Showing papers in "Structural Change and Economic Dynamics in 2002"

TL;DR: In this paper, the authors analyzed the determinants of structural change and aggregate productivity growth on the basis of the aggregation of the behaviours of heterogeneous firms in different economic sectors, and provided a consistent generalisation of standard replicator dynamic models, which focus only on a single industry.

TL;DR: In the USA, Japan, and Germany, the time-averaged elasticities of production of energy exceed the share of energy cost in total factor cost by about an order of magnitude, and those of labor are much less than labor's cost share as mentioned in this paper.

TL;DR: In this article, the impact of diversity of innovative strategy of firms on the industrial dynamics through a micro-simulation model is explored and the results show that the coexistence of these two types of firms leads to an oligopolistic structure characterised by asymmetries in the size of firms and high technological performance.

TL;DR: In this article, the authors propose a model to decompose each economy's productivity growth into the part caused by its changing structure and the part explained by demand conditions, which is used to account for the productivity slowdown that occurred in these economies after 1973, and examine the recent productivity increase in the US.

TL;DR: The authors explored the effect of technological specialisation on economic growth within a balance-of-payments-constrained growth model and found that countries that are specialised in fast-growing technologies experience above average rates of growth due to the positive effects on international competitiveness.

TL;DR: In this article, the authors explore whether changes in consumption patterns contributed to the generation of carbon dioxide (CO2) and sulfur dioxide (SO2) emissions in Korea during 1985-1995.

TL;DR: In this article, the authors present a general equilibrium growth model in which politicians chose government spending to maximize support by their constituents and show that the policies chosen by politicians are Pareto suboptimal and cause endogenous cycles in output.

TL;DR: This paper found that low female labour participation is an important determinant of anti-female child bias in regions characterised by both Indo-Aryan and Dravidian kinship systems.

TL;DR: In this article, the authors present a model where the innovation of new service varieties can explain the low productivity of the information technology manufacturing sector, where productivity gains are no longer realized within but between firms, as the increase in variety increases value added per employee.

TL;DR: In this paper, the authors examined the determinants of acquisition and failure for a large sample of German corporations, separately for public and private corporations, and found that both types of firms are more likely to be acquired or to fail when performance is poor, leverage is high, and firm size is small.

TL;DR: In this article, the growth models of Feldman and Mahalanobis are extended to analyse the implications of the process of structural change on the decisions of investment allocation, using the device of vertical integration, their constructions are shown to be a particular case of the Pasinetti (Structural Change and Economic Growth).

TL;DR: In this article, the authors used the primal panel data approach to measure productivity growth in departments of gynecology and obstetrics in Sweden and found that the level and the time pattern of productivity measures vary substantially across models and estimation methods.

TL;DR: In this article, the authors investigated to what extent technological activities have a tendency to concentrate in centres of excellence or to diffuse across many countries and created a framework for the identification of different technological trends.

TL;DR: In this paper, the authors propose a joint analysis of two important policies the State can pursue to improve the terms of this trade-off: the development of a homogeneous national culture on the one side and the provision of insurance in the form of social protection on the other.

TL;DR: In this paper, the authors investigate the dynamic evolution of tariffs in telecommunications, gas, airports, electricity and water in England and Wales and carry out a statistical analysis of the tariffs charged by the companies, which have been subject to a price-cap since privatisation.

TL;DR: In this article, the authors extended the dynamic economic geography technique to analyze the evolution of national specialization as trade costs decrease and found that the sector of specialization, as well as the speed of relocation of factors towards this sector, depends crucially on the costs of relocating factors and on comparative advantages.

TL;DR: In this article, a new test for structural change based on the axioms of revealed preference was developed and applied to South Korean demand for rice, wheat, and barley, and it was shown that a violation of the Axioms implies that a permanent structural change has occurred.

TL;DR: In this article, the authors show that, despite correct short-term expectations about price change by all agents concerned, the economy may exhibit chaotic behaviour rather than convergence to a natural, equilibrium rate, when wage bargain takes place according to the usual specification of the Phillips curve while firms maximize profit.

TL;DR: This article argued that substantial foreign capital inflows were attracted by a stable nominal exchange rate and high interest rates, which alleviated the distributional struggle driving high inflation, but this incentive structure caused a profit squeeze in the tradable goods sector due to an appreciating real exchange rate precipitating the ultimate collapse of the programs.

TL;DR: In this paper, the authors analyse the long-run growth of the UK economy over the period 1855-1997, using a Markov-switching cointegration approach, and find that long run economic growth can be explained by two permanent shocks, namely a technological shock and a labour supply shock.