Showing 1 - 10 of 45,490
The paper aims to account for the empirical stylised 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 formalises the role of...
Persistent link: https://www.econbiz.de/10005765349
The paper develops a multi-sectoral growth model that links a Post-Keynesian macro-framework to an evolutionary modelling of technical change and industrial dynamics. Following Pasinetti 1981 and Verspagen 1993, we assume that sectors are integrated such that the dynamics of each sectors? demand...
Persistent link: https://www.econbiz.de/10011164409
aspects of Veblen’s "nstinct of workmanship," which is an essential starting point of his evolutionary theory of institutional …
Persistent link: https://www.econbiz.de/10005588057
Persistent link: https://www.econbiz.de/10004706317
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
This paper develops a simple Keynesian model of growth with endogenous technological change in which the long-run rate of growth of the economy is determined by both demand and supply forces to examine the effects of government fiscal policy. The paper first assumes that the government budget is...
Persistent link: https://www.econbiz.de/10010711804
This paper analyses the role of Information and Communication Technologies (ICT) on the job market polarization. We rely on an evolutionary framework by applying a “distance from mean approach”. Using data for 8 industrialized economies, we account for probable heterogeneous and timevarying...
Persistent link: https://www.econbiz.de/10010992399
The integration process between evolutionary approach and conventional economic analysis is very essential for the next development of economic studies, especially in the fundamental concepts of modern economics: supply and demand analysis. In this presentation, we use the concept of meme to...
Persistent link: https://www.econbiz.de/10008548835
Die Arbeit gibt einen Überblick über die Analytik, Ontologie und die theoretischen Schlüsselkonzepte der Evolutionsökonomie. Zentraler Erkenntnisgegenstand der Evolutionsökonomie ist das Wachstum und die Koordination ökonomisch relevanten Wissens. Im Rahmen des dargestellten einheitlichen...
Persistent link: https://www.econbiz.de/10005696743
In this paper, I present a theory of dynamic economic growth, business cycles, and asset pricing that integrates (1 …-economy are presented. First, my theory endogenizes completely the three-equation Klein model of consumption function, savings …
Persistent link: https://www.econbiz.de/10012743189