Some Conclusions on Technical Change and Technological Diffusion as an Introduction to Macroeconomic Transformation

Giovanni Dosi

Chapter 5 in Technical Change and Industrial Transformation, 1984, pp 284-303 from Palgrave Macmillan

Abstract: Abstract The effects of technical change are not confined within any single industrial sector. The dynamics of each industry influences and is influenced by the patterns of change in the other industries by means of inter-industrial diffusion of innovations, changes in relative prices and relative profitabilities, and derived patterns of demand for the output of each industry sector which feature as an input in other industries’ techniques of production. Furthermore, there are a few directly macroeconomic dimensions related to the inter-sectoral adjustment mechanisms based on capital movements and to the relationship between technical change, on the one hand, and effective aggregate demand, foreign balances and international specialisation, on the other.

Keywords: Technical Change; Technical Progress; Semiconductor Industry; Capital Mobility; International Investment (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17521-5_5

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DOI: 10.1007/978-1-349-17521-5_5

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