Economic stimulus effects of product innovation under demand stagnation

Material type: 文書・図像類

Author: Matsuzaki, Daisukeほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2023-03

Material Format: Paper

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Note (General)：: When faced with economic stagnation, innovation, product innovation in particular, is often cited as an effective stimulus because it is thought to en...

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Paper

Material Type: 文書・図像類
Title: Economic stimulus effects of product innovation under demand stagnation
Author/Editor: Matsuzaki, Daisuke
Ono, Yoshiyasu
Author Heading: Matsuzaki, Daisuke
https://nrid.nii.ac.jp/nrid/1000000389610
Ono, Yoshiyasu
https://nrid.nii.ac.jp/nrid/1000070130763
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2023-03
Publication Date (W3CDTF): 2023-03
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 1204
Volume: 1204
Pages: 1-26
ISSN (Periodical Title): PISSN : 0473453X
EISSN : 24350982
Text Language Code: eng
Subject Heading: demand stagnation
product innovation
consumer price index
economic stimulus
Target Audience: 一般
Note (General): 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.
References (URI): URI
https://www.iser.osaka-u.ac.jp/library/dp/2023/DP1204.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華