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Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey

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Author Info

  • Patrick Llerena
  • André Lorentz

Abstract

This paper aims to propose an approach to endogeneous growth considering the relationship between macro-dynamics and technical change. We draw upon two stream of literature: Cumulative causation and its macroscopic view of economic dynamics, and Evo-lutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representation of the growth process and identifies the possible bridges between these two approaches. Our claim is that merging these two distinct theories might offer a framework to consider the co-evolution of macro-dynamics and technical change.

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Bibliographic Info

Paper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2003/27.

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Date of creation: 29 Dec 2003
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Handle: RePEc:ssa:lemwps:2003/27

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Related research

Keywords: Economic Growth; Technical Change; Cumulative Causation; Evolutionary Theory.;

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References

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  1. Cani�ls; M.C.J. & Verspagen; B., 1999. "Spatial distance in a technology gap model," Eindhoven Center for Innovation Studies (ECIS) working paper series 99.10, Eindhoven Center for Innovation Studies (ECIS).
  2. Patrick Llerena & Andre' Lorentz, 2003. "Cumulative Causation and Evolutionary Micro-Founded Technical Change: A Growth Model with Integrated Economies," LEM Papers Series 2003/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  3. Anthony Philip Thirlwall, 1979. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
  4. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
  5. Chiaromonte, Francesca & Dosi, Giovanni, 1993. "Heterogeneity, competition, and macroeconomic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 4(1), pages 39-63, June.
  6. Silverberg, Gerald & Verspagen, Bart, 1995. "An Evolutionary Model of Long Term Cyclical Variations of Catching Up and Falling Behind," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 209-27, September.
  7. Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-55, December.
  8. Dixon, R & Thirlwall, A P, 1975. "A Model of Regional Growth-Rate Differences on Kaldorian Lines," Oxford Economic Papers, Oxford University Press, vol. 27(2), pages 201-14, July.
  9. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.
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Citations

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Cited by:
  1. Carton, Christine, 2008. "Crecimiento economico en America Latina: Evidencias desde una perspectiva Kaldoriana
    [Economic growth in Latin America: Evidence from a Kaldorian perspective]
    ," MPRA Paper 8696, University Library of Munich, Germany.
  2. Mário Luiz Possas & Esther Dweck, 2005. "A Multisectoral Micro-Macrodynamic Model," Working Papers 0012, Universidade Federal do Paraná, Department of Economics.
  3. André Lorentz, 2004. "Sectoral Specialisation and Growth Rate DIfferences Among Integrated Economies," Computing in Economics and Finance 2004 165, Society for Computational Economics.
  4. Mario Luiz Possas & Esther Dweck, 2004. "A Multisectoral Micro-Macrodynamic Model e Crescimento Econômico: Uma Resenha Temática sobre a Nova Economia Institucional," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 5(3), pages 1-43.

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