INFRASTRUCTURE, RESTRICTED FACTOR SUBSTITUTION AND ECONOMIC-GROWTH

被引:4
作者
DAY, RH
ZOU, G
机构
[1] Department of Economics, University of Southern California, Los Angeles
关键词
ECONOMIC GROWTH; DEVELOPMENT; COMPLEX DYNAMICS; ECONOMIC EVOLUTION;
D O I
10.1016/0167-2681(94)90064-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
We show how infrastructural capital and labor requirements lead to restricted factor substitution and to fluctuating growth trajectories that are inefficient but which allow for jumps to 'more advanced' regimes. The theory is used to mimic evident phase transitions in the Swedish economy.
引用
收藏
页码:149 / 166
页数:18
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