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Article: Evolution in division of labor and macroeconomic policies
Title | Evolution in division of labor and macroeconomic policies |
---|---|
Authors | |
Issue Date | 1997 |
Publisher | Blackwell 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? |
Abstract | The 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 Identifier | http://hdl.handle.net/10722/177670 |
ISSN | 2023 Impact Factor: 2.0 2023 SCImago Journal Rankings: 0.638 |
References |
DC Field | Value | Language |
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dc.contributor.author | Zhang, J | en_US |
dc.date.accessioned | 2012-12-19T09:39:29Z | - |
dc.date.available | 2012-12-19T09:39:29Z | - |
dc.date.issued | 1997 | en_US |
dc.identifier.citation | Review Of Development Economics, 1997, v. 1 n. 2, p. 236-245 | en_US |
dc.identifier.issn | 1363-6669 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177670 | - |
dc.description.abstract | The 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.language | eng | en_US |
dc.publisher | Blackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDE | en_US |
dc.relation.ispartof | Review of Development Economics | en_US |
dc.title | Evolution in division of labor and macroeconomic policies | en_US |
dc.type | Article | en_US |
dc.identifier.email | Zhang, J: jjzhang@econ.hku.hk | en_US |
dc.identifier.authority | Zhang, J=rp01124 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.scopus | eid_2-s2.0-0031428229 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0031428229&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 1 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.spage | 236 | en_US |
dc.identifier.epage | 245 | en_US |
dc.publisher.place | United Kingdom | en_US |
dc.identifier.scopusauthorid | Zhang, J=55367373100 | en_US |
dc.identifier.issnl | 1363-6669 | - |