Conformism and Structural Change

Hori, Takeo; Ikefuji, Masako; Mino, Kazuo

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論文情報

タイトル	Conformism and Structural Change
著者	Hori, Takeo Hori, Takeo
	Ikefuji, Masako Ikefuji, Masako
	Mino, Kazuo Mino, Kazuo
キーワード等	Structural change
	Consumption externalities
	Two-sector growth model
	Kaldor facts
抄録	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.
公開者	The Institute of Social and Economic Research, Osaka University
掲載誌名	Institute of Social and Economic Research Discussion Papers
巻	827
刊行年月	2011-12
URL	http://hdl.handle.net/11094/13927
関連情報 (references)	http://www.iser.osaka-u.ac.jp/library/dp/2011/DP0827.pdf
言語	英語
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP

著者版フラグ	none
NII資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
dcmi資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers.827
DC.title	Conformism and Structural Change
DC.creator	Hori, Takeo
	Ikefuji, Masako
	Mino, Kazuo
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language" scheme="DCTERMS.RFC1766	英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF	2011-12
DC.identifier" scheme="DCTERMS.URI	http://hdl.handle.net/11094/13927
DC.subject	Structural change
	Consumption externalities
	Two-sector growth model
	Kaldor facts
DCTERMS.abstract	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.
citation_title	Conformism and Structural Change
citation_author	Hori, Takeo
	Ikefuji, Masako
	Mino, Kazuo
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2011-12
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	827
citation_public_url	http://hdl.handle.net/11094/13927
citation_keywords	Structural change
	Consumption externalities
	Two-sector growth model
	Kaldor facts

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