Technical Change, Growth and Trade: New Departures in Institutional Economics

Daniele Archibugi and Jonathan Michie

Journal of Economic Surveys, 1998, vol. 12, issue 3, 313-332

Abstract: This article analyses the main theoretical and policy issues emerging from the literature on the evolutionary‐institutional economics of technical change, the four distinguishing characteristics of which are that technology is often proprietary in nature; only a part of knowledge is codifiable in handbooks, blueprints, patents, and so on; there are fundamental variations in the above two points across different technological fields; and the evolution of knowledge is highly path‐dependent.

Date: 1998
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