Endogenous growth and structural change through vertical and horizontal innovations

Anton Bondarev () and Alfred Greiner

Working papers from Faculty of Business and Economics - University of Basel

Abstract: This paper combines horizontal and vertical innovations to generate an endogenous growth model allowing for structural change as an endogenous phenomenon. Every industry is profitable only for a limited period of time, making the effective time of existence of the technology endogenous and finite. We find that in such an economy endogenous structural change is the source of ongoing economic growth. Further, the range of existing sectors stays constat as well as growth rates as long as the technologies are symmetric.

Keywords: Endogenous Growth; Creative Destruction; Arrow Replacement Effect; Endogenous Structural Change; Horizontal Innovation; Endogenous Patents (search for similar items in EconPapers)
Date: 2017-04-10
New Economics Papers: this item is included in nep-gro and nep-ino
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Citations: View citations in EconPapers (4)

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https://edoc.unibas.ch/61312/1/20180306092835_5a9e513322bad.pdf (application/pdf)

Related works:
Journal Article: ENDOGENOUS GROWTH AND STRUCTURAL CHANGE THROUGH VERTICAL AND HORIZONTAL INNOVATIONS (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:bsl:wpaper:2017/05

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