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Consumption structure and macroeconomics

✍ Scribed by Reto Foellmi

Publisher
Springer
Year
2005
Tongue
English
Leaves
160
Series
lecture notes in engeneering economics and Mathematical systems 0554
Edition
1
Category
Library
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✦ Synopsis

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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