Skip to main content
SpringerLink
Log in

Accumulation of Capabilities, Structural Change, and Macro Prices: an Evolutionary and Structuralist Roadmap

  • Chapter
The Industrial Policy Revolution II

Part of the book series: International Economic Association Series ((IEA))

Abstract

Both economic history and economic theory generally acknowledge a deep relationship between technical change and economic development. It is quite intuitive that improvements in the efficiency of production techniques or in product performances may be a determinant or at least a condition for growth in productivity and industrialization. The opening of the technological black box has often gone hand in hand with important insights on how learning and technological capabilities develop in less developed economies. Studies on the sources, mechanisms, and patterns of learning and its microeconomic impact on productivity growth have flourished over the last four decades.

A first version of the first part of this paper has been published in Economics of Innovation and New Technologies, vol. 18, no. 7, pp. 675–694, with the title “Sources of Learning Paths and Technological Capabilities: An Introductory Roadmap of Development Processes”. A version of the second part is forthcoming within the volume The Triple Challenge of Development: Changing the Rules in a Global World, with the title “Still blowin’ in the wind: industrial policy and distorted prices for structural transformation” (co-author. Elisa Calza)

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 79.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 99.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Abramovitz, M. (1989) Thinking about Growth (Cambridge: Cambridge University Press).

    Book  Google Scholar 

  • Amsden, A. (1989) Asia’s Next Giant: South Korea and Late Industrialization (New York: Oxford University Press).

    Google Scholar 

  • Antonelli, C. (1995) The Economics of Localized Technological Change and Industrial Dynamics. (London: Kluwer Academic Publishers).

    Book  Google Scholar 

  • Arthur, W.B. (1989) “Competing Technologies, Increasing Returns and Lock-In by Historical Events”, Economic Journal, vol. 99, no. 1, pp. 116–131.

    Article  Google Scholar 

  • Atkinson, A. and Stiglitz, J. (1969) “A New View of Technological Change”, Economic Journal, vol. 79, no. 315, pp. 573–578.

    Article  Google Scholar 

  • Baldwin, R, and Krugman P.R. (1989) “Persistent Trade Effects of Large Exchange Rate Shocks”, Quarterly Journal of Economics, vol. 104, pp. 635–654.

    Article  Google Scholar 

  • Baldwin, R. (1988) “Hysteresis in Import Prices: The Beachhead Effect”, American Economic Review, vol. 78, pp. 773–785.

    Google Scholar 

  • Bell, M. (2006) “Time and Technological Learning in Industrialising Countries: How Long Does it Take? How Fast is it Moving (if at all)?”, International Journal of Technology Management, vol. 36, nos 1–3, pp. 25–39.

    Article  Google Scholar 

  • Bell, M. and Pavitt, K. (1993) “Technological Accumulation and Industrial Growth: Contrasts Between Developed and Developing Countries”, Industrial and Corporate Change, vol. 2, no. 1, pp. 157–210.

    Article  Google Scholar 

  • Bertola, L. and Porcile, G. (2006) “Convergence, Trade and Industrial Policy: Argentina, Brazil and Uruguay in the International Economy, 1900–1980”, Revista de Historia Económica-Journal of Iberian and Latin American Economic History, vol. XXIV, pp. 120–150.

    Google Scholar 

  • Blecker, R. (2009) “Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint?”, Paper prepared for presentation at the 2nd Summer School on “Keynesian Macroeconomics and European Economic Policies”, Research Network Macroeconomics and Macroeconomic Policies, Berlin, Germany, August 2–9.

    Google Scholar 

  • Bresser-Pereira, L.C. (2008) “Dutch Disease and Its Neutralization: a Ricardian Approach”, Brazilian Journal of Political Economy, vol. 28, no. 1, pp. 47–71.

    Google Scholar 

  • Cantwell, A.J. (1991) “The Theory of Technological Competence and Its Application to International Production”, in D.G. McFetridge (ed.), Foreign Investment, Technology and Growth (Calgary: University of Calgary Press).

    Google Scholar 

  • Capdevielle, M. (2005) “Globalización, Especialización y Cambio Estructural en América Latina”, in M. Cimoli (ed.), Heterogeneidad Estructural, asimetrías Tecnológicas y Crecimiento en América Latina (Santiago: BID-CEPAL).

