Redding, Stephen (1999) Path dependence, endogenous innovation and growth. 424. Centre for Economic Performance, London School of Economics and Political Science, 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 |
| Library of Congress subject classification: | H Social Sciences > HC Economic History and Conditions T Technology > T Technology (General) H Social Sciences > HB Economic Theory |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 424 |
| URL: | http://eprints.lse.ac.uk/3723/ |
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