Induced Innovation Revisited
Bibliographic Data
| ID | 9723849 |
|---|---|
| Authors | Peter Funk (0000-0002-1455-4552, University of Cologne, corresponding author) |
| Year | 2002 |
| Volume | 69 |
| Issue | 273 |
| Pages | 155-171 |
| Publication date | 2002-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0335.00275 |
| OpenAlex | W2028386120 |
| Language | EN |
| Citations received | 2 |
| References cited | 5 |
This paper studies the joint evolution of factor prices, factor shares and the type of technical progress. Its main aim is to give a microeconomic foundation to the Hypothesis of Induced Innovation of the earlier literature, which assumes that the type of progress at any moment of time is chosen so as to maximize the current rate of output growth. An important conclusion of the Hypothesis of Induced Innovation is that in the long run factor–augmenting technical progress takes the form of pure labour augmentation
Economics · Factor (programming language) · Foundation (evidence) · Macroeconomics · Moment (physics) · Neoclassical economics · Political science · Productivity · Technical change · Technical progress · Computer Science · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth
| Citations per year | 0.15 |
|---|---|
| Citation span | 2013 - 2017 (5) |
| Highly cited | No |