Working Paper Series
Dynamic Micro-Macro Market Coordination and Technical Change
Abstract: This paper discusses the nature of macro productivity
change from the perspective of a Schumpeterian micro-to-macro (M-M) model.
It emphasizes the dynamics of resource allocation through markets (firms)
where agents are both price and quantity setters. We find that the
organization of market processes (the market regime) is important for the
rate of total factor productivity change at aggregate levels . This is
especially so when relative prices are shifty as a consequence of the
ongoing market process and markets, notably the capital markets, are in
Keywords: Role of goverment; macro productivity; micro-to-macro model; technological change; (follow links to similar papers)
JEL-Codes: E61; H11; O40; (follow links to similar papers)
61 pages, May 1985
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom