2003/28 LEM Working Paper Series

Alternative Theories on Economic Growth and the Co-evolution of Macro-Dynamics and Technological Change: A survey.

Patrick Llerena, André Lorentz
Economic Growth, Technical Change, Cumulative Causation, Evolutionary Theory.

  JEL Classifications
O30, O40

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.

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