This paper shows that there have been important changes in how the global economic system works. A high growth regime has gradually been substituted by one of low growth. This change appears to be especially pronounced for small economies. Until the end of the 1980s the scope for technological...

During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and “evolutionary” ideas in economics more generally. A professional society honouring Schumpeter’s name has been founded, and linked to it we have had for more than fifteen years now a...

John Cornwall built his analysis of Modern Capitalism on a combination of two strands of thought; the Schumpeter-Svennilson view of capitalist development as a process of qualitative change driven by innovation and diffusion of technology, and the Kaldorian idea of static and dynamic economies...

This paper contains an overview and interpretation of the literature on economic growth. It is argued that, first and foremost, growth theory is about vision. It is concerned with questions such as: Where are we heading, and why? What are the options? Which actions are needed to arrive at the...

We start by laying out some stylized facts on regional growth in Europe from 1960 onwards (Section 2). On this basis we proceed in Section 3 to an econometric analysis on how these facts can be explained, allowing for a broad range of causal factors as well as the possibility that the dynamics...

This paper reviews the literature on technology and competitiveness. First, the concept of the international competitiveness of a country, and various theoretical approaches on the relationship between trade and growth, are discussed. Then a number of empirical studies of the impact of...

In recent years the research on the relation between technology and economic growth has flourished. This paper presents a brief overview of different theoretical perspectives in this area; the old orthodox theory (that of Robert Solow and others), more heterodox approaches, and the new orthodox...

The purpose of this study is to explore the relationship between competitiveness, scale and R&D with the held of OECD databases and the ongoing work in the OECD on embodied technology flows. The analysis is based on data for ten OECD counteies and 22 industries in 1985. The results suggest that...

The character of the structural changes in international trade, and the possibility that these might impact countries differently, has been a matter of great concern for many observers from the 1950s onwards. The view that all sectors do not offer the same prospects for growth, and that the...

“Technology” and “competitiveness” are two of the most popular buzz-words of our time. Increasingly policy makers on both sides of the Atlantic link the two. But what do we really mean when we talk about the international competitiveness of a country? And what does technology have to do...