network in amplifying sectoral dynamics on aggregate trend gross domestic product growth. This allows us to study the impact … of sectoral labor input and total factor productivity trend growth variation on the persistent decline in long-run output … growth. Our estimation reveals that sector-specific developments have historically accounted for half of this long …

The paper develops a growth model with evolutionary microfounded structural change. The model endogenises both … technical change and changes in final and intermediate demand as affecting macro-economic growth, through the structural change … of the economy which have led to the growth of services in most advanced countries over the last decades. At the …

. Germany lost its position as the European leader in research expenditures relative to GDP. For a set of 16 growth drivers, the …. Investment into future growth is specifically crucial when costs are high and markets are strictly regulated. Comparing the three … potential reasons for low growth, namely underinvestment into growth drivers, rising costs and strict regulation, we find the …