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Innovation and Technical Change

In: An Economist’s Guide to Economic History

Author

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  • Gerben Bakker

    (London School of Economics and Political Science)

Abstract

Developed countries would need an economy three to four times their present size to provide the same outputs but with 1820 technology. This astounding technological advancement demands an explanation. This chapter contrasts three different approaches to the study of innovation across the long run: conceptual, direct and indirect. For each, its author provides important examples from the economics and economic history literatures.

Suggested Citation

  • Gerben Bakker, 2018. "Innovation and Technical Change," Palgrave Studies in Economic History, in: Matthias Blum & Christopher L. Colvin (ed.), An Economist’s Guide to Economic History, chapter 25, pages 211-222, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-96568-0_25
    DOI: 10.1007/978-3-319-96568-0_25
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    More about this item

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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