Consumption Structure and Macroeconomics: Structural Change and the Relationship Between Inequality and Growth
Reto Foellmi
Mas 2006 · Lecture Notes in Economics and Mathematical Systems Ibhuku elingu-554 · Springer Science & Business Media
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reportIzilinganiso nezibuyekezo aziqinisekisiwe Funda Kabanzi
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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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