•  2
    © 2014 Western Economic Association International. This article examines the quantitative interrelations between sectoral composition of public spending and equilibrium determinacy in a two-sector real business cycle model with positive productive externalities in investment. When government purchases of consumption and investment goods are set as constant fractions of their respective sectoral output, we show that the public-consumption share plays no role in the model's local dynamics, and tha…Read more
  •  2
    Sectoral composition of government spending and macroeconomic stability
    with J. -T. Guo, J. -Y. Shieh, and W. -N. Wang
    This article examines the quantitative interrelations between sectoral composition of public spending and equilibrium determinacy in a two-sector real business cycle model with positive productive externalities in investment. When government purchases of consumption and investment goods are set as constant fractions of their respective sectoral output, we show that the public-consumption share plays no role in the model's local dynamics, and that a sufficiently high public-investment share can s…Read more
  •  24
    Mullet, E., 387 Ponssard, JP, 239 Romero-Medina, A., 305
    with M. Abdellaoui, M. Basili, W. Bossert, J. Carpenter, D. P. Cervone, and A. Chateauneuf
    Theory and Decision 58 407. 2005.