Production Complexity, Adaptability and Economic Growth
(2015)
Journal Article
Ferrarini, B., & Scaramozzino, P. (2016). Production Complexity, Adaptability and Economic Growth. Structural Change and Economic Dynamics, 37, 52-61. https://doi.org/10.1016/j.strueco.2015.12.001
This paper analyzes the impact of production complexity and its adaptability on the level of output and on its rate of growth. We develop an endogenous growth model where increased complexity raises the rate of economic growth but has an ambiguous ef... Read More about Production Complexity, Adaptability and Economic Growth.