Author: Jakub Growiec
Publisher: Presses univ. de Louvain
ISBN: 9782874630859
Category : Business & Economics
Languages : en
Pages : 192
Get Book Here
Book Description
This thesis covers a broad range of topics in the general area of economic growth theory and economics of technological change. It is primarily about the ultimate sources of growth and its ultimate limitations. We scrutinize the implications of several specifications of long-run growth “engines” found in the theoretical literature and put forward their generalizations and extensions. At the highest level of generality, we provide a formal proof that balanced (i.e. exponential) growth requires knife-edge assumptions which cannot be satisfied by typical values of model parameters. This result implies that at least one such knife-edge assumption must be made if a given model is supposed to deliver balanced growth over the long run. Next, we deal with the issue of resource-based limits to long-run growth. We propose to promote technological progress which would improve the substitutability between non-renewable and renewable resources: if the elasticity of substitution between the two kinds of resources exceeds unity, production will not fall down to zero even after the non-renewable resources will have been completely depleted. Another question asked is whether it is plausible that R&D-based growth, fueled by steady increases in the world’s population, can be extended into indefinite time. We answer this question by introducing endogenous fertility choice, with population entering the utility functional multiplicatively, into an R&D-based semi-endogenous growth model. The next issue addressed here are the idea-based microfoundations of aggregate production functions. We discuss the correspondence between the shape of production functions, the direction of technical change, and the possibility of sustained endogenous growth. A broad class of production functions, nesting both the Cobb-Douglas and the CES function, is derived. Finally, we discuss the impact of the heterogeneity of innovations on long-run economic dynamics: we augment the semi-endogenous growth model with a distinction between radical and incremental innovations. Total R&D output is assumed to depend on technological opportunity which is depleted by incremental innovations but renewed by radical innovations. The dynamic interplay of the arrivals of the two types of innovations is shown to give rise to transitional oscillations.
Author: Faruk Ashraf Khan
Publisher:
ISBN:
Category : International trade
Languages : en
Pages : 260
Get Book Here
Book Description
Author: Jan Fagerberg
Publisher: Edward Elgar Publishing
ISBN: 1788110269
Category : Business & Economics
Languages : en
Pages : 431
Get Book Here
Book Description
This authoritative and enlightening book focuses on fundamental questions such as what is innovation, who is it relevant for, what are the effects, and what is the role of (innovation) policy in supporting innovation-diffusion? The first two sections present a comprehensive overview of our current knowledge on the phenomenon and analyse how this knowledge (and the scholarly community underpinning it) has evolved towards its present state. The third part explores the role of innovation for growth and development, while section four is concerned with the national innovation system and the role of (innovation) policy in influencing its dynamics and responding to the important challenges facing contemporary societies.
Author: Paul A. David
Publisher: Cambridge University Press
ISBN: 9780521098755
Category : Business & Economics
Languages : en
Pages : 350
Get Book Here
Book Description
Monograph on historical experiences of technological change, Innovation and economic growth in the USA and the UK during the 1800's - covers agricultural mechanization, industrial development and infrastructure change, etc. Bibliography pp. 315 to 324, graphs, references and statistical tables.
Author: Orio Giarini
Publisher: Pergamon
ISBN:
Category : Business & Economics
Languages : en
Pages : 140
Get Book Here
Book Description
Monograph on the internal limits and trends of economic growth deriving from the diminishing investment returns of technology - following an outline of historical links between economic growth and technological change (esp. In times of economic recession), examines the production function and other aspects of economic theory (incl. Productivity and efficiency) regarding innovations in technology, and includes considerations on the future of postindustrial society. Bibliography after each chapter, diagrams, graphs and statistical tables.
Author: Moses Abramovitz
Publisher: Cambridge University Press
ISBN: 0521333962
Category : Business & Economics
Languages : en
Pages : 398
Get Book Here
Book Description
The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.
Author: Cheng Cheng
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Timothy Guinnane
Publisher: Stanford University Press
ISBN: 0804766932
Category : Business & Economics
Languages : en
Pages : 528
Get Book Here
Book Description
Combining theoretical work with careful historical description and analysis of new data sources, History Matters makes a strong case for a more historical approach to economics, both by argument and by example. Seventeen original essays, written by distinguished economists and economic historians, use economic theory and historical cases to explore how and why "history matters." The chapters, which range in subject matter from the economic theory of irreversible investment to the nineteenth-century decline in U.S. rural fertility to the English poor law reform, are unified by three themes. The first explores the significance, causes, and consequences of path dependence in the evolution of technology and institutions. The second relates to the ways in which economic and political behavior are profoundly shaped and constrained by the cultural and political context inherited from history at a particular point in time. The final theme demonstrates the importance of integrating economic theory into historical research in the gathering and interpretation of data.
Author: Jan Fagerberg
Publisher: Edward Elgar Publishing
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 332
Get Book Here
Book Description
Fagerberg's (economics, U. of Oslo) research project investigating why some countries succeed much better than others in generating growth and competitiveness, was suppose to run from 1983 to 1986, but refused to go away. Some of the 16 reproduced essays were published in 1987, some were part of his 1988 Ph.D. dissertation for the University of Sussex, and some have appeared as late as 2000. Together they represent a more complete analysis of the relationship between technology, growth, and competitiveness than he has attempted before. Each can be read separately. There is no subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Lone Engbo Christiansen
Publisher:
ISBN:
Category :
Languages : en
Pages : 178
Get Book Here
Book Description
Technological progress is one of the main driving forces behind economic growth but how it affects the economy initially is not well understood. This dissertation contains three chapters that examine technological progress and productivity from different angles. They are all motivated by the need for better understanding the economic fluctuations that are observed in the data.
