Is Keeping  Up with the Joneses Beneficial for Economic Growth?

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Title:	Is Keeping Up with the Joneses Beneficial for Economic Growth?
Authors:	Shieh, J.Y.;Chen, J. H.;Chang, J. J.;Yang, C. Y.
Contributors:	淡江大學經濟學系
Keywords:	Conspicuous consumption;clean and dirty goods;economic growth
Date:	2014-12
Issue Date:	2014-09-19 15:23:25 (UTC+8)
Abstract:	This paper builds a two-sector, environmental model in which agents optimally choose the clean- and dirty-goods in order to balance the concern for social status and environmental quality. In contrast to the conventional notion, we Önd that greater social aspirations in consumption regardless of either clean or dirty goods can lead to a deterioration in economic growth, provided that conspicuous goods are relatively labor-intensive. Besides, in the presence of conspicuous consumption, employment and growth may be negatively correlated, which provides theoretical support to the empirical evidence.
Appears in Collections:	[Graduate Institute & Department of Economics] Proceeding

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