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Economic Growth and Technological Change: An Evolutionary Interpretation

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  • Bart Verspagen

Abstract

This paper provides a perspective from evolutionary economic theory on recent growth differences in the OECD area. The empirical analysis contained in the paper offers a number of findings. First, the United States seems to be diverging from the other OECD countries, while the latter are still, by and large, converging to the OECD average. Second, the estimated model of evolutionary growth suggests that convergence based on the assimilation of foreign technology is becoming a more active process. R&D now seems to be crucial for catching-up and is no longer an activity that is unequivocally associated with moving the world technological frontier. Third, differences between countries in terms of pure technological competencies, i.e. patenting, have become more important in explaining growth differentials. These trends suggest that the absorption of foreign technology requires more active efforts, and that technological differences between countries translate more easily ... Croissance économique et changement technologique : Une interprétation évolutionniste Ce document fournit la perspective de théorie économique évolutionniste sur les différences récentes de croissance entre les pays de l’OCDE. L’analyse empirique menée dans le rapport offre un certain nombre de résultats. En premier lieu, les États-Unis semblent diverger des autres pays de l’OCDE, alors que ces derniers convergent, généralement, vers la moyenne de l’OCDE. Deuxièmement, le modèle évolutionniste de croissance estimé suggère que la convergence basée sur l’assimilation de la technologie étrangère devient un processus plus actif. La R-D semble maintenant être cruciale pour rattraper un retard et n’est plus une activité qui vise systématiquement à déplacer la frontière technologique du monde. Troisièmement, les différences entre les pays en termes de compétences technologiques pures, c’est-à-dire les dépôts de brevets, sont devenues plus importantes dans l’explication des différentiels de croissance. Ces tendances suggèrent que l’absorption de la technologie étrangère exige ...

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File URL: http://dx.doi.org/10.1787/703445834058
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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Science, Technology and Industry Working Papers with number 2001/1.

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Date of creation: 09 Jan 2001
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Handle: RePEc:oec:stiaaa:2001/1-en

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Cited by:
  1. Sandra Silva, 2009. "On evolutionary technological change and economic growth: Lakatos as a starting point for appraisal," Journal of Evolutionary Economics, Springer, vol. 19(1), pages 111-135, February.
  2. Pop-Silaghi, Monica & Jude, Cristina & Alexa, Diana & Litan, Cristian, 2012. "Do business and public sector research and development expenditures contribute to economic growth in central and eastern European countries? A dynamic panel estimation," Economics Discussion Papers 2012-4, School of Economics, Kingston University London.
  3. Kravtsova, Victoria & Radosevic, Slavo, 2012. "Are systems of innovation in Eastern Europe efficient?," Economic Systems, Elsevier, vol. 36(1), pages 109-126.
  4. Stefano Brusoni & Elena Cefis & Luigi Orsenigo, 2006. "Innovate or Die? A critical review of the literature on innovation and performance," KITeS Working Papers 179, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Sep 2006.
  5. Michael Peneder, 2004. "Tracing Empirical Trails of Schumpeterian Development," Papers on Economics and Evolution 2004-09, Philipps University Marburg, Department of Geography.
  6. Ballot, Gerard & Taymaz, Erol, 2001. "Training policies and economic growth in an evolutionary world," Structural Change and Economic Dynamics, Elsevier, vol. 12(3), pages 311-329, September.

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