Structural Changes and Growth Regimes

Ciarli, Tommaso; Lorentz, André; Valente, Marco; Savona, María

doi:10.2139/ssrn.2989560

Cited by 4 publications

(1 citation statement)

References 93 publications

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“…Unfortunately, in many countries, there are not enough observations for obtaining reliable estimates for more detailed size classes, so I rely on summary statistics for the entire distribution. 7 The GEM captures different stages of entrepreneurial activity. I consider someone an entrepreneur, and include the firm in the analysis, if they declare running a firm that they own and they have already paid wages (possibly to themselves, for the self-employed).…”

Section: A Data Sourcesmentioning

confidence: 99%

The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology

Poschke

2018

American Economic Journal: Macroeconomics

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Development is associated with systematic changes in the firm size distribution. I document that the mean and dispersion of firm size are larger in rich countries, and increased over time for US firms. To analyze the firm size-development link, I construct a frictionless general equilibrium model of occupational choice with skill-biased change in entrepreneurial technology (i.e., technical progress favors better entrepreneurs). The model accounts for key aspects of the US experience with only changes in aggregate technology. It attributes half the variation in mean and dispersion of firm size across countries to technical change. Distortions also affect the size distribution. (JEL J24, L11, L25, L26, O33)

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Section: A Data Sourcesmentioning

confidence: 99%

The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology

Poschke

2018

American Economic Journal: Macroeconomics

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Structural Changes and Growth Regimes

et al. 2017

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Endogenous Growth and Global Divergence in a Multi-Country Agent-Based Model

2017

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In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns of interdependent economies. Each country features a Schumpeterian engine of endogenous technical change which interacts with Keyneasian/Kaldorian demand generation mechanisms. National growth trajectories are driven by firms' accumulation of technological knowledge, which in turn also leads to emergent specialization patterns in different industries. Interactions among economies occur via trade flows, stemming from the competition of firms in international markets. Simulation results show the emergence of persistent income divergence among countries leading to polarization and club formation. Moreover, each country experiences a structural transformation of its productive structure during the development process. Such dynamics results from firm-level virtuous (or vicious) cycles between knowledge accumulation, trade performances, and growth dynamics. The model accounts for a rich ensemble of empirical regularities at macro, meso and micro levels of aggregation. KEY WORDSEndogenous growth, structural change, technology-gaps, global divergence, absolute advantages, agentbased models. JEL F41, F43, O4, O3.

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Structural Changes and Growth Regimes

Abstract: The SPRU Working Paper Series aims to accelerate the public availability of the research undertaken by SPRU-associated people, and other research that is of considerable interest within SPRU, providing access to early copies of SPRU research.

Cited by 4 publications

References 93 publications

The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology

The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology

Structural Changes and Growth Regimes

Endogenous Growth and Global Divergence in a Multi-Country Agent-Based Model

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