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Technical Change in an Evolutionary Model

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  • Richard R. Nelson
  • Sidney G. Winter
  • Herbert L. Schuette

Abstract

I. Introduction: Neoclassical theory and the evolutionary alternative, 90, — II. A specific evolutionary model, 93. — III. Calibration of the model, 98. — IV. Simulation results, 102. — V. Conclusion, 116.

Suggested Citation

  • Richard R. Nelson & Sidney G. Winter & Herbert L. Schuette, 1976. "Technical Change in an Evolutionary Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(1), pages 90-118.
    • Handle: RePEc:oup:qjecon:v:90:y:1976:i:1:p:90-118.
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    Citations

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    Cited by:

    1. Jonathan F. Cogliano & Roberto Veneziani & Naoki Yoshihara, 2016. "The Dynamics of Exploitation and Class in Accumulation Economies," Metroeconomica, Wiley Blackwell, vol. 67(2), pages 242-290, May.
    2. Blain, Bodil Bjerkvik, 2006. "Melting markets: the rise and decline of the Anglo-Norwegian ice trade, 1850-1920," Economic History Working Papers 22471, London School of Economics and Political Science, Department of Economic History.
    3. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.
    4. Jonathan F. Cogliano & Roberto Veneziani & Naoki Yoshihara, 2019. "Exploitation, skills, and inequality," Review of Social Economy, Taylor & Francis Journals, vol. 77(2), pages 208-249, April.
    5. Michael Rothschild & Lawrence J. White, 1993. "The University in the Marketplace: Some Insights and Some Puzzles," NBER Chapters, in: Studies of Supply and Demand in Higher Education, pages 11-42, National Bureau of Economic Research, Inc.
    6. Jayanti Bhattacharjee & Sushil Kr. Haldar, 2015. "Economic Growth in South Asia," Journal of South Asian Development, , vol. 10(2), pages 230-249, August.
    7. Ruttan, Vernon W., 1996. "Sources Of Technical Change: Induced Innovation, Evolutionary Theory And Path Dependence," Bulletins 12974, University of Minnesota, Economic Development Center.
    8. Sidney G. Winter, 2016. "The place of entrepreneurship in “The Economics that Might Have Been”," Small Business Economics, Springer, vol. 47(1), pages 15-34, June.
    9. Heinrich, Torsten, 2016. "The Narrow and the Broad Approach to Evolutionary Modeling in Economics," MPRA Paper 75797, University Library of Munich, Germany.
    10. Farnè, Matteo & Vouldis, Angelos, 2017. "Business models of the banks in the euro area," Working Paper Series 2070, European Central Bank.
    11. Martina Blum‐Kusterer & S. Salman Hussain, 2001. "Innovation and corporate sustainability: An investigation into the process of change in the pharmaceuticals industry," Business Strategy and the Environment, Wiley Blackwell, vol. 10(5), pages 300-316, September.
    12. Siebert Horst, 1977. "Sektorstruktur, Preise und Faktorallokation / Sectoral Structure, Prices and the Allocation of Resources," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 192(3-4), pages 225-243, May.
    13. Esben Sloth Andersen & Anne K. Jensen & Lars Madsen & Martin Jørgensen, 1996. "The Nelson and Winter Models RevisitedPrototypes for Computer-Based Reconstruction of Schumpeterian Competition," DRUID Working Papers 96-5, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    14. Ekaterina Ponomareva & Alexandra Bozhechkova & Alexandr Knobel, 2012. "Factors of Economic Growth," Published Papers 172, Gaidar Institute for Economic Policy, revised 2013.
    15. Sarkar, Jayati, 1998. "Technological Diffusion: Alternative Theories and Historical Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 12(2), pages 131-176, April.

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