| Format du dépôt |
Fichier |
| Type de dépôt |
Autre publication scientifique |
| Titre |
en
The Market Size Effect in Endogenous Growth Reconsidered
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| Résumé |
en
This paper aims at disentangling two effects of the labor supply size on long-run growth that are traditionally undistinguishable under preference homotheticity: a scale effect, and a market size effect. To reach this goal, we present two horizontal-innovation models of endogenous growth with non-homothetic preferences. We demonstrate in particular that in such set-ups, keeping the economy's total effective labor supply constant, a "richer" country (i.e., with higher labor productivity and a smaller labor force) grows faster than a "poorer" country (i.e., with lower labor productivity and a larger labor force), leading the two countries to diverge.
|
|
Auteur(s)
|
Hélène Latzer
1, 2
, Kiminori Matsuyama
3
, Mathieu Parenti
4
1
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
-
Université Paris 1 Panthéon-Sorbonne UMR8174 ( 7550 )
;
-
Centre National de la Recherche Scientifique UMR8174 ( 441569 )
2
CEREC -
Centre de recherche en économie
( 235705 )
- 43 Boulevard du Jardin Botanique, B-1000 Bruxelles
- Belgique
-
Université Saint-Louis - Bruxelles ( 356779 )
3
Northwestern University [Evanston]
( 133711 )
- 633 Clark Street, Evanston, IL 60208 Evanston
- États-Unis
4
ULB -
Université libre de Bruxelles
( 303388 )
- Avenue Franklin Roosevelt 50 - 1050 Bruxelles
- Belgique
|
| Langue du document |
Anglais
|
| Vulgarisation |
Non
|
| Date de publication |
2018-10
|
| Description |
Documents de travail du Centre d'Economie de la Sorbonne 2018.32 - ISSN : 1955-611X
|
| Commentaire |
| Domaine(s) |
-
Sciences de l'Homme et Société/Economies et finances
|
| Mots-clés (JEL) |
-
O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O11 - Macroeconomic Analyses of Economic Development
-
O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O31 - Innovation and Invention: Processes and Incentives
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O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O33 - Technological Change: Choices and Consequences • Diffusion Processes
|
| Mots-clés |
en
Divergence, Horizontal Innovation, Knowledge Spillover, Endogenous Growth, Balanced Growth Path, Variable price elasticity, Endogenous Markup, Nonhomotheticity, Direct Explicit Additivity, Indirect Explicit Additivity
|
