Hierarchical consumption preferences, redistribution, and structural transformation

IF 2.8 4区管理学 Q2 BUSINESS

Industrial and Corporate Change Pub Date : 2024-02-17 DOI:10.1093/icc/dtae004

Adam Aboobaker

引用次数: 0

Abstract

In low- and middle-income economies, consumption preferences are hierarchical and the production structure is dualistic. Wage demand correspondingly articulates with the domestic industrial sector in a limited fashion. Where capital accumulation is directed at this modern/industrial sector, downward redistributions are less expansionary than commonly outlined, even if capacity utilization is an adjusting variable influencing investment decisions. Insofar as economic development is underpinned by structural transformation, policies aligned with downward redistributions have important sectoral ramifications neglected in one-sector frameworks. This paper explores these and related propositions formally, drawing from the analysis of a two-sector growth and distribution model.

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分层消费偏好、再分配和结构转型

在中低收入经济体中，消费偏好是分等级的，生产结构是二元的。相应地，工资需求与国内工业部门的衔接是有限的。如果资本积累针对的是现代/工业部门，即使产能利用率是影响投资决策的一个调整变量，向下再分配的扩张性也比通常所描述的要小。由于经济发展的基础是结构转型，与向下再分配相一致的政策具有在单一部门框架中被忽视的重要部门影响。本文通过对双部门增长与分配模型的分析，正式探讨了上述命题及相关命题。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Industrial and Corporate Change Multiple-

CiteScore

5.10

自引率

4.00%

发文量

期刊介绍： The journal covers the following: the internal structures of firms; the history of technologies; the evolution of industries; the nature of competition; the decision rules and strategies; the relationship between firms" characteristics and the institutional environment; the sociology of management and of the workforce; the performance of industries over time; the labour process and the organization of production; the relationship between, and boundaries of, organizations and markets; the nature of the learning process underlying technological and organizational change.