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  • General Founder and Publisher:

    Centre of Sociological Research


  • Publishing Partners:

    University of Szczecin (Poland)

    Széchenyi István University, (Hungary)

    Mykolas Romeris University (Lithuania)

    Alexander Dubcek University of Trencín (Slovak Republic)

  • Membership:

    American Sociological Association

    European Sociological Association

    World Economics Association (WEA)




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



Denys Verba

PhD, Assoc. Prof.

Department of Political Economy

Vadim Getman Kyiv National Economic University

Kyiv, Ukraine



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



JEL Classification: D11, D12, Е03

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