregates results," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(3), pages 189-196, March.
    140. Ali Chebbi, 2015. "Stochastic growth, taxation policy and welfare cost in an open emerging economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 57-84, March.
    141. Herbert, Ric D. & Stemp, Peter J., 2009. "Solving a non-linear model: The importance of model specification for deriving a suitable solution," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(9), pages 2847-2855.
    142. John Stachurski, 2009. "Economic Dynamics: Theory and Computation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012774, December.
    143. Stefan F. Schubert, 2016. "A short-run model of a two-sector economy with tourism and unemployment," Tourism Economics, , vol. 22(4), pages 763-778, August.
    144. Fosu, Prince, 2020. "The Effect of Government Expenditure and Free Maternal Health Care Policy on Household Consumption in Ghana," MPRA Paper 101551, University Library of Munich, Germany.
    145. Panayiotis Petrakis & Stylianos Kotsios, 2005. "The dynamics of structural change under risk influence," Economics Bulletin, AccessEcon, vol. 15(7), pages 1-8.
    146. Liutang Gong & Yuzhe Zhang & Heng-fu Zou, 2008. "Foreign Aid, Public Spending, Optimal Fiscal and Monetary Policies, and Long-Run Growth," CEMA Working Papers 309, China Economics and Management Academy, Central University of Finance and Economics.
    147. Dieci, Roberto & Westerhoff, Frank, 2015. "Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear dynamics approach," BERG Working Paper Series 99, Bamberg University, Bamberg Economic Research Group.
    148. Travaglini, Giuseppe, 2015. "Nonlinear dynamic pollution under uncertainty and binding targets," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 108(C), pages 175-183.
    149. Chao, Chi-Chur & Hu, Shih-Wen & Lai, Ching-Chong & Tai, Meng-Yi & Wang, Vey, 2013. "Tariff-tax reform and exchange rate dynamics in a monetary economy," The North American Journal of Economics and Finance, Elsevier, vol. 24(C), pages 63-73.
    150. Raimundo Soto & Matías Tapia, 2001. "Seasonal cointegration and the stability of the demand for money," Working Papers Central Bank of Chile 103, Central Bank of Chile.
    151. Juan Gabriel Brida & Stefan Franz Schubert, 2008. "The Economic Effects Of Advertising On Tourism Demand," Economics Bulletin, AccessEcon, vol. 6(45), pages 1-16.
    152. Eric Kam & John Smithin & Aqeela Tabassum, 2018. "The Long-Run Non-Neutrality of Monetary Policy: A General Statement in a Dynamic General Equilibrium Model," Working Papers 074, Toronto Metropolitan University, Department of Economics.
    153. Hernández-Bautista, Oscar Iván & Venegas-Martínez, Francisco, 2023. "Efecto del gasto en seguridad en Bienestar y crecimiento económicos en México: Una perspectiva de optimización dinámica [Effect of security spending on welfare and economic growth in Mexico: a dyna," MPRA Paper 117145, University Library of Munich, Germany.
    154. Kizuku Takao, 2014. "Dynamic effects of anticipated and temporary tax changes in a R&D-based growth model," ISER Discussion Paper 0913, Institute of Social and Economic Research, Osaka University.
    155. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
    156. Farhad Nili, "undated". "Dynamics of Output Growth, Consumption and Physical Capital in Two-Sector Models of Endogenous Growth," Discussion Papers 00/62, Department of Economics, University of York.
    157. Shin-Chyang Lee & Cheng-Te Lee & Shang-Fen Wu, 2016. "Military spending and growth: a small open economy stochastic growth model," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(1), pages 105-116, February.
    158. Etro, Federico, 2017. "Research in economics and macroeconomics," Research in Economics, Elsevier, vol. 71(3), pages 373-383.

  3. Stephen J. Turnovsky, 1997. "International Macroeconomic Dynamics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262201119, December.

