Final Goods Substitutability and Economic Growth

被引：0

作者：

Oikawa, Koki ^{[1
]}

机构：

[1] Nihon Univ, Populat Res Inst, Tokyo, Japan

来源：

ECONOMICS BULLETIN | 2007年 / 15卷

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, I investigate the effect of substitutability among final goods on welfare growth under the environment that productivity growth in each industry is not independent of one another. In such an environment, less substitutability is favorable to the welfare growth rate and the steady state welfare level, contrasting to Baumol (1967) and Lucas (1988).

引用

页数：8

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