IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Structural change, sectoral specialisation and growth rate differences in an evolutionary growth model with demand shocks

Listed author(s):
  • André Lorentz

The paper develops a multi-sectoral growth model that links a Post-Keynesian macro-framework to an evolutionary modelling of technical change and industrial dynamics. Following Pasinetti 1981 and Verspagen 1993, we assume that sectors are integrated such that the dynamics of each sectors? demand are interdependent, and co-evolving. Technical change mechanisms are directly inspired by evolutionary models of growth and industrial dynamics. Lorentz 2007 shows that the structure of the demand characteristics shape the structure of the economies influencing directly specialization patterns and growth rates differences among economies. The aim of this paper is to show that the introduction of satiation levels à la Pasinetti limits this effect. Hence both sectorial specialization and growth rates differences tend to disappear when the satiation levels are reached. In other words, these macro-patterns appear to be highly dependent on the persistence of structural change. JEL Codes: O41, O33, E11, F43

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=JIE_016_0217
Download Restriction: free

File URL: http://www.cairn.info/revue-journal-of-innovation-economics-2015-1-page-217.htm
Download Restriction: free

Article provided by De Boeck Université in its journal Journal of Innovation Economics & Management.

Volume (Year): n°16 (2015)
Issue (Month): 1 ()
Pages: 217-248

as
in new window

Handle: RePEc:cai:jiedbu:jie_016_0217
Contact details of provider: Web page: http://www.cairn.info/revue-journal-of-innovation-economics.htm

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:cai:jiedbu:jie_016_0217. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.