Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94876
Authors: 
Eliasson, Gunnar
Year of Publication: 
1985
Series/Report no.: 
IUI Working Paper 139
Abstract: 
This paper discusses the nature of macro productivity change from the perspective of a Schumpeterian micro-to-macro (M-M) model. It emphasizes the dynamics of resource allocation through markets (firms) where agents are both price and quantity setters. We find that the organization of market processes (the market regime) is important for the rate of total factor productivity change at aggregate levels . This is especially so when relative prices are shifty as a consequence of the ongoing market process and markets, notably the capital markets, are in disequilibrium.
Subjects: 
Role of goverment
macro productivity
micro-to-macro model
technological change
JEL: 
E61
H11
O40
Document Type: 
Working Paper

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