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

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概要

• 論文の詳細を見る

• 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.

• 広島大学の論文

著者

• 二村 博

  広島大学大学院社会科学研究科社会経済システム専攻教授

• 二村 博司

  広島大学経済学部助教授

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• Home Production and External Effects on Labor-Augmenting Technological Progress

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