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Endogenous Growth and Structural Change in a Dynamic Input-Output Model

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  • Bart Los

Abstract

This paper introduces a simple dynamic input-output model, in which some of the most important properties of recent endogenous growth theory are included: innovation, knowledge spillovers, constant returns to scale at the macro level, and full employment. The wish to keep the hybrid model as tractable as possible (despite the industry detail) caused some substantial simplifications: contrary to most endogenous growth models, the model lacks an explicit microeconomic foundation and disregards any opportunity for instantaneous substitution. After the constituent equations are presented, the long-run behavior of the model is studied by a number of computer simulations for a hypothetical economy. The paper concludes with some illustrations of the potential practical power of future interindustry endogenous growth models in integrating issues like technology, investment, trade and education.

Suggested Citation

  • Bart Los, 2001. "Endogenous Growth and Structural Change in a Dynamic Input-Output Model," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 3-34.
    • Handle: RePEc:taf:ecsysr:v:13:y:2001:i:1:p:3-34
    DOI: 10.1080/09535310120026229
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    References listed on IDEAS

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    7. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    8. Elias Dinopoulos & Peter Thompson, 1999. "Scale effects in Schumpeterian models of economic growth," Journal of Evolutionary Economics, Springer, vol. 9(2), pages 157-185.
    9. Charles I. Jones, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, Oxford University Press, vol. 110(2), pages 495-525.
    10. Edler, Dietmar & Ribakova, Tatjana, 1993. "The Leontief-Duchin-Szyld dynamic input-output model with reduction of idle capacity and modified decision function," Structural Change and Economic Dynamics, Elsevier, vol. 4(2), pages 279-297, December.
    11. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-784, August.
    12. Peter Howitt, 1999. "Steady Endogenous Growth with Population and R & D Inputs Growing," Journal of Political Economy, University of Chicago Press, vol. 107(4), pages 715-730, August.
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    Cited by:

    1. Rutger Hoekstra & Marco Janssen, 2006. "Environmental responsibility and policy in a two-country dynamic input-output model," Economic Systems Research, Taylor & Francis Journals, vol. 18(1), pages 61-84.
    2. Ana-Isabel Guerra & Ferran Sancho, 2013. "A Linear Price Model With Extractions," EcoMod2013 5113, EcoMod.
    3. Bart Los, 2004. "Identification of strategic industries: A dynamic perspective," Papers in Regional Science, Springer;Regional Science Association International, vol. 83(4), pages 669-698, October.
    4. repec:dgr:rugccs:200202 is not listed on IDEAS
    5. Henryk Gurgul & Łukasz Lach, 2016. "Simulating evolution of interindustry linkages in endogenous dynamic IO model with layers of techniques," Metroeconomica, Wiley Blackwell, vol. 67(4), pages 632-666, November.
    6. Tsutomu Harada, 2015. "Changing Productive Relations, Linkage Effects, and Industrialization," Economic Systems Research, Taylor & Francis Journals, vol. 27(3), pages 374-390, September.

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