| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1158 |
| DP1158 The Entwining of Trade Policy with Environmental and Labour Standards | |
| Kym Anderson | |
| 发表日期 | 1995-03-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper shows that fiscal policy, when used for stabilization purposes, can have a positive effect on the economy's growth, on human capital accumulation, and on welfare, along the transition path. We introduce symmetric productivity shocks into a model in which productivity is augmented through learning by doing. If future benefits of learning by doing are not fully internalized by workers, then recessions are periods in which opportunities for acquiring experience are foregone. We identify configurations of disturbances and other parameters for which a countercyclical policy maximizes growth and welfare. |
| 主题 | International Macroeconomics |
| 关键词 | Cycles Growth Learning by doing Stabilization policy |
| URL | https://cepr.org/publications/dp1158 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530296 |
| 推荐引用方式 GB/T 7714 | Kym Anderson. DP1158 The Entwining of Trade Policy with Environmental and Labour Standards. 1995. |
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