Emergence of New Industries and Endogenous Growth Cycles.

This paper constructs a growth model in which monopolistically competing firms choose the characteristic of their own product from an unbounded product space. While consumers wish to satisfy various needs by purchasing a diverse range of goods, production costs are lower for those goods that are more similar to existing ones because of spillover effects in the lesrning-by-doing process.

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Year of publication:	2000
Authors:	Horii, R.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	GROWTH MODELS \| MONOPOLIES \| COMPETITION \| COSTS

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	54 pages
Classification:	O41 - One, Two, and Multisector Growth Models ; E32 - Business Fluctuations; Cycles ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008458127