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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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Patrick Llerena
André Lorentz

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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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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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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Amable, Bruno, 1993. "Catch-Up and Convergence: A Model of Cumulative Growth," International Review of Applied Economics, Taylor and Francis Journals, vol. 7(1), pages 1-25.
  2. 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.
  3. Caniëls; M.C.J. & Verspagen; B., 1999. "Spatial distance in a technology gap model," ECIS Working Papers 99.10, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
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  4. 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. [Downloadable!] (restricted)
  5. 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. [Downloadable!]
  6. Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-55, December. [Downloadable!] (restricted)
  7. 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. [Downloadable!]
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  8. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis. [Downloadable!]
  9. Chiaromonte, Francesca & Dosi, Giovanni, 1993. "Heterogeneity, competition, and macroeconomic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 4(1), pages 39-63, June. [Downloadable!] (restricted)
  10. Bart Verspagen, . "Evolutionary macroeconomics: A synthesis between neo-Schumpeterian and post-Keynesian lines of thought," The Electronic Journal of Evolutionary Modeling and Economic Dynamics, IFReDE - Université Montesquieu Bordeaux IV. [Downloadable!]
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  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. [Downloadable!]
  2. Guilherme Jonas Costa da Silva & José Luís Oreiro & Luiz Fernando de Paula, 2007. "Macroeconomic Determinants of Bank Spread in Brazil: An Empirical Evaluation," Working Papers 0066, Universidade Federal do Paraná, Department of Economics. [Downloadable!]
  3. André Lorentz, 2004. "Sectoral Specialisation and Growth Rate Differences Among Integrated Economies," LEM Papers Series 2004/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    Other versions:
  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. [Downloadable!]
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