Construction of a theory of non-exponential growth and itsapplications
Project/Area Number |
19730142
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Research Category |
Grant-in-Aid for Young Scientists (B)
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Allocation Type | Single-year Grants |
Research Field |
Economic theory
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Research Institution | Tohoku University |
Principal Investigator |
RYO Horii Tohoku University, 大学院・経済学研究科, 准教授 (90324855)
|
Project Period (FY) |
2007 – 2009
|
Project Status |
Completed (Fiscal Year 2009)
|
Budget Amount *help |
¥3,800,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥600,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2007: ¥1,200,000 (Direct Cost: ¥1,200,000)
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Keywords | マクロ経済学 / 経済成長 / 内生的成長理論 / ナイフエッジ性 / 技術変化 / 限界効用の弾力性 / 費用関数 |
Research Abstract |
In existing theories of economic growth, it is considered that sustained growth is possible only when quantity, quality, or variety increases exponentially. This study shows that sustained growth is in fact possible without the exponential increase of any variable if the following three conditions are satisfied : (i)new goods are introduced continually, (ii)the elasticity of marginal utility of consumer for each variety of good decreases with the amount of consumption of that good, and (iii)the price of each variety of goods declines over time.
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Report
(4 results)
Research Products
(21 results)