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CONSUMPTION GROWTH ACCOUNTING
Author(s) -
Dietzenbacher Erik,
De Groot Olaf J.,
Los Bart
Publication year - 2007
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2007.00244.x
Subject(s) - economics , consumption (sociology) , growth accounting , mainstream , technological change , econometrics , national accounts , demand side , perspective (graphical) , macroeconomics , total factor productivity , productivity , social science , philosophy , theology , artificial intelligence , sociology , computer science
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.