    Google Scholar 

  • Cardoso, F. (1973) Problemas del subdesarrollo latinoamericano (Mexico City: Nuestro Tiempo).

    Google Scholar 

  • Cardoso, F. and Faletto, E. (1969) Dependencia y desarrollo en América Latina (Mexico City: Siglo XXI).

    Google Scholar 

  • Chang, Ha-Joon (2001) “Infant Industry Promotion in Historical Perspective. A Rope to Hang Oneself or a Ladder to Climb With?”, document prepared for the conference “Development Theory at the Threshold of the Twenty-first Century”, Economic Commission for Latin America and the Caribbean (ECLAC), August.

    Google Scholar 

  • Chang, Ha-Joon (1994) The Political Economy of Industrial Policy (London: Macmillan/St. Martin’s Press).

    Google Scholar 

  • Chataway, J., Tait J., and Wield, D. (2004), “Understanding Company R&D Strategies in Agro-biotechnology: Trajectories and Blind Spots”, Research Policy, vol. 33, nos 6–7, pp. 1041–1057.

    Article  Google Scholar 

  • Chudnovsky, D. Nagao, M., and Jacobson, S. (1984) Capital Goods Production in the Third World: An Economic Study of Technical Acquisition (London: Francis Pinter).

    Google Scholar 

  • Cimoli, M. (1988) “Technological Gaps and Institutional Asymmetries in a North—South Model with a Continuum of Goods”, Metroeconomica, vol. 39, no. 3, pp. 245–274.

    Article  Google Scholar 

  • Cimoli, M. (1992) “Exchange Rate and Productive Structure in a Technological Gap Model”, Economic Notes, vol. 21, no. 3, pp. 490–510.

    Google Scholar 

  • Cimoli, M. (ed.) (2000) “Developing Innovation Systems: Mexico in the Global Context”, in Pinter Series: Science, Technology and International Political Economy, London and New York.

    Google Scholar 

  • Cimoli, M. and Dosi, G. (1995) “Technological Paradigms, Pattern of Learning and Development: an Introductory Roadmap”, Journal of Evolutionary Economics, vol. 5, no. 3, pp. 243–268.

    Article  Google Scholar 

  • Cimoli, M. and Correa, N. (2005) “Trade Openness and Technological Gaps in Latin America: a Low Growth Trap”, in J.A. Ocampo (ed.), Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Stanford, CA: Stanford University Press).

    Google Scholar 

  • Cimoli, M. and Porcile, G. (2008) “Volatility and Crisis in Catching-up Economies: Industrial Path-Through Under the Stickiness of Technological Capabilities and ‘The Red Queen Effect’”, Paper presented at the Mount Holyoke College Development Conference, Mount Holyoke College, Springfield, Massachusetts, November 14–16.

    Google Scholar 

  • Cimoli, M. and Porcile, G. (2009) “Sources of Learning Paths and Technological Capabilities: An Introductory Roadmap of Development Processes”, Economics of Innovation and New Technology, vol. 18, issue 7, pages 675–694.

    Article  Google Scholar 

  • Cimoli, M. and Porcile, G. (2011a) “Global Growth and Implicit Reciprocity: A Structuralist Perspective”, Cambridge Journal of Economics, vol. 35, no. 2, pp. 383–400.

    Article  Google Scholar 

  • Cimoli, M. and Porcile, G. (2011b) “Learning, Technological Capabilities and Structural Dynamics”, in J.A. Ocampo and J. Ros (eds), The Oxford Handbook of Latin American Economies (New York and Oxford: Oxford University Press), pp. 546–567.

    Google Scholar 

  • Cimoli, M. and Soete, L. (1992) “A Generalized Technology Gap Trade Model”, Economie Appliquée, vol. 45, no. 3, pp. 33–54.

    Google Scholar 

  • Cimoli, M., Osi, G., and Stiglitz, J. (eds) (2009) Industrial Policy and Development, The Political Economy of Capabilities Accumulation (Oxford: Oxford University Press).

    Google Scholar 

  • Cimoli, M., G. Dosi, R. R. Nelson and J. Stiglitz (2006), “Institutions and policies shaping industrial development: an introductory note”, LEM Working Paper, No. 2006/02, Pisa, Italy, Laboratory of Economics and Management.

