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The long-term evolution of technological complexity and its relationship with economic growth

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  • Broekel, Tom
  • Klarl, Torben

Abstract

Innovations are widely accepted as fundamental drivers of economic growth by increasing productivity and creating new markets. However, empirical evidence on the long-term relationship between technological progress and economic growth remains scarce, with few studies considering shifts in technologies' fundamental properties, such as their degree of complexity. Yet, higher levels of complexity are argued to increase technologies' economic potential, and consequently, ignoring this dimension of technologies provides an incomplete picture of innovations’ growth effects.

Suggested Citation

  • Broekel, Tom & Klarl, Torben, 2025. "The long-term evolution of technological complexity and its relationship with economic growth," Technovation, Elsevier, vol. 144(C).
  • Handle: RePEc:eee:techno:v:144:y:2025:i:c:s0166497225000653
    DOI: 10.1016/j.technovation.2025.103233
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