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production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links … consumption patterns on the demand side. We first analyse the model's properties, via numerical simulations, for a given setting …
Persistent link: https://www.econbiz.de/10010328363
technological change, firm organisation, income distribution, consumption behaviour and growth. The analysis performed on the …The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We …- and meso-properties of the simulated growth patterns. In particular, we observe and explain the interactions between …
Persistent link: https://www.econbiz.de/10005824129
technological change, firm organisation, income distribution, consumption behaviour and growth. The analysis performed on the … ; consumption ; earnings distribution ; growth …The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We …
Persistent link: https://www.econbiz.de/10003875558
production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … distribution and patterns of consumption. -- Structural change ; consumption ; earnings distribution ; growth … income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links …
Persistent link: https://www.econbiz.de/10003746256
The paper contributes to the literature on the relation between structural changes indemand and supply and growth. We …
Persistent link: https://www.econbiz.de/10005867789
and in demand patterns, via changes in wages distribution, as affecting economic growth and income inequality. We develop … an evolutionary model with agent-based micro-foundations and analyse the link between structural change and growth taking … earnings and income of workers-consumers, and (iii) the consequent changes in consumption. The model articulates the links …
Persistent link: https://www.econbiz.de/10005650072
The paper proposes a model that explains cross-country growth divergences over time for different aspects of structural …) on the supply side and the endogenous evolution of income distribution and consumption patterns on the demand side. Wage … distribution is the main channel between the organisation of firms and consumption patterns, and firm selection is the main trigger …
Persistent link: https://www.econbiz.de/10010328596
The paper analyses the effect of the dynamics of consumption preferences on the dynamics of macro–economic growth. We … Malthusian to a Kaldorian growth pattern. Secondly, consumption smoothing mainly affects the timing of such a take–off. Inertia … in consumption delays the occurrence of a Kaldorian engine for growth. …
Persistent link: https://www.econbiz.de/10011171809
consumption possibilities iv) price levels are higher in more developed countries v) there are no large gains from factor …
Persistent link: https://www.econbiz.de/10011742669
Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...
Persistent link: https://www.econbiz.de/10014545117