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Structural change and technology: a long view

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  • Verspagen, Bart

    (Maastricht University)

Abstract

Neo-Schumpeterians of the 1970s and 1980s argued for the concept of pervasive technological systems as one way of interpreting creative destruction. Pervasive technologies are basic innovations that find application in a wide variety of sectors in the economy. It has recently been suggested that the period of rapid economic growth in the 1990s in the United States can be explained by the rise of a set of technologies known as Information and Communication Technologies (ict). Such an interpretation is certainly in broad accordance with the notions of Schumpeterian radical technological breakthroughs, creative destruction and pervasive technological systems. This paper provides an attempt to interpret this ict ¿revolution¿ from a Schumpeterian point of view, using input-output data and technology flow matrices for the us economy. The paper concludes with a broad discussion of the historic role of ict in the us and world economy.

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Bibliographic Info

Paper provided by Maastricht University in its series Open Access publications from Maastricht University with number urn:nbn:nl:ui:27-18187.

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Date of creation: 2004
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Publication status: Published in Revue economique / Centre National de la Recherche Scientifique (2004) v.55, p.1099-1125
Handle: RePEc:ner:maastr:urn:nbn:nl:ui:27-18187

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Web page: http://www.maastrichtuniversity.nl/web/Home.htm

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References

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  1. Zvi Griliches, 1998. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 17-45 National Bureau of Economic Research, Inc.
  2. Keith Smith, . "Assessing the economic impacts of ICT," STEP Report series 200201, The STEP Group, Studies in technology, innovation and economic policy.
  3. Leontief, Wassily & Duchin, Faye, 1986. "The Future Impact of Automation on Workers," OUP Catalogue, Oxford University Press, number 9780195036237, September.
  4. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
  5. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953.
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Cited by:
  1. André Lorentz & Maria Savona, 2008. "Evolutionary micro-dynamics and changes in the economic structure," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 389-412, August.
  2. Lim, A., 2002. "Standards Setting Processes in ICT: The Negotiations Approach," Eindhoven Center for Innovation Studies (ECIS) working paper series 02.19, Eindhoven Center for Innovation Studies (ECIS).
  3. Maria Savona & André Lorentz, 2006. "Demand and Technology Determinants of Structural Change and Tertiarisation: An Input-Output Structural Decomposition Analysis for four OECD Countries," Working Papers of BETA 2006-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  4. Pier Paolo Saviotti & Andreas Pyka, 2002. "Economic Development, Qualitative Change And Employment Creation," Computing in Economics and Finance 2002 362, Society for Computational Economics.
  5. Carolina Castaldi & Alessandro Nuvolari, 2004. "Technological Revolutions and Economic Growth: The “Age of Steam” Reconsidered," LEM Papers Series 2004/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  6. Castaldi, C. & Nuvolari, A., 2003. "Technological Revolutions and Economic Growth:The �Age of Steam� Reconsidered," Eindhoven Center for Innovation Studies (ECIS) working paper series 03.25, Eindhoven Center for Innovation Studies (ECIS).
  7. Lim, A., 2003. "Inter-firm Alliances during Pre-standardization in ICT," Eindhoven Center for Innovation Studies (ECIS) working paper series 03.03, Eindhoven Center for Innovation Studies (ECIS).
  8. Castellacci, Fulvio, 2006. "Innovation, diffusion and catching up in the fifth long wave," MPRA Paper 27521, University Library of Munich, Germany.
  9. Keizer, J.A. & Vos, J.P., 2003. "Diagnosing risks in new product development," Eindhoven Center for Innovation Studies (ECIS) working paper series 03.11, Eindhoven Center for Innovation Studies (ECIS).

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