IDEAS home Printed from https://ideas.repec.org/p/sfu/sfudps/dp08-03.html
   My bibliography  Save this paper

Economic Growth Related to Mutually Interdependent Institutions and Technology

Author

Abstract

The following propositions are argued. Technological advance is a necessary condition for sustained economic growth. It can be sustained by more then one set of institutions. Technology and institutions co-evolve. Although some institutions inhibit growth while others encourage it, no single institution is either necessary or sufficient to produce either sustained or zero growth. Sustained growth began with the two Industrial Revolutions and was solidified by the 'invention of how to invent'. Explaining these events requires studying several trajectories that were established in the medieval period and evolved slowly through the early modern period and were unique to the West.

Suggested Citation

  • Richard Lipsey, 2008. "Economic Growth Related to Mutually Interdependent Institutions and Technology," Discussion Papers dp08-03, Department of Economics, Simon Fraser University.
  • Handle: RePEc:sfu:sfudps:dp08-03
    as

    Download full text from publisher

    File URL: http://www.sfu.ca/repec-econ/sfu/sfudps/dp08-03.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Boschma, Ron & Capone, Gianluca, 2015. "Institutions and diversification: Related versus unrelated diversification in a varieties of capitalism framework," Research Policy, Elsevier, vol. 44(10), pages 1902-1914.
    2. Foster, John, 2011. "Energy, aesthetics and knowledge in complex economic systems," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 88-100.
    3. Murat Arsel & Bengi Akbulut & Fikret Adaman & Yahya M. Madra, 2015. "Forum 2015," Development and Change, International Institute of Social Studies, vol. 46(4), pages 733-761, July.
    4. Ron Boschma & Gianluca Capone, 2014. "Relatedness and Diversification in the EU-27 and ENP countries," Papers in Evolutionary Economic Geography (PEEG) 1407, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Feb 2014.
    5. Costa, Rodrigo Morem da & Horn, Carlos Henrique, 2021. "The co-evolution of technology and employment relations: Institutions, innovation and change," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 313-324.
    6. Cocchi, Andrea, 2011. "Business models as systemic instruments for the evolution of traditional districts?," MPRA Paper 33766, University Library of Munich, Germany.
    7. Bengi Akbulut & Fikret Adaman & Yahya M. Madra, 2015. "The Decimation and Displacement of Development Economics," Working Papers 2015/01, Bogazici University, Department of Economics.
    8. Ron Boschma & Gianluca Capone, 2016. "Relatedness and diversification in the European Union (EU-27) and European Neighbourhood Policy countries," Environment and Planning C, , vol. 34(4), pages 617-637, June.

    More about this item

    Keywords

    Sustained growth; institutions; technological change; technological trajectories; the Industrial Revolutions; early modern science; medieval universities.;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sfu:sfudps:dp08-03. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Working Paper Coordinator (email available below). General contact details of provider: https://edirc.repec.org/data/desfuca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.