Technology Diffusion, International Competition and Effective Demand

Michael Landesmann and Robert Stehrer

Revue d'Économie Industrielle, 2004, vol. 105, issue 1, 23-46

Abstract: [fre] Ce papier étudie des questions relatives à trois caractéristiques de la croissance économique des années 80 et 90. Le papier développe un modèle d'économies intégrées (par le commerce et l'investissement direct international) qui vise à examiner ces caractéristiques précédemment notées. Il possède des traits schumpétériens et keynésiens en ce qu'il décrit les modifications de la répartition du produit qui accompagne les processus de diffusion des nouvelles technologies (l'émergence des rentes schumpétériennes) et discute les questions de demande effective soulevées par les modifications de la répartition et le processus de rattrapage. [eng] This paper analyses a number of issues which were characteristic of the growth processes of advanced economies in the 1980s and 1990s : (i) there was an important diffusion process of a new general purpose technology (GPT); (ii) as a broad characterisation, one can say that the US took on the role as an « innovator » in introducing this GPT with Europe broadly following ; (iii) there was a speed up of catching-up of a sub-group of developing economies (South East Asian, later China and India) in an era of increasing globalisation ; (iv) both factors (i) and (iii) should in principle have given a boost to global economic growth ; however, for quite some time, it looks as if actual growth is in a more precarious state in advanced economies than in the earlier post-war period.

Date: 2004
Note: DOI:10.3406/rei.2004.3034
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