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Article: Evolution in division of labor and macroeconomic policies

TitleEvolution in division of labor and macroeconomic policies
Authors
Issue Date1997
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDE
Citation
Review Of Development Economics, 1997, v. 1 n. 2, p. 236-245 How to Cite?
AbstractThe relative merits of income-tax and money financing of a constant share of government expenditure in GNP are assessed in a dynamic learning-by-doing model with endogenous specialization. It is shown that the mode of the financing policy has real effects, in particular on the speed of evolution in division of labor and the growth rate of an economy. Different government financing methods invoke different effects; as the economy develops, the effectiveness of these policies may vary with the extent of the division of labor. Some of the effects are also found to be substantially different from those in conventional models with exogenous specialization.
Persistent Identifierhttp://hdl.handle.net/10722/177670
ISSN
2015 Impact Factor: 0.296
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorZhang, Jen_US
dc.date.accessioned2012-12-19T09:39:29Z-
dc.date.available2012-12-19T09:39:29Z-
dc.date.issued1997en_US
dc.identifier.citationReview Of Development Economics, 1997, v. 1 n. 2, p. 236-245en_US
dc.identifier.issn1363-6669en_US
dc.identifier.urihttp://hdl.handle.net/10722/177670-
dc.description.abstractThe relative merits of income-tax and money financing of a constant share of government expenditure in GNP are assessed in a dynamic learning-by-doing model with endogenous specialization. It is shown that the mode of the financing policy has real effects, in particular on the speed of evolution in division of labor and the growth rate of an economy. Different government financing methods invoke different effects; as the economy develops, the effectiveness of these policies may vary with the extent of the division of labor. Some of the effects are also found to be substantially different from those in conventional models with exogenous specialization.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDEen_US
dc.relation.ispartofReview of Development Economicsen_US
dc.titleEvolution in division of labor and macroeconomic policiesen_US
dc.typeArticleen_US
dc.identifier.emailZhang, J: jjzhang@econ.hku.hken_US
dc.identifier.authorityZhang, J=rp01124en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0031428229en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0031428229&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume1en_US
dc.identifier.issue2en_US
dc.identifier.spage236en_US
dc.identifier.epage245en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridZhang, J=55367373100en_US

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