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Technological Innovation and Long Wave Theory: Two Pieces of the Puzzle

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  • de Bresson, Chris

Abstract

Since the 1930s, there have been few attempts to recast long wave theory and address the problems raised by Schumpeter's and Kuznets' models; most work has been empirical. This paper uses an inter-industrial analytical framework to explain stagnation, downswing and recovery. The proposed rationale enables us to dispense with Schumpeter's hypothesis of periodic bunching of radical innovations.

Suggested Citation

  • de Bresson, Chris, 1991. "Technological Innovation and Long Wave Theory: Two Pieces of the Puzzle," Journal of Evolutionary Economics, Springer, vol. 1(4), pages 241-272, November.
  • Handle: RePEc:spr:joevec:v:1:y:1991:i:4:p:241-72
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    Cited by:

    1. Roberto ESPOSTI & Pierpaolo PIERANI, 2001. "Building the Knowledge Stock: Lags, Depreciation and Uncertainty in Agricultural R&D," Working Papers 145, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    2. Roberto Esposti & Pierpaolo Pierani, 2003. "Building the Knowledge Stock: Lags, Depreciation, and Uncertainty in R&D Investment and Link with Productivity Growth," Journal of Productivity Analysis, Springer, vol. 19(1), pages 33-58, January.
    3. repec:spr:joevec:v:27:y:2017:i:3:d:10.1007_s00191-017-0491-y is not listed on IDEAS
    4. Keong, Choy Yee, 2005. "Energy demand, economic growth, and energy efficiency--the Bakun dam-induced sustainable energy policy revisited," Energy Policy, Elsevier, vol. 33(5), pages 679-689, March.
    5. DeBresson, Chris, 1995. "Predicting the most likely diffusion sequence of a new technology through the economy: The case of superconductivity," Research Policy, Elsevier, vol. 24(5), pages 685-705, September.

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