کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
968364 1479377 2008 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Dynamic general-equilibrium model of an open economy: A comment
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Dynamic general-equilibrium model of an open economy: A comment
چکیده انگلیسی

The model developed by Devarajan and Go [Devarajan S., & Go S. (1998). The simplest dynamic general-equilibrium model of an open economy. Journal of Policy Modeling, 20(6), 677–714] presents the simplest possible general-equilibrium model of an open economy in which producers’ and consumers’ decisions are both intra-and inter-temporally consistent. Unfortunately, there is possible leakage in that imported capital goods are taxed twice, yet these taxes do not show up fully in the government's budget constraint. Additionally, one of the proposed terminal conditions is implied by the other equations because of Walras’ Law. Therefore, the model description is lacking an appropriate terminal condition. In this paper an alternative set of equations is presented that removes the possible leakage and has an additional terminal condition with respect to one of the stock variables.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 30, Issue 6, November–December 2008, Pages 993–997
نویسندگان
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