Knowledge intensive business services and long term growth

Benoit Desmarchelier, Faridah Djellal () and Faïz Gallouj

Structural Change and Economic Dynamics, 2013, vol. 25, issue C, 188-205

Abstract: The goal of this paper is to (re)assess the relationship between knowledge intensive business services (KIBS) and the economic growth. Taking into account various conflicting relationships between KIBS and growth, we build a multi agent-based system involving industrial firms, consumer-services firms, consumers, KIBS firms and a banking system. Our main result is that KIBS can be regarded as an engine for the economic growth and that they operate as a substitute for the material capital accumulation. Nevertheless, material capital accumulation still appears as a significant factor of economic growth.

Keywords: Economic growth; Business services; Structural change (search for similar items in EconPapers)
JEL-codes: O14 O41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:25:y:2013:i:c:p:188-205

DOI: 10.1016/j.strueco.2012.07.003

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