The effect of demand-driven structural transformations on growth and technological change

Autor: Tommaso Ciarli, Maria Savona, Marco Valente, André Lorentz
Přispěvatelé: Bureau d'Économie Théorique et Appliquée (BETA), Institut National de la Recherche Agronomique (INRA)-Université de Strasbourg (UNISTRA)-Université de Lorraine (UL)-Centre National de la Recherche Scientifique (CNRS), SPRU - Science and Technology Policy Research, University of Sussex, Università degli Studi dell'Aquila (UNIVAQ), Università degli Studi dell'Aquila [L'Aquila] (UNIVAQ.IT)
Jazyk: angličtina
Rok vydání: 2016
Předmět:
Economics and Econometrics
Consumption
Aucun
Consumption smoothing
Growth
[SHS]Humanities and Social Sciences
Microeconomics
JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C63 - Computational Techniques • Simulation Modeling
Market structure
Income distribution
0502 economics and business
Econometrics
Economics
Demand driven
Structural change
Business
050207 economics
ComputingMilieux_MISCELLANEOUS
Consumption (economics)
Income distibution
050208 finance
Technological change
[QFIN]Quantitative Finance [q-fin]
Business
Management and Accounting (all)
Management and Accounting (all)
05 social sciences
JEL: L - Industrial Organization/L.L1 - Market Structure
Firm Strategy
and Market Performance/L.L1.L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change • Industrial Price Indices
Market dynamics
General Business
Management and Accounting
8. Economic growth
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O1 - Economic Development/O.O1.O14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O41 - One
Two
and Multisector Growth Models
Consumption
Structural change
Income distribution
Technological change
Growth
050203 business & management
Zdroj: Journal of Evolutionary Economics
Journal of Evolutionary Economics, Springer Verlag (Germany), 2016, 26 (1), pp.219-246. ⟨10.1007/s00191-015-0409-5⟩
ISSN: 0936-9937
1432-1386
DOI: 10.1007/s00191-015-0409-5⟩
Popis: International audience; 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 behaviour 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, firstly, that higher heterogeneity in consumption preferences amplifies and accelerates mar-ket dynamics, leading to a swift shift from a Malthusian to a Kaldorian growth pattern. Secondly, consumption smoothing mainly affects the timing of such a take–off. Inertia in consumption delays the occurrence of a Kaldorian engine for growth.
Databáze: OpenAIRE
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