Transitional Dynamics and Indeterminacy of Equilibria is an Endogenous Growth Model with a Public Input
The authors analyze an endogenous growth model with economy-wide increasing returns, in which a public input is essential for private production. Within such a framework, it is shown that a continuum of equilibria and global indeterminacy can arise for reasonable parameter values, simply due to the presence of endogenous public policy. This can potentially account for "leapfrogging" or retroceding growth experiences. It is demonstrated how fiscal policy can serve as a selection device among different convergent paths. Copyright Blackwell Publishing Ltd 2003
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Oct 2000|
|Contact details of provider:|| |
Other versions of this item:
- Theodore Palivos & Chong K. Yip & Junxi Zhang, 2003. "Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with a Public Input," Review of Development Economics, Wiley Blackwell, vol. 7(1), pages 86-98, February.
- Simon Wiederhold, 2009. "Government Spending Composition in a Simple Model of Schumpeterian Growth," Jena Economic Research Papers 2009-101, Friedrich-Schiller-University Jena.
- Panagiotis Tsintzos, 2012. "Public Investment Rules and Indeterminacy," Economics Bulletin, AccessEcon, vol. 32(1), pages 7-15.
- Long Xin & Pelloni Alessandra, 2011.
"Welfare improving taxation on saving in a growth model,"
0071, Department of Communication, University of Teramo.
- 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.
- Xin Long & Alessandra Pelloni, 2012. "Welfare Improving Taxation on Savings in a Growth Model," Working Paper Series 01_12, The Rimini Centre for Economic Analysis.
- Long Xin & Pelloni Alessandra, 2011. "Welfare improving taxation on savings in a growth model," wp.comunite 0091, Department of Communication, University of Teramo.
- 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.
- Jang-Ting Guo & Shu-Hua Chen, 2013. "Progressive Taxation and Macroeconomic (In)stability with Utility-Generating Government Spending," Working Papers 201302, University of California at Riverside, Department of Economics, revised Apr 2013.
- 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.
- P R Agénor, 2005. "Infrastructure, Public Education and Growth with Congestion Costs," Centre for Growth and Business Cycle Research Discussion Paper Series 47, Economics, The Univeristy of Manchester.
- Pierre-Richard Agénor, 2005. "Infrastructure, Public Education and Growth with Congestion Costs," The School of Economics Discussion Paper Series 0524, Economics, The University of Manchester.
- Hu, Yunfang & Ohdoi, Ryoji & Shimomura, Koji, 2008. "Indeterminacy in a two-sector endogenous growth model with productive government spending," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1104-1123, September.
- Yunfang Hu & Ryoji Ohdoi & Koji Shimomura, 2004. "Indeterminacy in a Two-sector Endogenous Growth Model with Productive Government Spending," Discussion Paper Series 149, Research Institute for Economics & Business Administration, Kobe University.
- Suen, Ming-Hon & Yip, Chong K., 2005. "Superneutrality, indeterminacy and endogenous growth," Journal of Macroeconomics, Elsevier, vol. 27(4), pages 579-595, December.
- Ming Hon Suen & Chong K. Yip, 2001. "Superneutrality, Indeterminacy, and Endogenous Growth," Departmental Working Papers _136, Chinese University of Hong Kong, Department of Economics.
- 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.
- Been-Lon Chen & Angus Chu, 2010. "On R&D spillovers, multiple equilibria and indeterminacy," Journal of Economics, Springer, vol. 100(3), pages 247-263, July.
- 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, January.
- 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.
- repec:eur:ejesjr:64 is not listed on IDEAS
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2015. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," Working Papers halshs-01199774, HAL.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2016. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," Working Papers halshs-01252332, HAL.
- Patrick VILLIEU & Maxime MENUET & Alexandru MINEA, 2015. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," LEO Working Papers / DR LEO 2294, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Jang-Ting Guo & Shu-Hua Chen, 2016. "On Indeterminacy and Growth under Progressive Taxation and Utility-Generating Government Spending," Working Papers 201604, University of California at Riverside, Department of Economics.
- Takeo Hori & Noritaka Maebayashi, 2013. "Indeterminacy and utility-generating government spending under balanced-budget fiscal policies," Discussion Papers in Economics and Business 13-13, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
When requesting a correction, please mention this item's handle: RePEc:chk:cuhked:_128. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.
Follow series, journals, authors & more
New papers by email
Subscribe to new additions to RePEc
Public profiles for Economics researchers
Various rankings of research in Economics & related fields
Who was a student of whom, using RePEc
Curated articles & papers on various economics topics
Upload your paper to be listed on RePEc and IDEAS
Blog aggregator for economics research
Cases of plagiarism in Economics
Job Market Papers
RePEc working paper series dedicated to the job market
Pretend you are at the helm of an economics department
Services from the StL Fed
Data, research, apps & more from the St. Louis Fed