    Google Scholar 

  • Cimoli, M.; Porcile, G. Rovira, S. (2010) “Structural Convergence and the Balance-of-Payments Constraint: Why Did Latin America Fail to Converge?”, Cambridge Journal of Economics, vol. 34, no. 2, pp. 389–411.

    Article  Google Scholar 

  • Cimoli, M.; Fleitas, S., and Porcile, G. (2012) “Real Exchange Rate and the Structure of Exports”, mimeo.

    Google Scholar 

  • Cimoli, M.; Calza, E., and Porcile, G. (2013) “Still Blowin’ in the Wind: Industrial Policy and Distorted Prices for Structural Transformation”, in Eve Paus (ed.), The Triple Challenge of Development: Changing the Rules in a Global World, forthcoming.

    Google Scholar 

  • David, P.A. (1985) “Clio and the Economics of QWERTY”, American Economic Review, vol. 75, no. 2, pp. 332–337.

    Google Scholar 

  • De Bresson, C. and Amesse, F. (1991) “Networks of Innovation: a Review and Introduction to the Issues”, Research Policy, vol. 20, no. 5, pp. 363–381.

    Article  Google Scholar 

  • Dosi, G. (1982) “Technological Paradigms and Technological Trajectories: a Suggested Interpretation of the Determinant and Direction of Technological Change”, Research Policy, vol. 11, no. 3, pp. 147–162.

    Article  Google Scholar 

  • Dosi, G. (1988) “Sources, Procedures and Microeconomic Effects of Innovation”, Journal of Economic Literature, vol. 26, no. 3, pp. 1120–1171.

    Google Scholar 

  • Dosi, G., K. Pavitt and L. Soete (1990), The Economic of Technical Change and International Trade (London and New York: Harvester Wheatsheaf Press/New York University Press).

    Google Scholar 

  • Ebers, M. and Powell, W.W. (2007) “Biotechnology: Its Origins, Organization, and Outputs”, Research Policy, vol. 36, no. 4, pp. 433–437.

    Article  Google Scholar 

  • ECLAC (2007) “Progreso Tecnico y Cambio Estructural en América Latina”, Division de Desarrollo Productivo, CEPAL, October (Santiago de Chile: CEPAL).

    Google Scholar 

  • ECLAC, (2008) “Structural Change and Productivity Growth, 20 Years Later Old problems, new opportunities”, (LG/G.2367(SES.32/3)), Chile. United Nations publication.

    Google Scholar 

  • ECLAC (2010) La hora de la igualdad. Brechas por cerrar, caminos por abrir, ECLAC, LC/G.2432 (SES.33/3). Santiago de Chile, May.

    Google Scholar 

  • Eichengreen, B. (2008) “The Real Exchange Rate and Growth”, Working Paper no. 4, Commission on Growth and Development.

    Google Scholar 

  • Fajnzylber, F. (1990) De la Caja Negra al Casillero Vacío (Santiago de Chile: CEPAL).

    Google Scholar 

  • Fransman, M. (1986) Technology and Economic Development (Brighton: Wheatsheaf).

    Google Scholar 

  • Fransman, M. and King, K. (1984) Technological Capability in the Third World (London: Macmillan).

    Book  Google Scholar 

  • Freeman, C. (1994) “Technological Revolutions and Catching-up: ICT and the NICs”, in J. Fagerberg, N. von Tunzelman, and B. Verspagen (eds), The Dynamics of Technology, Trade and Growth (London, Edward Elgar).

    Google Scholar 

  • Freeman, C. (1963), “The Plastic Industry: a Comparative Study of Research and Innovation”, National Institute Economic Review, no. 26, pp. 22–62.

    Google Scholar 

  • Freeman, C. (1982) The Economics of Industrial Innovation (London: Francis Pinter).

    Google Scholar 

  • Freeman, C. (1987) Technology Policy and Economic Performance: Lessons from Japan (London: Francis Pinter).

    Google Scholar 

  • Freeman, C. (2001) “A Hard Landing for the ‘New Economy’? Information Technology and the United States National System of Innovation”, Structural Change and Economic Dynamics, vol. 12, no. 2, pp. 115–139.

    Article  Google Scholar 

  • Freeman, C. and Perez, C. (1988) “Structural Crises of Adjustment, Business Cycles and Investment Behaviour”, in G. Dosi and others (eds), Technical Change and Economic Theory (London: Pinter Publishers).

