The theory of technological change and economic growth / / Stanislaw Gomulka

• Autore: Gomulka Stanislaw
• Pubblicazione: London ; ; New York : , : Routledge, , 1990
• Descrizione fisica: 1 online resource (496 p.)
• Disciplina: 338.06; 338.064
• Soggetto topico: Economic development; Technological innovations; Technological innovations - Economic aspects
• Soggetto genere / forma: Electronic books.
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references (pages 233-255) and index.
• Nota di contenuto: 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 innovation ; Correction 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 model ; Chapter 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 innovation ; Chapter 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 diffusion ; Mathematical 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 process ; The effects of Hungarian-type reforms
• Sommario/riassunto: In 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,
• Titolo autorizzato: Theory of technological change and economic growth
• ISBN: 1-134-94069-6; 1-134-94070-X; 1-282-37339-0; 9786612373398; 0-203-01305-0
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910450245803321
• Lo trovi qui: Univ. Federico II