Evolutionary micro-dynamics and changes in the economic structure

André Lorentz (1, 2) , Maria Savona (3, 2)

1 Max Planck Institute of Economics
2 BETA - Bureau d'Économie Théorique et Appliquée
3 Université de Lille, Sciences Humaines et Sociales

The paper aims to account for the empirical stylized facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro-founded structural change is developed, which formalizes the role of technical change and changes in intermediate demand as they affect the evolution of the sectoral composition of the economy and macro-economic growth. The simulated results are based on the use of the actual data, including Input-Output coefficients in the case of Germany. Three scenarios are identified, which account for the effects of a set of key parameters on changes in the structure of the economy.

Mots clés: Economic growth; Structural change; Growth of services; Evolutionary micro–foundation; Input–output

Domaines: Economies et finances

André Lorentz, Maria Savona. Evolutionary micro-dynamics and changes in the economic structure. Journal of Evolutionary Economics, 2008, 18 (3-4), pp.389-412. ⟨10.1007/s00191-008-0096-6⟩. ⟨hal-03192311v2⟩