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The aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling the monopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition....
Persistent link: https://www.econbiz.de/10015251346
In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of...
Persistent link: https://www.econbiz.de/10010263864
The paper aims to account for the empirical stylised 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 formalises the role of...
Persistent link: https://www.econbiz.de/10010266704
Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...
Persistent link: https://www.econbiz.de/10010270491
In this paper we specialize the Ngai-Pissarides model of growth and structural change [American Economic Review 97 (2007), 429-443] to the case of three sectors, representing the primary (agriculture, mining), secondary (construction, manufacturing) and tertiary (services) sectors. On that basis...
Persistent link: https://www.econbiz.de/10010272254
The present paper aims to test empirically the theory of Kaldor during 2000-2016 in Colombia from his three laws of economic endogenous growth in order to provide a study of the industrial sector, observing the theory of distribution of income and the intuitive relations from the kaldorian model...
Persistent link: https://www.econbiz.de/10015212149
Structural analysis is the main topic of this paper and structural change is a dominant theme of the present work. The analysis of structural models and of theories of structural changes carried out in this paper has a double meaning. On the one hand, it allows to pick up several essential...
Persistent link: https://www.econbiz.de/10015222696
The study of structural changes is the theme of this work, where structural changes are correlated primarily with changes in the structure of production, which are caused by the evolution of technical progress and organizational changes in production. The analysis of models and theories of...
Persistent link: https://www.econbiz.de/10015227365
This contribution concerns models and theories of structural economic dynamics. The theories and models analyzed in the paper follow two different approaches, circular and vertical, in the analysis of structural dynamics. The content of this contribution is essentially methodological. This work...
Persistent link: https://www.econbiz.de/10015231704
Structural change indicates essentially a qualitative transformation and evolution of the economic systems, usually marked by technological progress and organizational changes. Technological factors, knowledge, institutions are all elements that contribute to the process of structural change....
Persistent link: https://www.econbiz.de/10015234123