Michael Landesmann () (The Vienna Institute for International Economic Studies, wiiw) Robert Stehrer () (The Vienna Institute for International Economic Studies, wiiw)
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In this paper we pursue the work started jointly with Richard M. Goodwin in the 1990s. Goodwin’s later work went very much in the direction of modelling Schumpeter's insights into structural and technological transformations in the context of disaggregated models while allowing for non-full employment outcomes and macroeconomic cyclical patterns to develop alongside these transformations. In a series of papers we have followed up this work for closed and open economies, drawing out in particular the implications of structural transformations for macrodistributional dynamics and effective demand problems. This has been analysed for advanced and catching-up economies and their interdependencies on the global stage. We shall review our modelling efforts in this respect and trace these back to Goodwin's life-long preoccupation with synthesizing disaggregated (linear) modelling with macro-dynamic analysis.
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Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series Working Papers with number
41.
Length: 26 pages Date of creation: Oct 2006 Date of revision: Publication status: Published as wiiw Working Paper, October 2006 Handle: RePEc:wii:wpaper:41
Find related papers by JEL classification: C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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