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The Economics of Localized Technological Change and Industrial Dynamics (Paperback, Softcover reprint of the original 1st ed. 1995)
Loot Price: R4,573
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The Economics of Localized Technological Change and Industrial Dynamics (Paperback, Softcover reprint of the original 1st ed. 1995)
Series: Economics of Science, Technology and Innovation, 3
Expected to ship within 10 - 15 working days
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The concept of localized technological change is emerging at the
crossroads of different approaches to the economics of innovation
and new technologies. The term localized technological change'
refers to the introduction of technological changes which make
possible an increase in total factor productivity within only a
limited range of techniques defined by the levels of factor
intensity. This contrasts with generalized technological change',
which is defined as the global shift of all the techniques
represented on the map of isoquants of the neoclassical tradition.
The Economics of Localized Technological Change elaborates the
notion of localized technology with respect to firms, factor
substitution, sectors, regions and techniques. It also assesses the
implications for industrial policy, technology and innovation
policy. The book will be of interest to corporate policy makers,
scholars of industrial organization and economics of innovation as
well as business school students.
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