Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/49163
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dc.contributor.authorKleinert, Barbaraen_US
dc.date.accessioned2011-09-05T07:11:38Z-
dc.date.available2011-09-05T07:11:38Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/49163-
dc.description.abstractThis paper studies product obsolescence, the entry and exit of firms, and the evolution of firm size as foundation of endogenous economic growth. I develop a dynamic general equilibrium model with heterogenous firms to analyze firm behavior in an economic environment that is characterized by a growing knowledge base. It uses a simple mechanism of knowledge diffusion that induces growth of the general knowledge base. The growing knowledge base forces small firms using the least knowledge intensive production processes to leave the economy, since competition from new entrants is tougher, since they developed their products starting from a larger knowledge base. Exiting firms are found to be smaller and less productive than survivors. Another main insight of the model is the evolution of a cohort's firm size distribution.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |xKiel und Hamburgen_US
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Endogenous Growth Theory |xA17-V3en_US
dc.subject.jelO40en_US
dc.subject.jelL11en_US
dc.subject.jelO30en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic growth-
dc.subject.keywordproduct obsolescence-
dc.subject.keywordfirm dynamics-
dc.subject.keywordfirm size distribution-
dc.titleBecoming obsolete: Bankruptcy through technological progressen_US
dc.typeConference Paperen_US
dc.identifier.ppn671637606en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc11:49163-

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