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Decreasing Labor Supply, R&D-Based Growth, and Instability of Economic Dynamics
https://u-hyogo.repo.nii.ac.jp/records/2000186
https://u-hyogo.repo.nii.ac.jp/records/2000186ec46b4e5-c3ab-4ef2-a975-a6c07cb63168
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文.pdf (176 KB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||
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| 公開日 | 2024-04-30 | |||||||
| タイトル | ||||||||
| タイトル | Decreasing Labor Supply, R&D-Based Growth, and Instability of Economic Dynamics | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Endogenous labor supply,The Romer model,Externality of R&D efficiency,Multiple steady states,Unstability of economic growth | |||||||
| 資源タイプ | ||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||
| 資源タイプ | departmental bulletin paper | |||||||
| 著者 |
Shiro,Kuwahara
× Shiro,Kuwahara× Feng, Zhou
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| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Both in the steady economic growth of developed countries and in the remarkable economic development of newly industrializing countries in recent years, shorter working hours have been reported. To replicate these phenomena, we develop a model with endogenous technological change and endogenous labor supply. We find that adding increasing returns of research and development efficiency, at least for the small input, yields the economic path accompanying the decreasing labor supply. Furthermore, the path is stable (not saddle stable); therefore, the steady state has multiple paths under rational expectations, which yield local indeterminacy. This reflects the modern economic shocks occurring intermittently in both advanced and emerging countries. | |||||||
| 言語 | en | |||||||
| 内容記述 | ||||||||
| 言語 | en | |||||||
| 書誌情報 |
en : Discussion Paper 号 144, p. 1-19, ページ数 19, 発行日 2023-10-31 |
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| 出版者 | ||||||||
| 出版者 | Institute for Policy Analysis and Social Innovation | |||||||
| 言語 | en | |||||||
| 書誌レコードID | ||||||||
| 収録物識別子タイプ | NCID | |||||||
| 収録物識別子 | AA12111015 | |||||||
