このエントリーをはてなブックマークに追加
ID 26916
file
creator
NDC
Economics
abstract
In an economy studied in this paper, the ratio of aggregate home consumption to aggregate market consumption, a proxy to the economy-wide resource allocation between market and home sectors, is assumed to have an external effect, either positive or negative, on the rate of labor-augmenting technological progress. It will be shown that a necessary condition for this model to have multiple steady states depends on relative factor intensity between the two sectors. When home production is more labor-intensive, as suggested by many authors, and when people learn more at home than at market, the long-run outcome might depend on both history and (self-fulfilling) expectation.
journal title
The Hiroshima Economic Review
volume
Volume 25
issue
Issue 3
start page
9
end page
27
date of issued
2002-03-12
publisher
広島大学経済学会
issn
0386-2704
ncid
SelfDOI
language
jpn
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School of Social Sciences
他の一覧



Last 12 months's access : ? times
Last 12 months's DL: ? times


This month's access: ? times
This month's DL: ? times