    Cited by:

    1. Erauskin, Iñaki, 2013. "The impact of financial openness on the size of utility-enhancing government," Economics Discussion Papers 2013-7, Kiel Institute for the World Economy (IfW Kiel).
    2. Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
    3. Gianluca Benigno & Christoph Thoenissen, 2003. "Equilibrium Exchange Rates and Supply-Side Performance," Economic Journal, Royal Economic Society, vol. 113(486), pages 103-124, March.
    4. Annicchiarico, Barbara & Piergallini, Alessandro, 2009. "Country-Specific Risk Premium, Taylor Rules, and Exchange Rates," MPRA Paper 13553, University Library of Munich, Germany.
    5. Joao L.M. Amador, 2000. "Fiscal Policy And Budget Deficit Stability In A Continuous Time Stochastic Economy," Computing in Economics and Finance 2000 27, Society for Computational Economics.
    6. Jonathan R. W. Temple & Nicolas Van de Sijpe, 2014. "Foreign Aid and Domestic Absorption," CSAE Working Paper Series 2014-01, Centre for the Study of African Economies, University of Oxford.
    7. Erauskin, Iñaki, 2015. "Savings, the size of the net foreign asset position, and the dynamics of current accounts," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 353-370.
    8. Brock, Philip L., 2011. "The Penn-Balassa-Samuelson effect through the lens of the dependent economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1547-1556, September.
    9. Tomas Holub & Martin Cihak, 2003. "Price Convergence: What Can the Balassa-Samuelson Model Tell Us?," Working Papers 2003/08, Czech National Bank.
    10. Cardi, Olivier, 2007. "Another View Of The J-Curve," Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 153-174, April.
    11. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.
    12. Kawagishi, Taketo & Nakamoto, Yasuhiro, 2016. "Dynamic Analysis of Health Status in a Small Open Economy," MPRA Paper 73859, University Library of Munich, Germany.
    13. Santanu Chatterjee & Paola Giuliano & Stephen J. Turnovsky, 2004. "Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 6(2), pages 277-310, May.
    14. Buiter, Willem H. & Sibert, Anne C., 2007. "Deflationary Bubbles," Macroeconomic Dynamics, Cambridge University Press, vol. 11(4), pages 431-454, September.
    15. Maußner Alfred, 2002. "Adjustment Costs and Nominal Rigidities in a Small Open Economy / Anpassungskosten und nominelle Rigiditäten in einer kleinen offenen Volkswirtschaft," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(4), pages 463-489, August.
    16. Xiding Chen & Qinghua Huang & Weilun Huang & Xue Li, 2018. "The Impact of Sustainable Development Technology on a Small Economy—The Case of Energy-Saving Technology," IJERPH, MDPI, vol. 15(2), pages 1-11, February.
    17. Schubert, Stefan F., 2014. "Dynamic Effects Of Oil Price Shocks And Their Impact On The Current Account," Macroeconomic Dynamics, Cambridge University Press, vol. 18(2), pages 316-337, March.
    18. Rehme, Günther, 2006. "Economic growth and (re-)distributive policies in a non-cooperative world," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 25541, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    19. CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    20. Fisher, Walter H. & Hof, Franz X., 2001. "Status Seeking in the Small Open Economy," Economics Series 106, Institute for Advanced Studies.
    21. Matthias Birkner & Niklas Scheuer & Klaus Wälde, 2023. "The dynamics of Pareto distributed wealth in a small open economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(2), pages 607-644, August.
    22. Lim, Sokchea, 2021. "Policy to promote overseas migrant work: A macro-dynamic framework," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 113-125.
    23. Donaghy, Kieran & Federici, Daniela & Wymer, Clifford R., 1999. "An Empirical Two-Good Two-Country Representative- Agent Model with Endogenous Growth," ERSA conference papers ersa99pa347, European Regional Science Association.
    24. Fisher, Walter H., 2002. "Investment and Current Account Dynamics in an Open Economy Status Seeking Framework," Economics Series 110, Institute for Advanced Studies.
