Arbeitspapier
Growth, stagnation and status preference
We consider three objects of people's status preference, consumption, physical capital holding and money holding, and show that an economy grows or stagnates depending on which object people most seriously take as status. If the main object of status preference is consumption, a steady state with full employment is reached. If it is physical capital (viz. a producible asset), permanent growth with full employment occurs. However, if it is money (viz. an unproducible asset), stagnation with persistent unemployment arises.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 715
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
One, Two, and Multisector Growth Models
- Thema
-
Status Preference
Persistent Unemployment
Long-Run Growth
Sozialer Status
Wirtschaftswachstum
Arbeitslosigkeit
Wachstumstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Murota, Ryu-ichiro
Ono, Yoshiyasu
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Murota, Ryu-ichiro
- Ono, Yoshiyasu
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2008
Ähnliche Objekte (12)
Growth, secular stagnation and wealth preference
Difference or ratio: Implication of status preference on stagnation
From stagnation to growth: Unified growth theory
Steindlian Models of Growth and Stagnation
Japanese growth and stagnation: A Keynesian perspective
Imports, status preference, and foreign borrowing
Fear of stagnation? A review on growth imperatives
Time Preference Instability, Financial and Working Status
Stagnation traps
Secular stagnation
Status preference, wealth, and dynamics in the open economy
Secular stagnation or stagnation policy? Steindl after summers
Growth, secular stagnation and wealth preference
Difference or ratio: Implication of status preference on stagnation
From stagnation to growth: Unified growth theory
Steindlian Models of Growth and Stagnation
Japanese growth and stagnation: A Keynesian perspective
Imports, status preference, and foreign borrowing
Fear of stagnation? A review on growth imperatives
Time Preference Instability, Financial and Working Status
Stagnation traps
Secular stagnation
Status preference, wealth, and dynamics in the open economy
Secular stagnation or stagnation policy? Steindl after summers
Growth, secular stagnation and wealth preference
Difference or ratio: Implication of status preference on stagnation
From stagnation to growth: Unified growth theory
Steindlian Models of Growth and Stagnation
Japanese growth and stagnation: A Keynesian perspective
Imports, status preference, and foreign borrowing
Fear of stagnation? A review on growth imperatives
Time Preference Instability, Financial and Working Status
Stagnation traps
Secular stagnation
Status preference, wealth, and dynamics in the open economy