دورية أكاديمية
Economic Growth and Wealth Accumulation with Perfect and Monopolistic Competition
| العنوان: | Economic Growth and Wealth Accumulation with Perfect and Monopolistic Competition |
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| المؤلفون: | Wei-Bin ZHANG |
| المصدر: | USV Annals of Economics and Public Administration, Vol 20, Iss 31, Pp 7-25 (2020) |
| بيانات النشر: | Editura Univeristatii "Stefan cel Mare" din Suceava, 2020. |
| سنة النشر: | 2020 |
| المجموعة: | LCC:Business |
| مصطلحات موضوعية: | solow model, perfect competition, dixit-stiglitz model, grossman and helpman model, monopolistic competition, wealth accumulation, profit distribution, general economic equilibrium., Business, HF5001-6182 |
| الوصف: | This study constructs a growth model by integrating the three basic models in neoclassical growth theory with perfect competition and general equilibrium theory with monopolistic competition. The economy is composed of three sectors – the final good sector as in Solow’s one sector growth model, the middle goods sector for final good as Grossman and Helpman’s intermediates sector (which supplies intermediate inputs for the final good sector), and the middle goods sector for consumption as Dixit and Stiglitz’s intermediates sector (which supplies goods for consumption). Our model is different from the Solow model in that we model the household behavior with the utility function and disposable income proposed by Zhang. We deviate from the Dixit-Stiglitz model and the Grossman- Helpman model in that we distribute the profits of firms in monopolistic competition to households. We build and then simulate the model. We demonstrate the existence of a unique stable equilibrium point and plot the motion of the economy. We examine the effects of exogenous changes in some parameters. The comparative dynamic analysis analyzes the effects of the exogenous changes on transitory process and long-term equilibrium structure. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2285-3332 2344-3847 |
| العلاقة: | http://annals.seap.usv.ro/index.php/annals/article/view/1216/1000Test; https://doaj.org/toc/2285-3332Test; https://doaj.org/toc/2344-3847Test |
| الوصول الحر: | https://doaj.org/article/b019188996c241e48f4b832a2c655501Test |
| رقم الانضمام: | edsdoj.b019188996c241e48f4b832a2c655501 |
| قاعدة البيانات: | Directory of Open Access Journals |
| تدمد: | 22853332 23443847 |
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