Evolutionary micro-dynamics and changes in the economic structureReport as inadecuate




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Journal of Evolutionary Economics

, Volume 18, Issue 3–4, pp 389–412

First Online: 07 May 2008

Abstract

The paper aims to account for the empirical stylized facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro–founded structural change is developed, which formalizes the role of technical change and changes in intermediate demand as they affect the evolution of the sectoral composition of the economy and macro-economic growth. The simulated results are based on the use of the actual data, including Input–Output coefficients in the case of Germany. Three scenarios are identified, which account for the effects of a set of key parameters on changes in the structure of the economy.

KeywordsEconomic growth Structural change Growth of services Evolutionary micro–foundation Input–output The authors are grateful to M. Valente for suggestions and technical advice. The paper benefited from comments and suggestions from E. Andersen, R. Schettkat, U. Witt and participants in the 11th International J.A. Schumpeter Society Conference held in Nice in 2006, and those of two anonymous referees. This work was carried out during Maria Savona’s stay at BETA, Université Louis Pasteur, Strasbourg as a Centre National de la Recherche Scientifique Post-doc Fellow. The usual disclaimers apply.

JEL ClassificationE11 L16 O14 O33 O41  Download fulltext PDF



Author: André Lorentz - Maria Savona

Source: https://link.springer.com/







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