    Google Scholar 

  • Frenkel, R. (2004) “From the Boom in Capital Inflows to Financial Traps”, ECLAC research project on Management of Volatility, Financial Globalization and Growth in EEs, supported by the Ford Foundation, to be published in IPD Capital Account Liberalization volume.

    Google Scholar 

  • Freund, C. and Pinerola, M.D. (2008) “Export Surges: The Power of a Competitive Currency”, World Bank Policy Research Working Paper 4750, October.

    Google Scholar 

  • Hirsch, S. (1965) “The US Electronics Industry in International Trade”, National Institute Economic Review, vol. 34, pp. 92–107.

    Article  Google Scholar 

  • Hufbauer, G. (1966) Synthetic Materials and the Theory of International Trade (London: Duckworth).

    Google Scholar 

  • Kanatsu, T. (2006), “Why Toyota Does Not Fly While Bandeirante Does: Comparative Study of the Japanese and the Brazilian Aircraft Industry”, Hofstra University, Department of Political Science.

    Google Scholar 

  • Katz, J. (1984) “Domestic Technological Innovations and Dynamic Comparative Advantage”, Journal of Development Economics, vol. 16, pp. 13–38.

    Article  Google Scholar 

  • Katz, J. (1997) “Structural Reforms, the Sources and Nature of Technical Change and the Functioning of the National Systems of Innovation: the Case of Latin America”, paper presented at the STEPI International Symposium on Innovation and Competitiveness in NIEs Seoul, Korea, May.

    Google Scholar 

  • Khan, M. and Blankenburg, S. (2009) “The Political Economy of Industrial Policy in Asia and Latin America”, in M. Cimoli, G. Dosi, and J.E. Stiglitz (eds), The Political Economy of Capabilities Accumulation: the Past and Future of Policies for Industrial Development (Oxford: Oxford University Press).

    Google Scholar 

  • Kim, L. (1997) “Korea’s National Innovation System in Transition”, paper presented at the STEPI International Symposium on Innovation and Competitiveness in NIEs, Seoul, Korea, May.

    Google Scholar 

  • Lall, S. (1997) “Technological Change and Industrialisation in the Asian NIEs: Achievements and Challenges”, paper presented at the STEPI International Symposium on Innovation and Competitiveness in NIEs, Seoul, Korea, May.

    Google Scholar 

  • Lall, S. (1982) Developing Countries as Exporters of Technology: A First Look at the Indian Experience (London: Macmillan).

    Book  Google Scholar 

  • McCombie, J.S and Thirlwall A. (1994) Economic Growth and the Balance of Payments Constraint (New York: St. Martins Press).

    Book  Google Scholar 

  • McMillan, G.S., Narin, F., and Deeds, D. (1999) “An Analysis of the Critical Role of Public Science in Innovation: the Case of Biotechnology”, Research Policy, vol. 29, no. 1, pp. 1–8.

    Article  Google Scholar 

  • Metcalfe, J.S. (1989) “Evolution and Economic Change”, in A. Silberston (ed.), Technology and Economic Progress (Basingstoke: Macmillan).

    Google Scholar 

  • Metcalfe, J.S. (1995) “The Economic Foundations of Technology Policy”, in P. Stoneman (ed.), Handbook of the Economics of Innovation and Technical Change (Oxford: Blackwell).

    Google Scholar 

  • Metcalfe, J.S. (2001) “Institutions and Progress”, Industrial and Corporate Change, vol. 10, no. 3, pp. 561–586.

    Article  Google Scholar 

  • Metcalfe, J.S., Foster, J., and Ramlogan, R. (2006) “Adaptive Economic Growth”, Cambridge Journal of Economics, vol. 30, no. 1, pp. 7–32.

    Article  Google Scholar 

  • Miozzo, M. and Walsh, V. (2006), International Competitiveness and Technological Change (Oxford: Oxford University Press).

    Book  Google Scholar 

  • Mortimore, M. and Peres, W. (2001) “Competitividad empresarial en América Latina y el Caribe”, Revista de la CEPAL, no. 74, pp. 37–59.

    Google Scholar 

  • Nelson, R. (ed.) (1993) National Systems of Innovation (Oxford: Oxford University Press).

