Cultural Transmission in a R&D sector and Business Cycle

Autor: ARAI, Soichi
Jazyk: japonština
Rok vydání: 2018
Předmět:
Zdroj: 秋田大学教育文化学部研究紀要 人文科学・社会科学 = Memoirs of Faculty of Education and Human Studies, Akita University. The humanities & the social sciences. 73:1-10
ISSN: 2433-4979
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.
Databáze: OpenAIRE