The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We … develop a macro-economic model with agent-based micro-foundations that articulates the links between production and … organisational structures on the supply side, and the endogenous evolution of income distribution on the demand side. The model …

A model with two different production sectors and endogenous growth based on the accumulation of sector-specific human … aggregated over time. Growth is controlled by a dynamic optimisation of the use of time for working in the different sectors or … for leisure. Transitional dynamics of production growth, especially of structural change towards a 'new' sector (with …

growth model with evolutionary microfounded structural change. The model endogenies both technical change and changes in … thoughts in explaining economic growth. This model directly extends the one presented in Lorentz and Savona (2008). The paper … by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short …

productivity and variables from our model representing the technological substitution conditions. Our findings support this …

We propose an agent-based computational model defining the following dimensions of structural change - organisation of … significance of the effect these parameters on output growth. We identify the aspects of structural change that have the strongest … - income distribution, changes to production technology and the emergence of new sectors, - play a major role on output growth …

different growth models (the Jones R&D-based model, a learning-by-doing model, and an embodied technical change model) serves as …This paper argues that growth theory needs a more general notion of “regularity” than that of exponential growth. We … suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve …

the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro … the evolution of the sectoral composition of the economy and macro-economic growth. Firstly, we provide a micro … effects of micro-behaviour on aggregate growth, via changes in the intermediate linkages and sectoral composition of the …

productivity growth, dynamic panel estimations are applied to a standard growth model modified to include specific structural …Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of … results give empirical substance to the evolutionary emphasis on Schumpeterian development as opposed to mere aggregate growth. …

Strong growth in disposable income has driven, and is still driving, consumption to unprecedented, but not sustainable … levels. To explain the dynamic interplay of needs, need satisfaction, and innovation underlying that growth a behavioral …

While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One …