Economic stimulus effects of product innovation under demand stagnation

Matsuzaki, Daisuke; Ono, Yoshiyasu

Institute of Social and Economic Research Discussion Papers, 2023, 1204, 1-26

アクセス数:35件（2025-03-14 01:59 集計）

固定URL: https://hdl.handle.net/11094/91208

論文情報

ファイル出力 EndNote Basic出力 Mendeley出力

タイトル
Economic stimulus effects of product innovation under demand stagnation
著者
NRID
1000000389610 1000000389610
著者名
Matsuzaki, Daisuke
NRID
1000070130763 1000070130763
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Scopus Author ID
7402959644 7402959644
著者名
Ono, Yoshiyasu
キーワード等
demand stagnation
product innovation
consumer price index
economic stimulus
抄録
When faced with economic stagnation, innovation, product innovation in particular, is often cited as an effective stimulus because it is thought to encourage household consumption and lead to higher demand. Using a secular stagnation model with wealth preference, we examine the effects of product innovation on employment and consumption. Two types of product innovation are examined: quantity-augmenting-like innovation and addictive innovation. The former works as if a larger quantity were consumed although the actual quantity remains the same. The latter reduces the elasticity of the marginal utility of consumption. We find that the former reduces both consumption and employment whereas the latter expands them.
出版者
The Institute of Social and Economic Research, Osaka University
収録物名
Institute of Social and Economic Research Discussion Papers
巻(号)
1204
ページ
1-26
刊行年月
2023-03
言語
英語
ハンドルURL
https://hdl.handle.net/11094/91208
PISSN
0473453X
eISSN
24350982
関連情報 (references)
URI
https://www.iser.osaka-u.ac.jp/library/dp/2023/DP1204.pdf
アクセス権
metadata only access
カテゴリ
ディスカッション／ワーキング・ペーパー DP/WP
Institute of Social and Economic Research Discussion Papers