- A-Z
- Jena Economic Resea...
- Volume 2
- Habakkuk revisited:...
- Autor(in)
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Friedrich-Schiller-Universität Jena. Wirtschaftswissenschaftliche Fakultät
- Erschienen
- 22. August 2008
- Nummer des Discussion-Papers
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2008-064
- Schlagwort(e)
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Demand
History Friendly Model
Innovation
- Zusammenfsg.
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This paper presents a History Friendly Model which addresses the issue of the bifurcation in “technological styles” between US and Britain during the nineteenth century. The model aims at gaining a better understanding of the micro-dynamics that gave rise to different patterns of innovation in the two countries. In particular, we suggest that different demand patterns might be an explanation for the faster diffusion of capital intensive technologies in the US. Simulation results confirm this hypothesis, although only when we jointly control for the role of technological opportunities.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- evolutionary economics
- JEL-Classification for JER
- O3 - Technological Change; Research and Development; N0 - General; L6 - Industry Studies: Manufacturing