felmodellsantaganden

Felmodell Santaganden is a theoretical framework in economic modeling that attempts to quantify and explain the relation between economic growth and consumption patterns, particularly in Nordic countries. The term is derived from the Swedish words "femten" meaning fifteen, and "modell" meaning model. The model focuses on the hypothesis that economic growth can be influenced by the percentage of personal consumption allocated to 15 basic goods and services.

Developed by Swedish economists, the Felmodell Santaganden has gained attention for its attempt to explain economic trends in the Scandinavian region. The model's core idea is that when a country increases expenditure on a set of essential goods, such as food, housing, and healthcare, this spending can drive economic growth and have positive effects on consumption patterns. Conversely, decreased spending in these areas can lead to a gradual loss of demand stimulus and a subsequent decrease in economic growth.

The Felmodell Santaganden has been studied by various researchers for its potential implications on monetary policy and macroeconomic forecasting. Several variants of the original 15-good model have been developed, incorporating additional products or adjusting variable weights according to national average consumption weights. Critics have pointed out methodological issues and over-reliance on aggregating expenditure data for gdp calculations. Nevertheless, the model has been seen as an innovative solution to understanding consumption's role in Nordic economic performance.