Arbeitspapier
Endogenous growth and structural change through vertical and horizontal innovations
This paper combines horizontal and vertical innovations to generate an endogenous growth model allowing for structural change as an endogenous phenomenon. Every industry is profitable only for a limited period of time, making the effective time of existence of the technology endogenous and finite. We find that in such an economy endogenous structural change is the source of ongoing economic growth. Further, the range of existing sectors stays constat as well as growth rates as long as the technologies are symmetric.
- Language
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Englisch
- Bibliographic citation
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Series: WWZ Working Paper ; No. 2017/05
- Classification
-
Wirtschaft
- Subject
-
Endogenous Growth
Creative Destruction
Arrow Replacement Effect
Endogenous Structural Change
Horizontal Innovation
Endogenous Patents
- Event
-
Geistige Schöpfung
- (who)
-
Bondarev, Anton
Greiner, Alfred
- Event
-
Veröffentlichung
- (who)
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University of Basel, Center of Business and Economics (WWZ)
- (where)
-
Basel
- (when)
-
2017
- DOI
-
doi:10.5451/unibas-ep61312
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bondarev, Anton
- Greiner, Alfred
- University of Basel, Center of Business and Economics (WWZ)
Time of origin
- 2017
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