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<p>This paper investigates the relationship between economic development and macroeconomic consumption patterns using trade data and international input–output tables. We measure the similarity between a country’s consumption patterns and those of G7 economies using the Kullback–Leibler divergence. We then employ panel-data regression methods to analyze changes in the relationship between income and consumption over time. Our findings indicate a positive relationship between a country’s income and the similarity of its consumption patterns to G7 economies, with consumption patterns converging more rapidly than income from the 1980s until the Great Recession of 2008–2012.</p>

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The structure and evolution of consumption patterns

  • 期刊论文

  • 发表日期：

    2026年2月2日

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  • Oriol Gisbert-Martí

摘要

This paper investigates the relationship between economic development and macroeconomic consumption patterns using trade data and international input–output tables. We measure the similarity between a country’s consumption patterns and those of G7 economies using the Kullback–Leibler divergence. We then employ panel-data regression methods to analyze changes in the relationship between income and consumption over time. Our findings indicate a positive relationship between a country’s income and the similarity of its consumption patterns to G7 economies, with consumption patterns converging more rapidly than income from the 1980s until the Great Recession of 2008–2012.