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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/1031

タイトル: A model of economic growth with saturating demand
著者: Kunimune, Kozo
国宗, 浩三
キーワード: Economic growth
Economic development
Demand Saturation
Issue Date: Mar-2011
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 283 2011. 3
抄録: This study presents a model of economic growth based on saturating demand, where the demand for a good has a certain maximum amount. In this model, the economy grows not only by the improvement in production efficiency in each sector, but also by the migration of production factors (labor in this model) from demand-saturated sectors to the non-saturated sector. It is assumed that the production of a brand-new good will begin after all the existing goods are demand-saturated. Hence, there are cycles where the production of a new good emerges followed by the demand saturation of that good. The model then predicts that should the growth rate be stable and positive in the long run, the above-mentioned cycle must become shorter over time. If the length of cycles is constant over time, the growth rate eventually approaches zero because the number of goods produced grows.
URI: http://hdl.handle.net/2344/1031
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/特定地域なし(Non Region-specific Studies)

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