| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1016/j.strueco.2016.04.006 |
| ISBN | 0954-349X |
| The complex interactions between economic growth and market concentration in a model of structural change. | |
| Ciarli, Tommaso; Valente, Marco | |
| 发表日期 | 2016-09-01 |
| 出处 | Structural Change and Economic Dynamics |
| 出版者 | Elsevier |
| 出版年 | 2016 |
| 页码 | 38-54 |
| 语种 | 英语 |
| 摘要 | We study the relation between variety, market concentration, and economic growth, along different phases of economic development which entail a number of changes to the structure of production and consumption in the economy. We focus on three aspects of structural change, which are connected and are correlated to variety, market concentration, and economic growth: (i) product quality; (ii) firms' mark-ups; and (iii) imitation of consumer preferences for price and quality. We model the interactions among several aspects of structural change such as firm size and hierarchical structure, innovation in capital vintages, the emergence of social classes, income distribution, and consumer preferences across and within classes. We find that market concentration has a significant and positive impact on economic growth only in the presence of sufficiently large demand. The strongest effects emerge in the presence of a more skewed firm size distribution and firms producing higher priced and higher quality goods. We find also that this effect is influenced strongly by different aspects of structural change. Changes in the behaviour (or income) of the less wealthy income classes is crucial as is investment in new capital vintages, and the emergence of diverse income classes with heterogeneous consumption preferences. In contrast, we find that supply side product variety, cœteris paribus, has no significant effect on growth. |
| 特色分类 | HB Economic theory. Demography$HB0071 Economics as a science. Relation to other subjects |
| 关键词 | Economic growth, Structural change, Market concentration, Consumer dynamics, Product variety, Agent based simulations |
| URL | http://sro.sussex.ac.uk/id/eprint/61856/ |
| 来源智库 | Science Policy Research Unit (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/468766 |
| 推荐引用方式 GB/T 7714 | Ciarli, Tommaso,Valente, Marco. The complex interactions between economic growth and market concentration in a model of structural change.. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| DevComp03Edited.pdf（2049KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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