    25. Kai LESSMANN & Robert MARSCHINSKI & Ottmar EDENHOFER, 2008. "The Effects of Trade Sanctions in International Environmental Agreements," EcoMod2008 23800079, EcoMod.
    26. Mahbub Morshed, A.K.M. & Turnovsky, Stephen J., 2011. "Real exchange rate dynamics: The role of elastic labor supply," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1303-1322.
    27. Willem H. Buiter & Anne Sibert & Anne C. Sibert, 2011. "Government Budget Deficits in Large Open Economies," CESifo Working Paper Series 3476, CESifo.
    28. Marta Aloi & Huw Dixon & Anthony Savagar, 2021. "Labor Responses, Regulation, and Business Churn," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 119-156, February.
    29. Enrique G. Mendoza & Linda L. Tesar & Jing Zhang, 2014. "Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies," NBER Working Papers 20200, National Bureau of Economic Research, Inc.
    30. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    31. Erauskin, Iñaki, 2015. "The net foreign asset position and government size," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 130-148.
    32. Aude POMMERET & William T. SMITH, 2004. "Fertility, Volatility, and Growth," Cahiers de Recherches Economiques du Département d'économie 04.08, Université de Lausanne, Faculté des HEC, Département d’économie.
    33. Javier Coto-Martínez & Huw D. Dixon, 2001. "Profits, Markups and Entry: Fiscal Policy in an Open Economy," CESifo Working Paper Series 550, CESifo.
    34. Orlando Gomes, 2004. "The Optimal Control of Technology Choices," GE, Growth, Math methods 0409008, University Library of Munich, Germany.
    35. Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126, December.
    36. Charles Figuières & Fabien Prieur & Mabel Tidball, 2012. "Public Infrastructure, non Cooperative Investments and Endogenous Growth," Working Papers 12-07, LAMETA, Universtiy of Montpellier, revised Mar 2012.
    37. Fisher, Walter H. & Bianconi, Marcelo, 2001. "Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy," Economics Series 96, Institute for Advanced Studies.
    38. Eicher Theo S. & Turnovsky Stephen J. & Walz Uwe, 2000. "Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals," German Economic Review, De Gruyter, vol. 1(1), pages 19-42, February.
    39. Romain Restout, 2008. "Monopolistic Competition and the Dependent Economy Model," EconomiX Working Papers 2008-9, University of Paris Nanterre, EconomiX.
    40. Karlygash Kuralbayeva, 2011. "Optimal fiscal policy and different degrees of access to international capital markets," OxCarre Working Papers 060, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    41. Luigi Bonatti & Andrea Fracasso, 2016. "Modelling The Transition Towards The Renminbi'S Full Convertibility: Implications For China'S Growth," Bulletin of Economic Research, Wiley Blackwell, vol. 68(S1), pages 146-170, December.
    42. Stephen J. Turnovsky & Jian Xu, 2002. "Speculative Attacks and the Dynamics of Exchange Rates," Annals of Economics and Finance, Society for AEF, vol. 3(2), pages 219-248, November.
    43. Kieran P. Donaghy, 2022. "A Circular Economy Model of Economic Growth with Circular and Cumulative Causation and Trade," Networks and Spatial Economics, Springer, vol. 22(3), pages 461-488, September.
    44. Zhang, Jin Shui, 2011. "The analytical solution of balanced growth of non-linear dynamic multi-sector economic model," Economic Modelling, Elsevier, vol. 28(1), pages 410-421.
    45. Serpil Bouza & Stephen J. Turnovsky, 2012. "The Effects of Foreign Transfers with Flexible Labor Supply," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 1(1), pages 1-39, January.
    46. Arman Mansoorian, 1999. "On Cash in Advance Constraints for Open Economies," Working Papers 1999_02, York University, Department of Economics.
    47. Chatterjee, Santanu & Sakoulis, Georgios & Turnovsky, Stephen J., 2003. "Unilateral capital transfers, public investment, and economic growth," European Economic Review, Elsevier, vol. 47(6), pages 1077-1103, December.
