Institutions, ”Social Technologies”, and Economic Progress

Richard Nelson

No 2007-03, Globelics Working Paper Series from Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management

Abstract: This paper aims to put together two strands of economic analysis. One is concerned with technological progress as the key driving force behind economic development. The other is concerned with the role of institutions in shaping economic activity, and with how institutions change in the process of economic development. The argument developed in the paper is that technologies and institutions co-evolve.

Keywords: Institutions; technologies; co-evolution; economic development (search for similar items in EconPapers)
JEL-codes: O1 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:aal:glowps:2007-03

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