Cardona, Daniel; Losada, Fernando Sanchez - Facultat d'Economia i Empresa, Universitat de Barcelona - 2007
In this paper we highlight the importance of the operational costs in explaining economic growth and analyze how the … industrial structure affects the growth rate of the economy. If there is monopolistic competition only in an intermediate goods … sector, then production growth coincides with consumption growth. Moreover, the pattern of growth depends on the particular …