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Endogenous Growth In Production Networks
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Book Synopsis Endogenous Growth in Production Networks by : Stanislao Gualdi
Download or read book Endogenous Growth in Production Networks written by Stanislao Gualdi and published by . This book was released on 2018 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the interplay between technological change and macro-economic dynamics in an agent-based model of the formation of production networks. On the one hand, production networks form the structure that determines economic dynamics in the short run. On the other hand, their evolution reflects the long-term impacts of competition and innovation on the economy. We account for process innovation via increasing variety in the input mix and hence increasing connectivity in the network. In turn, product innovation induces a direct growth of the firm's productivity and the potential destruction of links. The interplay between both processes generates complex technological dynamics in which phases of process and product innovation successively dominate. The model reproduces a wealth of stylized facts about industrial dynamics and technological progress, in particular the persistence of heterogeneity among firms and Wright's law for the growth of productivity within a technological paradigm. We illustrate the potential of the model for the analysis of industrial policy via a preliminary set of policy experiments in which we investigate the impact on innovators' success of feed-in tariffs and of priority market access.
Book Synopsis Endogenous Production Networks by : Daron Acemoglu
Download or read book Endogenous Production Networks written by Daron Acemoglu and published by . This book was released on 2017 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a tractable model of endogenous production networks. Each one of a number of products can be produced by combining labor and an endogenous subset of the other products as inputs. Different combinations of inputs generate (prespecified) levels of productivity. Markets are "contestable" in the sense that production technologies are available to a large number of potential producers. We establish the existence and uniqueness of an equilibrium with an endogenous production network and provide comparative static results on how prices and endogenous technology choices (and thus the production network) respond to changes in parameters. These results show that improvements in technology (or reductions in distortions) spread throughout the economy via input-output linkages and reduce all prices, and under reasonable restrictions on the menu of production technologies, also lead to a denser production network. Using a dynamic version of the model, we show that the endogenous evolution of the production network could be a powerful force towards sustained economic growth. At the root of this result is the fact that the arrival of a few new products expands the set of technological possibilities of all existing industries by a large amount -- that is, if there are n products, the arrival of one more new product increases the combinations of inputs that each existing product can use from 2n-1 to 2n , thus enabling significantly more pronounced cost reductions from the choice of optimal technology combinations. These cost reductions then spread to other industries that benefit from lower input prices and are further incentivized to adopt additional inputs. Keywords: economic growth, economic networks, input-output linkages, network formation organization of production, production network, productivity. JEL Classification: C67, O41, L23, E10, E23.
Book Synopsis Multinational Corporations and Endogenous Growth by : Terutomo Ozawa
Download or read book Multinational Corporations and Endogenous Growth written by Terutomo Ozawa and published by . This book was released on 2001 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Development by : Antonio Vazquez-Barquero
Download or read book Endogenous Development written by Antonio Vazquez-Barquero and published by Routledge. This book was released on 2002-05-23 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The beginning of the twenty first century has been characterized by the expansion of economics, politics and institutional relations. this book illustrates the local answer to the challenge of increasing competition.
Book Synopsis Endogenous Growth Theory by : Philippe Aghion
Download or read book Endogenous Growth Theory written by Philippe Aghion and published by MIT Press. This book was released on 1998 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Book Synopsis Endogenous Regional Development by : Robert John Stimson
Download or read book Endogenous Regional Development written by Robert John Stimson and published by Edward Elgar Publishing. This book was released on 2011 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasingly, endogenous factors and processes are being emphasized as drivers in regional economic development and growth. This 15 chapter book is unique in that it commences by presenting five disciplinary takes on endogenous development from the perspectives of economics, geography, sociology, planning and organizational management. Several chapters demonstrate how researchers have developed operational models to investigate the roles played by endogenous factors in regional economic development, including the role of entrepreneurial rents. Further chapters provide empirical investigations of endogenous factors in regional development at various levels of spatial scale - from the supraregion to the nation, city and small town - and in a variety of situational settings, including the European Union, Asia and Australia. The book is an invaluable up-to-date resource for researchers and students in regional science, and regional economic development and planning.
