Please wait a minute...

Frontiers of Economics in China

Front. Econ. China    2017, Vol. 12 Issue (3) : 418-449
Orginal Article
Technical Progress and the Diffusion of Innovations: Classical and Schumpeterian Perspectives
Heinz D. Kurz()
Department of Economics and Graz Schumpeter Centre, University of Graz, 8010 Graz, Austria
Download: PDF(4170 KB)  
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks

The paper discusses the diffusion of new technologies from the perspective of the classical economists and Schumpeter. After a comparison of the pre- and post-technical change long-period positions of the economy, we illustrate the process of transition between the two in terms of a two-sector model. Next, we turn to a system with joint production. The fact that some products may be “bads” that need to be disposed of leads to a study of systems of production-cum-disposal. Finally, we investigate the selection pressure innovations exert on incumbent firms. An important message is that technical change cannot generally be studied within a partial framework of the analysis.

Keywords classical economists      creative destruction      diffusion      disposal processes      innovation      joint production      Schumpeter      Joseph A.      selection pressure      technical change      transition processes     
Issue Date: 19 September 2017
 Cite this article:   
Heinz D. Kurz. Technical Progress and the Diffusion of Innovations: Classical and Schumpeterian Perspectives[J]. Front. Econ. China, 2017, 12(3): 418-449.
E-mail this article
E-mail Alert
Articles by authors
Heinz D. Kurz
Related articles from Frontiers Journals
[1] Guoqiang Tian. Deceleration of China’s Economic Growth: Causes and Countermeasures[J]. Front. Econ. China, 2019, 14(1): 3-25.
[2] Zhiqi Chen. Product Market Competition and Innovation: What Can We Learn from Economic Theory?[J]. Front. Econ. China, 2017, 12(3): 450-464.
[3] Yinxing Hong, Yao Lu, Jianghuai Zheng. Industrialized Innovation: The Connection of Science & Technology Innovation with Industrial Innovation[J]. Front. Econ. China, 2017, 12(3): 400-417.
[4] Xinkui Wang. Shanghai Pilot Free Trade Zone and the National Strategy of Opening-up to Boost Reform[J]. Front. Econ. China, 2015, 10(4): 591-603.
[5] Keun Lee,Shi Li. Possibility of a Middle Income Trap in China: Assessment in Terms of the Literature on Innovation, Big Business and Inequality[J]. Front. Econ. China, 2014, 9(3): 370-397.
[6] Dahai Fu, Yanrui Wu, Yihong Tang. Does Innovation Matter for Chinese High-Tech Exports? A Firm-Level Analysis[J]. Front Econ Chin, 2012, 7(2): 218-245.
[7] . Influence of export on innovation activities of domestic enterprises —Intra-industry and inter-industry spillovers[J]. Front. Econ. China, 2009, 4(3): 449-460.
[8] XU Changsheng , WANG Jingjing , WANG Hai. Demand-oriented innovation of firms in China: An empirical study[J]. Front Econ Chin, 2008, 3(4): 548-559.
[9] KOU Zonglai, ZHANG Jian. Endogenous licensing in cumulative innovation[J]. Front. Econ. China, 2007, 2(3): 424-457.
Full text