05499oam 2200721I 450 991078317040332120230331015714.01-134-94069-61-134-94070-X1-282-37339-097866123733980-203-01305-010.4324/9780203013052 (CKB)1000000000007929(EBL)178175(OCoLC)70769247(SSID)ssj0000258262(PQKBManifestationID)11244419(PQKBTitleCode)TC0000258262(PQKBWorkID)10272933(PQKB)10188989(MiAaPQ)EBC178175(OCoLC)1000425836(EXLCZ)99100000000000792920180331d1990 uy 0engtxtccrThe theory of technological change and economic growth /Stanislaw GomulkaLondon ;New York :Routledge,1990.1 online resource (496 p.)Description based upon print version of record.1-138-41897-8 0-415-05238-6 Includes bibliographical references (pages 233-255) and index.Contents; Acknowledgements; Part one Microeconomics of invention, innovation, and diffusion; Chapter one Preliminary concepts and relations; Production processes, techniques, and technology; Efficient techniques and technological progress; Allocative efficiency, X -efficiency, and relative rationality; Invention, innovation, and the role of science; Product and process innovations; Dynamic economies of scale, product cycle, and innovation; The trigger effect and an illustration of the long-term effects on prices; Economic growth and aggregate measures of innovationCorrection for the changing (static) X-inefficiency Chapter two Inventive activity: distinct characteristics of nature and size; Public good quality of invention and game aspects of the invention/innovation process; Surges of basic inventions, innovative potentials, and variations in innovation rates; Chapter three Major time trends and cross-sectional tendencies: stylized facts; Major time trends; Major cross-sectional characteristics; The dominant innovation stimulus: technology-push versus demand-pull hypothesis; The interfirm variation in R&D expenditure: Mansfield's modelChapter four Market structure, rivalry, and innovation Market structure, R&D expenditure, and innovation: the Nordhaus model; Perfectly competitive industry with no spill-over effect; Oligopoly with free entry and a spill-over effect; The socially managed industry; Innovation, demand, and market structure: the Dasgupta-Stiglitz model; Process versus product innovation: the optimal mix under free entry; Oligopolistic (with free entry) versus socially managed industry when the spill-over effect is present; A note on strategic innovationChapter five Behavioural and evolutionary versus neoclassical theory of technical choice and innovation Key principles of the neoclassical theory of technical choice; The choice of techniques under perfect competition in an n -sector economy; Criticisms of the neoclassical theory; Natural selection and the evolutionary thesis; The 'behavioural approach'; The Nelson-Winter 'evolutionary' model of technical choice and innovation; Chapter six Innovation diffusion: theory and evidence; Two key stylized facts of innovation diffusionMathematical theory of spread of information and the logistic curve The Mansfield model; The Davies model; Some empirical findings; The game-theoretic approach: a model by Grindley; Chapter seven The behaviour of enterprises and innovation characteristics in centrally managed economies; The paradox of a high inefficiency and (until the late 1970's) respectable innovation rate; The discipline of the plan and the freedom of the firm; Systemic characteristics and policy aspects of innovation in centrally managed economies; Major systemic characteristics of the innovation processThe effects of Hungarian-type reformsIn this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps,Economic developmentEconomic developmentTechnological innovationsTechnological innovationsEconomic aspectsEconomic developmentEconomic development.Economic development.Technological innovations.Technological innovationsEconomic aspectsEconomic development338.06338.064Gomulka Stanislaw.124023AU-PeELAU-PeELAU-PeELBOOK9910783170403321Theory of technological change and economic growth33868UNINA