The Economics of Localized Technological Change and Industrial Dynamics
C. Antonelli
Gebundenes Buch

The Economics of Localized Technological Change and Industrial Dynamics

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The concept of localized technological change is emerging at the crossroads of different approaches to the economics of innovation and new technologies. The term `localized technological change' refers to the introduction of technological changes which make possible an increase in total factor productivity within only a limited range of techniques defined by the levels of factor intensity. This contrasts with `generalized technological change', which is defined as the global shift of all the techniques represented on the map of isoquants of the neoclassical tradition. The Economics of Localiz...