This paper addresses the question of sectoral specialisation mechanisms and effects on growth rate differences … providing an alternative approach to endogenous growth processes. The framework we choose draws on the Kaldorian cumulative … causation approach to growth and the evolutionary modelling of technical change and industrial dynamics. The framework developed …

The paper presents a model of endogenous growth in which firms are modeled as boundedly-rational, locally interacting … self-sustained growth. Then, we study the trade-off between individual rationality and collective outcomes by providing an … example in which more rational agents systematically perform worse than less rational ones. -- Innovation ; Endogenous Growth …

doctrine is misleading and a positive level of diversification is growth enhancing. Applying a result developed in the … adopt the optimal specialization strategy, i.e. the one that maximizes the country growth rate. -- Uncertainty … ; specialization ; growth ; government …

business cycles and growth dynamics that is very far from the homogeneous one postulated in models based on the RAH. In this ….g. size, growth, and productivity). -- Financial Market Imperfections ; Business Fluctuations ; Economic Growth ; Firm Size … ; Firm Growth ; Productivity Growth ; Agent-Based Models …