Evolutionary micro-dynamics and changes in the economic structure

Lorentz, André; Savona, María

doi:10.1007/s00191-008-0096-6

Cited by 28 publications

(6 citation statements)

References 20 publications

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“…Indeed, a considerable amount of scholarship fundamentally challenges the services as a burden perspective. Empirical evidence on the positive effects of services over growth and structural change is plentiful (Di Meglio et al, 2018;Evangelista et al, 2015Evangelista et al, , 2013Kox and Rubalcaba, 2007;Lorentz and Savona, 2008;Peneder et al, 2003) and novel theoretical contributions show how BS can emerge as a factor of long-term growth (Desmarchelier et al, 2013).…”

Section: Business Services and Economic Developmentmentioning

confidence: 99%

Targeting Industrial Policy on Business Services: Rationales and Design for the Case of Chile

Madariaga¹

2020

SSRN Journal

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This article explores whether and how targeting industrial policy towards business services (BS) may contribute to economic development in Chile. To do so, the literature on rationales for targeted industrial policy and the relation between BS and economic development is reviewed. I stress that BS potential in economic development depends on productive linkages and associated capacity for generating knowledge and technological spillovers. Then, drawing on Chilean input-output tables for the years 1996 and 2016, an empirical assessment of productive linkages in the tradition of Hirschman is conducted. Three findings stand out from this exercise. First, BS exhibit relatively strong forward linkages and weak backward linkages, thus the sector is generally dependent on intermediate demand. Second, although the magnitude of its forward linkages have decreased, the relative importance of the sector within the domestic economy has increased over the period under study. It is argued that this result is counter-intuitive and affects the capacity of BS to contribute to a beneficial pathway of structural change in the Chilean economy. Third, when breaking down BS into subsectors, the linkages reveal important heterogeneity within the sector. It is suggested that this is relevant for discussing what industrial policy should target within BS. Moving forward, considerations for policy design are put forth. Focusing on rationales for intervention and other policy design aspects, the recent experience of industrial policy towards BS in Chile is analysed. Lastly, policy implications associated with the preceding discussion are further illustrated by drawing on the case of offshore services in Costa Rica. By bringing together these elements, the article's main contribution points to the role that productive linkages play in generating beneficial dynamics of economic development associated with BS.

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Section: Business Services and Economic Developmentmentioning

confidence: 99%

Targeting Industrial Policy on Business Services: Rationales and Design for the Case of Chile

Madariaga¹

2020

SSRN Journal

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“…5 Referring to the early technology upgrading of individual firm capacities as a "Kaldorian" feature may be stretching the concept a bit. Since technology and productivity advance inspired by Kaldor (1957) has become a characteristic of a class of agent-based models (see, inter alia, Lorentz & Savona, 2007), and several chapters in Cantner, Gaffard, & Neste (2009) with features similar to those of the original version of the firm model of the Reference model, for symmetry I use that nomenclature. 6 The Reference model has been implemented on firm data for four Swedish manufacturing industries/markets and placed in a consistent micro firm National Accounts L&K framework of the entire Swedish economy (Albrecht et al, 1992).…”

Section: Theoretical Foundationmentioning

confidence: 99%

“…This capacity of the firm to innovate relates to the Neo-Kaldorian branch of ABM inspired by Kaldor's (1957) Harrod type Keynesian growth model. 9 In this model technical change was related to the rate of capital accumulation and structural change (see for instance Lorentz & Savona, 2007;Cantner et al 2009).…”

Section: Technological Change and Economic Growth -The Kaldor Connectionmentioning

confidence: 99%

Why Complex, Data Demanding and Difficult to Estimate Agent Based Models? Lessons from a Decades Long Research Program

Elíasson¹

2017

IJM

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“…The fi rst is provided by André Lorentz and Maria Savona's contributions (Lorentz andSavona 2008 and2010 ). The target of these authors "is to account for both sides of the coin: On the one hand, we aim at investigating the imprint left by short-run fl uctuations on the long run mechanisms of structural change.…”

Section: Do Contemporary Theories Of Structural Dynamics Questiomentioning

confidence: 99%

Modern Structural Economic Dynamics in the Short and the Long Run

Aréna

2016

J Hist Econ Thought

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During several decades and until the end of the 1990s, the theory of structural economic dynamics has been absent in the field of so-called mainstream economic analysis. The literature included only either empirically oriented contributions or developments that were related to so-called critical theoretical approaches of structural change. At the end of the twentieth century, however, mainstream economic theorists changed this situation and began to investigate the field of structural dynamics, often using the Solovian theory of economic growth. During the last two decades, they contributed to change substantially the state of the theory of structural change. This contribution first provides an assessment of the advances realized by these theorists. It then confronts these advances with the so-called alternative or critical theoretical approaches of structural dynamics—namely, Luigi Pasinetti’s contribution and ‘evolutionary’ approaches—in order to provide a more complete picture of structural dynamics in the short and the long run.

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Evolutionary micro-dynamics and changes in the economic structure

Cited by 28 publications

References 20 publications

Targeting Industrial Policy on Business Services: Rationales and Design for the Case of Chile

Targeting Industrial Policy on Business Services: Rationales and Design for the Case of Chile

Why Complex, Data Demanding and Difficult to Estimate Agent Based Models? Lessons from a Decades Long Research Program

Modern Structural Economic Dynamics in the Short and the Long Run

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