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A critical realist interpretation of evolutionary growth theorising

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  • Castellacci, Fulvio

Abstract

The article discusses a critical realist interpretation of evolutionary growth theorising by focusing on some of its basic characteristics. The evolutionary ontology is complex, differentiated, structured, systemic, open, ever-changing, and radically uncertain. Its methodology tends to be increasingly based on appreciative theorising, retroductive explanations and interdisciplinary analysis. After discussing these features, the article suggests that critical realism may indeed constitute an important philosophical and methodological foundation for the future development of evolutionary theories of economic growth.

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File URL: http://mpra.ub.uni-muenchen.de/27603/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27603.

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Date of creation: 2005
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Handle: RePEc:pra:mprapa:27603

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Keywords: Critical realism; evolutionary economics; innovation; economic growth;

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  1. Dosi, Giovanni, 1982. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 11(3), pages 147-162, June.
  2. Fagerberg, Jan, 1987. "A technology gap approach to why growth rates differ," Research Policy, Elsevier, vol. 16(2-4), pages 87-99, August.
  3. Malerba, Franco, et al, 1999. "'History-Friendly' Models of Industry Evolution: The Computer Industry," Industrial and Corporate Change, Oxford University Press, vol. 8(1), pages 3-40, March.
  4. Richard R. Nelson & Sidney G. Winter, 2002. "Evolutionary Theorizing in Economics," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 23-46, Spring.
  5. Lawson, Tony, 1989. "Abstraction, Tendencies and Stylised Facts: A Realist Approach to Economic Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 13(1), pages 59-78, March.
  6. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.
  7. Northover, Patricia, 1999. "Evolutionary Growth Theory and Forms of Realism," Cambridge Journal of Economics, Oxford University Press, vol. 23(1), pages 33-63, January.
  8. Frederic S. Lee, 2002. "Theory creation and the methodological foundation of Post Keynesian economics," Cambridge Journal of Economics, Oxford University Press, vol. 26(6), pages 789-804, November.
  9. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
  10. Malerba, Franco, 2002. "Sectoral systems of innovation and production," Research Policy, Elsevier, vol. 31(2), pages 247-264, February.
  11. Peter, Fabienne, 2001. "Rhetoric vs Realism in Economic Methodology: A Critical Assessment of Recent Contributions," Cambridge Journal of Economics, Oxford University Press, vol. 25(5), pages 571-89, September.
  12. Freeman, Chris & Louca, Francisco, 2001. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199241071, September.
  13. Stephen Pratten, 2005. "Economics as progress: the LSE approach to econometric modelling and critical realism as programmes for research," Cambridge Journal of Economics, Oxford University Press, vol. 29(2), pages 179-205, March.
  14. Peter Nielsen, 2002. "Reflections on critical realism in political economy," Cambridge Journal of Economics, Oxford University Press, vol. 26(6), pages 727-738, November.
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Cited by:
  1. Fulvio Castellacci, 2007. "Technological regimes and sectoral differences in productivity growth ," Industrial and Corporate Change, Oxford University Press, vol. 16(6), pages 1105-1145, December.
  2. Ron Martin & Peter Sunley, 2014. "Towards a Developmental Turn in Evolutionary Economic Geography?," Papers in Evolutionary Economic Geography (PEEG) 1401, Utrecht University, Section of Economic Geography, revised Jan 2014.
  3. Dopfer, Kurt & Potts, Jason, 2010. "Why evolutionary realism underpins evolutionary economic analysis and theory: A reply to Runde's critique," Journal of Institutional Economics, Cambridge University Press, vol. 6(03), pages 401-413, September.
  4. Castellacci, Fulvio, 2007. "Technological regimes and sectoral differences in productivity growth," MPRA Paper 27598, University Library of Munich, Germany.
  5. Maria LĂșcia Pato & Aurora A.C. Teixeira, 2013. "Twenty years of rural entrepreneurship: a bibliometric survey," FEP Working Papers 516, Universidade do Porto, Faculdade de Economia do Porto.
  6. He, Zheng & Rayman-Bacchus, Lez & Wu, Yiming, 2011. "Self-organization of industrial clustering in a transition economy: A proposed framework and case study evidence from China," Research Policy, Elsevier, vol. 40(9), pages 1280-1294.
  7. Chang-Yang Lee, 2012. "Learning-by-doing in R&D, knowledge threshold, and technological divide," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 109-132, January.
  8. Ron Martin & Peter Sunley, 2007. "Complexity Thinking and Evolutionary Economic Geography," Papers in Evolutionary Economic Geography (PEEG) 0703, Utrecht University, Section of Economic Geography, revised Apr 2007.

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