2018-02: Household consumption patterns and the sectoral composition of growing economies: A review of the interlinkages (Working paper)

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Chai, Andreas
Griffith University Author(s)
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Rohde, Nicholas

Naranpanawa, Athula

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2018
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57 pages

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Abstract

This study has three goals: first, we review how the composition of final demand tends to evolve as household income grows. Second we discuss what implications these trends in demand have for the industrial composition of growing economies. Finally, we discuss how these evolving consumption patterns are themselves linked to a range of demographic, geographic, and social factors that may account for observed differences in the cross country consumption patterns.

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Copyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).

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Economics and Business Statistics

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Heterodox Economics

D12 - Consumer Economics: Empirical Analysis

C14 - Semiparametric and Nonparametric Methods: General

O11 - Macroeconomic Analyses of Economic Development

B50 - Current Heterodox Approaches: General

Household consumption

economic development

structural change

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