Showing 1 - 6 of 6
This paper presents a survey of theoretical models of heterogeneity, growth and competitiveness. We compare two main theoretical traditions, evolutionary economics and mainstream heterogeneity models, in order to investigate whether the incorporation of heterogeneous agents has made the recent...
Persistent link: https://www.econbiz.de/10008765912
This paper looks at the convergence clubs literature from a Schumpeterian perspective, and it follows the idea that cross-country differences in the ability to innovate and to imitate foreign technologies determine the existence of clustering, polarization and convergence clubs. The study...
Persistent link: https://www.econbiz.de/10008765916
The article presents a critical review of evolutionary and new growth theories. The purpose is to discuss the often-made claim that the two approaches, both inspired by Schumpeter’s seminal work, are becoming more and more similar in terms of the sources and mechanisms of the growth process on...
Persistent link: https://www.econbiz.de/10008765928
This article presents a model of macroeconomic growth that combines in a single formalization two complementary views on innovation and economic growth, the technology-gap approach and the Kaldorian theory of cumulative causation. The model suggests that what matters for economic growth in the...
Persistent link: https://www.econbiz.de/10008765933
The article discusses a critical realist interpretation of evolutionary growth theorising by focusing on some of its basic characteristics. The evolutionary ontology is complex, differentiated, structured, systemic, open, ever-changing, and radically uncertain. Its methodology tends to be...
Persistent link: https://www.econbiz.de/10008765936
The convergence clubs literature in applied growth theory suggests that countries that differ in terms of structural characteristics and initial conditions tend to experience diverging growth performances. What is the role of technological knowledge for the formation of clubs? The paper...
Persistent link: https://www.econbiz.de/10008765940