E-Book, Englisch, 154 Seiten
Foellmi Consumption Structure and Macroeconomics
1. Auflage 2006
ISBN: 978-3-540-28513-7
Verlag: Springer-Verlag
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
Structural Change and the Relationship Between Inequality and Growth
E-Book, Englisch, 154 Seiten
ISBN: 978-3-540-28513-7
Verlag: Springer-Verlag
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
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.
Autoren/Hrsg.
Weitere Infos & Material
1;Preface;5
2;Contents;7
3;Introduction;10
4;Hierarchic Preferences;17
4.1;2.1 Basic Set- up;17
4.2;2.2 Hierarchy and CRRA;28
4.3;2.3 Non- Homothetic Utility in the Previous Theoretical Literature;31
4.4;2.4 Appendix;34
5;Structural Change and Balanced Growth;39
5.1;3.1 Introduction;39
5.2;3.2 Static Equilibrium;44
5.3;3.3 Dynamics of the Economy;48
5.4;3.4 Equilibrium Growth Path;51
5.5;3.5 Structural Change and the Kaldor Facts;57
5.6;3.6 Calibration;65
5.7;3.7 Other Types of Equilibria;69
5.8;3.8 Is the Optimal Patent Duration Infinite?;72
5.9;3.9 Discussion and Extensions;74
5.10;3.10 Appendix;76
6;Inequality and Research Incentives;83
6.1;4.1 Introduction;83
6.2;4.2 Static Equilibrium;86
6.3;4.3 Dynamics of the Economy;95
6.4;4.4 Distribution of Income and Wealth;101
6.5;4.5 General Equilibrium;102
6.6;4.6 The Impact of Inequality on Growth;111
6.7;4.7 Summary;114
6.8;4.8 Appendix;116
7;Markups and Exclusion;125
7.1;5.1 Introduction;125
7.2;5.2 Monopolistic Competition With Non- Homothetic Preferences;129
7.3;5.3 Symmetric versus Asymmetric Equilibria;134
7.4;5.4 Unemployment;143
7.5;5.5 Discussion;147
7.6;5.6 Appendix;149
8;Conclusions;151
9;References;154
