Fiscal Spending and National Income with Imperfect Competition

Chi-Chur Chao and Eden Yu

The Manchester School of Economic & Social Studies, 1996, vol. 64, issue 4, 405-20

Abstract: In this paper, the authors examine fiscal policy effectiveness under oligopolistic competition and increasing returns to scale. Their results indicate that fiscal policy is always contractionary in a classical, full-employment economy. Similarly, fiscal policy can reduce national income in a Keynesian, unemployment model. Hence, fiscal policy may not be effective in promoting national income. Copyright 1996 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:bla:manch2:v:64:y:1996:i:4:p:405-20

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