Dynamics of introducing innovations in agriculture: a critique of the neoclassical approachna agricultura: uma crítica a abordagem neo-clássica

Ademar Ribeiro Romeiro ()

Brazilian Journal of Political Economy, 1991, vol. 11, issue 1, 44-57

Abstract: This paper presents the theoretical foundations of the induced innovation model.We try to show its inadequacy to explain the rise of a new technological paradigm. Thevalidity of the model is restricted by its central hypothesis as to the economic rationalityof productive agents that are induced to introduce innovations to save the more expensiveproduction factor. Supply-side constraints on innovations are neglected, but they are veryimportant to explain the technical and scientific characteristics that define a new technologicalpattern; so, the factor-saving bias is the only thing the model can say about a newtechnological paradigm to be generated. JEL Classification: Q16; Q18; O33

Keywords: Innovation; technological change; agriculture; Hayami-Ruttan model (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:11:y:1991:i:1:p:44-57:id:1447

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