Publicação
A simple business-cycle model with schumpeterian features
| Resumo: | 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. |
|---|---|
| Autores principais: | Costa, Luís F. |
| Outros Autores: | Dixon, Huw D. |
| Assunto: | Entry Hysteresis Mark-up |
| Ano: | 2005 |
| País: | Portugal |
| Tipo de documento: | working paper |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1866811583571689472 |
|---|---|
| author | Costa, Luís F. |
| author2 | Dixon, Huw D. |
| author2_role | author |
| author_facet | Costa, Luís F. Dixon, Huw D. |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Costa, Luís F.\"},{\"Person.name\":\"Dixon, Huw D.\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Costa, Luís F. Dixon, Huw D. |
| datacite.date.Accepted.fl_str_mv | 2005-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2010-12-14T16:33:06Z |
| datacite.date.embargoed.fl_str_mv | 2010-12-14T16:33:06Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Entry Hysteresis Mark-up |
| datacite.titles.title.fl_str_mv | A simple business-cycle model with schumpeterian features |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Costa, Luís F. Dixon, Huw D. |
| dc.date.Accepted.fl_str_mv | 2005-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2010-12-14T16:33:06Z |
| dc.date.embargoed.fl_str_mv | 2010-12-14T16:33:06Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/2684 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | ISEG – Departamento de Economia |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Entry Hysteresis Mark-up |
| dc.title.fl_str_mv | A simple business-cycle model with schumpeterian features |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_8042 |
| description | 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/3fe0b3dd-b9ed-46de-8a73-74d1a2ef922e/download |
| id | ul_3ffecfbb6be6dbd91d6cd08ed90ea455 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/2684 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/2684 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Costa, Luís F. Dixon, Huw D. |
| publishDate | 2005 |
| publisher.none.fl_str_mv | ISEG – Departamento de Economia |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engISEG – Departamento de EconomiaporWe 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.application/pdfporA simple business-cycle model with schumpeterian featuresCosta, Luís F.Dixon, Huw D.HostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.ptISSNIsPartOf0874-45482010-12-14T16:33:06Z20052005-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/2684http://purl.org/coar/access_right/c_abf2open accessEntryHysteresisMark-up269297 bytesother research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/3fe0b3dd-b9ed-46de-8a73-74d1a2ef922e/download |
| spellingShingle | A simple business-cycle model with schumpeterian features Costa, Luís F. Entry Hysteresis Mark-up |
| status | SINGLETON |
| subject.fl_str_mv | Entry Hysteresis Mark-up |
| title | A simple business-cycle model with schumpeterian features |
| title_full | A simple business-cycle model with schumpeterian features |
| title_fullStr | A simple business-cycle model with schumpeterian features |
| title_full_unstemmed | A simple business-cycle model with schumpeterian features |
| title_short | A simple business-cycle model with schumpeterian features |
| title_sort | A simple business-cycle model with schumpeterian features |
| topic | Entry Hysteresis Mark-up |
| topic_facet | Entry Hysteresis Mark-up |
| url | http://hdl.handle.net/10400.5/2684 |
| visible | 1 |