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Structural Change, Economic Growth and Bazaar Effects in the Single EU Market

Author

Listed:
  • Paul J.J. Welfens

    () (European Institute for International Economic Relations (EIIW) Bergische Universität Wuppertal)

  • Dora Borbély

    (European Institute for International Economic Relations (EIIW) Bergische Universität Wuppertal)

Abstract

This paper analyzes the link between structural change, growth and bazaar effects in the context of open economies. At first we consider the theoretical basis of structural change and discuss the interdependencies between trade, foreign direct investment and innovation dynamics. The empirical analysis puts the focus on traits of innovation and structural change in selected countries. As regards the hypothesis of a bazaar effect we distinguish between gross effects and net effects. The statistics and the analysis of input-output-tables does not provide evidence that bazaar effects would be a critical problem for Germany or other EU countries.

Suggested Citation

  • Paul J.J. Welfens & Dora Borbély, 2009. "Structural Change, Economic Growth and Bazaar Effects in the Single EU Market," Schumpeter Discussion Papers sdp09008, Universitätsbibliothek Wuppertal, University Library.
  • Handle: RePEc:bwu:schdps:sdp09008
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    Cited by:

    1. Andrea Szalavetz, 2010. "The Hungarian automotive sector – a comparative CEE perspective with special emphasis on structural change," EIIW Discussion paper disbei182, Universitätsbibliothek Wuppertal, University Library.

    More about this item

    Keywords

    Economic Growth; Innovation Dynamics; Structural Change; Open Economies;

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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