研究者情報 | 神奈川大学

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