Income distribution and effective demand

Author: Yang Tianyu
Publisher:
Publish Date: 2001-08-22
Features: Based on the development of theories in the history of thought, the author divides the theory of effective demand into three major schools, which differs from previous classification methods and is highly insightful. It also demonstrates the author's theoretical innovation. Building on the work of predecessors, this book establishes a unique consumption function model and an income distribution—investment demand model based on income distribution. Using this model, the author conducts a deep theoretical analysis of the impact of income inequality among urban and rural residents on effective demand. Based on Marx's social reproduction scheme, the author successfully constructs a theoretical model of how income inequality between urban and rural areas affects effective demand. Utilizing a large amount of statistical data in China, the author conducts econometric validation of the various theoretical models presented in the book.