scholarly journals Knowledge appropriability and directed technological change: the Schumpeterian creative response in global markets

2020 ◽  
Author(s):  
Cristiano Antonelli ◽  
Christophe Feder
Keyword(s):  
Technological Change ◽  
Global Markets ◽  
Directed Technological Change

scholarly journals DIRECTED TECHNOLOGICAL CHANGE: A KNOWLEDGE-BASED MODEL

2013 ◽  
Vol 19 (1) ◽  
pp. 116-143 ◽  
Author(s):  
Tailong Li ◽  
Shiyuan Pan ◽  
Heng-fu Zou
Keyword(s):  
Technological Change ◽  
Wage Inequality ◽  
Scale Effects ◽  
Developed Countries ◽  
Skilled Workers ◽  
Developed Country ◽  
Knowledge Based ◽  
Biased Technological Change ◽  
Unskilled Workers ◽  
Directed Technological Change

In a knowledge-based growth model where skilled workers are used in innovation and production, skill-biased technological change may lower average R&D productivity via an innovation possibilities frontier effect that eliminates scale effects. We show that skill-biased technological change increases the skill premium even if the elasticity of substitution between skilled and unskilled workers is less than two. Trade between developed countries promotes skill-biased technological change, thus raising wage inequality. Trade between developed and developing countries has differing effects: it induces relatively skill-replacing technological change and lowers wage inequality in the developed country but has the opposite effects in the developing country. Finally, we show that trade can stimulate or hurt economic growth.

Global Markets

1998 ◽  
Keyword(s):  
Technological Change ◽  
Information Networks ◽  
Maritime History ◽  
Global Markets ◽  
The Political ◽  
Sea Transport ◽  
Business Environments ◽  
Nation States ◽  
Transport Industry ◽  
Economic Interactions

This book is concerned with the role played by the sea transport industries in the development of global markets. It claims that the sea transport industry in fundamentally intrinsic to the political and economic interactions between nations. It seeks to demonstrate that the elements of shipping, internationalisation, and globalisation are intertwined. The purpose of this journal is to trace the development and examine the consequences of globalisation as it relates to maritime history. The four main issues under consideration are:- information networks and cooperation in transoceanic shipping; the expansion of markets; technological change; and the adaptability of entrepreneurs, institutions, and nation states to changing business environments. Geographically, the focus of the contributing essays splits between Europe and Japan.

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