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Induced Innovation Revisited

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  • Funk, P.

Abstract

This article studies the joint evolution of factor-prices, factor-shares, and the type of technical progress. Its main aim is to give a microeconomic foundation to the Hypothesis of Induced Innovation ([4], [11], [18], [16]), which assumes that the type of progress at any moment of time is chosen so as to maximize the current rate of output growth.

Suggested Citation

  • Funk, P., 1997. "Induced Innovation Revisited," DELTA Working Papers 97-22, DELTA (Ecole normale supérieure).
  • Handle: RePEc:del:abcdef:97-22
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    Cited by:

    1. Tavani, Daniele, 2012. "Wage bargaining and induced technical change in a linear economy: Model and application to the US (1963–2003)," Structural Change and Economic Dynamics, Elsevier, vol. 23(2), pages 117-126.
    2. Yucan Liu & C. Richard Shumway, 2009. "Induced Innovation in U.S. Agriculture: Time-series, Direct Econometric, and Nonparametric Tests," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(1), pages 224-236.
    3. Roberto Veneziani & Luca Zamparelli & Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change In Alternative Theories Of Growth And Distribution," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1272-1303, December.
    4. Daniele Tavani & Luca Zamparelli, 2017. "Government spending composition, aggregate demand, growth, and distribution," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(2), pages 239-258, April.
    5. Daniele Tavani, 2013. "Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment," Journal of Economics, Springer, vol. 109(3), pages 207-244, July.
    6. Naastepad, C. W. M. & Kleinknecht, Alfred, 2004. "The Dutch productivity slowdown: the culprit at last?," Structural Change and Economic Dynamics, Elsevier, vol. 15(2), pages 137-163, June.
    7. Irmen, Andreas, 2018. "A Generalized Steady-State Growth Theorem," Macroeconomic Dynamics, Cambridge University Press, vol. 22(04), pages 779-804, June.
    8. Hernando Zuleta & Andrew T. Young, 2011. "Do Unions Increase Labor’s Shares? Evidence from US Industry-Level Data," Working Papers 10-06, Department of Economics, West Virginia University.
    9. zamparelli, luca, 2008. "Direction and intensity of technical change: a micro-founded growth model," MPRA Paper 10843, University Library of Munich, Germany.
    10. repec:ilo:ilowps:470930 is not listed on IDEAS
    11. Irmen, Andreas, 2009. "Population Aging and the Direction of Technical Change," Working Papers 0493, University of Heidelberg, Department of Economics.
    12. Luca Zamparelli, 2011. "Induced Innovation, Endogenous Growth, and Income Distribution: a Model along Classical Lines," Working Papers CELEG 1102, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    13. Luca Zamparelli, 2009. "Direction and Intensity of Technical Change: a Micro Model," Working Papers 4, Doctoral School of Economics, Sapienza University of Rome.
    14. Peter Funk, 2005. "Competition and Growth in a Vintage Knowledge Model," Working Paper Series in Economics 15, University of Cologne, Department of Economics.
    15. Funk, Peter, 2008. "Entry and growth in a perfectly competitive vintage model," Journal of Economic Theory, Elsevier, vol. 138(1), pages 211-236, January.
    16. Funk, Peter & Vogel, Thorsten, 2004. "Endogenous skill bias," Journal of Economic Dynamics and Control, Elsevier, vol. 28(11), pages 2155-2193, October.
    17. Storm, Servaas. & Naastepad, C.W.M., 2012. "Wage-led or profit-led supply : wages, productivity and investment," ILO Working Papers 994709303402676, International Labour Organization.
    18. Isabelle Armanville & Peter Funk, 2003. "Induced innovation: an empirical test," Applied Economics, Taylor & Francis Journals, vol. 35(15), pages 1627-1647.
    19. Irmen, Andreas & Tabaković, Amer, 2017. "Endogenous capital- and labor-augmenting technical change in the neoclassical growth model," Journal of Economic Theory, Elsevier, vol. 170(C), pages 346-384.
    20. Luca Zamparelli, 2015. "Induced Innovation, Endogenous Technical Change and Income Distribution in a Labor-Constrained Model of Classical Growth," Metroeconomica, Wiley Blackwell, vol. 66(2), pages 243-262, May.
    21. Joao Paulo A. de Souza, 2014. "Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies," UMASS Amherst Economics Working Papers 2014-03, University of Massachusetts Amherst, Department of Economics.
    22. A. J. Julius, 2005. "Overtakable capitalist growth paths," Macroeconomics 0501030, EconWPA.
    23. Tabakovic, Amer & Irmen, Andreas, 2014. "Capital- and Labor-Augmenting Technical Change in the Neoclassical Growth Model," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100602, Verein für Socialpolitik / German Economic Association.

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