Book Synopsis Endogenous Production Networks with Fixed Costs by : Emmanuel Dhyne
Download or read book Endogenous Production Networks with Fixed Costs written by Emmanuel Dhyne and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a tractable model of endogenous production networks with fixed costs associated with the formation of links between firms. The model consists of a finite number of firm types producing differentiated products. Each firm is characterized by firm-specific parameters describing its CES production function, firm-specific domestic and foreign demand shifters, and a firm-specific set of potential suppliers and buyers. We consider versions of the model in which either the buyer or the supplier initiates the formation of links, and versions in which the production network can be cyclic or acyclic. Our main theoretical result is that the closed economy equilibrium is unique if the set of feasible networks consists only of networks that are acyclic and the buyer initiates the link formation while having full bargaining power in price negotiations with the supplier. We provide examples of multiple equilibria if the supplier initiates the link formation in both cyclic and acyclic feasible networks or if the buyer initiates the link formation in a cyclic production network. We take the acyclic production network model to Belgian data on firm-to-firm production networks and show that it approximates well the salient features of the network. The endogenous network model generates substantial churn in domestic firm-to-firm linkages in response to trade shocks. However, the endogenous network model generates only moderately different welfare changes compared to a model with fixed linkages, suggesting that exogenous production networks can approximate the welfare response to trade shocks reasonably well.
Book Synopsis Theories of Endogenous Regional Growth by : Börje Johansson
Download or read book Theories of Endogenous Regional Growth written by Börje Johansson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last two decades a new growth theory has emerged - often labelled "endogenous economic growth". The contributions in the book develop these advances into a theoretical framework for endogenous regional economic growth and explain the implications for regional economic policies in the perspective of the new century. Endogenous growth models can reflect increasing returns and hence refer more adequately to empirical observations than earlier models, and the models become policy relevant, because in endogenous growth models policy matters. Such policies comprise efforts to stimulate the growth of knowledge intensity of the labour supply and knowledge production in the form of R&D.
Book Synopsis Endogenous Spatial Production Networks by : Piyush Panigrahi
Download or read book Endogenous Spatial Production Networks written by Piyush Panigrahi and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Production Networks Amplify Economic Growth by : James McNerney
Download or read book How Production Networks Amplify Economic Growth written by James McNerney and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technological Innovation Across Nations by : Marina van Geenhuizen
Download or read book Technological Innovation Across Nations written by Marina van Geenhuizen and published by Springer Science & Business Media. This book was released on 2009-04-05 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is the driving force behind economic growth. The knowledge that f- ters innovation builds on both systematic research and serendipity. The availability of new knowledge—be it technological or organizational (social)—is, however, - suf?cient. An institutional structure must be in place that enhances mutual learning among the actors involved and that stimulates cooperation, as well as competition. This recognition has inspired this volume, which focuses on national innovation s- tems and sectoral (technology) innovation systems that differ widely between co- tries, due to their diverse historical paths and distinctive cultural and societal f- tures. With regard to theory, most chapters incorporate a mix of endogenous growth theory and evolutionary thinking. Endogenous growth theory places an emphasis on the interplay between technological knowledge and various structural charact- istics of the economy and society, as well as on the results of economic growth. Concepts related to technology development, accumulation of knowledge on te- nology, and technology diffusion feature prominently here. In evolutionary thi- ing, and in particular coevolutionary thinking, the focus is on close links between technology and institutions, whereby the functionality of technology is in?uenced by certain dynamic interactions with institutional systems. Information technology turns out to be a clear example of such a development.
Book Synopsis New Directions in Regional Economic Development by : Sameeksha Desai
Download or read book New Directions in Regional Economic Development written by Sameeksha Desai and published by Edward Elgar Publishing. This book was released on 2011 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of endogenous growth theory has led to new interest in the role of the entrepreneur as an agent driving technical change at the local regional level. This book examines theoretical and methodological issues surrounding the interface of the entrepreneur in regional growth dynamics on the one hand and on the other presents illuminating case studies. In total the book's contributions amplify understanding of such critical issues as the relationship between innovation and entrepreneurship, the entrepreneur's role in transforming knowledge into something economically useful, and knowledge commercialization with both conceptual and empirical contributions. The emergence of endogenous growth theory has unleashed a flurry of new hypotheses and related inquiries that have in turn created an exciting dynamic in the conceptual, theoretical and empirical foundations of the field. A central feature has been the recognition that local initiatives matter in how regions grow and adjust to changes and shocks. Moreover, it is the role of technical change, driven by entrepreneurs, that motivates these initiatives. This volume begins by outlining and explaining the theory and method behind entrepreneurship and development. This is followed by specific case studies of practice and policy. These cases are region specific, offering the reader concrete, empirically based research results. Scholars and students in economics, entrepreneurship and public policy will find this volume a valuable tool in understanding the latest research in regional economic development.
Book Synopsis Economic Integration and Endogenous Growth by : Luis Rivera-Batiz
Download or read book Economic Integration and Endogenous Growth written by Luis Rivera-Batiz and published by . This book was released on 1990 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models with different specifications of the research and development sector that is the source of growth. Either form of integration can increase the long-run rate of growth if it encourages the worldwide exploitation of increasing returns to scale in the research and development sector.
