ダウンロード数: 222
タイトル: | Conformism and Structural Change |
著者: | Hori, Takeo Ikefuji, Masako Mino, Kazuo |
キーワード: | Structural change Consumption externalities Two-sector growth model Kaldor facts |
発行日: | Jun-2012 |
出版者: | Institute of Economic Research, Kyoto University |
誌名: | KIER Discussion Paper |
巻: | 825 |
抄録: | We study structural change in a simple, two-sector endogenous growth model and show that the presence of commodity-specific consumption externalities can be a source of structural change. When the degrees of consumption externalities are different between different goods, the two sectors grow at different rates, whereas the aggregate economy exhibits balanced growth in the sense that capital stock and expenditure grow at the same constant rate. Under the more restrictive condition such that the degrees of consumption externalities are the same, structural change does not occur. We also show that the dependence of the benchmark consumption levels on the past consumption is crucial for the divergent patterns of structural change across countries. |
URI: | http://hdl.handle.net/2433/156964 |
出現コレクション: | KIER Discussion Paper (英文版) |
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