English, Article, Journal or magazine article edition: A Theory of Entry and Exit with Embodied Rate of Technical Change Roberto M Samaniego

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Bookmark: http://trove.nla.gov.au/version/30488
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Theory of Entry and Exit with Embodied Rate of Technical Change
Author
  • Roberto M Samaniego
Physical Description
  • preprint
Notes
  • The paper presents a vintage capital model that is consistent with the the relationship between the rate of embodied technical change and the rate of entry and exit across industries. In the model, the costs imposed by the regulation of entry may bias the sectoral composition of an economy towards industries in which the rate of technical change is low -- an effect termed technological skew. This prediction matches the empirical relationship between institutional entry costs and several indicators of sectoral composition across industrialized economies
  • Entry, exit, embodied technical change, regulation of entry, sectoral composition, technological skew, information technology, services.
  • RePEc:red:sed006:765
Language
  • English
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