Work

Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey.

Year: 2003

Type: preprint

Abstract: This paper aims to propose an approach to endogeneous growth considering the relationship between macro-dynamics and technical change. We draw upon two stream of literature: Cumulative causation and its macroscopic view of economic dynamics, and Evo-lutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representation of the growth process and identifies the possible bridges between these two approaches. Our claim is that merging these two distinct theories might offer a framework to consider the co-evolution of macro-dynamics and technical change.

Source: RePEc: Research Papers in Economics

Authors: Llerena, Patrick, Lorentz, Andre

Institutions: Bureau d'Economie Théorique et Appliquée, Scuola Superiore Sant'Anna

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2156810914

Cites: 31

Cited by: 8

Related to: 10