UTL Repository >
ISEG - Instituto Superior de Economia e Gestão / ISEG - School of Economics & Management Lisbon >
Departamento de Economia / Department of Economics >
DE - Documentos de trabalho / Working Papers >

Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2684

Title: A simple business-cycle model with schumpeterian features
Authors: Costa, Luís F.
Dixon, Huw D.
Keywords: Entry
Hysteresis
Mark-up
Issue Date: 2005
Publisher: ISEG – Departamento de Economia
Citation: Costa, Luís F. e Huw D. Dixon. 2005. "A simple business-cycle model with schumpeterian features". Instituto Superior de Economia e Gestão - DE Working papers nº 16-2005/DE/UECE
Series/Report no.: nº 16-2005/DE/UECE;DE Working papers
Abstract: We develop a dynamic general equilibrium model of imperfect competition where a sunk cost of creating a new product regulates the type of entry that dominates in the economy: new products or more competition in existing industries. Considering the process of product innovation is irreversible, introduces hysteresis in the business cycle. Expansionary shocks may lead the economy to a new 'prosperity plateau,' but contractionary shocks only affect the market power of mature industries.
URI: http://hdl.handle.net/10400.5/2684
ISSN: 0874-4548
Publisher version: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26433
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

Files in This Item:

File Description SizeFormat
wp162005.pdf262.99 kBAdobe PDFView/Open
Statistics
FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpaceOrkut
Formato BibTex mendeley Endnote Logotipo do DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

 
Estamos no RCAAP Governo Português separator Ministério da Educação e Ciência   Fundação para a Ciência e a Tecnologia

Financiado por:

POS_C UE