Increasing Returns and Path Dependency in the Economy

1995 ◽  
Vol 59 (3) ◽  
pp. 97 ◽  
Author(s):  
Peter Dickson ◽  
W. Brian Arthur
Keyword(s):  
Path Dependency ◽  
Increasing Returns

scholarly journals DEPENDÊNCIA DA TRAJETÓRIA, IRREVERSIBILIDADE E O PAPEL DA HISTÓRIA NA SELEÇÃO DE TECNOLOGIAS

2004 ◽  
Vol 30 (1) ◽  
Author(s):  
Antonio Luis Licha
Keyword(s):  
Economic Theory ◽  
Technological Innovation ◽  
Path Dependency ◽  
Increasing Returns ◽  
Starting Point ◽  
Lock In

O artigo apresenta uma breve revisão dos conceitos de retornos crescentes e path-dependency e de sua importância para a teoria econômica, tomando como ponto de partida as contribuições de Brian Arthur. São discutidas algumas aplicações desses conceitos na análise de problemas específicos, especialmente na área da inovação tecnológica. É também apresentada uma versão simplificada do clássico modelo de Arthur, onde se geram situações de irreversibilidade da trajetória quando existem retornos crescentes. Abstract The paper offers a brief review of the relevance of the concepts of increasing returns and path-dependency in economic theory, taking as a starting point the contributions of Brian Arthur. The paper discusses some applications of these concepts in the analysis of specific problems, particularly in the field of technological innovation. In addition, a simplified version of the model of Brian Arthur is presented, in which lock in emerges in the presence of increasing returns.

Book Review: Increasing Returns and Path Dependency in the Economy

1995 ◽  
Vol 59 (3) ◽  
pp. 97-99
Author(s):  
Terry Clark ◽  
Peter Dickson
Keyword(s):  
Path Dependency ◽  
Increasing Returns

Structuralism as a Pamphlet (On the Book by E. Reinert “How Rich CountriesGot Rich... And Why Poor Countries Stay Poor”. 2nd ed.)

2014 ◽  
pp. 147-153
Author(s):  
P. Orekhovsky
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
Structural Analysis ◽  
Increasing Returns ◽  
The Other ◽  
Static Theory ◽  
Poor Countries ◽  
Historical School ◽  
Socio Economic Development ◽  
The Relationship

The review outlines the connection between E. Reinert’s book and the tradition of structural analysis. The latter allows for the heterogeneity of industries and sectors of the economy, as well as for the effects of increasing and decreasing returns. Unlike the static theory of international trade inherited from the Ricardian analysis of comparative advantage, this approach helps identify the relationship between trade, production, income and population growth. Reinert rehabilitates the “other canon” of economic theory associated with the mercantilist tradition, F. Liszt and the German historical school, as well as a reconside ration of A. Marshall’s analysis of increasing returns. Empirical illustrations given in the book reveal clear parallels with the path of Russian socio-economic development in the last twenty years.

Intra-industry and inter-industry trade through the lens of comparative and absolute advantage

2016 ◽  
pp. 112-128
Author(s):  
A. Gnidchenko
Keyword(s):  
International Trade ◽  
Product Quality ◽  
Vital Role ◽  
Increasing Returns ◽  
Traditional View ◽  
Export Diversification ◽  
Industry Trade ◽  
Long Time ◽  
Absolute Advantage

The article surveys the literature that emphasizes the importance of comparative and absolute advantages for intra- and inter-industry trade. Two conclusions follow form the survey. First, unlike the traditional view, intra-industry trade is determined rather by technology than by increasing returns. Second, absolute advantages that have been ignored in international trade models for a long time play a vital role through their linkages with product quality and export diversification. We also discuss a new strand of literature that models international trade with the assumption of non-homothetic preferences.

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