The long-term evolution of technological complexity and its relationship with economic growth

Tom Broekel () and Torben Klarl

Technovation, 2025, vol. 144, issue C

Abstract: Innovations are widely accepted as fundamental drivers of economic growth by increasing productivity and creating new markets. However, empirical evidence on the long-term relationship between technological progress and economic growth remains scarce, with few studies considering shifts in technologies' fundamental properties, such as their degree of complexity. Yet, higher levels of complexity are argued to increase technologies' economic potential, and consequently, ignoring this dimension of technologies provides an incomplete picture of innovations’ growth effects.

Date: 2025
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Working Paper: The long-term evolution of technological complexity and its relationship with economic growth (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:144:y:2025:i:c:s0166497225000653

DOI: 10.1016/j.technovation.2025.103233

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