Aggregate Demand Shifts, Income Distribution, and the Linder Hypothesis
研究非齐次偏好和收入如何影响总需求与贸易模式,发现收入驱动的需求变动与林德型产品特征相关,且收入分配显著影响总支出,意味着收入水平上升会提高制成品贸易相对量和总量。
The intraindustry trade literature emphasizes nonhomothetic preferences and incomes as important determinants of aggregate demand and trade patterns. The authors provide evidence for such preferences, particularly that the structure of income-driven demand shifts is related to indices of Linder-type product characteristics, and that income distribution is a significant factor in determining aggregate expenditures. These results imply that, as general income levels rise, the relative volume of trade in manufactured consumer goods should rise, and the total volume of trade should rise, independent of changes in the intercountry difference between income levels. Copyright 1996 by MIT Press.