Localized technological change

Kristiaan Kerstens, Jens J. Krüger and Zhiyang Shen

Chapter 41 in Elgar Encyclopedia on the Economics of Knowledge and Innovation, 2022, pp 332-340 from Edward Elgar Publishing

Abstract: We trace back the origin of the notion of localized technological change to Atkinson and Stiglitz (1969) and Stiglitz (1987). Then, we succinctly sketch the economic theory and implications of such a notion of localized technological change in detail through the work of Acemoglu, Antonelli, and others. Finally, we provide attention to the small rather recent literature that has provided an operational definition of this notion of localized technological change and its implications using nonparametric production frontier estimations rooted in activity analysis. We summarize this small empirical literature and sketch some avenues for future work.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2022
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