| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3401 |
| DP3401 Cash Flow Taxes in an Open Economy | |
| Michael Devereux; Stephen Roy Bond | |
| 发表日期 | 2002-05-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs and firms continuously introduce new products. In equilibrium industries with an expanding and those with a declining employment share co-exist, and each such industry goes (or has already gone) through a cycle of take-off, maturity, and stagnation. Nonetheless macroeconomic aggregates grow pari passu at a constant rate. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Demand externalities Kaldor facts Balanced growth Structural change Innovation Hierarchic preferences Multiple equilibria |
| URL | https://cepr.org/publications/dp3401 |
| 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/532423 |
| 推荐引用方式 GB/T 7714 | Michael Devereux,Stephen Roy Bond. DP3401 Cash Flow Taxes in an Open Economy. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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