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Learning to Consume - a Theory of Wants and the Growth of Demand
Witt, Ulrich - 2001
The theory of economic growth takes little notice of what is happening on the demand side of the markets so that ever more goods and services can be sold. In order to make progress, this paper revives a classical notion in economics, the concept of wants, and re-casts it in terms of a behavioral...
Persistent link: https://www.econbiz.de/10014137238
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The effect of consumption and production structure on growth and distribution : a micro to macro model
Ciarli, Tommaso; Lorentz, André; Savona, Maria; … - 2008
The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We develop a macro-economic model with agent-based micro-foundations that articulates the links between production and organisational structures on the supply side, and the...
Persistent link: https://www.econbiz.de/10003875558
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Structural change of production and consumption : a micro to macro approach to economic growth and income distribution
Ciarli, Tommaso; Lorentz, André; Savona, Maria; … - 2008
We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop an evolutionary model with agentbased...
Persistent link: https://www.econbiz.de/10003746256
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The (declining) role of households in sustaining China's economy : structural path analysis for 1997 - 2007
Yang, Ling; Thurlow, James; Lahr, Michael L. - 2012
Current explanations for private consumption's diminished role in China focus on the expansion of exports and investments. Using structural path analysis, we find additional contributing factors. First, growth patterns during 1997-2007 favoured sectors with low production multipliers. Secondly,...
Persistent link: https://www.econbiz.de/10009628942
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The role of entrepreneurship in enhancing economic development : the mediating role of gender and motivations
Rusu, Valentina Diana; Roman, Angela; Boghean, Carmen; … - In: Journal of business economics and management 26 (2025) 2, pp. 316-337
gender inequality, in this paper we aim to analyse the link between entrepreneurship and economic development, with emphasis … on the mediating role of gender and motivations of entrepreneurs. We apply panel data regression models on a sample of 53 … level of economic development is measured by GDP per capita. Entrepreneurship rates by gender and motivations are used to …
Persistent link: https://www.econbiz.de/10015413442
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Convergence, Shocks and Poverty
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2002
uncertainty, a stochastic version of the Ramsey model with livestock as the single asset. We use the estimation results in …
Persistent link: https://www.econbiz.de/10014118338
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Growth and Risk : Methodology and Micro Evidence
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2003
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10014075586
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The Impact of Financial Development on Domestic Investment : A Quantile Regression Approach
Dutta, Nabamita - 2011
This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is conditional on the investment climate already in place....
Persistent link: https://www.econbiz.de/10013124523
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The Impact of Financial Development on Domestic Investment : A Quantile Regression Approach
Dutta, Nabamita - 2013
This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is conditional on the investment climate already in place....
Persistent link: https://www.econbiz.de/10013087996
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Reexamining the conditional effect of foreign direct investment
Bruno, Randolph; Campos, Nauro - 2013
The prevailing consensus is that foreign direct investment (FDI) effects are conditional. At the macro level, they depend upon minimum levels of human capital or financial development, while at the micro level, they depend on type of linkage (forwards, backwards, or horizontal). This paper...
Persistent link: https://www.econbiz.de/10009757314