Premium
Malnutrition in the shadow of economic growth
Author(s) -
Beladi Hamid,
Marjit Sugata,
Oladi Reza,
Yang Lei
Publication year - 2021
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/rode.12723
Subject(s) - economics , malnutrition , consumption (sociology) , shadow (psychology) , autonomous consumption , low income , labour economics , demographic economics , economic growth , public economics , psychology , social science , aggregate expenditure , sociology , psychotherapist
We formulate the consumption and wealth accumulation behavior for low‐income agents who are concerned with their relative income with respect to a reference group. Using a dynamic consumption and saving model, we show the conditions under which low‐income and status‐seeking individuals accumulate more wealth and consume less of a nutritious good than the levels in the absence of status‐seeking behavior. Our results suggest that malnutrition and economic growth may go hand in hand in developing economies.