کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5098988 | 1376975 | 2012 | 18 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Progressive services, asymptotically stagnant services, and manufacturing: Growth and structural change
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Progressive services, asymptotically stagnant services, and manufacturing: Growth and structural change Progressive services, asymptotically stagnant services, and manufacturing: Growth and structural change](/preview/png/5098988.png)
چکیده انگلیسی
We present a model of structural change which, distinctively, sub-divides services (S) into 'Progressive Services' (PS) and 'Asymptotically Stagnant Services' (AS), to better reflect the advent of the New Economy. A manufacturing (M) sector is also included, and non-homothetic preferences assumed. An expanding-product-variety endogenous-growth framework is adopted, and partially overlapping input sets across the three (sub-)sectors assumed. The model endogenously generates different stages of growth: services which in due course become classified as progressive first overtake AS, and then M, in innovation-driven productivity growth, consistent with post-World-War-II US experience. The socially optimal growth pattern differs qualitatively from the private, and optimal, time-varying R&D subsidies are identified.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 36, Issue 9, September 2012, Pages 1322-1339
Journal: Journal of Economic Dynamics and Control - Volume 36, Issue 9, September 2012, Pages 1322-1339
نویسندگان
Basant K. Kapur,