Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/14666
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dc.titleLong-run effects of government policy in the growth model with creative destruction
dc.contributor.authorXU WEN
dc.date.accessioned2010-04-08T10:45:31Z
dc.date.available2010-04-08T10:45:31Z
dc.date.issued2005-03-15
dc.identifier.citationXU WEN (2005-03-15). Long-run effects of government policy in the growth model with creative destruction. ScholarBank@NUS Repository.
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/14666
dc.description.abstractThe non-scale Schumpeterian model of Howitt (1999) does not generate socially optimal outcomes. This is mainly due to the monopoly power in intermediate sectors and the existence of R&D externalities. Because of these distortions, the decentralized growth rate deviates from its optimal level, and the decentralized final output is always lower than that of social plannera??s economy. This thesis analyses whether the government can use policy instruments to guide the decentralized economy reaching the socially optimal growth. It shows that a proper combination of policies containing capital-income tax, lump-sum tax, investment subsidy, as well as vertical and horizontal R&D subsidies could achieve this goal. It also shows that a subsidy to intermediate-good purchase could eliminate the level difference between final outputs.
dc.language.isoen
dc.subjectgrowth, endogenous model, social planner, government policy
dc.typeThesis
dc.contributor.departmentECONOMICS
dc.contributor.supervisorZENG JINLI
dc.description.degreeMaster's
dc.description.degreeconferredMASTER OF SOCIAL SCIENCES
dc.identifier.isiutNOT_IN_WOS
Appears in Collections:Master's Theses (Open)

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