Sectoral Specialisation and Growth Rate Differences Among Integrated Economies
AbstractThis paper addresses the question of sectoral specialisation mechanisms and effects on growth rate differences providing an alternative approach to endogenous growth processes. The framework we choose draws on the Kaldorian cumulative causation approach to growth and the evolutionary modelling of technical change and industrial dynamics.The framework developed in the paper is used to consider the following issues: First, the paper addresses the question of sectoral specialisation as an emergent property of the dynamics generated by the model, focusing on the mechanisms leading to and sustaining specialisation patterns. These mechanisms are linked to technology but also demand. Second, the paper investigates the relationship between specialisation patterns and growth rate differences among economies. Specialisation can lead to increases in growth rate differences among economies. We then try to sort out the mechanisms inducing this pattern.
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Bibliographic InfoPaper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2004/06.
Date of creation: 15 Mar 2004
Date of revision:
Sectoral Specialisation; Economic Growth; Endogenous Technical Change;
Other versions of this item:
- André Lorentz, . "Sectoral Specialisation and Growth Rate Differences Among Integrated Economies," The Electronic Journal of Evolutionary Modeling and Economic Dynamics, IFReDE - Université Montesquieu Bordeaux IV.
- AndrÃ© Lorentz, 2004. "Sectoral Specialisation and Growth Rate DIfferences Among Integrated Economies," Computing in Economics and Finance 2004 165, Society for Computational Economics.
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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