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Bibliographic Record
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- Material Type
- 文書・図像類
- Author/Editor
- 黒坂,真
- Author Heading
- Text Language Code
- eng
- Subject Heading
- Target Audience
- 一般
- Note (General)
- type:80 大阪経大学会「Working Paper」The purpose of this paper is to examine the sustainability of dictatorship by analyzing the existence of a balanced growth path in an economy with luxury goods sector. The dictator and the privileged class consume luxury goods in order to satisfy their vanity and show their superiority. Loyalty of the privileged class to the dictator is based on the belief that they can consume luxury goods. Consequently, the dictatorship cannot be sustained without consumption these goods. The results show that the balanced growth path in an economy with luxury goods sector exists if and only if the stability condition of the system is satisfied and the equilibrium real wage rate is in the positive sphere of both the rate of profit and the exploitation rate.
- Source
- http://www.i-repository.net/il/user_contents/02/G0000031Repository/workingpaper/wp2015-5.pdf
- Access Restrictions
- 限定公開