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Impact of Consumption Models’ Change on Sustainable Development

Author

Listed:
  • Coculescu Cristina

    () (Romanian-American University, Bucharest)

  • Despa Radu

    () (Romanian-American University, Bucharest)

  • Folcut Ovidiu

    () (Romanian-American University, Bucharest)

Abstract

The consumption economic theory, which was propounded by Ernest Engel (1821-1896), has been substantially improved over time, by the contributions of the modern economists. However, the extensive themes of the studies about the euro-atlantics populations’ consumption models (as well as populations from other geographical areas) still remain a domain relatively less explored and known. At present, no appreciable understanding of the consumers’ behavior exists and especially of the real motivation for adopting certain consumption practices. Although in this domain a lot of studies, observations and investigations had been conducted. In this paper, the authors analyzed the change impact of the consumption models in the context of a sustainable development. The analysis follows the evolution of the phenomena, as well as it concerns the general characteristics at the global level.

Suggested Citation

  • Coculescu Cristina & Despa Radu & Folcut Ovidiu, 2010. "Impact of Consumption Models’ Change on Sustainable Development," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 588-591, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:588-591
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    References listed on IDEAS

    as
    1. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    2. Scholtens, Bert & van Wensveen, Dick, 2000. "A critique on the theory of financial intermediation," Journal of Banking & Finance, Elsevier, vol. 24(8), pages 1243-1251, August.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Boyd, John H. & Prescott, Edward C., 1986. "Financial intermediary-coalitions," Journal of Economic Theory, Elsevier, vol. 38(2), pages 211-232, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    consumer behavior; consumption models; sustainable development; efficiency; sufficiency;

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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