Accumulation of Capabilities, Structural Change, and Macro Prices: an Evolutionary and Structuralist Roadmap

Mario Cimoli and Gabriel Porcile ()
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Mario Cimoli: ECLAC

Chapter 2.1 in The Industrial Policy Revolution II, 2013, pp 73-113 from Palgrave Macmillan

Abstract: Abstract Both economic history and economic theory generally acknowledge a deep relationship between technical change and economic development. It is quite intuitive that improvements in the efficiency of production techniques or in product performances may be a determinant or at least a condition for growth in productivity and industrialization. The opening of the technological black box has often gone hand in hand with important insights on how learning and technological capabilities develop in less developed economies. Studies on the sources, mechanisms, and patterns of learning and its microeconomic impact on productivity growth have flourished over the last four decades.

Keywords: Productivity Growth; Technical Change; Real Exchange Rate; Industrial Policy; Capital Good (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-33523-4_4

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DOI: 10.1057/9781137335234_4

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