Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31827
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dc.contributor.authorWitt, Ulrichen_US
dc.contributor.authorBrenner, Thomasen_US
dc.date.accessioned2008-02-20en_US
dc.date.accessioned2010-05-14T11:16:34Z-
dc.date.available2010-05-14T11:16:34Z-
dc.date.issued2007en_US
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_US
dc.language.isoengen_US
dc.publisher|aMax-Planck-Inst. für Ökonomik |cJenaen_US
dc.relation.ispartofseries|aPapers on economics and evolution |x0712en_US
dc.subject.jelB52en_US
dc.subject.jelD50en_US
dc.subject.jelE00en_US
dc.subject.jelE11en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.stwKonjunkturen_US
dc.subject.stwStrukturwandelen_US
dc.subject.stwMakroökonomiken_US
dc.subject.stwEvolutionsökonomiken_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwTheorieen_US
dc.subject.stwIndustriekonjunkturen_US
dc.subject.stwDeutschlanden_US
dc.titleOutput dynamics, flow equilibria and structural change: a prolegomenon to evolutionary macroeconomicsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn558682162en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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