Abstract
The aim of this paper is to investigate cross-country patterns of economic divergence in an evolutionary perspective. We propose a simple open economy evolutionary model of growth where the growth variables of each country are microfounded on the dynamics of national firms. The model finds its antecedents in some of the evolutionary models of economic growth developed over the past years. We claim that evolutionary models are able to account for persistent differentiation in the growth performances of countries as a generic property. In fact, the model proposed here does so despite its quite simplified structure.
| Original language | English |
|---|---|
| Title of host publication | Entrepreneurship, the New Economy and Public Policy |
| Subtitle of host publication | Schumpeterian Perspectives |
| Publisher | Springer |
| Pages | 253-266 |
| Number of pages | 14 |
| ISBN (Print) | 3540226133, 9783540226130 |
| DOIs | |
| Publication status | Published - 1 Dec 2005 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- Evolutionary models
- Growth
- International technological diffusion
- Technological change
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