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Knowledge intensive business services and long term growth

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Author Info

  • Desmarchelier, Benoît
  • Djellal, Faridah
  • Gallouj, Faïz

Abstract

The goal of this paper is to (re)assess the relationship between knowledge intensive business services (KIBS) and the economic growth. Taking into account various conflicting relationships between KIBS and growth, we build a multi agent-based system involving industrial firms, consumer-services firms, consumers, KIBS firms and a banking system. Our main result is that KIBS can be regarded as an engine for the economic growth and that they operate as a substitute for the material capital accumulation. Nevertheless, material capital accumulation still appears as a significant factor of economic growth.

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Bibliographic Info

Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 25 (2013)
Issue (Month): C ()
Pages: 188-205

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Handle: RePEc:eee:streco:v:25:y:2013:i:c:p:188-205

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Web page: http://www.elsevier.com/locate/inca/525148

Related research

Keywords: Economic growth; Business services; Structural change;

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References

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Cited by:
  1. Cristian Dragos & Simona Laura Dragos, 2012. "Econometric Estimations of the Services and Financial Sector Impact on Economic Growth Variations in Times of Crisis," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(Special N), pages 621-634, November.
  2. Marta C. N. Simões & Adelaide Duarte, 2013. "Human Capital and Growth in a Services Economy: the Case of Portugal," GEMF Working Papers 2013-21, GEMF - Faculdade de Economia, Universidade de Coimbra.

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