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The aim of this paper is to account for both the short-run uctuations and thevery-long run transformations induced by technological change in analysing long-rungrowth patterns. The paper investigates the possible imprint left by short-run uctuationson the long run dynamics by aecting the...
Persistent link: https://www.econbiz.de/10009138616
The paper aims to account for the empirical stylised facts re-lated to changes in sectoral structures that have led to the growthof services in most advanced countries over recent decades. A growthmodel with evolutionary micro{founded structural change is devel-oped, which formalises the role of...
Persistent link: https://www.econbiz.de/10005865920
The paper contributes to the literature on the relation between structural changes indemand and supply and growth. We develop a macro{economic model with agent{basedmicro{foundations that articulates the links between production and organisational structureson the supply side, and the endogenous...
Persistent link: https://www.econbiz.de/10005867789