Advanced Search
MyIDEAS: Login to save this paper or follow this series

A model of economic growth with saturating demand

Contents:

Author Info

  • Kunimune, Kozo
Registered author(s):

    Abstract

    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.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://ir.ide.go.jp/dspace/bitstream/2344/1031/1/ARRIDE_Discussion_No.283_kunimune.pdf
    File Function: First version, 2011
    Download Restriction: no

    Bibliographic Info

    Paper provided by Institute of Developing Economies, Japan External Trade Organization(JETRO) in its series IDE Discussion Papers with number 283.

    as in new window
    Length:
    Date of creation: Mar 2011
    Date of revision:
    Publication status: Published in IDE Discussion Paper. No. 283 2011. 3
    Handle: RePEc:jet:dpaper:dpaper283

    Contact details of provider:
    Postal: 3-2-2 Wakaba, Mihama-ku, Chiba-shi, Chiba 261-8545
    Fax: +81-43-299-9726
    Email:
    Web page: http://www.ide.go.jp/
    More information through EDIRC

    Order Information:
    Postal: Publication Office, IDE 3-2-2 Wakaba, Mihama-ku, Chiba-shi, Chiba 261-8545 JAPAN
    Email:
    Web: http://www.ide.go.jp/English/Publish/Order

    Related research

    Keywords: Economic growth; Economic development; Demand Saturation;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Growth by saturation
      by Economic Logician in Economic Logic on 2011-11-16 15:41:00

    Lists

    This item is featured on the following reading lists or Wikipedia pages:
    1. Economic Logic blog

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:jet:dpaper:dpaper283. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marie Kobayashi).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.