The transformational recession under a resources mobility constraint.
A general equilibrium model is developed in which price changes are triggered by a tax reform and resource mobility is restricted. Removing a pretransition price distortion causes a recession in the short run, the size of which is shown to be proportional to the original distortion. Permitting inter...
| Publicado en: | Journal of Comparative Economics Vol. 29; no. 3; pp. 403 - 417 |
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| Autores principales: | , |
| Formato: | Artículo |
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Academic Press Inc.
September 2001
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=513058025&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513058025 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01475967 JCE jtl: Journal of Comparative Economics issn: 01475967 maglogo: N pubinfo: dt: September 2001 vid: 29 iid: 3 pid: 735 pub: Academic Press Inc. artinfo: ui: 513058025 10.1006/jcec.2001.1727 ppf: 403 ppct: 14 formats: tig: atl: The transformational recession under a resources mobility constraint. aug: au: Gomulka, Stanislaw Lane, John su: Economic equilibrium Input-output analysis Prices -- Mathematical models Resource allocation -- Mathematical models sug: subj: Economic equilibrium Input-output analysis Prices -- Mathematical models Resource allocation -- Mathematical models ab: A general equilibrium model is developed in which price changes are triggered by a tax reform and resource mobility is restricted. Removing a pretransition price distortion causes a recession in the short run, the size of which is shown to be proportional to the original distortion. Permitting intersectoral wage differences would moderate the recession but at a cost in long-term efficiency. An increase in government spending reduces total unemployment, but at a cost in long-term welfare, while intersectoral transfer through interenterprise debt makes the sectoral distribution of unemployment more equal but does not change total unemployment and may reduce welfare. J. Comp. Econ., September 2001, |Wb29[|WB](3), pp. 403–416. London School of Economics, London WC2A 2AE, United Kingdom. Copyright 2001 Academic Press.Journal of Economic Literature Classification Numbers: C13, E32, O11. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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