Foellmi Consumption Structure and Macroeconomics

Structural Change and the Relationship Between Inequality and Growth
1. Auflage 2006
ISBN: 978-3-540-28513-7
Verlag: Springer-Verlag
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 154 Seiten

Autoren/Hrsg.

Foellmi, Reto

Inhaltsverzeichnis

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