Technical Change, Growth and Trade: New Departures in Institutional Economics
This article analyses the main theoretical and policy issues emerging from the literature on the evolutionary-institutional economics of technical change, the four distinguishing characteristics of which are that technology is often proprietary in nature; only a part of knowledge is codifiable in handbooks, blueprints, patents, and so on; there are fundamental variations in the above two points across different technological fields; and the evolution of knowledge is highly path-dependent. Copyright 1998 by Blackwell Publishers Ltd
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Volume (Year): 12 (1998)
Issue (Month): 3 (July)
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