Sectoral Specialisation and Growth Rate Differences Among Integrated Economies
This paper addresses the question of sectoral specialisation mechanisms and effects on growth rate differences providing an alternative approach to endogenous growth processes. The framework we choose draws on the Kaldorian cumulative causation approach to growth and the evolutionary modelling of technical change and industrial dynamics.The framework developed in the paper is used to consider the following issues: First, the paper addresses the question of sectoral specialisation as an emergent property of the dynamics generated by the model, focusing on the mechanisms leading to and sustaining specialisation patterns. These mechanisms are linked to technology but also demand. Second, the paper investigates the relationship between specialisation patterns and growth rate differences among economies. Specialisation can lead to increases in growth rate differences among economies. We then try to sort out the mechanisms inducing this pattern.
|Date of creation:||15 Mar 2004|
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- Patrick Llerena & Andre' Lorentz, 2003.
"Cumulative Causation and Evolutionary Micro-Founded Technical Change: A Growth Model with Integrated Economies,"
LEM Papers Series
2003/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Patrick Llerena & André Lorentz, 2004. "Cumulative Causation and Evolutionary Micro-Founded Technical Change : A Growth Model with Integrated Economies," Working Papers of BETA 2004-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
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- Anthony Philip Thirlwall, 1979.
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Banca Nazionale del Lavoro Quarterly Review,
Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
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- Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
- Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-55, December.
- Silverberg, Gerald & Verspagen, Bart, 1995. "An Evolutionary Model of Long Term Cyclical Variations of Catching Up and Falling Behind," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 209-27, September.
- Patrick Llerena & André Lorentz, 2003. "Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey," LEM Papers Series 2003/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Marco Valente, 1998. "Laboratory for Simulation Development," DRUID Working Papers 98-5, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
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