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Consumption Growth Accounting

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Author Info
Erik Dietzenbacher
Olaf J. de Groot
Bart Los

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Abstract

The methodology in this paper combines an input-output structural decomposition approach with the supply-side perspective of mainstream growth accounting. In explaining the intertemporal change in consumption per worker, three sets of effects are distinguished. First, contributions due to several types of technological changes are considered. Second, effects caused by changes in international trade are discerned. Third, composition effects that reflect structural shifts in demand (including changes in tastes) are quantified. As an empirical illustration, we analyze the developments in the U.K. between 1979 and 1990. Copyright © 2007 The Authors; Journal compilation © International Association for Research in Income and Wealth 2007.

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File URL: http://www.blackwell-synergy.com/links/doi/10.1111/j.1475-4991.2007.00244.x/enhancedabs
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Publisher Info
Article provided by Blackwell Publishing in its journal Review of Income and Wealth.

Volume (Year): 53 (2007)
Issue (Month): 3 (09)
Pages: 422-439
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Handle: RePEc:bla:revinw:v:53:y:2007:i:3:p:422-439

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This page was last updated on 2009-11-22.

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