Innovation, Market Structure and the Structure of the Economy: a micro-to-macro model

Rainer Vosskamp

Economic Systems Research, 1999, vol. 11, issue 3, 213-232

Abstract: This paper presents a micro-to-macro model which connects an input-output model with price-dependent input coefficients and basic elements of industrial economics. This enables the determination of the most important variables on the micro, meso and macro levels, and, in particular, the determination of market structure and economic structure. On the basis of the model, we discuss the various intra-industry and interindustry impacts of process innovation. The results show the importance of considering heterogeneity of firms and sectors.

Keywords: Innovation; market structure; economic structure; heterogeneity (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1080/09535319900000015

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