Consumption Growth Accounting
18 Pages Posted: 31 Aug 2007
Abstract
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.
Suggested Citation: Suggested Citation
Dietzenbacher, Erik and de Groot, Olaf J. and de Groot, Olaf J. and Los, Bart, Consumption Growth Accounting. Review of Income and Wealth, Vol. 53, No. 3, pp. 422-439, September 2007, Available at SSRN: https://ssrn.com/abstract=1010792 or http://dx.doi.org/10.1111/j.1475-4991.2007.00244.x
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