Conformism and Structural Change

Hori, Takeo; Ikefuji, Masako; Mino, Kazuo

Institute of Social and Economic Research Discussion Papers, 2011, 827

Number of Access:666（2026-02-18 21:19 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/11094/13927

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Title
Conformism and Structural Change
Creator
NRID
1000080547513 1000080547513
CreatorName
Hori, Takeo
NRID
1000060452380 1000060452380
researchmap permalink
7000013503 7000013503
Scopus Author ID
22934213000 22934213000
CreatorName
Ikefuji, Masako
NRID
1000000116675 1000000116675
CreatorName
Mino, Kazuo
Subject
Structural change
Consumption externalities
Two-sector growth model
Kaldor facts
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.
Publisher
The Institute of Social and Economic Research, Osaka University
Source Title
Institute of Social and Economic Research Discussion Papers
Volume (Issue)
827
Date of Issued
2011-12
Language
English
Handle URL
https://hdl.handle.net/11094/13927
Relation.references
URI
https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2011/DP0827.pdf
Access Rights
metadata only access
Category
ディスカッション／ワーキング・ペーパー DP/WP
Institute of Social and Economic Research Discussion Papers