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An evolutionary model of industrial growth and structural change

  • Montobbio, Fabio

This paper explores the rules which regulate market shares dynamics within industries jointly with the mechanisms underpinning a process of general evolution in which n sectors grow at different rates and structural change takes place. It introduces a selection equation, which allows for selection within and between sectors and explores the forces that can account for the differential growth of different industries. Sectoral and aggregate productivity growth rates depend upon a sorting and a selection mechanism between and within sectors, which continuously changes the relative position of competing firms. This paper generalises Metcalfe’s Fisher Principle (Metcalfe, 1998) results to a multi-sectoral economy.

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

Volume (Year): 13 (2002)
Issue (Month): 4 (December)
Pages: 387-414

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Handle: RePEc:eee:streco:v:13:y:2002:i:4:p:387-414
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/525148

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  1. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
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  14. Notarangelo, Micaela, 1999. "Unbalanced growth: a case of structural dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 10(2), pages 209-223, June.
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