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Autor:innen: 
Erscheinungsjahr: 
1985
Schriftenreihe/Nr.: 
IUI Working Paper No. 139
Verlag: 
The Research Institute of Industrial Economics (IUI), Stockholm
Zusammenfassung: 
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.
Schlagwörter: 
Role of goverment
macro productivity
micro-to-macro model
technological change
JEL: 
E61
H11
O40
Dokumentart: 
Working Paper

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