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      <record key="001" att1="001" value="LIB90991980X" att2="LIB90991980X">001   LIB90991980X</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-40.pdf</field>
      <field key="079" subkey="z">Matsuyama, Kiminori, Growing Through Cycles (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/40.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 40 (RePEc)</field>
      <field key="100" subkey="">Matsuyama, Kiminori</field>
      <field key="103" subkey="">Department of Economics, Northwestern University</field>
      <field key="331" subkey="">Growing Through Cycles</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1996, December</field>
      <field key="433" subkey="">35 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 40</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Helmenstein, Christian (Ed.) ; Riedl, Arno (Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="544" subkey="">IHSES 40</field>
      <field key="700" subkey="">O31</field>
      <field key="700" subkey="">E22</field>
      <field key="700" subkey="">E32</field>
      <field key="720" subkey="">Endogenous Growth</field>
      <field key="720" subkey="">Endogenous Fluctuations</field>
      <field key="720" subkey="">Global Analysis of Nonlinear Dynamical Systems</field>
      <field key="753" subkey="">Abstract: This paper presents models of growth, which put the neoclassical and neo-Schumpetarian growth models in a unified</field>
      <field key="fra" subkey="m">ework. In doing so, it is argued that these two views of growth, one based on factor accumulation and the other based on</field>
      <field key="inn" subkey="o">vation, are complementary in that they may capture different phases of a single growth experience. It is shown that, under an</field>
      <field key="emp" subkey="i">rically plausible condition, the economy achieves sustainable growth through cycles, perpetually moving back and forth</field>
      <field key="bet" subkey="w">een two phases. One phase is characterized by higher output growth, higher investment, no innovation and a competitive market</field>
      <field key="str" subkey="u">cture. The other phase is characterized by lower output growth, lower investment, high innovation, and a more monopolistic</field>
      <field key="mar" subkey="k">et structure. Both investment and innovation are essential in sustaining growth indefinitely, and yet the only one of them</field>
      <field key="app" subkey="e">ars to play a dominant role in each phase.;</field>
    </SEQUENTIAL>
  </section>