Preference shifts and the change of consumption composition

被引：7

作者：

Addessi, William ^{[1
]}

机构：

[1] Univ Sassari, Dept Econ & Business, DiSea, I-07100 Sassari, Italy

来源：

ECONOMICS LETTERS | 2014年 / 125卷 / 01期

关键词：

Preference shifts; Structural transformation; Multisector models; Consumption; STRUCTURAL-CHANGE;

D O I：

10.1016/j.econlet.2014.08.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

While most of the literature explaining the change in consumption composition has focused on the role of relative prices and non-homothetic preferences, this paper examines the importance of preference shifts. I introduce dynamics in preferences and find that they play a relevant role and that their exclusion worsens model performance at least as much as the exclusion of allowing non-homothetic preferences. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：14 / 17

页数：4

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