Research ArticleOpen accessIn the keywordsProduct Quality and Effective Demand under StagnationWataru JohdoProblem statement: Recent neoclassical theoretical study, particularly in the endogenous growth literature, has studied the nature of the relationship between economic growth and product quality. However, little attention has been given to the impact of a rise in product quality on effective demand under stagnation. This is because previous models have assumed that demand is always met with supply in … …American Journal of Applied Sciences, Vol. 6, Issue 7 · 31 Jul 2009 · 6,888 accessesView PDFCite