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

by Reto Foellmi

Overview

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.

Product Details

ISBN-13:	9783540259916
Publisher:	Springer Berlin Heidelberg
Publication date:	09/01/2005
Series:	Lecture Notes in Economics and Mathematical Systems , #554
Edition description:	2005
Pages:	154
Product dimensions:	6.10(w) x 9.25(h) x 0.01(d)

Table of Contents

Hierarchic Preferences.- Structural Change and Balanced Growth.- Inequality and Research Incentives.- Markups and Exclusion.- Conclusions.