    Google Scholar 

  • Ocampo, J.A. (2005) “The Quest for Dynamic Efficiency: Structural Dynamics and Economic Growth in Developing Countries”, in J.A. Ocampo (ed.), Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Stanford, CA: Stanford University Press).

    Chapter  Google Scholar 

  • OECD (2012) Economic Policy Reforms: Going for Growth 2012, OECD Publishing. http://dh.doi.org/10.1787/growth-12-en.

  • Pacheco-Lopez, P. and Thirlwall, A.P. (2006) “Trade Liberalization, the Income Elasticity of Demand for Imports and Economic Growth in Latin America”, Journal of Post-Keynesian Economics, vol. 29, no. 1, pp. 41–61.

    Article  Google Scholar 

  • Pavitt, K. (1984) “Sectoral Patterns of Technological Change: Towards a Taxonomy and a Theory”, Research Policy, vol. 13, no. 6, pp. 343–375.

    Article  Google Scholar 

  • Pavitt, K. (1987) “The Objectives of Technology Policy”, Science and Public Policy, vol. 14, no. 4, pp. 182–188.

    Google Scholar 

  • Perez, C. (1985) “Micro-electronics, Long Waves and World Structural Change: New Perspectives for Developing Countries”, World Development, vol. 13, no. 3, pp. 441–463.

    Article  Google Scholar 

  • Pinto, A. (1970) Heterogeneidad estructural y modelo de desarrollo reciente de la América Latina en Inflation: raices estructurales (México, D.F.: Fondo de Cultura Económica).

    Google Scholar 

  • Pinto, A. (1976) “Naturaleza e implicaciones de la heterogeneidad estructural de la América Latina”, El Trimestre Económico, vol. 37, no. 1.

    Google Scholar 

  • Pisano, G. (2006) “Can Science Be a Business? Lessons from Biotech”, Harvard Business Review, vol. 84, no. 10, pp. 114–125.

    Google Scholar 

  • Posner, M.V. (1961) “International Trade and Technological Change”, Oxford Economic Papers, vol. 13, no. 3, pp. 323–341.

    Google Scholar 

  • Prebisch, R. (1950) The Economic Development of Latin America and Its Principal Problems (New York: United Nations).

    Google Scholar 

  • Prebisch, R. (1959) “Commercial Policy in the Underdeveloped Countries”, American Economic Review, vol. 49, no. 2, pp. 251–273.

    Google Scholar 

  • Prebisch, R. (1976) “A Critique of Peripheral Capitalism”, CEPAL Review, no. 1, pp. 9–76.

    Google Scholar 

  • Prebisch, R. (1981) Capitalismo periférico: crisis y transformation (Mexico: Fondo de Cultura Economica).

    Google Scholar 

  • Rapetti, M. (2011) “Macroeconomic Policy Coordination in a Competitive Real Exchange Rate Strategy for Development”, Working Paper, Department of Economics, University of Massachusetts, Amherst, 2011–9.

    Google Scholar 

  • Razmi, A., Rapetti, M. and Skott, P. (2009) “The Real Exchange Rate as an Instrument of Developing Policy”, Working Paper, Department of Economics, University of Massachusetts, Amherst, 2009–07.

    Google Scholar 

  • Rodriguez, O. (1976) “Sobre la Concepción del Sistema centro-Periferia”, Revista de la CEPAL, First Semester.

    Google Scholar 

  • Rodríguez, O. (2007) El Estructuralismo Latinoamericano (Mexico: Siglo XXI).

    Google Scholar 

  • Rodrik, D. (2008): “The Real Exchange Rate and Economic Growth”, Brookings Papers on Economic Activity, 2008:2.

    Google Scholar 

  • Rosenberg, N. (1976) Perspectives on Technology (Cambridge: Cambridge University Press).

    Book  Google Scholar 

  • Rosenberg, N. (1982) Inside the Black Box (Cambridge: Cambridge University Press).

    Google Scholar 

  • Rothaermel, F. and M. Thursby (2007) “The Nanotech Versus the Biotech Revolution: Sources of Productivity in Incumbent Firm Research”, Research Policy, vol. 36, no. 6, pp. 832–849.

    Article  Google Scholar 

  • Schumpeter, J.A. (1939) Business Cycles (New York: McGraw-Hill).

