The Theory of Technological Change and Economic Growth

The Theory of Technological Change and Economic Growth PDF Author: Dr Stanislaw Gomulka
Publisher: Routledge
ISBN: 1134940696
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
In this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps, but throughout the emphasis is on the creation of a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.

The Theory of Technological Change and Economic Growth

The Theory of Technological Change and Economic Growth PDF Author: Dr Stanislaw Gomulka
Publisher: Routledge
ISBN: 1134940696
Category : Business & Economics
Languages : en
Pages : 263

Get Book Here

Book Description
In this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps, but throughout the emphasis is on the creation of a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.

Economics and Technological Change

Economics and Technological Change PDF Author: Rod Coombs
Publisher: Rowman & Littlefield
ISBN: 9780847675463
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector.

New Perspectives on Economic Growth and Technological Innovation

New Perspectives on Economic Growth and Technological Innovation PDF Author: F. M. Scherer
Publisher: Brookings Institution Press
ISBN: 9780815796534
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
A Brookings Institution Press and British-North American Committee publication Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century.

Paths of Innovation

Paths of Innovation PDF Author: David C. Mowery
Publisher: Cambridge University Press
ISBN: 9780521646536
Category : Business & Economics
Languages : en
Pages : 228

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Book Description
In 1903 the Wright brothers' airplane travelled a couple of hundred yards. Today fleets of streamlined jets transport millions of people each day to cities worldwide. Between discovery and application, between invention and widespread use, there is a world of innovation, of tinkering, improvement and adaptation. This is the world David Mowery and Nathan Rosenberg map out in Paths of Innovation, a tour of the intersecting routes of technological change. Throughout their book, Mowery and Rosenberg demonstrate that the simultaneous emergence of new engineering and applied science disciplines in the universities, in tandem with growth in the Research and Development industry and scientific research, has been a primary factor in the rapid rate of technological change. Innovation and incentives to develop new, viable processes have led to the creation of new economic resources - which will determine the future of technological innovation and economic growth.

Economic Models of Technological Change

Economic Models of Technological Change PDF Author: Rajeev K. Goel
Publisher: Greenwood Publishing Group
ISBN: 1567202128
Category :
Languages : en
Pages : 0

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Book Description


Localised Technological Change

Localised Technological Change PDF Author: Cristiano Antonelli
Publisher: Routledge
ISBN: 1134091184
Category : Business & Economics
Languages : en
Pages : 424

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Book Description
Pt. 1. The ingredients -- pt. 2. The governance of localised technological knowledge -- pt. 3. The introduction of localised technological change.

Technology and the Pursuit of Economic Growth

Technology and the Pursuit of Economic Growth PDF Author: David C. Mowery
Publisher: Cambridge University Press
ISBN: 9780521389365
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
Technology's contribution to economic growth and competitiveness has been the subject of vigorous debate in recent years. This book demonstrates the importance of a historical perspective in understanding the role of technological innovation in the economy. The authors examine key episodes and institutions in the development of the U.S. research system and in the development of the research systems of other industrial economies. They argue that the large potential contributions of economics to the understanding of technology and economic growth have been constrained by the narrow theoretical framework employed within neoclassical economies. A richer framework, they believe, will support a more fruitful dialogue among economists, policymakers, and managers on the organization of public and private institutions for innovation. David Mowery is Associate Professor of Business and Public Policy at the School of Business Administration, University of California, Berkeley. Nathan S. Rosenberg is Fairleigh Dickinson Professor of Economics at Stanford University. He is the author of Inside the Black Box: Technology and Economics (CUP, 1983).

Entrepreneurship, Innovation, and Technological Change

Entrepreneurship, Innovation, and Technological Change PDF Author: Zoltán J. Ács
Publisher: Now Publishers Inc
ISBN: 1933019182
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
Entrepreneurship, Innovation and Technological Change links the prevalent theory from the entrepreneurship literature concerning opportunity recognition and exploitation to economic theory, in particular the model of the knowledge production function.

Invention, Growth, and Welfare

Invention, Growth, and Welfare PDF Author: William D. Nordhaus
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 168

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Book Description


Economic Transformations

Economic Transformations PDF Author: Richard G. Lipsey
Publisher: OUP Oxford
ISBN: 9780191558092
Category : Business & Economics
Languages : en
Pages : 636

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Book Description
This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. Early modern science is given more importance than in most other treatments and the 19th century demographic revolution is studied with a combination of formal models of population dynamics and historical analysis. The authors argue that once sustained growth was established in the West, formal models can shed much light on its subsequent behaviour. They build non-conventional, dynamic, non-stationary equilibrium models of GPT-driven growth that incorporate a range of phenomena that their historical studies show to be important but which are excluded from other GPT models in the interests of analytical tractability. The book concludes with a study of the policy implications that follow from their unique approach.