A STUDY ON THE IMPACTS OF INFRASTRUCTURE DEVELOPMENT UNDER DISEQUILIBRIUM ECONOMY

DOI Web Site Web Site 1 Citations 3 References

Bibliographic Information

Other Title
  • 不均衡経済下での社会資本整備の影響に関する一考察
  • フキンコウ ケイザイカ デ ノ シャカイ シホン セイビ ノ エイキョウ ニ

Search this article

Description

There are many theoretical studies on the impacts of infrastructure development. However, most of them are in the framework of neoclassical economics, which cannot deal with disequilibrium states of economy.<br>This paper attempts at a model analysis that shows the characteristic of the impacts under Keynesian disequilibrium economy, comparing of those under Walrasian equilibrium. As main results, investment for the infrastructure causes different effects on national economy under Keynesian disequilibrium from those under Walrasian equilibrium. Furthermore, such impacts are evaluated from the point of social welfare. It is shown as a result that infrastructure projects might be unfavorable in a certain case because they lead to the decrease of social welfare.

Journal

Citations (1)*help

See more

References(3)*help

See more

Keywords

Details 詳細情報について

Report a problem

Back to top