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Innovation, Market Structure and the Structure of the Economy: a micro-to-macro model

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  • Rainer Vosskamp

Abstract

This paper presents a micro-to-macro model which connects an input-output model with price-dependent input coefficients and basic elements of industrial economics. This enables the determination of the most important variables on the micro, meso and macro levels, and, in particular, the determination of market structure and economic structure. On the basis of the model, we discuss the various intra-industry and interindustry impacts of process innovation. The results show the importance of considering heterogeneity of firms and sectors.

Suggested Citation

  • Rainer Vosskamp, 1999. "Innovation, Market Structure and the Structure of the Economy: a micro-to-macro model," Economic Systems Research, Taylor & Francis Journals, vol. 11(3), pages 213-232.
    • Handle: RePEc:taf:ecsysr:v:11:y:1999:i:3:p:213-232
    DOI: 10.1080/09535319900000015
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    References listed on IDEAS

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    1. Robert Evenson & Daniel Johnson, 1997. "Introduction: Invention Input-Output Analysis," Economic Systems Research, Taylor & Francis Journals, vol. 9(2), pages 149-160.
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    8. Verspagen, Bart, 1992. "Endogenous innovation in neoclassical growth models: A survey," Journal of Macroeconomics, Elsevier, vol. 14(4), pages 631-662.
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    Cited by:

    1. María Tugores & Elisabeth Valle, 2016. "Innovation, hotel occupancy, and regional growth," Tourism Economics, , vol. 22(4), pages 749-762, August.

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