Localized and Biased Technologies: Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Daron Acemoglu

No 20060, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three complementary but different approaches are useful in the study of a range of current research areas though they may also yield different answers to important questions. It concludes by highlighting several important areas where these ideas can be fruitfully applied in future work.

JEL-codes: E25 J31 O30 O31 O33 (search for similar items in EconPapers)
Date: 2014-04
New Economics Papers: this item is included in nep-his, nep-hpe, nep-ino, nep-mac and nep-tid
Note: DEV EFG
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Citations: View citations in EconPapers (6)

Published as Daron Acemoglu, 2015. "Localised and Biased Technologies: Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change," Economic Journal, Royal Economic Society, vol. 0(583), pages 443-463, 03.

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Journal Article: Localised and Biased Technologies: Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change (2015)
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