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Networked Consumers in Economic Growth

Steven D. Silver

Chapter 7 in Networked Consumers, 2012, pp 137-157 from Palgrave Macmillan

Abstract: Abstract In this chapter, attention will turned to growth implications of consumption in networked consumers. The discourse in previous chapters has conceptualized effects of consumers as embedded in networks through the assortment of goods they use in personal consumption. Attention has been directed to the contributions that consumption activities can make to human capital and labor productivity. In this chapter, I elaborate on the observation that human capital of consumers can be augmented by activities in consumption as well as formal education in a growth context (e.g. Fahr 2005; Silver and Verbrugge 2010). Background studies in growth commonly use the designation of home or leisure activities for activities outside the workplace that consumers market goods. The term, home activities, will be used in the chapter to designate activities that use stocks of information and conventional goods.

Keywords: Human Capital; Personal Consumption; Home Activity; Transitional Dynamic; Fixed Budget (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36255-0_7

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DOI: 10.1057/9780230362550_7

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