the effect is also geographically heterogeneous, with the multiplier being greater for inland provinces …

firms through intermediate goods deliver a multiplier similar to the one associated with capital accumulation in a … neoclassical growth model. Because the intermediate goods' share of revenue is about 1/2, this multiplier is substantial. Second …

Based on neoclassical theory, cutting budget deficits has come to be seen as a principal way to increase long …

Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this … distribution. The cost of modifying existing models is low compared to the benefits. We find, analytically, that (1) the multiplier …