ENGLISH

Consumption Structure and Macroeconomics: Structural Change and the Relationship Between Inequality and Growth

By Reto Foellmi (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2005
ISBN
978-3-540-25991-6, 978-3-540-28513-7
DOI
10.1007/3-540-28513-X
Language
english
Format
PDF
Filesize
7 MB (6912411 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 554
Edition
1
Pages
154\160
Time added
2013-10-20 05:25:02
Macroeconomics/Monetary Economics; Economic Growth

Description

This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.

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