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The 1960s through the 1980s were very productive of new theory and empirical insight into the sources of technical change. In this paper I argue that each of the three approaches that have been advanced--induced technical change, evolutionary theory and path dependence--is approaching a dead...
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New radical general purpose technologies have been the drivers of economic growth in the United States economy in recent economic history. In this paper I review the role of military and defense related research, technology development, and procurement in the development of the aircraft, nuclear...
Persistent link: https://www.econbiz.de/10005338603
A number of very careful econometric studies have been interpreted as showing that publicly funded research and development conducted by private firms has had little discernable impact on firm level profits or productivity. In contrast historical studies have shown that military and...
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The purpose of this paper is to examine three cases which provide some insight into the character of international transmission of technical change and its economic impacts and implications. These cases focus on three separate commodities, sugarcane, bananas, and rice. Each case presents...
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