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Technical change, growth and trade: new departures in institutional economics.

Abstract:
This article analyses the main theoretical and policy issues emerging from the literature on the evolutionary-institutional economics of technical change, the four distinguishing characteristics of which are that technology is often proprietary in nature; only a part of knowledge is codifiable in handbooks, blueprints, patents, and so on; there are fundamental variations in the above two points across different technological fields; and the evolution of knowledge is highly path-dependent.

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Publisher copy:
10.1111/1467-6419.00058
Publisher:
Blackwell Publishing
Journal:
Journal of Economic Surveys More from this journal
Volume:
12
Issue:
3
Pages:
313 - 332
Publication date:
1998-01-01
DOI:
ISSN:
0950-0804
Language:
English
UUID:
uuid:89541c88-83a2-49ff-99b7-96f8afe52ec6
Local pid:
oai:economics.ouls.ox.ac.uk:13853
Deposit date:
2011-08-16

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