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dc.contributor.authorWitt, Ulrichen
dc.contributor.authorBrenner, Thomasen
dc.date.accessioned2008-02-20-
dc.date.accessioned2010-05-14T11:16:34Z-
dc.date.available2010-05-14T11:16:34Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/31827-
dc.description.abstractIn an evolutionary approach to macroeconomics, the market disequilibrium dynamics resulting from structural change need to be properly represented at the aggregate level. As suggested by the late F.A.Hayek, a suitable equilibrium concept required to this end as a frame of reference, is that of a flow equilibrium. The paper explores the corresponding flow dynamics that draw attention to variables not usually considered in macroeconomic theorizing. Using statistical estimates for these new variables for the West German manufacturing sector during the German unification process allows some important new insights on the relationships between structural change and macroeconomic performance.en
dc.language.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Economics and Evolution |x0712en
dc.subject.jelB52en
dc.subject.jelD50en
dc.subject.jelE00en
dc.subject.jelE11en
dc.subject.jelE32en
dc.subject.ddc330en
dc.subject.stwKonjunkturen
dc.subject.stwStrukturwandelen
dc.subject.stwMakroökonomiken
dc.subject.stwEvolutionsökonomiken
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwTheorieen
dc.subject.stwIndustriekonjunkturen
dc.subject.stwDeutschlanden
dc.titleOutput dynamics, flow equilibria and structural change: a prolegomenon to evolutionary macroeconomics-
dc.typeWorking Paperen
dc.identifier.ppn558682162en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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