The Economics of Localized Technological Change and Industrial Dynamics

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 Localized Technological Change elaborates the notion of localized technology with respect to firms, factor substitution, sectors, regions and techniques. It also assesses the implications for industrial policy, technology and innovation policy. The book will be of interest to corporate policy makers, scholars of industrial organization and economics of innovation as well as business school students.
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Product details

  • Hardback | 183 pages
  • 164.6 x 242.8 x 18.3mm | 467.21g
  • Dordrecht, Netherlands
  • English
  • 1995 ed.
  • 3 Tables, black and white; VII, 183 p.
  • 0792329104
  • 9780792329107

Table of contents

I. Introduction: Localized Technological Change. A Survey and Critique. Part One: II. Adjustment Costs: Innovating versus Switching. III. The Dynamics of Localized Technological Change. A Model Incorporating Switching Costs and R&D Expenditures with Endowment Advantages. IV. Localized Technological Change Demand Pull and Productivity Growth. A Microeconomic Model with Switching Costs. V. Localized Technological Change and Schumpeterian Growth Regimes. VI. The Diffusion of Localized Technological Changes. VII. Productivity Growth and the Diffusion of New Technological Systems. The Case of New Information Technology. Part Two: VIII. Localized Technological Change and Industrial Organization. IX. Technical Diversity and Industrial Dynamics in Global Markets. X. Specialization versus Diversification: Generic and Localized Knowledge. XI. Networks: Variety and Complementarity. XII. The Dynamics of Networks. XIII. Conclusions. XIV. Bibliography. Index.
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