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The production recipes approach to modeling technological innovation: An application to learning by doing

  • Auerswald, Philip
  • Kauffman, Stuart
  • Lobo, Jose
  • Shell, Karl

We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological evolution. This involves adding nascent (essentially undiscovered) technologies to the existing technologies of neoclassical production theory, and, more importantly, expanding the notion of the production plan to include the recipe---the complete description of the underlying engineering process. Second, we use the recipes approach in constructing a simple microeconomic model of shop-floor learning by doing. We simulate the dynamics of the model and report the effects of changes in the basic parameters on the resulting engineering experience curves. For correctly chosen values of these parameters, the predictions of the model match the observed data on experience curves. Journal of Economic Literature Classification Numbers: D20, D21, D24, D83, L23, O30. Submitted to Journal of Economic Dynamics and Control.

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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 24 (2000)
Issue (Month): 3 (March)
Pages: 389-450

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Handle: RePEc:eee:dyncon:v:24:y:2000:i:3:p:389-450
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  10. Kibria, Muhammad G & Tisdell, Clement A, 1985. "Productivity Progress Parameters for Manufacturing in an LDC: The Startup or Learning Phase in Bangladesh Jute Mills," Australian Economic Papers, Wiley Blackwell, vol. 24(45), pages 370-79, December.
  11. Levhari, David & Sheshinski, Eytan, 1973. "Experience and Productivity in the Israel Diamond Industry," Econometrica, Econometric Society, vol. 41(2), pages 239-53, March.
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  20. Richard R. Nelson & Edmond S. Phelps, 1965. "Investment in Humans, Technological Diffusion and Economic Growth," Cowles Foundation Discussion Papers 189, Cowles Foundation for Research in Economics, Yale University.
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  28. Bahk, Byong-Hong & Gort, Michael, 1993. "Decomposing Learning by Doing in New Plants," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 561-83, August.
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