Innovation, specialization and growth in a model of structural change

Andergassen, Rainer ; Nardini, Franco ; Ricottilli, Massimo (2011) Innovation, specialization and growth in a model of structural change. Bologna: Dipartimento di Scienze economiche DSE, p. 42. DOI 10.6092/unibo/amsacta/4523. In: Quaderni - Working Paper DSE (718). ISSN 2282-6483.
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Abstract

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research and development against established incumbents raises productivity at the industry level and leads to a shift in the aggregate demand pattern and consequently to a redistribution of the profit fund among industries and a restructuring of the production process in each industry. The paper argues that the degree of development as reflected in a demand share distribution is characterized by a corresponding distribution of specialized sectors that becomes more even across industries as the development process proceeds and investigates the consequences in terms of economic growth.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Andergassen, Rainer
Nardini, Franco
Ricottilli, Massimo
Keywords
Innovation, development, structural change
Subjects
ISSN
2282-6483
DOI
Deposit date
02 Feb 2016 11:43
Last modified
02 Feb 2016 11:43
URI

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