    48. Schubert, Stefan Franz & Brida, Juan Gabriel, 2008. "The Dynamic Effects of Subsidizing the Tourism Sector," MPRA Paper 16755, University Library of Munich, Germany.
    49. van der Ploeg, Frederick & Venables, Anthony, 2008. "Harnessing Windfall Revenues in Developing Economies: Sovereign Wealth Funds and Optimal Tradeoffs Between Citizen Dividends, P," CEPR Discussion Papers 6954, C.E.P.R. Discussion Papers.
    50. Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics.
    51. Piergallini, Alessandro, 2015. "External Debt and Stabilizing Macroeconomic Policies," MPRA Paper 89272, University Library of Munich, Germany.
    52. Ludger Linnemann & Andreas Schabert, 2004. "Net foreign assets, interest rate policy, and macroeconomic stability," Money Macro and Finance (MMF) Research Group Conference 2003 54, Money Macro and Finance Research Group.
    53. Kazuo Mino, 2008. "Preference Structure and Volatility in a Financially Integrated World," Discussion Papers in Economics and Business 08-05, Osaka University, Graduate School of Economics.
    54. Alberto Petrucci, 2003. "Devaluation (Levels versus Rates) and Balance of Payments in a Cash-in-Advance Economy," CEIS Research Paper 14, Tor Vergata University, CEIS.
    55. Lim, Sokchea & Khun, Channary, 2023. "Migrant network effect and economic development," Economics Letters, Elsevier, vol. 225(C).
    56. Chatterjee, Santanu & Turnovsky, Stephen J., 2018. "Remittances and the informal economy," Journal of Development Economics, Elsevier, vol. 133(C), pages 66-83.
    57. Mohsin, Mohammed, 2004. "Exchange rate policies and endogenous time preference: a dynamic analysis of a small open economy," Economics Letters, Elsevier, vol. 82(2), pages 195-203, February.
    58. Philipp Harms, 2002. "Deregulation and the Current Account," Working Papers 02.07, Swiss National Bank, Study Center Gerzensee.
    59. Leon Bettendorf & Ben Heijdra, 2005. "Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods," Tinbergen Institute Discussion Papers 05-021/2, Tinbergen Institute.
    60. Chung, Keunsuk & Turnovsky, Stephen J., 2010. "Foreign debt supply in an imperfect international capital market: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 201-223, March.
    61. Bonatti, Luigi & Fracasso, Andrea, 2013. "Regime switches in the Sino-American co-dependency: Growth and structural change in China," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 1-32.
    62. Chang Wen-ya & Tsai Hsueh-fang & Chang Juin-jen & Lin Hsieh-yu, 2018. "Interest rate rules and equilibrium (in)determinacy in a small open economy: the role of internationally traded capital," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-18, June.
    63. Lim, Sokchea & Mahbub Morshed, A.K.M., 2017. "Fiscal policy in a small open economy with cross-border labor mobility," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 147-174.
    64. Alberto Petrucci, 2004. "Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy," Working Papers 2004.121, Fondazione Eni Enrico Mattei.
    65. Bhattarai, Keshab & Mallick, Sushanta, 2013. "Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model," The North American Journal of Economics and Finance, Elsevier, vol. 25(C), pages 40-59.
    66. Arman Mansoorian, 2014. "On the Monetary Approach to the Balance of Payments," Open Economies Review, Springer, vol. 25(4), pages 721-737, September.
    67. Kollmann, Robert, 1999. "Effects of Government Purchases in Open Economies: Empirical Evidence and Predictions of a Dynamic General Equilibrium Model With Nominal Rigidities," MPRA Paper 70342, University Library of Munich, Germany.
    68. Yasuhiro Nakamoto & Akihiko Yanase, 2022. "Pollution externalities and corrective taxes in a dynamic small open economy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(3), pages 667-703, June.
