Redding, Stephen (1999) Path dependence, endogenous innovation and growth. . London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Full text not available from this repository.Abstract
We consider a macroeconomic model of endogenous innovation and growth, in which technological progress is path dependent and technological lock-in may occur. These features of technological change are emphasised in the historical and microeconomic literatures, and are formalised here using a distinction between fundamental and secondary knowledge. Secondary knowledge spills over imperfectly across fundamental technologies, and the historical path of technological development is a central determinant of endogenous rates of technological change. Economic growth depends on the extent of secondary knowledge accumulation, and leapfrogging in cross-country levels of income per capita may occur
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk/ |
| Additional Information: | © 1999 the authors |
| Divisions: | Centre for Economic Performance Economics |
| Subjects: | H Social Sciences > HC Economic History and Conditions T Technology > T Technology (General) H Social Sciences > HB Economic Theory |
| Date Deposited: | 05 Mar 2008 12:00 |
| Last Modified: | 11 Dec 2024 18:26 |
| URI: | http://eprints.lse.ac.uk/id/eprint/3723 |
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