کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
988600 | 1481037 | 2013 | 25 صفحه PDF | دانلود رایگان |
Taking as reference the long-wave theory, in this paper we try to give a fully endogenous explanation of the factors triggering the technological revolutions – one of the main causes of a new long upswing. We extend the traditional macro and meso economic analysis by presenting a behavioural model in which innovation, entrepreneurship and radical uncertainty play a crucial role in determining the dynamics of the system. Our theoretical analysis is enriched and formalized in a multi-sectoral model, whose consistency is verified through numerical simulations.
► An endogenous explanation of radical technical change in a long-waves context.
► Role of radical uncertainty and its quantification.
► Role of entrepreneurship in explaining radical technical change.
► Numerical simulation of the model, to check for its consistency.
Journal: Structural Change and Economic Dynamics - Volume 24, March 2013, Pages 76–100