Innovation diffusion, technological convergence and economic growth
The paper investigates the mechanics through which novel technological principles are developed and diffused throughout an economy consisting of a technologically heterogeneous ensemble of firms. In the model entrepreneurs invest in the discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation and on how long it takes other entrepreneurs to improve it. We show that technological convergence emerges from the competition among entrepreneurs for the profit flow and characterize the economy's growth rate.
|Date of creation:||Nov 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +39 051 209 8019 and 2600
Fax: +39 051 209 8040 and 2664
Web page: http://www.dse.unibo.it
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rosenberg, Nathan & Trajtenberg, Manuel, 2004. "A General-Purpose Technology at Work: The Corliss Steam Engine in the Late-Nineteenth-Century United States," The Journal of Economic History, Cambridge University Press, vol. 64(01), pages 61-99, March.
- Gerald Silverberg & Bart Verspagen, 2002.
"A Percolation Model of Innovation in Complex Technology Spaces,"
Computing in Economics and Finance 2002
24, Society for Computational Economics.
- Silverberg, Gerald & Verspagen, Bart, 2005. "A percolation model of innovation in complex technology spaces," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 225-244, January.
- Silverberg, G. & Verspagen, B., 2002. "A Percolation Model of Innovation in Complex Technology Spaces," Working Papers 02.12, Eindhoven Center for Innovation Studies.
- R. Andergassen & F. Nardini & M. Ricottilli, 2008.
"Innovation and growth through local and global interaction,"
637, Dipartimento Scienze Economiche, Universita' di Bologna.
- Andergassen, Rainer & Nardini, Franco & Ricottilli, Massimo, 2009. "Innovation and growth through local and global interaction," Journal of Economic Dynamics and Control, Elsevier, vol. 33(10), pages 1779-1795, October.
- Albert Díaz-Guilera & Alex Arenas Moreno & Conrad J. Pérez Vicente & Fernando Vega Redondo, 2000.
"Self-Organized Criticality In Evolutionary Systems With Local Interaction,"
Working Papers. Serie AD
2000-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Arenas, Alex & Diaz-Guilera, Albert & Perez, Conrad J. & Vega-Redondo, Fernando, 2002. "Self-organized criticality in evolutionary systems with local interaction," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2115-2142, October.
- Rainer Andergassen & Franco Nardini & Massimo Ricottilli, .
"Innovation Waves, Self-organised Criticality and Technological Convergence,"
Modeling, Computing, and Mastering Complexity 2003
19, Society for Computational Economics.
- Andergassen, Rainer & Nardini, Franco & Ricottilli, Massimo, 2006. "Innovation waves, self-organized criticality and technological convergence," Journal of Economic Behavior & Organization, Elsevier, vol. 61(4), pages 710-728, December.
- Brent Goldfarb, 2005. "Diffusion of general-purpose technologies: understanding patterns in the electrification of US Manufacturing 1880--1930," Industrial and Corporate Change, Oxford University Press, vol. 14(5), pages 745-773, October.
When requesting a correction, please mention this item's handle: RePEc:bol:bodewp:wp912. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Luca Miselli)
If references are entirely missing, you can add them using this form.