Book Synopsis Entrepreneurship, Human Capital, and Regional Development by : Rui Baptista
Download or read book Entrepreneurship, Human Capital, and Regional Development written by Rui Baptista and published by Springer. This book was released on 2015-01-14 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes original contributions to the literature on clusters, human capital, and regional development by focusing on the link between entrepreneurship and economic growth, aiming for a better understanding of the dynamics of growth determined by the entrepreneur’s action in the regional space. The focus is therefore on critical reflection and rethinking the articulation between three levels of analysis of economic systems, namely entrepreneurship, human capital and regional development, which have not so far been perfectly articulated in the literature of reference on endogenous growth. Although there has been significant research so far into the success and failure of clusters, the implications of these multiple research efforts fail to provide political decision-makers and company managers with critical information about which mechanisms lie behind cluster success and also about how clusters survive and prosper. The innovative approaches presented in this book on entrepreneurship, human capital mobility and regional development have considerable potential to create new and original implications for decision-makers and managers. In terms of value added, this book contributes to the literature by seeking answers to the following questions: (i) Is the growth and success of clusters over time due to concentration and transmission of business competences through spin-offs located in a given regional space? (ii) Does increased density of job options outside the workplace contribute to increased mobility of human capital between firms located within clusters, and so improve coordination in the local labor market? (iii) Do spin-offs benefit from hiring workers from successful incumbents, inasmuch as those workers are expected to perform better than other workers from different origins? Integrating theoretical frameworks, empirical research, and regional case studies (from Portugal, Spain, Norway and Turkey), the editors and contributors demonstrate that the regional dynamics of industry growth are strongly influenced by the mobility of employees towards new firms.
Book Synopsis Strategic Coupling by : Henry Wai-chung Yeung
Download or read book Strategic Coupling written by Henry Wai-chung Yeung and published by Cornell University Press. This book was released on 2016-05-24 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Strategic Coupling, Henry Wai-chung Yeung examines economic development and state-firm relations in East Asia, focusing in particular on South Korea, Taiwan, and Singapore. As a result of the massive changes of the last twenty-five years, new explanations must be found for the economic success and industrial transformation in the region. State-assisted startups and incubator firms in East Asia have become major players in the manufacture of products with a global reach: Taiwan’s Hon Hai Precision has assembled more than 500 million iPhones, for instance, and South Korea’s Samsung provides the iPhone’s semiconductor chips and retina displays. Drawing on extensive interviews with top executives and senior government officials, Yeung argues that since the late 1980s, many East Asian firms have outgrown their home states, and are no longer dependent on state support; as a result the developmental state has lost much of its capacity to steer and direct industrialization. We cannot read the performance of national firms as a direct outcome of state action. Yeung calls for a thorough renovation of the still-dominant view that states are the primary engine of industrial transformation. He stresses action by national firms and traces various global production networks to incorporate both firm-specific activities and the international political economy. He identifies two sets of dynamics in these national-global articulations known as strategic coupling: coevolution in the confluence of state, firm, and global production networks, and the various strategies pursued by East Asian firms to attain competitive positions in the global marketplace.
Book Synopsis Endogenous Growth with Capital in R&D Production Functions by : Fernando Sánchez Losada
Download or read book Endogenous Growth with Capital in R&D Production Functions written by Fernando Sánchez Losada and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we claim that capital is as important in the production of ideas as in the production of final goods. Hence, we introduce capital in the production of knowledge and discuss the associated problems arising from the public good nature of knowledge. We show that although population growth can affect economic growth, it is not necessary for growth to arise. We derive both the social planner and the decentralized economy growth rates and show the optimal subsidy that decentralizes it. We also show numerically that the effects of population growth on the market growth rate, the optimal growth rate and the optimal subsidy are small. Besides, we find that physical capital is more important for the production of knowledge than for the production of goods.
Book Synopsis Lecture Notes on Economic Growth (II) by : Xavier Sala-i-Martin
Download or read book Lecture Notes on Economic Growth (II) written by Xavier Sala-i-Martin and published by . This book was released on 1990 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the five simplest models of endogenous growth. We start with the AK model (Rebelo (1990)) and argue that all endogenous growth models can be viewed as variations or microfoundations of it. We then examine the Barro (1990) model of government spending and growth. Next we look at the Arrow-Sheshinskj-Romer model of learning by doing and externalities. The Lucas (1988) model of human capital accumulation is then considered. Finally, we present a simple model of R & D and growth.
