Evolutionary micro-dynamics and changes in the economic structure

André Lorentz and Maria Savona ()

A chapter in Schumpeterian Perspectives on Innovation, Competition and Growth, 2009, pp 137-160 from Springer

Abstract: Abstract The paper aims to account for the empirical stylized facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro–founded structural change is developed, which formalizes the role of technical change and changes in intermediate demand as they affect the evolution of the sectoral composition of the economy and macro-economic growth. The simulated results are based on the use of the actual data, including Input–Output coefficients in the case of Germany. Three scenarios are identified, which account for the effects of a set of key parameters on changes in the structure of the economy.

Keywords: Economic growth; Structural change; Growth of services; Evolutionary micro–foundation; Input–output (search for similar items in EconPapers)
JEL-codes: E11 L16 O14 O33 O41 (search for similar items in EconPapers)
Date: 2009
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Related works:
Journal Article: Evolutionary micro-dynamics and changes in the economic structure (2008)
Working Paper: Evolutionary micro-dynamics and changes in the economic structure (2008)
Working Paper: Evolutionary Micro-dynamics and Changes in the Economic Structure (2007)
Working Paper: Evolutionary micro-dynamics and changes of the economic structure (2007)
Working Paper: Evolutionary Micro-dynamics and Changes in the Economic Structure (2006)
Working Paper: Evolutionary Micro-dynamics and Changes in the Economic Structure (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-93777-7_9

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DOI: 10.1007/978-3-540-93777-7_9

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