The Effect of the Gap between Production and Distributed Income on Private Consumption

2021 ◽  
Vol 23 (3) ◽  
pp. 125-156
Author(s):  
Jong Ha Lee ◽  
Sang Ho Lee
Keyword(s):  
Private Consumption

Produktivkraft als Versprechen

2016 ◽  
Vol 46 (185) ◽  
pp. 621-638 ◽  
Author(s):  
Christian Siefkes
Keyword(s):  
Private Consumption ◽  
Minor Role ◽  
Progressive Reduction ◽  
Internal Forces ◽  
A Minor

The ‘Fragment on Machines’ from Marx’s Grundrisse is often cited as an argument that the internal forces of capitalism will lead to its doom. But the argument that the progressive reduction of labor must doom capitalism lacks a proper foundation, as a comparison with the ‘Schemes of Reproduction’ given in Capital II shows. The latter, however, aren’t fully convincing either. In reality, more depends on the private consumption of capitalists than either model recognizes. Ultimately, most can be made of the ‘Fragment on Machines’ by reading it not as an exposure of capitalism’s internal contractions, but as a discussion of a possible communist future where labor (or work) will play but a minor role.

scholarly journals Can public spending boost private consumption?

2021 ◽  
Author(s):  
Stylianos Asimakopoulos ◽  
Marco Lorusso ◽  
Luca Pieroni
Keyword(s):  
Private Consumption ◽  
Public Spending

Trends of Private Consumption in the Restructuring of China’s Economy

2015 ◽  
Vol 07 (04) ◽  
pp. 52-64
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Private Consumption ◽  
Decisive Role ◽  
Domestic Product ◽  
Domestic Consumption ◽  
Labour Income ◽  
Rapid Economic Growth ◽  
Labour Share ◽  
China’S Economy

The benefits deriving from rapid economic growth have chiefly accrued to capital returns. Consequently, the decline in the share of Chinese gross domestic product (GDP) accounted for by labour income has been most pronounced. To sustain growth, China will have to ensure robust consumption. Increasing the labour share in GDP and hence promoting domestic consumption will play a decisive role in rebalancing China’s economy.

scholarly journals Forecasting private consumption: survey-based indicators vs. Google trends

2011 ◽  
Vol 30 (6) ◽  
pp. 565-578 ◽  
Author(s):  
Simeon Vosen ◽  
Torsten Schmidt
Keyword(s):  
Private Consumption ◽  
Google Trends ◽  
Consumption Survey

The impact of government debt on private consumption in OECD countries

2007 ◽  
Vol 94 (2) ◽  
pp. 220-225 ◽  
Author(s):  
Robert-Paul Berben ◽  
Teunis Brosens
Keyword(s):  
Private Consumption ◽  
Government Debt ◽  
Oecd Countries ◽  
The Impact

Forecasting private consumption with Google Trends data

2018 ◽  
Vol 38 (2) ◽  
pp. 81-91 ◽  
Author(s):  
Jaemin Woo ◽  
Ann L. Owen
Keyword(s):  
Private Consumption ◽  
Google Trends

scholarly journals Impacts of Oil Discovery on Households in Uganda: A CGE Analysis

2019 ◽  
Vol 5 (1) ◽  
pp. 41
Author(s):  
Koire Twaha ◽  
Arshad Ali Bhatti ◽  
Husain Abbas Naqvi
Keyword(s):  
Private Consumption ◽  
Farm Households ◽  
Household Welfare ◽  
Cge Model ◽  
Absolute Poverty ◽  
Poverty And Inequality ◽  
Urban Farm ◽  
Oil Exports ◽  
The Impact ◽  
Positive Effect

This study analyses the impact of oil discovery on household poverty and inequality by employing a CGE model using 2007 SAM for Uganda. The oil production and export simulations show a decline in absolute poverty, poverty gaps and severity. Further, our findings showcase a positive effect of production and exports on household welfare, except for urban farm households. This study recommends for the managers of the economy to pay special attention towards injection of a reasonable portion of oil rent in sectors which positively contribute to the economy, diversify non-oil exports and above all, boost private consumption.

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