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Co-evolution of Industry Structure, Technology and Supporting Institutions, and the Making of Comparative Advantage

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  • Richard Nelson

Abstract

In recent years,a considerable body of research has been established on the co-evolution of technology and industry structure, from the time that the technology is young to the time when it is mature· A somewhat smaller body of research has been established on how private and public institutions, and public programs and policies co-evolved with a technology and industry· It is proposed here that nations differ in their pace and pattern of institutional response to the birth and development of an industry, and that the locus of comparative advantage is largely determined by these different kinds of national response.

Suggested Citation

  • Richard Nelson, 1995. "Co-evolution of Industry Structure, Technology and Supporting Institutions, and the Making of Comparative Advantage," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 2(2), pages 171-184.
    • Handle: RePEc:taf:ijecbs:v:2:y:1995:i:2:p:171-184
    DOI: 10.1080/758519306
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    References listed on IDEAS

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    1. 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.
    2. Chandler, Alfred D., 1990. "Scale and Scope: A Review Colloquium - Scale and Scope: The Dynamics of Industrial Capitalism. By Alfred D. ChandlerJr., with Takashi Hikino · Cambridge, Mass.: Harvard University Press, 1990. xix + 8," Business History Review, Cambridge University Press, vol. 64(4), pages 690-735, January.
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    More about this item

    Keywords

    co-evolution; industry structure; technology; comparative advantage; JEL classifications: O3; L0; F2; H4;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L0 - Industrial Organization - - General
    • F2 - International Economics - - International Factor Movements and International Business
    • H4 - Public Economics - - Publicly Provided Goods

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