Search Results for economic-transformations-general-purpose-technologies-and-long-term-economic-growth

This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place.

Author: Richard G. Lipsey

Publisher: OUP Oxford

ISBN: 0191558095

Category: Business & Economics

Page: 618

View: 594

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This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. Early modern science is given more importance than in most other treatments and the 19th century demographic revolution is studied with a combination of formal models of population dynamics and historical analysis. The authors argue that once sustained growth was established in the West, formal models can shed much light on its subsequent behaviour. They build non-conventional, dynamic, non-stationary equilibrium models of GPT-driven growth that incorporate a range of phenomena that their historical studies show to be important but which are excluded from other GPT models in the interests of analytical tractability. The book concludes with a study of the policy implications that follow from their unique approach.
2005-11-03 By Richard G. Lipsey

This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place.

Author: Richard George Lipsey

Publisher: Oxford University Press on Demand

ISBN: 0199285640

Category: Business & Economics

Page: 595

View: 975

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This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by pervasive technologies now known as General Purpose (GPTs). They establish an alternative to the standard growth models that use an aggregate production function and then introduce the concept of GPTs, complete with a study of how these technologies have transformed the West since the Neolithic Agricultural Revolution. Early modern science is given more importance than in most other treatments anf the 19th century demographic revolution is studied with a combination of formal models of population dynamics and historical analysis. The authors argue that once sustained growth was established in the West, formal models can shed much light on its subsequent behaviour. They build non-conventional, dynamic, non-stationary equilibrium models of GPT-driven growth that incorporate a range of phenomena that their historical studies show to be important but which are excluded from other GPT models in the interests of analytical tractability. The book concludes with a study of the policy implications that follow from their unique approach.

3Helpman, E. (1998): General Purpose Technologies and Economic Growth. Cambridge, Mass.: MIT Press, Lipsey, R. G., K. Carlaw, and C. Bekar (2005): Economic Transformations: General Purpose Technologies and Long-Term Economic Growth.

Author: Hiroshi Shimizu

Publisher: Springer

ISBN: 9789811337147

Category: Business & Economics

Page: 312

View: 685

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This book focuses on exploring the relationship between spin-outs from incumbents and the patterns of innovation in general purpose technology. Do spin-outs really promote innovation? What happens if star scientists leave the incumbents and establish a startup to target untapped markets? Entrepreneurial spin-outs have been recognized as an engine of innovation. General purpose technology, such as the steam engine in the Industrial Revolution, has been considered an engine of growth. This book provides new perspectives on how entrepreneurial spin-outs shape the patterns of innovation in general purpose technology by integrating theoretical findings in industrial organizations and includes innovation studies and detailed evidence from a longitudinal case study. Concretely, by longitudinally exploring the technological development of laser diodes in the USA and Japan, this study examines how the existence or absence of an entrepreneurial strategic choice for spin-outs influences the patterns of subsequent technological development. The longitudinal analysis in this book shows that spin-outs could hinder the subsequent development of existing technology when that technology is still at a nascent level, because the cumulative effects of technological development could disappear if research and development personnel leave their parent firms in order to target different sub-markets. The findings of this book show that institutional settings designed to promote spin-outs do not necessarily promote innovation. The book offers novel theoretical insights into the relationship between institutions promoting spin-outs and the developments of general purpose technology.
2019-05-17 By Hiroshi Shimizu

Kondratieff, N. and Stolper, W.: 1935, The long waves in economic life, The Review of Economics and Statistics 17(6), ... K. and Bekar, C.: 2005, Economic Transformations: General Purpose Technologies and Long Term Economic Growth, ...

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Publisher: KIT Scientific Publishing

ISBN: 9783866449152

Category:

Page:

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Diffusion of general purpose technologies (No. w5773). National Bureau of Economic ... Economic transformations: General purpose technologies and long-term economic growth: General purpose technologies and long-term economic growth.

Author: Ewa Lechman

Publisher: Springer

ISBN: 9783319182544

Category: Business & Economics

Page: 308

View: 178

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This book provides an extensive overview of the diffusion of Information and Communication Technologies (ICTs) in developing countries between 2000 and 2012. It covers issues such as country-specific ICT diffusion patterns, technological substitution and technological convergence. By identifying social, economic and institutional prerequisites and analyzing critical country-specific conditions, the author develops a new approach to explaining the emergence of their technological takeoff. Readers will discover how developing countries are now adopting ICTs, rapidly catching up with the developed world in terms of ICT access and use.
2015-06-22 By Ewa Lechman

Antonelli C, Krafft J, Quatraro F (2010) Recombinant knowledge and growth: the case of ICTs. ... Cambridge, MA Lipsey RG, Carlaw KI, Bekar C (2005) Economic transformations: general purpose technologies, and long-term economic growth.

