Endogenous growth in production networks - Université Paris 1 Panthéon-Sorbonne Accéder directement au contenu
Article Dans Une Revue Journal of Evolutionary Economics Année : 2019

Endogenous growth in production networks

Résumé

We investigate the interplay between technological change and macro- economic dynamics in an agent-based model of the formation of production networks. On the one hand, production networks form the structure that determines economic dynamics in the short run. On the other hand, their evolution reflects the long-term impacts of competition and innovation on the economy. We account for process innovation via increasing variety in the input mix and hence increasing connectivity in the network. In turn, product innovation induces a direct growth of the firm’s productivity and the potential destruction of links. The interplay between both processes generates complex technological dynamics in which phases of process and product innovation successively dominate. The model reproduces a wealth of stylized facts about industrial dynamics and technological progress, in particular the persistence of heterogeneity among firms and Wright’s law for the growth of productivity within a technological paradigm. We illustrate the potential of the model for the analysis of industrial policy via a preliminary set of policy experiments in which we investigate the impact on innovators’ success of feed-in tariffs and of priority market access.

Dates et versions

halshs-01905998 , version 1 (26-10-2018)

Identifiants

Citer

Stanislao Gualdi, Antoine Mandel. Endogenous growth in production networks. Journal of Evolutionary Economics, 2019, 29, pp.91-117. ⟨10.1007/s00191-018-0552-x⟩. ⟨halshs-01905998⟩
106 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More