    69. Valerie Cerra & Serpil Tekin & Stephen Turnovsky, 2009. "Foreign Transfers and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy," Open Economies Review, Springer, vol. 20(2), pages 147-181, April.
    70. Stephen J. Turnovsky & Zinan Wang, 2022. "The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium," Open Economies Review, Springer, vol. 33(3), pages 407-452, July.
    71. Bahadir, Berrak & Chatterjee, Santanu & Lebesmuehlbacher, Thomas, 2018. "The macroeconomic consequences of remittances," Journal of International Economics, Elsevier, vol. 111(C), pages 214-232.
    72. Yoshiyasu Ono & Akihisa Shibata, 2006. "Capital Income Taxation and Specialization Patterns: Investment Tax vs. Saving Tax," KIER Working Papers 613, Kyoto University, Institute of Economic Research.
    73. Chatterjee, Santanu & Mursagulov, Azer, 2016. "Fiscal Policy And The Real Exchange Rate," Macroeconomic Dynamics, Cambridge University Press, vol. 20(7), pages 1742-1770, October.
    74. Fisher, Walter H., 2004. "Imports, Status Preference, and Foreign Borrowing," Economics Series 161, Institute for Advanced Studies.
    75. Fisher, Walter H., 2001. "Current Account Dynamics in a Small Open Economy Model of Status Seeking," Economics Series 107, Institute for Advanced Studies.
    76. Abadie, Alberto & Gardeazabal, Javier, 2005. "Terrorism and the World Economy," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    77. Walter H. Fisher, 2004. "Status Preference, Wealth and Dynamics in the Open Economy," German Economic Review, Verein für Socialpolitik, vol. 5(3), pages 335-355, August.
    78. Ly-Dai, Hung, 2014. "Global Imbalances with Safe Assets in Eurozone," MPRA Paper 90238, University Library of Munich, Germany, revised May 2018.
    79. Frederick van der Ploeg & Anthony J. Venables, 2011. "Harnessing Windfall Revenues: Optimal Policies for Resource‐Rich Developing Economies," Economic Journal, Royal Economic Society, vol. 121(551), pages 1-30, March.
    80. Heijdra, Ben J. & Ligthart, Jenny E., 2002. "The hiring subsidy cum firing tax in a search model of unemployment," Economics Letters, Elsevier, vol. 75(1), pages 97-108, March.
    81. Delphine Béraud, 2002. "Transmission internationale des politiques budgétaires et imparfaite mobilité du capital," Recherches économiques de Louvain, De Boeck Université, vol. 68(3), pages 287-311.
    82. Daisuke Amano & Jun-ichi Itaya & Kazuo Mino, 2014. "Trade Structure and Growth Effects of Taxation in a Two-Country World," KIER Working Papers 891, Kyoto University, Institute of Economic Research.
    83. Yunfang Hu & Kazuo Mino, 2010. "Analysis of Fiscal Shocks in a Small Open Economy with Home Production," DEGIT Conference Papers c015_009, DEGIT, Dynamics, Economic Growth, and International Trade.
    84. Santanu Chatterjee & Mark C. Kelly & Stephen J. Turnovsky, 2022. "Foreign aid, public investment, and the informal economy," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 174-201, January.
    85. Ly Dai Hung, 2018. "Global Imbalances with Safe Assets in Eurozone," Working Papers hal-01935158, HAL.
    86. Koichi Futagami & Yasuhiro Nakamoto, 2010. "Dynamic analysis of a renewable resource in a small open economy: The role of environmental policies for the environment," Discussion Papers in Economics and Business 10-21, Osaka University, Graduate School of Economics.
    87. Iñaki Erauskin, 2011. "Financial openness, volatility, and the size of productive government," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(2), pages 233-253, June.
    88. Tsuboi, Mizuki, 2019. "Resource scarcity, technological progress, and stochastic growth," Economic Modelling, Elsevier, vol. 81(C), pages 73-88.
