This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...

Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...

The interest of the Fourth Industrial Revolution spurred by the German Industry 4.0 has sharply increased in developed countries such as the United States, Japan, Korea and so on. The Japanese government officially considers the “Fourth Industrial Revolution” as one of main new growth...

This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...

This paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations...

Political systems shape institutions and govern institutional change supporting economic performance, production and diffusion of technological innovation. This study shows, using global data of countries, that institutional change, based on a progressive democratization of countries, is a...

The main aim of this study is to explain how institutional change, based on processes of democratization, governs the origin and diffusion of technological innovation across economies. This study suggests that institutional change, based on a progressive democratization of countries, is a...

The fundamental problem in the field of technology studies is how technology evolves and sustains economic change in human society. This study confronts the problem here by proposing the theory of technological host-parasites coevolution, an approach that may be useful for bringing a new...

We analyze the implications of entrepreneurial spawning for a variety of firm characteristics such as size, focus, profitability, and innovativeness. We examine the dynamics of spawning over time. Our model accounts for much of the empirical evidence relating to the relation between spawning and...

The "just-so" happy story told by global trade proponents that promised that the loss of manufacturing jobs would be made up by the increase in "service sector" jobs is not supported by the BDS data, and it is just now dawning on state government officials that there is something seriously wrong...