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Innovation and economic change

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  • Mario Pianta

Abstract

This essay takes stock of the search for effectively integrating the analysis of technological change in economic theory, pointing out the need for bridging Schumpeterian and evolutionary perspectives on innovation with post-Keynesian approaches to growth and structural change. The challenge facing scholars in this field is to account for the diversity and complexity of technological change while addressing at the same time macroeconomic and structural dynamics, issues of demand and distribution. This challenge is addressed in various ways by the articles published in this special issue of Economics of Innovation and New Technologies and a summary of their contribution is provided in this opening article. They have in common an exploration on issues at the frontier of innovation research, attention to industry-level dynamics, novel – and widely different – methodological and modelling tools. The results of these articles are discussed in the light of the research trajectories investigating the two-way links between innovation and economic change.

Suggested Citation

  • Mario Pianta, 2017. "Innovation and economic change," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(8), pages 683-688, November.
    • Handle: RePEc:taf:ecinnt:v:26:y:2017:i:8:p:683-688
    DOI: 10.1080/10438599.2016.1257447
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    References listed on IDEAS

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    1. Landesmann,Michael A. & Scazzieri,Roberto (ed.), 2009. "Production and Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521114257, January.
    2. Giovanni Dosi, 2012. "Economic Organization, Industrial Dynamics and Development," Books, Edward Elgar Publishing, number 13145.
    3. Freeman, Chris & Louca, Francisco, 2002. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199251056.
    4. Giovanni Dosi & Keith Pavitt & Luc Soete, 1990. "The Economics of Technical Change and International Trade," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1990, November.
    5. Marco Vivarelli, 1995. "The Economics of Technology and Employment," Books, Edward Elgar Publishing, number 458.
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    Cited by:

    1. Zhangqi Zhong & Lingyun He, 2022. "Macro-Regional Economic Structural Change Driven by Micro-founded Technological Innovation Diffusion: An Agent-Based Computational Economic Modeling Approach," Computational Economics, Springer;Society for Computational Economics, vol. 59(2), pages 471-525, February.
    2. Calin S. Vac & Avram Fitiu, 2017. "Building Sustainable Development through Technology Transfer in a Romanian University," Sustainability, MDPI, vol. 9(11), pages 1-22, November.
    3. Antonelli, Cristiano & Feder, Christophe, 2020. "The new direction of technological change in the global economy," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 1-12.
    4. Pianta, Mario & Reljic, Jelena, 2021. "Employment quality, economic performance and wages in Europe. Exploring the virtuous circle," MPRA Paper 109797, University Library of Munich, Germany.

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