This paper shows that there have been important changes in how the global economic system works. A high growth regime has gradually been substituted by one of low growth. This change appears to be especially pronounced for small economies. Until the end of the 1980s the scope for technological...

John Cornwall built his analysis of Modern Capitalism on a combination of two strands of thought; the Schumpeter-Svennilson view of capitalist development as a process of qualitative change driven by innovation and diffusion of technology, and the Kaldorian idea of static and dynamic economies...

We start by laying out some stylized facts on regional growth in Europe from 1960 onwards (Section 2). On this basis we proceed in Section 3 to an econometric analysis on how these facts can be explained, allowing for a broad range of causal factors as well as the possibility that the dynamics...

During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and “evolutionary” ideas in economics more generally. A professional society honouring Schumpeter’s name has been founded, and linked to it we have had for more than fifteen years now a...

This paper contains a discussion and test of the technology gap approach to development and growth. The basic hypotheses of the theory are tested on pooled cross-sectional and time-series data for 25 industrial countries for the period 1960-1983. The sample includes, in addition to 19 OECD...

“Technology” and “competitiveness” are two of the most popular buzz-words of our time. Increasingly policy makers on both sides of the Atlantic link the two. But what do we really mean when we talk about the international competitiveness of a country? And what does technology have to do...

This paper focuses on the structural changes in OECD trade between 1961 and 1983. It is shown that trade in R&D- intensive products, based on relatively recent innovations, grew much faster than trade in other products. This caused the structure of OECD trade to change in a way most favorable...

This paper contains an overview and interpretation of the literature on economic growth. It is argued that, first and foremost, growth theory is about vision. It is concerned with questions such as: Where are we heading, and why? What are the options? Which actions are needed to arrive at the...

The purpose of this study is to explore the relationship between competitiveness, scale and R&D with the held of OECD databases and the ongoing work in the OECD on embodied technology flows. The analysis is based on data for ten OECD counteies and 22 industries in 1985. The results suggest that...

Most analyses of international differences in productivity growth present data for OECD countries only. Although defendable from a data-quality point of view, this implies that some important industrial countries that have grown fast in recent years are excluded from the analysis. To avoid this...