Endogenous technological change with leisure-dependent utility

被引：5

作者：

de Hek, PA ^{[1
]}

机构：

[1] Erasmus Univ, NL-3000 DR Rotterdam, Netherlands

来源：

ECONOMIC THEORY | 1999年 / 14卷 / 03期

关键词：

endogenous technological change; leisure-dependent utility; multiple equilibria;

D O I：

10.1007/s001990050347

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the effect of introducing leisure-dependent utility into two models of endogenous technological change. Due to the flexibility in the labour Supply the dynamics of the models change significantly. It is shown that if agents attach enough value to leisure in comparison to consumption two balanced growth paths may exist. This implies that economies with the same preferences and the same technology may experience different long-run growth rates.

引用

页码：669 / 684

页数：16

共 16 条

[1] A MODEL OF GROWTH THROUGH CREATIVE DESTRUCTION [J].