Co-Evolution of Macro-Dynamics and Technological Change: an Alternative View on Growth

Patrick Llerena and André Lorentz

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Abstract: This paper proposes an approach to endogenous growth considering the relationship between macro-dynamics and technical change. We draw upon two streams of literature : Cumulative causation and its macroscopic view of economic dynamics ; and Evolutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representations of the growth process, identifies the possible bridges between these two approaches, and proposes a formal framework of analysis. Our daim is that merging these two distinct theories might offer a framework to consider the co-evolution of macro-dynamics and technical change.

Keywords: Economic growth; Technical change; Cumulative causation; Evolutionary theory; Croissance économique; Changement technique; Croissance cumulative; Théorie évolutionniste (search for similar items in EconPapers)
Date: 2004
Note: View the original document on HAL open archive server: https://hal.science/hal-03186240v1
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Published in Revue d'économie industrielle , 2004, 105 (1), pp.47-70. ⟨10.3406/rei.2004.3035⟩

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Journal Article: Co-Evolution of Macro-Dynamics and Technological Change: an Alternative View on Growth (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03186240

DOI: 10.3406/rei.2004.3035

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