Technological Revolutions, Structural Change, and Catching up

Jan Fagerberg; Bart Verspagen

doi:10.1093/oso/9780198850113.003.0007

Technological Revolutions, Structural Change, and Catching up

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic

Abstract

This chapter interprets the transition to a more sustainable type of growth as a technological revolution in progress. The chapter opens with a general discussion of the role of technological revolutions and structural change and economic growth, with special emphasis on the acquisition of foreign technology, exports, and catching-up-based growth. It then goes on to examine whether the transition to renewable energy can be seen as a technological revolution in line with the great technological revolutions of the past. The answer to this question is in the affirmative. The final section discusses the implications of this for catching-up-based growth in China and other developing countries.

Original language	English
Title of host publication	New Perspectives on Structural Change: Causes and Consequences of Structural Change in the Global Economy
Editors	Ludovico Alcorta, Neil Foster-McGregor, Bart Verspagen, Adam Szirmai
Publisher	Oxford University Press
Chapter	7
Pages	131-155
Number of pages	25
ISBN (Print)	9780198850113
DOIs	https://doi.org/10.1093/oso/9780198850113.003.0007
Publication status	Published - 1 Jan 2021

Keywords

Catching up
Economic growth
Environment
Export-based growth
Structural change
Technological revolution

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10.1093/oso/9780198850113.003.0007

Cite this

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abstract = "This chapter interprets the transition to a more sustainable type of growth as a technological revolution in progress. The chapter opens with a general discussion of the role of technological revolutions and structural change and economic growth, with special emphasis on the acquisition of foreign technology, exports, and catching-up-based growth. It then goes on to examine whether the transition to renewable energy can be seen as a technological revolution in line with the great technological revolutions of the past. The answer to this question is in the affirmative. The final section discusses the implications of this for catching-up-based growth in China and other developing countries.",

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Technological Revolutions, Structural Change, and Catching up. / Fagerberg, Jan; Verspagen, Bart.
New Perspectives on Structural Change: Causes and Consequences of Structural Change in the Global Economy. ed. / Ludovico Alcorta; Neil Foster-McGregor; Bart Verspagen; Adam Szirmai. Oxford University Press, 2021. p. 131-155.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic

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AU - Verspagen, Bart

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Technological Revolutions, Structural Change, and Catching up

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Keywords

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