    89. Thierry Warin & André Fourçans, 2006. "Can Tax Competition Lead to a Race to the Bottom in Europe? A Skeptical View," Middlebury College Working Paper Series 0604, Middlebury College, Department of Economics.
    90. Stefan F. Schubert, 2013. "Unemployment Dynamics in a Short-Run Two-Sector Model of a Tourism Exporting Small Open Economy," Tourism Economics, , vol. 19(5), pages 1049-1076, October.
    91. Francisco De A. Nadal‐De Simone, 2001. "Inflation Targeters In Practice: A Lucky Lot?," Contemporary Economic Policy, Western Economic Association International, vol. 19(3), pages 239-253, July.
    92. Willem Buiter & Anne Sibert, 2004. "Cross-Border Tax Externalities: Are Budget Deficits Too Small?," Birkbeck Working Papers in Economics and Finance 0408, Birkbeck, Department of Economics, Mathematics & Statistics.
    93. Luci Ellis, 2001. "Measuring the Real Exchange Rate: Pitfalls and Practicalities," RBA Research Discussion Papers rdp2001-04, Reserve Bank of Australia.
    94. Zhang, Jin Shui, 2011. "The analytical solution of balanced growth of non-linear dynamic multi-sector economic model," Economic Modelling, Elsevier, vol. 28(1-2), pages 410-421, January.
    95. Lim, Sokchea & Morshed, A.K.M. Mahbub & Turnovsky, Stephen J., 2023. "Endogenous labor migration and remittances: Macroeconomic and welfare consequences," Journal of Development Economics, Elsevier, vol. 163(C).
    96. Walter H. Fisher, 2004. "Durable Consumption As A Status Good: A Study Of Neoclassical Cases," Computing in Economics and Finance 2004 96, Society for Computational Economics.
    97. Luigi Bonatti & Andrea Fracasso, 2011. "Chinese reserves accumulation and US monetary policy: Will China go on buying US financial assets?," Department of Economics Working Papers 1105, Department of Economics, University of Trento, Italia.
    98. Schubert Stefan F. & Turnovsky Stephen J., 2006. "Anticipated Fiscal Policy Changes and Goods Market Adjustments," German Economic Review, De Gruyter, vol. 7(2), pages 135-161, May.
    99. Stefan F. Schubert & Juan Gabriel Brida, 2009. "Macroeconomic Effects of Changes in Tourism Demand: A Simple Dynamic Model," Tourism Economics, , vol. 15(3), pages 591-613, September.
    100. Assibey-Yeboah, Mark & Mohsin, Mohammed, 2014. "The real effects of inflation in a developing economy with external debt and sovereign risk," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 40-55.
    101. Johanna Francis & Tom Kompas, 2001. "Uzawa's Transformation and Optimal Control Problems with Variable Rates of Time Preference," International and Development Economics Working Papers idec01-12, International and Development Economics.
    102. Kieran P. Donaghy, 2021. "Implications for Regional Science of the “Rebuilding Macroeconomic Theory Projectâ€," International Regional Science Review, , vol. 44(3-4), pages 363-384, May.
    103. Tsuboi, Mizuki, 2019. "Consumption, welfare, and stochastic population dynamics when technology shocks are (Un)tied," Economic Modelling, Elsevier, vol. 79(C), pages 74-85.
    104. Arman Mansoorian & Mohammed Mohsin, 2008. "Durable Goods, Time Preference and The Dynamics of the Current Account," Open Economies Review, Springer, vol. 19(3), pages 337-354, July.
    105. Bonatti, Luigi & Fracasso, Andrea, 2013. "Hoarding of international reserves in China: Mercantilism, domestic consumption and US monetary policy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 1044-1078.
    106. Luigi Bonatti & Andrea Fracasso, 2012. "The costs of rebalancing the China-US co-dependency," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 120(1), pages 59-106.
    107. Peter Stemp & Ric Herbert, 2006. "Solving Non-Linear Models with Saddle-Path Instabilities," Computational Economics, Springer;Society for Computational Economics, vol. 28(2), pages 211-231, September.
