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On the Economics of Structural Change and the Evolution of Technology

In: Structural Change, Economic Interdependence and World Development

Author

Listed:
  • J. S. Metcalfe

    (University of Manchester)

  • M. Gibbons

    (University of Manchester)

Abstract

The problem with which we are concerned in this paper is the relationship between technological change and structural change. The historical record shows new technology to be of central importance in the history of modern industrial nations, and yet this same phenomenon has proved resilient to attempts to incorporate it within formal economic theory. Our purpose is to develop a framework for the integration of technical change into the economic analysis of structural growth and development. In particular we wish to understand the forces which determine the growth rate of an industry and how these forces change over time in a systematic way.

Suggested Citation

  • J. S. Metcalfe & M. Gibbons, 1987. "On the Economics of Structural Change and the Evolution of Technology," International Economic Association Series, in: Luigi Pasinetti & Peter Lloyd (ed.), Structural Change, Economic Interdependence and World Development, chapter 7, pages 91-102, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-18840-6_7
    DOI: 10.1007/978-1-349-18840-6_7
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    Cited by:

    1. Riccardo Leoncini & Francesco Rentocchini & Giuseppe Vittucci Marzetti, 2008. "You Won the Battle. What about the War? A Model of Competition between Proprietary and Open Source Software," Department of Economics Working Papers 0811, Department of Economics, University of Trento, Italia.
    2. John Stanley Metcalfe, 2003. "Industrial Growth and the Theory of Retardation. Precursors of an Adaptive Evolutionary Theory of EconomicChange," Revue économique, Presses de Sciences-Po, vol. 54(2), pages 407-431.

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