Home Production and External Effects on Labor-Augmenting Technological Progress <Articles>

廣島大學經濟論叢 25 巻 3 号 9-27 頁 2002-03-12 発行
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Home Production and External Effects on Labor-Augmenting Technological Progress <Articles>
作成者
収録物名
廣島大學經濟論叢
The Hiroshima Economic Review
25
3
開始ページ 9
終了ページ 27
収録物識別子
[ISSN] 0386-2704
[NCID] AN00213519
抄録
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.
NDC分類
経済 [ 330 ]
言語
日本語
資源タイプ 紀要論文
出版者
広島大学経済学会
発行日 2002-03-12
出版タイプ Version of Record(出版社版。早期公開を含む)
アクセス権 オープンアクセス
収録物識別子
[ISSN] 0386-2704
[NCID] AN00213519