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The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We develop a macro-economic model with agent-based micro-foundations that articulates the links between production and organisational structures on the supply side, and the...
Persistent link: https://www.econbiz.de/10003875558
Persistent link: https://www.econbiz.de/10003635646
This paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations...
Persistent link: https://www.econbiz.de/10003875747