Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey

Patrick Llerena and André Lorentz

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: This paper aims to propose an approach to endogeneous growth considering the relationship between macro-dynamics and technical change. We draw upon two stream of literature: Cumulative causation and its macroscopic view of economic dynamics, and Evo-lutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representation of the growth process and identifies the possible bridges between these two approaches. Our claim 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. (search for similar items in EconPapers)
Date: 2003-12-29
New Economics Papers: this item is included in nep-dev, nep-hpe and nep-mac
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Citations: View citations in EconPapers (6)

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Working Paper: Alternative theories on economic growth and the co-evolution of macro-dynamics and technological change: a survey (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2003/27

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