Author: Nigel Gilbert

Publisher: Springer

ISBN: 9783662435083

Category: Business & Economics

Page: 248

View: 472

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The competitiveness of firms, regions and countries greatly depends on the generation, dissemination and application of new knowledge. Modern innovation research is challenged by the need to incorporate knowledge generation and dissemination processes into the analysis so as to disentangle the complexity of these dynamic processes. With innovation, however, strong uncertainty, nonlinearities and actor heterogeneity become central factors that are at odds with traditional modeling techniques anchored in equilibrium and homogeneity. This text introduces SKIN (Simulation Knowledge Dynamics in Innovation Networks), an agent-based simulation model that primarily focuses on joint knowledge creation and exchange of knowledge in innovation co‐operations and networks. In this context, knowledge is explicitly modeled and not approximated by, for instance, the level of accumulated R&D investment. The SKIN approach supports applications in different domains ranging from sector-based research activities in knowledge-intensive industries to the activities of international research consortia engaged in basic and applied research. Following a general description of the SKIN model, several applications and modifications are presented. Each chapter introduces in detail the structure of the model, the relevant methodological considerations and the analysis of simulation results, while options for empirically validating the models’ structure and outcomes are also discussed. The book considers the scope of further applications and outlines prospects for the development of joint modeling strategies.
2014-07-22 By Nigel Gilbert

References Arthur B (1994) Increasing returns and path-dependence in the economy. ... Edward Elgar, Cheltenham Lipsey RG, Carlaw KI, Bekar C (2005) Economic transformations: general purpose technologies and long-run economic growth.

Author: Andreas Pyka

Publisher: Springer Science & Business Media

ISBN: 9783642351259

Category: Business & Economics

Page: 483

View: 170

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The book gives an overview of important research topics recently addressed in evolutionary Neo-Schumpeterian Economics. The list of research questions and applications of Neo-Schumpeterian reasoning impressively demonstrates the rich possibilities ranging from theoretical issues addressing human behaviour to applied areas like the emergence of biotechnology in developing countries, the role of innovation on financial markets and the R&D strategies of multinational enterprises. The chapters in this book bring together a rich set of new analytical and empirical methodologies which allow for new relevant and rigorous insights in innovation processes which are responsible for economic development and structural change.​
2013-06-22 By Andreas Pyka

Lipsey RG, Carlaw KI, Bekar CT (2005) Economic transformations: general purpose technologies and long-term economic growth: general purpose technologies and long-term economic growth. Oxford University Press, Oxford Loasby B (1999) ...

Author: Andreas Chai

Publisher: Springer

ISBN: 9783030024239

Category: Business & Economics

Page: 189

View: 265

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The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?
2019-05-11 By Andreas Chai

development of Information and Communication Technology (ICT), which has been an enabling general purpose technology since the 1990s onwards. ... Economic Transformations: General Purpose Technologies and Long Term Economic Growth.

Author: Ivan Luzardo-Luna

Publisher: Springer Nature

ISBN: 9783030257552

Category: Business & Economics

Page: 154

View: 200

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Looking at the years 1870-2016, this book analyses the reasons behind Colombia’s chronically slow economic growth. As a comparative economic history, it examines why Colombia has seen lower growth rates than countries with similar institutions, culture and colonial origins, such as Argentina in 1870-1914, Mexico in 1930-1980, and Chile from 1982 onwards. While Colombia's history has shown relative macroeconomic stability, it has also shown a limited capacity for integrating into the world economy and embracing technological breakthroughs compared to the rest of the world, including steam, mass production and Information Technology. This volume thus moves away from the long-held view that institutional path dependence is the main determinant of differences in long-run economic growth across countries.
2019-11-07 By Ivan Luzardo-Luna

Indeed, we might well extend the model of the general purpose technology back through time to include the control of ... 26 Richard G. Lipsey et al., Economic Transformations: General Purpose Technologies and Long-Term Economic Growth ...

Author: John L. Brooke

Publisher: Cambridge University Press

ISBN: 9780521871648

Category: History

Page: 631

View: 563

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Climate Change and the Course of Global History presents the first global study by a historian to fully integrate the earth-system approach of the new climate science with the material history of humanity. Part I argues that geological, environmental, and climatic history explain the pattern and pace of biological and human evolution. Part II explores the environmental circumstances of the rise of agriculture and the state in the Early and Mid-Holocene, and presents an analysis of human health from the Paleolithic through the rise of the state, including the Neolithic Demographic Transition. Part III introduces the problem of economic growth and examines the human condition in the Late Holocene from the Bronze Age through the Black Death, assessing the relationships among human technologies, climatic change, and epidemic disease. Part IV explores the move to modernity, stressing the emerging role of human economic and energy systems as earth-system agents in the Anthropocene. Supported by climatic, demographic, and economic data with forty-nine figures and tables custom-made for this book, A Rough Journey provides a pathbreaking model for historians of the environment, the world, and science, among many others.
2014-03-17 By John L. Brooke