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Technical Change, Growth and Trade: New Departures in Institutional Economics
Author(s) -
Archibugi Daniele,
Michie Jonathan
Publication year - 1998
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/1467-6419.00058
Subject(s) - blueprint , economics , evolutionary economics , technical change , neoclassical economics , technological change , path dependent , path (computing) , institutional change , economic geography , macroeconomics , mathematical economics , political science , productivity , computer science , public administration , mechanical engineering , engineering , programming language
This article analyses the main theoretical and policy issues emerging from the literature on the evolutionary‐institutional economics of technical change, the four distinguishing characteristics of which are that technology is often proprietary in nature; only a part of knowledge is codifiable in handbooks, blueprints, patents, and so on; there are fundamental variations in the above two points across different technological fields; and the evolution of knowledge is highly path‐dependent.