Arbeitspapier
Dynamic Micro-Macro Market Coordination and Technical Change
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IUI Working Paper ; No. 139
- Klassifikation
-
Wirtschaft
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Structure, Scope, and Performance of Government
Economic Growth and Aggregate Productivity: General
- Thema
-
Role of goverment
macro productivity
micro-to-macro model
technological change
Ökonometrisches Makromodell
Marktmechanismus
Technischer Fortschritt
Produktivität
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Eliasson, Gunnar
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of Industrial Economics (IUI)
- (wo)
-
Stockholm
- (wann)
-
1985
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Eliasson, Gunnar
- The Research Institute of Industrial Economics (IUI)
Entstanden
- 1985
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