Economic development by the creation of new sectors
- The basic theme underlying this paper is qualitative change taking place during economic development. These changes in the composition of the economic system should become one of the most important variables in models of economic growth and development. Our knowledge of the relationship between economic development and qualitative change, however, is still very limited. This paper attempts to shed light on some important aspects of the role played by qualitative change in economic development, by laying the foundations of a model in which changes in the composition of the economic system are endogenously generated by the evolution of the system itself and, in turn, affect its future development. To put it shortly, we can say that economic development is a process in which new activities emerge, old ones disappear, the weight of all economic activities and their patterns of interaction change.
| Author: | Andreas PykaORCiDGND, Paolo Saviotti |
|---|---|
| URN: | urn:nbn:de:bvb:384-opus4-712419 |
| Frontdoor URL | https://opus.bibliothek.uni-augsburg.de/opus4/71241 |
| Series (Serial Number): | Volkswirtschaftliche Diskussionsreihe (220) |
| Publisher: | Volkswirtschaftliches Institut, Universität Augsburg |
| Place of publication: | Augsburg |
| Type: | Working Paper |
| Language: | English |
| Year of first Publication: | 2002 |
| Publishing Institution: | Universität Augsburg |
| Release Date: | 2020/02/26 |
| Tag: | JEL: O0, O12, O30 |
| Pagenumber: | 28 |
| Note: | Auch erschienen in: Journal of evolutionary economics. 14. 2004. S. 1-36 |
| Institutes: | Wirtschaftswissenschaftliche Fakultät |
| Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Journals: | Volkswirtschaftliche Diskussionsreihe |
| Licence (German): |  Deutsches Urheberrecht |
