Beschreibung:
The quick recovery of Asian economies from recent recessions in comparison to the struggling American and European economies can be attributed in part to the positive aggregate-demand externalities of their self-employment sectors. This book presents a behavioural analysis of this effect, with a detailed focus on producer households.
Introduction A Prototype Model of Producer-Consumer Household Behavioural Transformation Effects of the Internal Rate of Wage on Output Supply Economic Differentiation The Structure of Labour Supply Demand for Capital Service A Dual Economy of the New Keynesian Type Economy with Home Production of Household Goods Positive Aggregate-Demand Externalities