| 来源类型 | Monograph (IIASA Collaborative Paper)
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| 规范类型 | 论文
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| Price-Output Dynamics and Returns to Scale. |
| Heal G
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| 发表日期 | 1983
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| 出版者 | IIASA, Laxenburg, Austria: CP-83-043
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| 出版年 | 1983
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| 语种 | 英语
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| 摘要 | I consider the dynamics of an economy where prices move in response to excess demand, and outputs change according to the difference between price and cost. If there are economies of scale in production, these adjustment processes lead the economy to one of two regimes. In one regime, output, productivity, and profits all rise, while prices fall. In the other, output, productivity, and profits all fall, while prices rise. Depending on initial conditions which are policy-amenable, the economy moves to self-reinforcing growth, or to stagflation. An exogenous shock, such as a rise in the price of an imported input or a sharp restriction of demand, may transfer a previously healthy economy from the growth-with-price-stability regime to the stagflationary regime. |
| 主题 | Industrial Metabolism (IND)
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| URL | http://pure.iiasa.ac.at/id/eprint/2339/
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| 来源智库 | International Institute for Applied Systems Analysis (Austria)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/122689
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推荐引用方式
GB/T 7714 |
Heal G. Price-Output Dynamics and Returns to Scale.. 1983.
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文件名：
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CP-83-043.pdf
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格式：
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Adobe PDF
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