Conformism and Structural Change

Material type: 文書・図像類

Author: Hori, Takeoほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2011-12

Material Format: Paper

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Note (General)：: We study structural change in a simple, two-sector endogenous growth model and showthat the presence of commodity-specific consumption externalities c...

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Paper

Material Type: 文書・図像類
Title: Conformism and Structural Change
Author/Editor: Hori, Takeo
Ikefuji, Masako
Mino, Kazuo
Author Heading: Hori, Takeo
https://nrid.nii.ac.jp/nrid/1000080547513
Ikefuji, Masako
https://nrid.nii.ac.jp/nrid/1000060452380
Mino, Kazuo
https://nrid.nii.ac.jp/nrid/1000000116675
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2011-12
Publication Date (W3CDTF): 2011-12
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 827
Volume: 827
Text Language Code: eng
Subject Heading: Structural change
Consumption externalities
Two-sector growth model
Kaldor facts
Target Audience: 一般
Note (General): We study structural change in a simple, two-sector endogenous growth model and showthat the presence of commodity-specific consumption externalities can be a source ofstructural change. When the degrees of consumption externalities are dierent betweendierent goods, the two sectors grow at dierent rates, whereas the aggregateeconomy exhibits balanced growth in the sense that capital stock and expenditure growat the same constant rate. Under the more restrictive condition such that the degrees ofconsumption externalities are the same, structural change does not occur. We also showthat the dependence of the benchmark consumption levels on the past consumption iscrucial for the divergent patterns of structural change across countries.
References (URI): URI
http://www.iser.osaka-u.ac.jp/library/dp/2011/DP0827.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華