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Co-Evolution of Macro-Dynamics and Technological Change : an Alternative View on Growth

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  • Patrick Llerena
  • André Lorentz

Abstract

[fre] Cet article cherche à développer une approche endogène de la croissance permettant de mettre en évidence les interactions entre la dynamique macroéconomique et le processus de changement technologique. Nous baserons notre analyse sur deux courants hétérodoxes de la théorie de la croissance : l'approche dite de la croissance cumulative et la théorie évolutionniste. Le premier, développé à partir des travaux de N. Kaldor, propose une approche macroéconomique de la croissance tirée par la demande. Le second considère la croissance comme résultant des processus micro-économiques liés à la technologie et à son évolution. Cet article propose une revue de ces deux courants de pensée, met en évidence leur complémentarité pour finalement les intégrer dans un même cadre d'analyse. [eng] This paper proposes an approach to endogenous growth considering the relationship between macro-dynamics and technical change. We draw upon two streams of literature : Cumulative causation and its macroscopic view of economic dynamics ; and Evolutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representations of the growth process, identifies the possible bridges between these two approaches, and proposes a formal framework of analysis. Our daim is that merging these two distinct theories might offer a framework to consider the co-evolution of macro-dynamics and technical change.

Suggested Citation

  • Patrick Llerena & André Lorentz, 2004. "Co-Evolution of Macro-Dynamics and Technological Change : an Alternative View on Growth," Revue d'Économie Industrielle, Programme National Persée, vol. 105(1), pages 47-70.
    • Handle: RePEc:prs:recind:rei_0154-3229_2004_num_105_1_3035
    DOI: 10.3406/rei.2004.3035
    Note: DOI:10.3406/rei.2004.3035
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    Cited by:

    1. Oliveira, Francisco H.P. & Jayme, Frederico Jr. & Lemos, Mauro B., 2006. "Increasing returns to scale and international diffusion of technology: An empirical study for Brazil (1976-2000)," World Development, Elsevier, vol. 34(1), pages 75-88, January.
    2. Maria Savona & André Lorentz, 2005. "Demand and Technology Determinants of Structural Change and Tertiarisation: An Input-Output Structural Decomposition Analysis for four OECD Countries," LEM Papers Series 2005/25, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Borsato, Andrea & Lorentz, André, 2023. "The Kaldor–Verdoorn law at the age of robots and AI," Research Policy, Elsevier, vol. 52(10).
    4. Patrick Llerena & André Lorentz, 2004. "Cumulative Causation and Evolutionary Micro-Founded Technical Change. On the Determinants of Growth rate Differences," Revue économique, Presses de Sciences-Po, vol. 55(6), pages 1191-1214.
    5. Andrea Borsato & Andre Lorentz, 2023. "Open Science vs. Mission-oriented Policies and the Long-run Dynamics of Integrated Economies: An Agent-based Model with a Kaldorian Flavour," Working Papers of BETA 2023-17, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

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