    Google Scholar 

  • Setterfield, M. (2002), “A Model of Kaldorian Traverse: Cumulative Causation Structural Change and Evolutionary Hysteresis”, in M. Setterfield (ed.), The Economics of Demand-Led Growth (Cheltenham, UK, Edward Elgar).

    Google Scholar 

  • Setterfield, M. (2009) “Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities For and Obstacles To Greater Engagement”, Trinity College Department of Economics, Working Paper 09–1, December.

    Google Scholar 

  • Setterfield, M. and J. Cornwall (2002) “A Neo-Kaldorian Perspective on the Rise and Decline of the Golden Age”, in M. Setterfield (ed.), The Economics of Demand-Led Growth (Cheltenham, UK: Edward Elgar).

    Chapter  Google Scholar 

  • Silverthorne, S. (2006) “Science Business: What Happened to Biotech?”, HBS Working Knowledge, November 13.

    Google Scholar 

  • Stalling, B. and Peres, W. (2000) Growth, Employment and Equity: The Impact of Economic Reforms in Latin America and the Caribbean (Washington, DC: Brookings Institution Press).

    Google Scholar 

  • Sunkel, O. (1978) “La dependencia y la heterogeneidad estructural”, Trimestre Economico, vol. 45, no. 1, pp. 3–20.

    Google Scholar 

  • Teece D. (1998) Strategy, Technology and Public Policy: The Selected Papers of David Teece, vol. 2 (London: Edward Elgar).

    Google Scholar 

  • Teece, D.J., Pisano, G., and Shuen, A. (1990) “Firm Capabilities, Resources, and the Concept of Strategy”, Working Paper, University of California at Berkeley.

    Google Scholar 

  • Teitel, S. (1984) “Technology Creation in Semi-industrial Economies”, Journal of Development Economics, vol. 16, nos 1–2, pp. 39–61.

    Article  Google Scholar 

  • Teitel, S. (1987) “Science and Technology Indicators, Country Size and Economic Development: an International Comparison”, World Development, vol. 15, no. 9, pp. 1225–1235.

    Article  Google Scholar 

  • Teitel, S. (1987) “Towards Conceptualisation of Technological Development as an Evolutionary Process”, in J. Dunning and U. Mikoto (eds), Structural Change, Economic Interdependence and World Development (London: Macmillan).

    Google Scholar 

  • Teitel, S. (2004) “On Semi-industrialized Countries and the Acquisition of Technological Capabilities”, ICER Working Paper, No. 19–2004 (Turin: International Centre for Economic Research).

    Google Scholar 

  • Teubal, M. (1984) “The Role of Technological Learning in the Exports of Manufactured Goods: the Case of Selected Capital Goods in Brazil”, World Development, vol. 12, no. 8, pp. 849–65.

    Article  Google Scholar 

  • Thirlwall, A.P. (1979) “The Balance of Payments Constraint as an Explanation of International growth rates Differences”, Banca Nazionale del Lavoro Quarterly Review, September.

    Google Scholar 

  • Thirwall, A. (2011) “Balance of Payments Constrained Growth Models: History and Overview”, University of Kent, School of Economics Discussion Paper 1111, May.

    Google Scholar 

  • Vernon, R. (1966) “International Investment and International Trade in the Product Cycle”, Quarterly Journal of Economics, vol. 80, no. 2, pp. 190–207.

    Article  Google Scholar 

  • Wade, R. (1990), Governing the Market: Economic Theory and the Role of Government in East Asian Industrialisation. (Princeton, NJ: Princeton University Press).

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. ECLAC, Chile

    Mario Cimoli & Gabriel Porcile

Authors
  1. Mario Cimoli
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Gabriel Porcile
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Columbia University, USA

    Joseph E. Stiglitz (University Professor) (University Professor)

  2. National School of Development, Peking University, China

    Justin Lin Yifu (Honorary Dean) (Honorary Dean)

  3. Minister of Economic Development, South Africa

    Ebrahim Patel

Copyright information

© 2013 International Economic Association

About this chapter

Cite this chapter

Cimoli, M., Porcile, G. (2013). Accumulation of Capabilities, Structural Change, and Macro Prices: an Evolutionary and Structuralist Roadmap. In: Stiglitz, J.E., Yifu, J.L., Patel, E. (eds) The Industrial Policy Revolution II. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137335234_4

Download citation

Publish with us

Policies and ethics

Search

Navigation