The theory of technological change and economic growth

Author(s)

Bibliographic Information

The theory of technological change and economic growth

Stanislaw Gomulka

Routledge, 1990

  • :
  • : pbk

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Note

Bibliography: p. 233-255

Includes index

Description and Table of Contents

Volume

: ISBN 9780415036924

Description

The last two centuries have witnessed intense and sustained technological progress, but it has not affected all areas equally. This book surveys the numerous theories of technological change that have emerged in an attempt to provide a unified theoretical framework for interpreting the large variations in innovative behaviour that exist between enterprises and whole economies. Innovation is first considered at the micro level, and its impact at the scale of an individual enterprize is analyzed. Technological change is shown to be sensitive to both cultural and institutional forces. Countries such as the United Kingdom, Japan and the Soviet Union have had very different experiences of technological change and this has been reflected in variations of their rates of economic growth at different times. The ability of various economic theories to explain this becomes the key theme for the second half of the book. All the major theories relating technological change and economic growth, including those of Kuznets, Phelps, Kaldor and Hicks, are canvassed, but throughout the emphasis is on providing a unified theoretical framework to help explain the impact of technological progress on both a macro and micro scale.

Table of Contents

  • Part 1 Microeconomics of invention, innovation and diffusion: preliminary concepts and relations
  • inventive activity - distinct characteristics of nature and size
  • major time-trends and cross-sectional tendencies
  • stylized facts
  • market structure, rivalry and innovation
  • behavioural and evolutionary versus neo-classical theory of technical choice and innovation
  • innovation diffusion-theory and evidence
  • the behaviour and innovation characteristics in centrally managed economies. Part 2 Macroeconomics of innovation, technology transfer and growth: innovative biases, factor substitution and the measurement of technological change - definitions and theory
  • variation of innovation rates among countries and over time - the (first) hat-shape relationship
  • technological revolutions as an innovation superwave in the technology frontier area
  • evidence and microeconomics of the international technology transfer
  • macrotheories and evidence of international technology transfer
  • innovation rate and change of economic systems - a grand senario.
Volume

: pbk ISBN 9780415052382

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.

Table of Contents

  • Part I: Microeconomics of Invention, Innovation and Diffusion 1. Preliminary Concepts and Relations 2. Incentive Activity: Distinct Characteristics of Nature and Size 3. Major Time-Trends and Cross-Sectional Tendencies
  • Stylised Facts 4. Market Structure, Rivalry and Innovation 5. Behavioural and Evolutionary Versus Neoclassical Theory of Technical Choice and Innovation 6. Innovation Diffusion: Theory and Evidence 7. The Behaviour and Innovation Characteristics in Centrally Managed Economies Part II: Macroeconomics of Innovation, Technology Transfer and Growth 8. Innovative Biases, Factor Substitution, and the Measurement of Technological Change: Definitions and Theory 9. Variation of Innovation Rates among Countries and Over Time: The (First) Hat-Shape Relationship 10. Technological Revolutions as an Innovation Superwave in the Technology Frontier Area 11. Evidence and Macroeconomics of the International Technology Transfer 12. Macrotheories and Evidence of International Technology Transfer 13. Innovation Rate and Change of Economic Systems: A Grand Scenario 14. Bibliography

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