دورية أكاديمية
Competition versus Monopolistic Competition by Integrating Solow-Uzawa and Dixit-Stiglitz
| العنوان: | Competition versus Monopolistic Competition by Integrating Solow-Uzawa and Dixit-Stiglitz |
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| المؤلفون: | Wei-Bin Zhang |
| المصدر: | Ovidius University Annals: Economic Sciences Series, Vol XIX, Iss 2, Pp 390-400 (2019) |
| بيانات النشر: | Ovidius University Press, 2019. |
| سنة النشر: | 2019 |
| المجموعة: | LCC:Business LCC:Economics as a science |
| مصطلحات موضوعية: | dixit-stiglitz model, monopolistic competition, uzawa model, profit distribution, perfect competition, Business, HF5001-6182, Economics as a science, HB71-74 |
| الوصف: | This paper builds a neoclassical growth model with monopolistic competition and perfect competition. The paper synthesizes the basic economic mechanisms in neoclassical growth theory and monopolistic competition within a compact framework. The economic structure is based on the SolowUzawa growth models. We model monopolistic competition on basis of the Dixit-Stiglitz model. This paper makes a unique contribution to growth theory by making deviations from the traditional approaches in household behavior in monopolistic competition literature and markets in neoclassical growth theory. We develop and then show behavior of the model by simulation. The calibration identifies a stable unique equilibrium point. The motion of the economy is plotted. We also studies comparative dynamic processes due to changes in degree of specialization, unit labor requirement for production of intermediates, output elasticity of intermediate inputs, propensity to save, propensity to consume service, and human capital. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2393-3127 |
| العلاقة: | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2020/02/Section%20III/31.pdfTest; https://doaj.org/toc/2393-3127Test |
| الوصول الحر: | https://doaj.org/article/e500632f677c4df499449bdec9f44b88Test |
| رقم الانضمام: | edsdoj.500632f677c4df499449bdec9f44b88 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 23933127 |
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