    108. Chen, Ping-ho & Lai, Ching-chong & Chu, Hsun, 2016. "Welfare effects of tourism-driven Dutch disease: The roles of international borrowings and factor intensity," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 381-394.
    109. Erauskin, Iñaki & Turnovsky, Stephen J., 2019. "International financial integration and income inequality in a stochastically growing economy," Journal of International Economics, Elsevier, vol. 119(C), pages 55-74.
    110. Mendoza, Enrique G. & Tesar, Linda L., 2005. "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU," Journal of Monetary Economics, Elsevier, vol. 52(1), pages 163-204, January.
    111. Rudolfs Bems, 2008. "Aggregate Investment Expenditures on Tradable and Nontradable Goods," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 852-883, October.
    112. Koichi Futagami & Yasuhiro Nakamoto, 2019. "The impacts of pollution control policies on the pollution in small open economies," Discussion Papers in Economics and Business 19-08, Osaka University, Graduate School of Economics.
    113. Buiter, Willem H. & Sibert, Anne C., 2016. "Government deficits in large open economies: The problem of too little public debt," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-39.
    114. Mansoorian, Arman & Mohsin, Mohammed, 2010. "On the employment, investment, and current account effects of trade liberalizations with durability in consumption," The North American Journal of Economics and Finance, Elsevier, vol. 21(3), pages 228-240, December.
    115. Yunfang Hu & Kazuo Mino, 2009. "Financial Integration and Aggregate Stability," Discussion Papers in Economics and Business 09-01, Osaka University, Graduate School of Economics.
    116. Piotr Misztal, 2010. "The Harberger-Laursen-Metzler Effect. Theory and Practice in Poland," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 13(38), pages 129-146, December.
    117. Jeffrey Carpenter & Stephen Burks & Lorenz Götte, 2006. "Performance Pay and the Erosion of Worker Cooperation: Field experimental evidence," Middlebury College Working Paper Series 0603, Middlebury College, Department of Economics.
    118. Erauskin-Iurrita, Inaki, 2008. "Financial openness and the size of the public sector: a portfolio approach," MPRA Paper 10619, University Library of Munich, Germany, revised 15 Sep 2008.
    119. Mansoorian Arman & Neaime Simon, 2002. "Habits And Durability In Consumption And The Effects Of Exchange Rate Policies," International Economic Journal, Taylor & Francis Journals, vol. 16(2), pages 97-114.
    120. Mansoorian, Arman & Mohsin, Mohammed, 2013. "Real asset returns, inflation and activity in a small, open, Cash-in-Advance economy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 234-250.
    121. Ulrich Kohli & Jean-Marc Natal, 2014. "The real exchange rate and the structure of aggregate production," Journal of Productivity Analysis, Springer, vol. 42(1), pages 1-13, August.
    122. Araujo, Juliana D. & Li, Bin Grace & Poplawski-Ribeiro, Marcos & Zanna, Luis-Felipe, 2016. "Current account norms in natural resource rich and capital scarce economies," Journal of Development Economics, Elsevier, vol. 120(C), pages 144-156.
    123. Eliasson, Ludvik & Turnovsky, Stephen J., 2004. "Renewable resources in an endogenously growing economy: balanced growth and transitional dynamics," Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1018-1049, November.
    124. Mizuki Tsuboi, 2018. "Stochastic accumulation of human capital and welfare in the Uzawa–Lucas model: an analytical characterization," Journal of Economics, Springer, vol. 125(3), pages 239-261, November.
    125. Francisco de A. Nadal-De Simone, 2001. "Inflation targeting in a small open economy: The behaviour of price variables," New Zealand Economic Papers, Taylor & Francis Journals, vol. 35(1), pages 101-142.
    126. Joao L. M. Amador, 2000. "Fiscal federalism in continuous time stochastic economies," Nova SBE Working Paper Series wp383, Universidade Nova de Lisboa, Nova School of Business and Economics.
