| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4985 |
| 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 |
| URL | https://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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