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Endogenous Structural Change

Author

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  • Mark Roberts

    (University of Cambridge, UK)

Abstract

A model of cumulative causation is extended to incorporate endogenous structural change. This is achieved via the use of a non-linear feedback of the growth rate on to the income elasticity of demand for exports. The result is a model that, under certain conditions, exhibits chaotic switches between growth eras. Such dynamics are in keeping with the view of the growth process that emerges from the Marx-Myrdal-Kaldor tradition.

Suggested Citation

  • Mark Roberts, 2001. "Endogenous Structural Change," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 4(2), pages 1-22, November.
    • Handle: RePEc:zag:zirebs:v:4:y:2001:i:2:p:1-22
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    More about this item

    Keywords

    Growth; Cumulative causation; Non-linear dynamics; Chaos theory;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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