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Technological Evolution and Economic Instability: Theoretical Simulations

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  • Caccomo, Jean-Louis

Abstract

This paper aims to study those firms which have similar characteristics at the beginning of time. The objective is to observe the relation that exists between technological evolution, firms' performances, and economic instability. This is done using an adaptation of the Nelson and Winter model, in order to show the possibility of various growth trajectories, and also to underline the heterogeneity of the firms. This heterogeneity corresponds to a period of economic instability and itself only exists as a result of the specific nature of the technological trend. The theoretical interest lies in using the structures-performances relation by according a central place to innovation.

Suggested Citation

  • Caccomo, Jean-Louis, 1996. "Technological Evolution and Economic Instability: Theoretical Simulations," Journal of Evolutionary Economics, Springer, vol. 6(2), pages 141-155, May.
    • Handle: RePEc:spr:joevec:v:6:y:1996:i:2:p:141-55
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    Cited by:

    1. Caccomo Jean-Louis, 2000. "National innovation Systems and Evolutionary Theory: a panorama of the Literature," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(4), pages 1-23, December.
    2. Caccomo Jean-Louis, 2000. "Systemes Nationaux D’innovation Et Theorie Evolutionniste : Un Panorama De La Litterature," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(4), pages 1-22, December.
    3. Areti Gkypali & Kostas Kounetas & Kostas Tsekouras, 2019. "European countries’ competitiveness and productive performance evolution: unraveling the complexity in a heterogeneity context," Journal of Evolutionary Economics, Springer, vol. 29(2), pages 665-695, April.

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