Popis: |
The objective of this paper is to analyze the relationship between bounded rationality of the worker in a R&D sector and a business cycle. For this purpose, I propose the RBC model including the cultural transmission mechanism in a R&D sector which has something in common with Francois and Zabojnik (2005). In this paper, it is shown that a government’s financial support to the traditional sector and the developing sector are compatible at least the short-term effects. Futhermore, the paper highlits that a more eagerer government’s support to hardworking households leads to a more larger fluctuation of the business cycle. |