Essays about: "Non-Gorman preferences"

Found 1 essay containing the words Non-Gorman preferences.

  1. 1. Up and down the quality ladder: A macroeconomic model of innovation and growth under demand-side inequality

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Johannes Matt; [2019]
    Keywords : Endogenous growth; Inequality; Innovation; Non-Gorman preferences; Technical change; structural change;

    Abstract : I study an economic growth model with non-homothetic preferences and demand-side inequality that induces innovation along three dimensions: Firms undertake product innovation to enter the market, they improve upon the production process of existing products, or they upgrade their quality. Departing from models of homothetic prefer- ences, process and quality innovation are no longer isomorphic choices for firms, and the demand side dictates incentives to innovate. READ MORE