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Alternative theories on economic growth and the co-evolution of macro-dynamics and technological change : a survey

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  • Patrick Llerena

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique)

  • Andre Lorentz

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, Institute of Economics of Sant'Anna [Pisa] - SSSUP - Scuola Universitaria Superiore Sant'Anna = Sant'Anna School of Advanced Studies [Pisa])

Abstract

This paper aims to propose an approach to endogeneous growth considering the relationship between macro-dynamics and technical change. We draw upon two stream of literature: Cumulative causation and its macroscopic view of economic dynamics, and Evo-lutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representation of the growth process and identifies the possible bridges between these two approaches. Our claim 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 & Andre Lorentz, 2022. "Alternative theories on economic growth and the co-evolution of macro-dynamics and technological change : a survey," Working Papers hal-00279328, HAL.
    • Handle: RePEc:hal:wpaper:hal-00279328
    Note: View the original document on HAL open archive server: https://hal.science/hal-00279328
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    References listed on IDEAS

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    1. Edward J. Nell & Willi Semmler (ed.), 1991. "Nicholas Kaldor and Mainstream Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-10947-0, March.
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    6. Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-1255, December.
    7. Marjolein Caniëls & Bart Verspagen, 2003. "Spatial Distance in a Technology Gap Model," Advances in Spatial Science, in: Bernard Fingleton (ed.), European Regional Growth, chapter 5, pages 159-182, Springer.
    8. A. P. Thirlwall, 2015. "A Model of Regional Growth Rate Differences on Kaldorian Lines," Palgrave Studies in the History of Economic Thought, in: Essays on Keynesian and Kaldorian Economics, chapter 12, pages 286-301, Palgrave Macmillan.
    9. Chiaromonte, Francesca & Dosi, Giovanni, 1993. "Heterogeneity, competition, and macroeconomic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 4(1), pages 39-63, June.
    10. Bruno Amable, 1993. "Catch-up and convergence : a model of cumulative growth [[Rattrapage et convergence : un modèle de croissance cumulative]]," Post-Print hal-02707053, HAL.
    11. Patrick Llerena & Andre' Lorentz, 2003. "Cumulative Causation and Evolutionary Micro-Founded Technical Change: A Growth Model with Integrated Economies," LEM Papers Series 2003/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    12. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8, March.
    13. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    14. Fulvio Castellacci, 2001. "A Technology-gap Approach to Cumulative Growth -Toward an Integrated Model Empirical Evidence for Spain, 1960-1997," DRUID Working Papers 01-04, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    15. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.
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    Cited by:

    1. André Lorentz, . "Sectoral Specialisation and Growth Rate Differences Among Integrated Economies," The Electronic Journal of Evolutionary Modeling and Economic Dynamics, IFReDE - Université Montesquieu Bordeaux IV.
    2. Carton, Christine, 2008. "Crecimiento economico en America Latina: Evidencias desde una perspectiva Kaldoriana [Economic growth in Latin America: Evidence from a Kaldorian perspective]," MPRA Paper 8696, University Library of Munich, Germany.
    3. Hale AKBULUT, 2019. "The Economic Effects of Manufacturing Industrial Sector: An Input-Output Analysis," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    4. Mário Luiz Possas & Esther Dweck, 2005. "A Multisectoral Micro-Macrodynamic Model," Working Papers 0012, Universidade Federal do Paraná, Department of Economics.
    5. Borsato, Andrea & Lorentz, André, 2023. "The Kaldor–Verdoorn law at the age of robots and AI," Research Policy, Elsevier, vol. 52(10).
    6. Mario Luiz Possas & Esther Dweck, 2004. "A Multisectoral Micro-Macrodynamic Model e Crescimento Econômico: Uma Resenha Temática sobre a Nova Economia Institucional," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 5(3), pages 1-43.

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    Keywords

    Economic Growth; Technical Change; Cumulative Causation; Evolutionary Theory;
    All these keywords.

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