A multi-country non-linear dynamical model for the study of European growth based on technology and business services

Bernardo Maggi and Daniel Muro

Structural Change and Economic Dynamics, 2013, vol. 25, issue C, 173-187

Abstract: In this paper we study a model for endogenous growth based on technology diffusion across European countries with respect to the major foreign partners. To that aim we disentangle the dynamics of such a problem by considering the single contribution to growth of each country, arising from every other individual country and for every strategic variable of the model. Among those, business services play a leading role for the link supported between innovations and production. Moreover technology growth itself fosters the off-shoring process of business services. Our calculations are an outcome of a program we settled for a continuous time estimation which is, in its nature, suitable for the study of the dynamic systems.

Keywords: Continuous time econometrics; Growth; Stability; Technology; Business services (search for similar items in EconPapers)
JEL-codes: C33 C62 O11 O21 O33 O34 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:25:y:2013:i:c:p:173-187

DOI: 10.1016/j.strueco.2012.02.002

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