The aim of this paper is to account for both the short-run fluctuations and the very-long run transformations induced by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short-run fluctuations on the long run dynamics by affecting...

The term globalisation has gained widespread popularity; yet most treatments are either descriptive and/or focused on changes in economic interconnectivity. This book brings together leading international experts from a range of disciplines to develop a long-term analysis to address the problems...

This paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations...

Im vorliegenden Aufsatz wird untersucht, ob die Volkswirtschaftslehre einen Beitrag zur theoretischen Fundierung einer vorausschauend lenkenden Strukturpolitik leisten kann. Zu diesem Zweck werden vier ausgewählte Theorien auf ihre Eignung als Basis einer vorausschauend lenkenden...

In this paper we are going to analyze the dynamics of barriers to entry at the international level. In our model economic development takes place and continues in the long run due to the emergence of new sectors, which can compensate for the diminishing ability of mature sectors to create...