A Two-Sector Model of Home Production
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香港中文大學研究人員

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摘要This paper develops a two-sector model of home and market production to examine the role played by home production on the development of the aggregate economy. Based on the time-use data across countries, we allow for a fraction of the home-produced good to be sold to the market sector so as to understand the relation between the size of the home production sector and economic growth. When the size of the home sector changes, its macroeconomic effects depend on the capital intensities of the two sectors. We find that the effect of household production on the SNA (System of National Accounts) -output can be decomposed into a direct effect from its scale and an indirect effect through the sectoral reallocation of labor, working at opposite directions.
出版社接受日期18.06.2017
著者LAM Chak Hong Leo, Chong Kee Yip
會議名稱2017 North American Summer Meeting
會議開始日15.06.2017
會議完結日18.06.2017
會議地點St Louis, MO
會議國家/地區美國
出版年份2017
語言美式英語
關鍵詞home production, time allocation, factor intensity, macroeconomic stability.

上次更新時間 2018-27-04 於 10:55