EconPapers    
Economics at your fingertips  
 

Innovation, Diffusion and Cumulative Causation: Changes in the Spanish Growth Regime, 1960-2001

Fulvio Castellacci and Isabel Alvarez ()

International Review of Applied Economics, 2006, vol. 20, issue 2, 223-241

Abstract: This article presents a model of macroeconomic growth that combines in a single formalization two complementary views on innovation and economic growth, the technology-gap approach and the Kaldorian theory of cumulative causation. The model suggests that what matters for economic growth in the long run is the existence of a good match between the patterns of technological change, income distribution and demand growth. The model is estimated for the Spanish economy during the period 1960-2001, and the econometric results show that important changes have happened in its growth regime over time. Since the 1980s, innovation and diffusion of new technologies provide a greater stimulus to productivity growth, but the technology push on the supply-side is not sustained by the prevailing patterns of income distribution and demand growth.

Keywords: Innovation; diffusion; cumulative causation; economic growth (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/02692170600581144 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Innovation, diffusion and cumulative causation: changes in the Spanish growth regime, 1960-2001 (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:irapec:v:20:y:2006:i:2:p:223-241

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CIRA20

DOI: 10.1080/02692170600581144

Access Statistics for this article

International Review of Applied Economics is currently edited by Professor Malcolm Sawyer

More articles in International Review of Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2024-07-04
Handle: RePEc:taf:irapec:v:20:y:2006:i:2:p:223-241