THEORETICAL CONSIDERATIONS ON THE CONSUMPTION-BASED ECONOMIC GROWTH
Journal: The Journal CONTEMPORARY ECONOMY (Vol.5, No. 3)Publication Date: 2020-09-30
Authors : Emil DINGA;
Page : 16-22
Keywords : economy; consumption; growth; sustainability.;
Abstract
The paper aims to analyse, from a critical point of view, the standard models of economic growth which are based on the consumption as command variable within a post-keynesian economy. To this end, firstly, the study identifies the theoretical macroeconomic variables which can stay as proxies for consumption (for example, the wage), extracting the pros and cons arguments for every of them. Finally, the paper provides a set of arguments in favour of considering the consumption as an appropriate macroeconomic variable to model the economic growth, especially in the post-pandemic COVID-19 period, based, of course, on taking into account the economic sustainability on medium and long term.
Other Latest Articles
- ROMANIA'S BUDGETARY DEFICIT IN 2018 AND ITS FORECAST FOR 2019. DIMENSIONS AND FINANCING
- HOW CAN ENTREPRENEURS USE LATEST TECHNOLOGY IN ORDER TO ACCELERATE HUMAN ACHIEVEMENT AT WORK AND DRIVE BUSINESS PROCESS IMPROVEMENTS?
- ONLINE TRADE INTEGRATED WITH BLOCKCHAIN TECHNOLOGY MANAGEMENT IN ENTREPRENEURIAL ACTIVITY
- DETECTION OF CREATIVE ACCOUNTING PRACTICES
- SELECTING KEY PERFORMANCE INDICATORS (KPIS) IN ENVIRONMENTAL SUSTAINABLE STRATEGIES FOR BUSINESSES
Last modified: 2022-12-27 22:21:54