Technological Innovation and Long Wave Theory: Two Pieces of the Puzzle
AbstractSince the 1930s, there have been few attempts to recast long wave theory and address the problems raised by Schumpeter's and Kuznets' models; most work has been empirical. This paper uses an inter-industrial analytical framework to explain stagnation, downswing and recovery. The proposed rationale enables us to dispense with Schumpeter's hypothesis of periodic bunching of radical innovations.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Evolutionary Economics.
Volume (Year): 1 (1991)
Issue (Month): 4 (November)
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Web page: http://link.springer.de/link/service/journals/00191/index.htm
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- Roberto ESPOSTI & Pierpaolo PIERANI, 2001. "Building the Knowledge Stock: Lags, Depreciation and Uncertainty in Agricultural R&D," Working Papers 145, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
- DeBresson, Chris, 1995. "Predicting the most likely diffusion sequence of a new technology through the economy: The case of superconductivity," Research Policy, Elsevier, vol. 24(5), pages 685-705, September.
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