シナガワ シュンスケ   Shinagawa Shunsuke
  品川 俊介
   所属   神奈川大学  経済学部 経済学科/現代ビジネス学科
    神奈川大学大学院  経済学研究科 経済学専攻(公共政策コース)
   職種   准教授
言語種別 英語
発行・発表の年月 2016/09
形態種別 学術雑誌
査読 査読あり
標題 R&D-based Growth Model with Nominal Wage Stickiness
執筆形態 共著
掲載誌名 Theoretical Economics Letters
掲載区分国外
出版社・発行元 Scientific Research
巻・号・頁 6(5),pp.854-867
著者・共著者 Shunsuke Shinagawa
Tomohiro Inoue
概要 In this study, we introduce nominal wage stickiness into an endogenous growth model based on R & D. This study examines how money growth affects long-run economic growth. We find that there exists a unique balanced growth path for sufficiently high rates of money growth, and that the economy exhibits sustained growth based on sustained R & D. Faster money growth results in greater employment and faster economic growth along such a balanced growth path. Furthermore, under some parameter restrictions, no balanced growth path exists for low rates of money growth; the economy is trapped in a steady state without long-run growth. These results suggest that money growth may be an important factor for long-run economic growth.
DOI https://doi.org/10.4236/tel.2016.65089