    127. Olivier, CARDI, 2005. "The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks," Discussion Papers (ECON - Département des Sciences Economiques) 2005030, Université catholique de Louvain, Département des Sciences Economiques.
    128. Fujiki, Hiroshi & Watanabe, Kiyoshi, 2003. "Effects of External Debt on Domestic Resource Allocation in a Small Open Economy with Limited Access to the World Capital Market," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 21(4), pages 21-56, December.
    129. Mansoorian, Arman & Mohsin, Mohammed, 2006. "On the employment, investment and current account effects of inflation," Journal of International Economics, Elsevier, vol. 70(1), pages 296-313, September.
    130. Lim, Sokchea & Khun, Channary, 2022. "Macroeconomic impacts of remittances: A two-country, two-sector model," Journal of Macroeconomics, Elsevier, vol. 73(C).
    131. Wen-Ya Chang & Hsueh-Fang Tsai, 2006. "Devaluation, Capital Formation, and the Current Account," Open Economies Review, Springer, vol. 17(3), pages 341-357, July.
    132. Emmanuelle Taugourdeau, 2002. "Imperfect Competition and Fiscal Policy Transmission in a Two-Country Economy," Open Economies Review, Springer, vol. 13(1), pages 47-71, January.
    133. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2002. "Anticipated foreign military threat, arms accumulation, and the current account in a small open economy," Journal of International Money and Finance, Elsevier, vol. 21(7), pages 1035-1052, December.
    134. Stefan F. Schubert & álvaro Matias & Carlos M.G. Costa, 2012. "A General Equilibrium Analysis of Casino Taxation in Portugal," Tourism Economics, , vol. 18(3), pages 475-494, June.
    135. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.
    136. Álvaro Moreno, 2002. "Determinantes del tipo de cambio real en Colombia. Un modelo neokeynesiano," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 40-61, July-Dece.
    137. Mansoorian, Arman & Michelis, Leo, 2010. "Monetary policy in a small open economy with durable goods and differing cash-in-advance constraints," Economics Letters, Elsevier, vol. 107(2), pages 246-248, May.
    138. Grinols, Earl & Lin, Hwan C., 2006. "Global patent protection: channels of north and south welfare gain," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 205-227, February.
    139. Birchenall, Javier A., 2008. "Equilibrium, convergence, and capital mobility in neoclassical models of growth," Economics Letters, Elsevier, vol. 99(1), pages 10-13, April.
    140. Marmont Lobo, Rui F. & de Sousa, Miguel Rocha, 2014. "A macro-physics model of depreciation rate in economic exchange," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 395(C), pages 269-274.
    141. Turnovsky, Stephen J., 2019. "Demographic structures, savings, and international capital flows," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.
    142. Bilal KARGI, 2016. "Is Wagner’s law applicable for fast growing economies? BRICS and MATIK countries," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 9(1), pages 1-15, June.
    143. Juan Gabriel Brida & Stefan Franz Schubert, 2008. "The Economic Effects Of Advertising On Tourism Demand," Economics Bulletin, AccessEcon, vol. 6(45), pages 1-16.
    144. Erauskin, Iñaki & Gardeazabal, Javier, 2017. "The terms of trade, the external balance, and the size of the net foreign asset position," International Review of Economics & Finance, Elsevier, vol. 50(C), pages 245-260.
    145. Yasuhiro Nakamoto & Taketo Kawagishi, 2021. "The Impacts of Temporary and Permanent Public Health Policies on HRQOL in a Small Open Economy," Sustainability, MDPI, vol. 13(17), pages 1-33, September.
    146. Lessmann, Kai & Marschinski, Robert & Edenhofer, Ottmar, 2009. "The effects of tariffs on coalition formation in a dynamic global warming game," Economic Modelling, Elsevier, vol. 26(3), pages 641-649, May.
    147. Etro, Federico, 2017. "Research in economics and macroeconomics," Research in Economics, Elsevier, vol. 71(3), pages 373-383.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.