G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4985
DP4985 Income Distribution and Demand-Induced Innovations
Josef Zweimüller; Reto Foellmi
发表日期2005-04-23
出版年2005
语种英语
摘要We utilize Schmookler?s (1966) concept of demand-induced invention to study the role of income inequality in an endogenous growth model. As rich consumers can satisfy more wants than poor consumers, both prices and market sizes for new products, as well as their evolution over time, are determined by the income distribution. We show how a change in the distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage the incentive to innovate, but this depends on the nature of the redistribution.
主题International Macroeconomics
关键词Inequality Growth Demand composition Price distortion
URLhttps://cepr.org/publications/dp4985
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/533883
推荐引用方式
GB/T 7714
Josef Zweimüller,Reto Foellmi. DP4985 Income Distribution and Demand-Induced Innovations. 2005.
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