Journal of Scientific Papers

ECONOMICS & SOCIOLOGY


© CSR, 2008-2015
ISSN 2071-789X



Directory of Open Access Journals (DOAJ)


Strike Plagiarism

Partners
  • General Founder and Publisher:


    Centre of Sociological Research

  • Publishing Partners:

     
     
    University of Szczecin (Poland)


    Mykolas Romeris University (Lithuania)

     

     
     
    Alexander Dubcek University of Trencín, Faculty of Social and Economic Relations (Slovak Republic)



     
    University of Entrepreneurship and Law, (Czech Republic)

     

  • Membership:


    American Sociological Association


    European Sociological Association


    World Economics Association (WEA)

     


    CrossRef

     


Modern Transformation of Relations between Production and Consumption

Vol. 7, No 2, 2014

 

Alevtyna Kudinova

PhD, Assoc. Prof.

Department of Political Economy

Vadim Getman Kyiv National Economic University

Modern transformation

of relations between production and consumption

Kyiv, Ukraine

E-mail: kudinovaalevtina@mail.ru

 

Denys Verba

PhD, Assoc. Prof.

Department of Political Economy

Vadim Getman Kyiv National Economic University

Kyiv, Ukraine

E-mail: forsend_20_01_14@ukr.net

 

ABSTRACT. In this paper we study the antecedents and consequences of modern transformation which happens with relations between production and consumption. A theoretical justification of the thesis about blurring relationship between growth of consumer’s opportunities and resource provision’s improvement for human capital accumulation is proposed. The reason for this phenomenon is called the predominance of one from two forms of consumption expansion.

Specifically, the predominance of the growth of consumer goods diversity, in comparison with increase of their availability is in our opinion the reason for weakening the positive impact of consumption growth on the accumulation of human capital. An empirical confirmation of this thesis is revealed in the analysis of variance in connection between scale of individual consumption and labor productivity in the group of European countries, as well as the U.S. and Japan.

 

Received: January, 2014

1st Revision: April, 2014

Accepted: May, 2014

 

DOI:10.14254/2071-789X.2014/7-2/4

JEL Classification: D11, D12, Е03

Keywords: consumption, human development, human capital accumulation, labor productivity.