新しい財と経済成長
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概要
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This paper considers an overlapping generations model in which a new good is introduced to the economy in every period and produced through learning by doing, and shows that the economic welfare in the sense of the utility level of each agent is constant over time in spite of a positive real economic growth in equilibrium. It is shown that the equilibrium growth rate and the economic welfare is determined by the ratio of productivities between skilled labor and unskilled labor, and those values become higher as the ratio increases.
- 千葉大学の論文