Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32644 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLorentz, Andréen
dc.date.accessioned2009-09-15-
dc.date.accessioned2010-05-20T14:37:59Z-
dc.date.available2010-05-20T14:37:59Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Economics and Evolution |x0901en
dc.subject.jelB52en
dc.subject.jelL11en
dc.subject.jelO31en
dc.subject.jelO33en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordDynamic increasing returnsen
dc.subject.keywordKaldor-Verdoorn Lawen
dc.subject.keywordtechnical changeen
dc.subject.keywordevolutionary modellingen
dc.titleEvolutionary micro-founded technical change and the Kaldor-Verdoorn Law: Estimates from an artificial world-
dc.typeWorking Paperen
dc.identifier.ppn608734896en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.