๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Social Increasing Returns and the Effects of Immigration on the Host Country Economy

โœ Scribed by Maria Carillo; Concetto Vinci


Book ID
108549721
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
352 KB
Volume
13
Category
Article
ISSN
1121-7081

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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