The presence of discontinuty in products, techniques and markets is the condition that allows discrimination between neoclassical and evolutionary growth models. If discontinuity is introduced firms need to change their information structure to start an evolutionistic process of the Lamarkian-type. When this perspective is assumed, learning capability is the necessary corollary for explaining how agents react and survive in different environment and markets. This Lamarkian learning capability passes through implicit and explicit mechanisms of learning, such as dynamic economies of production, knowledge spillovers, human capital accumulation and R&D intensity, that can be used to counterbalance the Darwinian divergent mechanism deriving from the inherited initial endowment of each country.
Towards a Model of Economic Growth Embodying an Evolutionistic Perspective
INFANTE, Davide
1998
Abstract
The presence of discontinuty in products, techniques and markets is the condition that allows discrimination between neoclassical and evolutionary growth models. If discontinuity is introduced firms need to change their information structure to start an evolutionistic process of the Lamarkian-type. When this perspective is assumed, learning capability is the necessary corollary for explaining how agents react and survive in different environment and markets. This Lamarkian learning capability passes through implicit and explicit mechanisms of learning, such as dynamic economies of production, knowledge spillovers, human capital accumulation and R&D intensity, that can be used to counterbalance the Darwinian divergent mechanism deriving from the inherited initial endowment of each country.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
