全球智库信息集成服务系统(G2TT): The effect of demand-driven structural transformations on growth and technological change.

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来源类型	Article
规范类型	其他
DOI	10.1007/s00191-015-0409-5
ISBN	0936-9937
	The effect of demand-driven structural transformations on growth and technological change.
	Lorentz, André; Ciarli, Tommaso; Savona, Maria; Valente, Marco
发表日期	2016-03-01
出处	Journal of Evolutionary Economics
出版者	Springer Verlag
出版年	2016
页码	219-246
语种	英语
摘要	The paper analyses the effect of the dynamics of consumption preferences on the dynamics of macro–economic growth. We endogenously derive micro– dynamics of consumption behavior as a result of the increase in the number of income classes. The different degrees of inertia in the adjustment of consumption levels to income changes affect firm selection and the dynamics of market structure, which is ultimately responsible for different regimes of macro–economic growth. We find, first, that higher heterogeneity in consumption preferences amplifies and accelerates market dynamics, leading to a swift shift from a Malthusian to a Kaldorian growth pattern. Second, consumption smoothing mainly affects the timing of such a take–off. Inertia in consumption delays the occurrence of a Kaldorian engine for growth.
特色分类	HD0072 Economic development. Development economics. Economic growth
URL	http://sro.sussex.ac.uk/id/eprint/57269/
来源智库	Science Policy Research Unit (United Kingdom)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/468651
推荐引用方式 GB/T 7714	Lorentz, André,Ciarli, Tommaso,Savona, Maria,et al. The effect of demand-driven structural transformations on growth and technological change.. 2016.