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Zagreb International Review of Economics & Business, Vol. 4 No. 2, 2001.

Original scientific paper

Endogenous Structural Change

Mark Roberts ; University of Cambridge, Cambridge, UK

Full text: english pdf 1.047 Kb

page 1-22

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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.

Keywords

growth; cumulative causation; non-linear dynamics, chaos theory

Hrčak ID:

34730

URI

https://hrcak.srce.hr/34730

Publication date:

1.11.2001.

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