This paper presents a two-sector model of a small open economy with wage rigidities and capital accumulation. The short- and medium-run effects of government expenditure policies are analysed and the results are contrasted with those of previous models which either ignore investment or restrict it to the case of inter-sectoral reallocation of capital.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Sponsorship
Not applicable
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series