IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-07o40007.html
   My bibliography  Save this article

Final Goods Substitutability and Economic Growth

Author

Listed:
  • Koki Oikawa

    (Nihon University, Population Research Institute)

Abstract

In this paper, I investigate the effect of substitutability among final goods on welfare growth under the environment that productivity growth in each industry is not independent of one another. In such an environment, less substitutability is favorable to the welfare growth rate and the steady state welfare level, contrasting to Baumol (1967) and Lucas (1988).

Suggested Citation

  • Koki Oikawa, 2007. "Final Goods Substitutability and Economic Growth," Economics Bulletin, AccessEcon, vol. 15(16), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-07o40007
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/pubs/EB/2007/Volume15/EB-07O40007A.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jovanovic, Boyan & Nyarko, Yaw, 1996. "Learning by Doing and the Choice of Technology," Econometrica, Econometric Society, vol. 64(6), pages 1299-1310, November.
    2. Phillip Arestis & Michelle Baddeley & John S.L. McCombie (ed.), 2007. "Economic Growth," Books, Edward Elgar Publishing, number 3958.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oikawa, Koki, 2010. "Uncertainty-driven growth," Journal of Economic Dynamics and Control, Elsevier, vol. 34(5), pages 897-912, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Oikawa, Koki, 2010. "Uncertainty-driven growth," Journal of Economic Dynamics and Control, Elsevier, vol. 34(5), pages 897-912, May.
    2. Giorgio Fagiolo & Javier Reyes & Stefano Schiavo, 2010. "The evolution of the world trade web: a weighted-network analysis," Journal of Evolutionary Economics, Springer, vol. 20(4), pages 479-514, August.
    3. Maria Minniti & William Bygrave, 2001. "A Dynamic Model of Entrepreneurial Learning," Entrepreneurship Theory and Practice, , vol. 25(3), pages 5-16, April.
    4. Fabiano Rodrigues Bastos, 2007. "Organizational Capital, Learning-by-Doing and Investment Volatility," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 8(3), pages 463-475.
    5. World Bank, 2008. "Investing in Turkey's Next Generation : The School-to-Work Transition and Turkey's Development," World Bank Publications - Reports 8084, The World Bank Group.
    6. Fofack, Hippolyte, 2008. "Technology trap and poverty trap in Sub-Saharan Africa," Policy Research Working Paper Series 4582, The World Bank.
    7. E. Young Song, 2005. "Temporary Protection and Technology Choice under the Learning Curve," Review of International Economics, Wiley Blackwell, vol. 13(2), pages 391-396, May.
    8. Kox, Henk L.M. & Leeuwen, George van & Wiel, Henry van der, 2010. "Competitive, but too small - productivity and entry-exit determinants in European business services," MPRA Paper 24389, University Library of Munich, Germany.
    9. Oikawa, Koki, 2008. "Acceleration effect of uncertainty on technological diffusion," Economics Letters, Elsevier, vol. 101(3), pages 234-236, December.
    10. Jovanovic, Boyan & Prat, Julien, 2021. "Reputation and earnings dynamics," Journal of Economic Theory, Elsevier, vol. 191(C).
    11. Xiaoyu Wu & Lixing Li, 2012. "Family size and maternal health: evidence from the One-Child policy in China," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(4), pages 1341-1364, October.
    12. Boyan Jovanovic, 2009. "When should firms invest in old capital?," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 107-123, March.
    13. Chen, Cheng & Senga, Tatsuro & Sun, Chang & Zhang, Hongyong, 2023. "Uncertainty, imperfect information, and expectation formation over the firm’s life cycle," Journal of Monetary Economics, Elsevier, vol. 140(C), pages 60-77.
    14. Maurice Schiff & Yanling Wang, 2010. "North-South Technology Spillovers: The Relative Impact of Openness and Foreign R&D," International Economic Journal, Taylor & Francis Journals, vol. 24(2), pages 197-207.
    15. Marconi, G. & de Grip, A., 2014. "Education and growth with learning by doing," ROA Research Memorandum 010, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    16. Kincal, Gokce & Fullerton, Thomas M., Jr. & Holcomb, James H. & Barraza de Anda, Martha P., 2010. "Cross Border Business Cycle Impacts on the El Paso Housing Market," MPRA Paper 29095, University Library of Munich, Germany, revised 2010.
    17. Illoong Kwon, 2005. "Threat of Dismissal: Incentive or Sorting?," Journal of Labor Economics, University of Chicago Press, vol. 23(4), pages 797-838, October.
    18. Boerner, Lars & Severgnini, Battista, 2015. "Time for growth," LSE Research Online Documents on Economics 64495, London School of Economics and Political Science, LSE Library.
    19. Barr, Jason & Saraceno, Francesco, 2002. "A computational theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 345-361, November.
    20. Bramoullé, Yann & Saint-Paul, Gilles, 2010. "Research cycles," Journal of Economic Theory, Elsevier, vol. 145(5), pages 1890-1920, September.

    More about this item

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-07o40007. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.