A simple business-cycle model with schumpeterian features

Detalhes bibliográficos
Autor(a) principal: Costa, Luís F.
Data de Publicação: 2005
Outros Autores: Dixon, Huw D.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/2684
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.
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spelling A simple business-cycle model with schumpeterian featuresEntryHysteresisMark-upWe 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.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaCosta, Luís F.Dixon, Huw D.2010-12-14T16:33:06Z20052005-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2684engCosta, Luís F. e Huw D. Dixon. 2005. "A simple business-cycle model with schumpeterian features". Instituto Superior de Economia e Gestão - DE Working papers nº 16-2005/DE/UECE0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:33:52Zoai:www.repository.utl.pt:10400.5/2684Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:50:38.826473Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv A simple business-cycle model with schumpeterian features
title A simple business-cycle model with schumpeterian features
spellingShingle A simple business-cycle model with schumpeterian features
Costa, Luís F.
Entry
Hysteresis
Mark-up
title_short 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_sort A simple business-cycle model with schumpeterian features
author Costa, Luís F.
author_facet Costa, Luís F.
Dixon, Huw D.
author_role author
author2 Dixon, Huw D.
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Costa, Luís F.
Dixon, Huw D.
dc.subject.por.fl_str_mv Entry
Hysteresis
Mark-up
topic Entry
Hysteresis
Mark-up
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.
publishDate 2005
dc.date.none.fl_str_mv 2005
2005-01-01T00:00:00Z
2010-12-14T16:33:06Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/2684
url http://hdl.handle.net/10400.5/2684
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Costa, Luís F. e Huw D. Dixon. 2005. "A simple business-cycle model with schumpeterian features". Instituto Superior de Economia e Gestão - DE Working papers nº 16-2005/DE/UECE
0874-4548
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG – Departamento de Economia
publisher.none.fl_str_mv ISEG – Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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