The Market for Consumption Goods

2017 ◽  
pp. 54-67
Author(s):  
J. E. Meade
Keyword(s):  
Consumption Goods

Revitalization of Korea's Exports of Consumption Goods to Southeast Asia

2019 ◽  
Author(s):  
Gyupan Kim ◽  
Sooyoung Lee ◽  
Hyong-Kun Lee ◽  
Boram Lee ◽  
JungEun Lee ◽  
...  
Keyword(s):  
Southeast Asia ◽  
Consumption Goods

The Falling Rate of Profit under Constant Rate of Exploitation: A Generalization

2021 ◽  
pp. 048661342110058
Author(s):  
Junshang Liang
Keyword(s):  
Technical Change ◽  
Jel Classification ◽  
Sector Model ◽  
Constant Rate ◽  
Consumption Goods ◽  
Rate Of Profit

In a two-sector model with circulating capital, Laibman (1982) shows that a capital-using and labor-saving technical change in the consumption goods sector lowers the rate of profit under the assumption of constant rate of exploitation. This paper generalizes his finding in a two-department multi-sector model that considers the capital advanced. JEL Classification: B51, C67

Economic Environments

2013 ◽  
Author(s):  
Lars Peter Hansen ◽  
Thomas J. Sargent
Keyword(s):  
Consumer Goods ◽  
Discount Factor ◽  
Economic Environment ◽  
Technology Shocks ◽  
Preference Ordering ◽  
Consumer Durables ◽  
Information Sets ◽  
Laws Of Motion ◽  
Consumption Goods

This chapter describes an economic environment with five components: a sequence of information sets, laws of motion for taste and technology shocks, a technology for producing consumption goods, a technology for producing services from consumer durables and consumption purchases, and a preference ordering over consumption services. A particular economy is described by a set of matrices that characterize the motion of information sets and of taste and technology shocks; matrices that determine the technology for producing consumption goods; matrices that determine the technology for producing consumption services from consumer goods; and a scalar discount factor that helps determine the preference ordering over consumption services. The chapter describes and gives examples of each component of the economic environment.

Profits and GDP in the basic model

2019 ◽  
pp. 32-53
Author(s):  
Kazimierz Łaski
Keyword(s):  
Labor Productivity ◽  
Total Output ◽  
Capitalist Economy ◽  
Basic Model ◽  
Consumption Goods ◽  
The Stability ◽  
Two Sectors ◽  
Investment Multiplier ◽  
Multiplier Process

In the basic model it is assumed that the economy is closed and there is no government. In this situation, with two sectors producing respectively investment and consumption goods, total output and employment are determined by investment through the Keynesian investment multiplier. This result obtains because the capitalist economy is demand-constrained. By contrast, the centrally planned socialist economies were supply-constrained. In the capitalist economy the multiplier process ensures that investment finances itself through providing exactly the same amount of saving as investment in any given period. However, the condition for the stability of this result is the rise in wages with labor productivity.

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