Technology Stability and Change: An Integrated Evolutionary Approach.

The article focuses on the economic impact of technological change and standardization at the industry level. Technological change can lead to the development of macroeconomic structures and institutions such as corporations, political regulatory structures, and growth rates, as well as the accumula...

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Published in:Journal of Economic Issues Vol. 40; no. 3; pp. 707 - 743
Main Authors: Carrillo-Hermosilla, Javier, Unruh, Gregory C.
Format: Article
Published: Taylor & Francis Ltd Sep2006
Subjects:
Online Access:View this record in EBSCOhost
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      dt: Sep2006
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        10.1080/00213624.2006.11506942
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        atl: Technology Stability and Change: An Integrated Evolutionary Approach.
      aug:
        au:
          Carrillo-Hermosilla, Javier
          Unruh, Gregory C.
        affil:
          Economic Director of the Centre for Eco-Intelligent Management, Instituto de Empresa
          Director, Lincoln Center for Ethics in International Management, Garvin School of International Management
      su:
        Technological innovations & economics
        Institutional economics
        Economies of scale
        Socioeconomics
        Research methodology
        Economic models
        Macroeconomics
        Economic statistics
      sug:
        subj:
          Technological innovations & economics
          Institutional economics
          Economies of scale
          Socioeconomics
          Research methodology
          Economic models
          Macroeconomics
          Economic statistics
      ab: The article focuses on the economic impact of technological change and standardization at the industry level. Technological change can lead to the development of macroeconomic structures and institutions such as corporations, political regulatory structures, and growth rates, as well as the accumulation and structure of capital. An agent-based model that uses distributed artificial intelligence concepts indicates there is a paradox in the increasing returns and lock-in conceptualization. Topics include the role of preference evolution on technological change, technology diffusion modeling, neoclassical transition models, and industrial characteristics.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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          year: 2006
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