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Technological advance as an evolutionary process

Dosi, Giovanni; Nelson, Richard R. - In: Modern evolutionary economics : an overview, (pp. 35-73). 2018

Persistent link: https://www.econbiz.de/10011845785

Human Capital, Basic Research, and Applied Research : Three Dimensions of Human Knowledge and Their Differential Growth Effects

Prettner, Klaus - 2014

We analyze the differential growth effects of basic research, applied research, and embodied human capital accumulation in an R&D-based growth model with endogenous fertility and endogenous education. In line with the empirical evidence, our model allows for i) a negative association between...

Persistent link: https://www.econbiz.de/10013059053

Chapter 2 Growth with Quality-Improving Innovations: An Integrated Framework

Aghion, Philippe; Howitt, Peter - 2005

In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...

Persistent link: https://www.econbiz.de/10014023785

Chapter 3. Technical Change and Industrial Dynamics as Evolutionary Processes

Dosi, Giovanni; Nelson, Richard R. - 2010

in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …

Persistent link: https://www.econbiz.de/10014025173

Financial regimes, financialization patterns and industrial performances : preliminary remarks

Dosi, Giovanni; Revest, Valerie; Sapio, Alessandro - 2016

de-linked the performance of firms on the financial markets from the determinants of firm-level growth and innovation …, financialization has contributed to compress and somewhat degrade the specific properties of the finance-innovation nexus of both …

Persistent link: https://www.econbiz.de/10011489995

The agenda for evolutionary economics : results, dead ends, and challenges ahead

Dosi, Giovanni - 2022

forthcoming Manual, The Foundations of Complex Evolving Economies. Part One: Innovation, Organization and Industrial Dynamics … returns. As summarized in this essays Part One of the Manual addresses in the foregoing perspective, (i) Innovation and … reader is warned against multiple risks of ''normalization'' by which 'evolution' is reduced to sheer 'innovation', and the …

Persistent link: https://www.econbiz.de/10013402021

Institutional change and productivity growth in China's manufacturing 1998 - 2007 : the microeconomics of creative restructuring

Dosi, Giovanni; Lei, Jiasu; Yu, Xiaodan - 2013

This paper investigates firm-level dynamics of labour productivity in China's manufacturing sector over the 1998-2007. Underlying the aggregate evidence of dramatic growth of labour productivity, one observes a large, even if shrinking, intra-sectoral heterogeneity. A major process of both...

Persistent link: https://www.econbiz.de/10009721461

In order to stand up you must keep cycling : change and coordination in complex evolving economies

Dosi, Giovanni; Virgillito, Maria Enrica - 2016

In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic...

Persistent link: https://www.econbiz.de/10011565231

Growth and welfare effects of health care in knowledge based economies

Kuhn, Michael; Prettner, Klaus - 2012

We consider an endogenous growth model with Blanchard-Yaari-type overlapping generations that is built around four sectors: final and intermediate goods production, an R&D sector and a health care sector. Health care serves to lower mortality and morbidity, the latter being related to...

Persistent link: https://www.econbiz.de/10010352613

The past and future of knowledge-based growth

Strulik, Holger; Prettner, Klaus; Fürnkranz-Prskawetz, … - 2012

Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century. In order to resolve this problem we integrate R&D-based...

Persistent link: https://www.econbiz.de/10009619095