File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Market structure and fiscal policy effectiveness

TitleMarket structure and fiscal policy effectiveness
Authors
Molana, HZhang, J
KeywordsFiscal Multiplier
Imperfect Competition
Monopoly Power
Welfare
Issue Date2001
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/SJOE
Citation
Scandinavian Journal Of Economics, 2001, v. 103 n. 1, p. 147-164 How to Cite?
AbstractIn a monopolistic competition macromodel with endogenous market structure, the fiscal multiplier is shown to consist of two components. The first depicts the response of output to a fiscal expansion through the conventional channels that disregard the role of market imperfections. The second component captures the effects of firms' market power as well as the policy-induced change in market structure. The latter effect-which has not been taken into account in existing studies - is shown to be quite significant in raising the fiscal multiplier (even above unity) and in improving consumers' welfare when the labour market is competitive.
Persistent Identifierhttp://hdl.handle.net/10722/177686
ISSN
0347-0520
2023 Impact Factor: 1.3
2023 SCImago Journal Rankings: 1.175
ISI Accession Number ID
WOS:000168916400009
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorMolana, Hen_US
dc.contributor.authorZhang, Jen_US
dc.date.accessioned2012-12-19T09:39:32Z-
dc.date.available2012-12-19T09:39:32Z-
dc.date.issued2001en_US
dc.identifier.citationScandinavian Journal Of Economics, 2001, v. 103 n. 1, p. 147-164en_US
dc.identifier.issn0347-0520en_US
dc.identifier.urihttp://hdl.handle.net/10722/177686-
dc.description.abstractIn a monopolistic competition macromodel with endogenous market structure, the fiscal multiplier is shown to consist of two components. The first depicts the response of output to a fiscal expansion through the conventional channels that disregard the role of market imperfections. The second component captures the effects of firms' market power as well as the policy-induced change in market structure. The latter effect-which has not been taken into account in existing studies - is shown to be quite significant in raising the fiscal multiplier (even above unity) and in improving consumers' welfare when the labour market is competitive.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/SJOEen_US
dc.relation.ispartofScandinavian Journal of Economicsen_US
dc.subjectFiscal Multiplieren_US
dc.subjectImperfect Competitionen_US
dc.subjectMonopoly Poweren_US
dc.subjectWelfareen_US
dc.titleMarket structure and fiscal policy effectivenessen_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-s2.0-0035608239en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035608239&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume103en_US
dc.identifier.issue1en_US
dc.identifier.spage147en_US
dc.identifier.epage164en_US
dc.identifier.isiWOS:000168916400009-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridMolana, H=6603124142en_US
dc.identifier.scopusauthoridZhang, J=55367373100en_US
dc.identifier.issnl0347-0520-

Export via OAI-PMH Interface in XML Formats

OR

Export to Other Non-XML Formats