𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Costly capital reallocation and the effects of government spending: A comment

✍ Scribed by Martin Eichenbaum


Book ID
117349679
Publisher
Elsevier Science
Year
1998
Weight
866 KB
Volume
48
Category
Article
ISSN
0167-2231

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


Increasing returns, capital utilization,
✍ Jang-Ting Guo πŸ“‚ Article πŸ“… 2004 πŸ› Elsevier Science 🌐 English βš– 499 KB

We show that a one-sector real business cycle model with mild increasing returns-to-scale, variable capital utilization and saddle-path stability is able to produce qualitatively realistic business cycles driven solely by disturbances to government purchases. Due to an endogenous increase in labor p