{"created":"2023-06-20T14:35:13.340847+00:00","id":6849,"links":{},"metadata":{"_buckets":{"deposit":"db79a42d-1991-492c-87c8-dd5c8f83c68d"},"_deposit":{"created_by":19,"id":"6849","owners":[19],"pid":{"revision_id":0,"type":"depid","value":"6849"},"status":"published"},"_oai":{"id":"oai:u-hyogo.repo.nii.ac.jp:00006849","sets":["244:201:2045"]},"author_link":["9570","9566","9569"],"item_5_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2023-01","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"137","bibliographicPageEnd":"18","bibliographicPageStart":"1","bibliographic_titles":[{},{"bibliographic_title":"Discussion Paper","bibliographic_titleLang":"en"}]}]},"item_5_select_20":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_select_item":"publisher"}]},"item_5_text_11":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_text_value":"AA12111015"}]},"item_5_text_8":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_text_value":"Institute for Policy Analysis and Social Innovation,University of Hyogo"}]},"item_5_textarea_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_textarea_value":"Working time has gradually decreased in the last few decades, along with the continuing growth of advanced economies. Furthermore, there have been some empirical evidence showing emerging economies’ and long-run experiences of advanced economies’ decreasing labor in spite of restrictions on labor statistics. \nTo replicate these phenomena, we develop the model with endogenous technogical chnage and endogenous labor supply, and we find that adding increasing returns of R&D (reasech and development) efficiency, at least for the small input, yields the economic path accompany the decreasing labor supply. Furthermore, the path is stable (not saddle stable), so the steady state has multiple paths under rational expectations, which yields local indeterminacy. This would reflect the modern intermittently-coming economic shocks in both advanced and emerging countries. Furthermore, the model also contains a steady state with no growth trap, and selection among steady states is possible. The model has global indeterminacy, which would be one of the mechanisms for the start of economic growth."}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2023-05-08"}],"displaytype":"detail","filename":"RLNL_2213120_EdQ2KDP.pdf","filesize":[{"value":"499.3 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"RLNL_2213120_EdQ2KDP","url":"https://u-hyogo.repo.nii.ac.jp/record/6849/files/RLNL_2213120_EdQ2KDP.pdf"},"version_id":"a9046af7-a0e5-459d-8878-b5b57bb52b94"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"R&D growth model","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Unstable economic dynamics","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Multiple steady state","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Externality of R&D efficiency","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Endogenous labor supply","subitem_subject_language":"en","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"other","resourceuri":"http://purl.org/coar/resource_type/c_1843"}]},"item_title":"Decreasing Labor Supply, R&D-Based Growth, and Instability of Economic Dynamics","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Decreasing Labor Supply, R&D-Based Growth, and Instability of Economic Dynamics"},{"subitem_title":"Decreasing Labor Supply, R&D-Based Growth, and Instability of Economic Dynamics","subitem_title_language":"en"}]},"item_type_id":"5","owner":"19","path":["2045"],"pubdate":{"attribute_name":"公開日","attribute_value":"2023-05-08"},"publish_date":"2023-05-08","publish_status":"0","recid":"6849","relation_version_is_last":true,"title":["Decreasing Labor Supply, R&D-Based Growth, and Instability of Economic Dynamics"],"weko_creator_id":"19","weko_shared_id":-1},"updated":"2023-06-20T14:51:38.519619+00:00"}