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Economic development and the structure of cross-technology interactions
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 4611854
Author(s) Bondarev, Anton; Krysiak, Frank C.
Author(s) at UniBasel Krysiak, Frank Christian
Year 2021
Title Economic development and the structure of cross-technology interactions
Journal European economic review
Volume 132
Pages / Article-Number 103628
Keywords Technological changeR&D-based growthKnowledge spilloverR&D policyHeterogeneous innovations
Abstract Most explanations of economic growth are based on knowledge spillovers, where the development of some technologies facilitates the enhancement of others. Empirical studies show that these spillovers can have a heterogeneous and rather complex structure. But, so far, little attention has been paid to the consequences of different structures of such cross-technology interactions: Is economic development more easily fostered by homogenous or heterogeneous interactions, by uni- or bidirectional spillovers? Using a detailed description of an r&d sector with cross-technology interactions embedded in a simple growth model, we analyse how the structure of spillovers influences growth prospects and growth patterns. We show that some type of interactions (e.g., one-way interactions) cannot induce exponential growth, whereas other structures can. Furthermore, depending on the structure of interactions, all or only some technologies will contribute to growth in the long run. Finally, some spillover structures can lead to complex growth patterns, such as technology transitions, where, over time, different technology clusters are the main engine of growth.
Publisher Elsevier
ISSN/ISBN 0014-2921 ; 1873-572X
URL https://doi.org/10.1016/j.euroecorev.2020.103628
edoc-URL https://edoc.unibas.ch/86124/
Full Text on edoc Restricted
Digital Object Identifier DOI 10.1016/j.euroecorev.2020.103628
ISI-Number 000617819500016
Document type (ISI) Article
Top-publication of... Krysiak, Frank Christian
 
   

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