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dc.contributor.authorLorentz, Andréen_US
dc.date.accessioned2009-09-15en_US
dc.date.accessioned2010-05-20T14:37:59Z-
dc.date.available2010-05-20T14:37:59Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/32644-
dc.description.abstractThis paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations are used to identify the sources of increasing returns as measured by the Kaldor-Verdoorn Law. In this respect we also aim to provide some plausible micro-foundations to this Law. The paper shows that: (i) Dynamic increasing returns appear as an emergent property of the model; (ii) micro-characteristics of technical change, as the amplitude and the frequency of changes, as well as selection mechanisms significantly shape these increasing returns.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 0901en_US
dc.subject.jelB52en_US
dc.subject.jelL11en_US
dc.subject.jelO31en_US
dc.subject.jelO33en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordDynamic increasing returnsen_US
dc.subject.keywordKaldor-Verdoorn Lawen_US
dc.subject.keywordtechnical changeen_US
dc.subject.keywordevolutionary modellingen_US
dc.titleEvolutionary micro-founded technical change and the Kaldor-Verdoorn Law: Estimates from an artificial worlden_US
dc.typeWorking Paperen_US
dc.identifier.ppn608734896en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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