| Summary: | 碩士 === 輔仁大學 === 經濟學研究所 === 95 === Based on the Turnovsky and Fisher (1995) framework, we replace variable employment with endogenous fertility choice. Then we reexamine the dynamic responses of the capital stock to an unanticipated temporary increase in government consumption and infrastructure expenditures. In response to a temporary public consumption expansion, it is found that the key factors determining capital accumulation are the duration of policy expansion, the relationship between private consumption and government consumption expenditure, and the relationship between fertility and government consumption expenditure. In response to a temporary public infrastructure expansion, endogenous fertility choice leads to a likely increase of the capital stock during the duration of policy expansion.
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