2004/06 | LEM Working Paper Series | |
Sectoral Specialisation and Growth Rate Differences Among Integrated Economies |
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André Lorentz |
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Keywords | ||
Sectoral Specialisation, Economic Growth, Endogenous Technical Change
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JEL Classifications | ||
O41, O30, F43
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Abstract | ||
This paper addresses the question of sectoral
specialisation mechanisms and effects on growth rate differences providing
an alternative approach to endogenous growth processes. The
framework we choose draws on the Kaldorian cumulative causation
approach to growth and the evolutionary modelling of technical change
and industrial dynamics.The framework developed in the paper is used to
consider the following issues: First, the paper addresses the
question of sectoral specialisation as an emergent property of the
dynamics generated by the model, focusing on the mechanisms leading to
and sustaining specialisation patterns. These mechanisms are linked to
technology but also demand. Second, the paper investigates the
relationship between specialisation patterns and growth rate
differences among economies. Specialisation can lead to increases in growth
rate differences among economies. We then try to sort out the mechanisms
inducing this pattern.
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