IDEAS home Printed from https://ideas.repec.org/a/cai/reofsp/reof_124_0347.html
   My bibliography  Save this article

On the Co-Evolution of Innovation and Demand: Some Policy Implications

Author

Listed:
  • Pier Paolo Saviotti
  • Andreas Pyka

Abstract

Long term economic development is characterized not only by increasing efficiency of economic activities but also by qualitative change within industries and increasing variety concerning the existence of different industries. Traditional economic growth models do not cope with the complex amalgam of these three trajectories of economic development nor could comprise the interactions among them. Furthermore, economic development is not a process which is spurred by supply-side effects but driven by the co-evolutionary interplay of supply and demand side forces. With our TEVECON model we analyze economic development driven by efficiency and quality improvements together with structural change and the co-evolution between innovation and demand. The first part of the paper introduces to the basic model and some general results. The second part of the paper deals with policy experiments which are undertaken by comparing different numerically analyzed scenarios.

Suggested Citation

  • Pier Paolo Saviotti & Andreas Pyka, 2012. "On the Co-Evolution of Innovation and Demand: Some Policy Implications," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 347-388.
    • Handle: RePEc:cai:reofsp:reof_124_0347
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_124_0347
    Download Restriction: free
    File URL: http://www.cairn.info/revue-de-l-ofce-2012-5-page-347.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Saviotti, Pier Paolo & Pyka, Andreas & Jun, Bogang, 2016. "Education, structural change and economic development," Structural Change and Economic Dynamics, Elsevier, vol. 38(C), pages 55-68.
    2. Saviotti, Pier Paolo & Pyka, Andreas, 2013. "From necessities to imaginary worlds: Structural change, product quality and economic development," Technological Forecasting and Social Change, Elsevier, vol. 80(8), pages 1499-1512.
    3. Marianna Epicoco, 2021. "Technological Revolutions and Economic Development: Endogenous and Exogenous Fluctuations," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1437-1461, September.
    4. Pier-Paolo Saviotti & Andreas Pyka, 2017. "Innovation, structural change and demand evolution: does demand saturate?," Journal of Evolutionary Economics, Springer, vol. 27(2), pages 337-358, April.
    5. Marianna Epicoco, 2021. "Technological Revolutions and Economic Development : Endogenous and Exogenous Fluctuations," Post-Print hal-03588838, HAL.
    6. Jean-Luc Gaffard & Mauro Napoletano, 2012. "Introduction - Improving the Toolbox: New Advances in Agent-Based and Computational Models," Post-Print hal-01053562, HAL.
    7. Teixeira, Aurora A.C. & Queirós, Anabela S.S., 2016. "Economic growth, human capital and structural change: A dynamic panel data analysis," Research Policy, Elsevier, vol. 45(8), pages 1636-1648.
    8. Marcia Cristiane Gruba & Danielle Denes & Rodrigo Cortopassi Goron Lobo & Andrew Jay Isaak, 2022. "Circular Economy Initiatives: Strategic Implications, Resource Management, and Entrepreneurial Innovation in a Brazilian Craft Beer Ecosystem during the COVID Era," Sustainability, MDPI, vol. 14(19), pages 1-20, September.
    9. Anabela Queirós & Aurora A.C. Teixeira, 2014. "Economic growth, human capital and structural change: an empirical analysis," FEP Working Papers 549, Universidade do Porto, Faculdade de Economia do Porto.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_124_0347. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-ofce.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.