4369599
9783540259916
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.Reto Foellmi is the author of 'Consumption Structure and Macroeconomics: Structural Change and the Relationship Between Inequality and Growth (Lecture Notes in Economics and Mathematical Systems)', published 2005 under ISBN 9783540259916 and ISBN 3540259910.
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