ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00714.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00715.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00716.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00717.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACTThe paper investigates the stability of a competitive equilibrium if there are externalities in production. There is a positive externality associated with capital, e.g. a spill‐over of technological knowledge, and a negative externality associated with an environmental factor of production. Firms are assumed not to take these externalities into account when they adjust their factor allocation to changes in factor prices It is shown that all types of adjustment paths. including chaotic ones, are feasibl

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00718.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACTThe paper examines the effects of introducing a one‐period production lag into what is otherwise a fairly standard macroeconomic model. Depending upon the relative elasticities of aggregate demand and supply it is possible that such a neoclassical model can produce extreme Keynesian results.The response of output to changes in government consumption can be greater even than the simple multiplier; this effect can be greater under rational expectations than under adaptative expectations. Introducing an efficiency wage story into the model leads naturally to the existence of a Phillips curv

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00719.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACTThe paper develops a simple multiplier‐accelerator model of a market economy, where the strength of the accelerator relationship between current investment and past output depends on the state of the economy. It is found that the greater the values of the multiplier and the accelerator, the more persistent and aperiodic («chaotic») would be the cyclical behaviour of the econ

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00720.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACTThis paper examines advertising rivarly in the Australina Banking Industry. It offers a theoretical discussion of a number of criteria that may be used in distinguishing the role of advertising in an oligopolistic market framework. Empirical evidence is obtained by testing single and simultaneous equation models.

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00721.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACTThis paper empirically investigates the impact of central government budget deficits upon interest rates in Italy. The period studied runs from 1955 to 1989, and annual data are used. The interest rate measure is theex antereal rate of interest. It is found, using an instrumental variables technique to control for the endogeneity of the budget deficit, that the budget deficit raises theex antereal interest rate in Italy.

ISSN:0026-1386    

DOI:10.1111/j.1467-999X.1992.tb00722.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY