Endogenous Growth through Selection and Imitation

dc.contributor.author	GABLER, Alain
dc.contributor.author	LICANDRO, Omar
dc.date.accessioned	2007-10-22T16:14:21Z
dc.date.available	2007-10-22T16:14:21Z
dc.date.issued	2007
dc.description.abstract	A simple dynamic general equilibrium model is set up in which firms face idiosyncratic productivity shocks. Firms whose productivity has fallen too low exit, and entrants try to imitate the best practice of existing firms, so that the expected productivity of entering firms is a function of current av- erage productivity. Because of the resulting selection and imitation process, aggregate productivity grows endogenously. When calibrated to U.S. data, the model suggests that around one-fifth of productivity growth is due to such a selection and imitation effect.	en
dc.format.mimetype	application/pdf
dc.identifier.issn	1725-6704
dc.identifier.uri	https://hdl.handle.net/1814/7166
dc.language.iso	en	en
dc.neeo.contributor	GABLER\|Alain\|aut\|
dc.neeo.contributor	LICANDRO\|Omar\|aut\|EUI70006
dc.publisher	European University Institute
dc.relation.ispartofseries	EUI ECO	en
dc.relation.ispartofseries	2007/26	en
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	B52	en
dc.subject	O3	en
dc.subject	O41	en
dc.subject	Endogenous growth	en
dc.subject	Selection	en
dc.subject	Imitation	en
dc.subject	Firm entry and exit	en
dc.title	Endogenous Growth through Selection and Imitation	en
dc.type	Working Paper	en
dspace.entity.type	Publication
eui.subscribe.skip	true