Generalized barriers to entry and economic development

Pyka, Andreas; Saviotti, Pier Paolo

Generalized barriers to entry and economic development

dc.contributor.author	Pyka, Andreas	de
dc.contributor.author	Saviotti, Pier Paolo	de
dc.date.accessioned	2024-04-08T08:42:26Z
dc.date.available	2024-04-08T08:42:26Z
dc.date.created	2009-06-22
dc.date.issued	2009
dc.description.abstract	In this paper we are going to analyze the dynamics of barriers to entry at the international level. In our model economic development takes place and continues in the long run due to the emergence of new sectors, which can compensate for the diminishing ability of mature sectors to create employment and growth. Each new sector is created by a pervasive innovation, which creates a new market and into and out of which there are entry and exit of firms. Depending on the inter-temporal coordination of the maturation of older sectors and of the maturation of new ones our model can give rise to development paths with growth rates ranging from high to negative, to fluctuations, to bubbles and to chaos. In the construction of our model we found inspiration in a number of growth models, both endogenous and evolutionary as well as on empirical work on structural change. The model also bears some similarity of style to history friendly models. Its unique feature is that it gives rise to an endogenously variable number of sectors. Unless new sectors are exact substitutes of older ones the model gives rise to growing variety. In fact, the main objective for which the model was initially constructed was to test some propositions implying that variety growth is a necessary requirement for long term economic development. Within our model the ability to create new sectors at the right times is the crucial determinant of the growth potential of an economic system. Thus, inter country differences in the barriers to entry into new sectors can be expected to give rise to different rates of growth and in the end to increasingly skewed world income distribution.	en
dc.identifier.swb	307720101
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5251
dc.identifier.urn	urn:nbn:de:bsz:100-opus-3614
dc.language.iso	eng
dc.relation.ispartofseries	FZID discussion papers; 03
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Technological change	en
dc.subject	Economic development	en
dc.subject	Economic variety	en
dc.subject	Entry barriers	en
dc.subject.ddc	330
dc.subject.gnd	Wirtschaftsentwicklung	de
dc.subject.gnd	Marktzugangsbeschränkung	de
dc.title	Generalized barriers to entry and economic development	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.faculty.number	7	de
local.institute.number	520alt	de
local.institute.number	795	de
local.opus.number	361
local.series.issueNumber	03
local.series.title	FZID discussion papers
local.university	Universität Hohenheim	de
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.faculty	Landesanstalten	de
local.university.institute	Institut für Volkswirtschaftslehre (bis 2010)	de
local.university.institute	Forschungszentrum Innovation und Dienstleistung	de

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