What kind of microfoundations? Notes on the evolutionary approach
cepal.bibLevel | Documento Completo |
cepal.callNumber | LC/L.3955 |
cepal.divisionEng | Production, Productivity and Management Division |
cepal.divisionSpa | División de Desarrollo Productivo y Empresarial |
cepal.docType | Series |
cepal.idSade | 0 |
cepal.jobNumber | S1500085_en |
cepal.sdg | 8 |
cepal.sdg | 1 |
cepal.sdg | 10 |
cepal.sdg | 9 |
cepal.sdg | 17 |
cepal.topicEng | BUSINESS STRATEGIES |
cepal.topicEng | INNOVATION, SCIENCE AND TECHNOLOGY |
cepal.topicEng | STRUCTURAL CHANGE |
cepal.topicSpa | CAMBIO ESTRUCTURAL |
cepal.topicSpa | ESTRATEGIAS EMPRESARIALES |
cepal.topicSpa | INNOVACIÓN, CIENCIA Y TECNOLOGÍA |
cepal.workareaEng | PRODUCTION, PRODUCTIVITY AND MANAGEMENT |
cepal.workareaSpa | DESARROLLO PRODUCTIVO Y EMPRESARIAL |
dc.contributor.author | Cimoli, Mario |
dc.contributor.author | Porcile, Gabriel |
dc.coverage.spatialEng | LATIN AMERICA AND THE CARIBBEAN |
dc.coverage.spatialSpa | AMERICA LATINA Y EL CARIBE |
dc.date.accessioned | 2015-03-10T14:13:29Z |
dc.date.available | 2015-03-10T14:13:29Z |
dc.date.issued | 2015-01 |
dc.description.abstract | The microfoundations of economic models are a hotly debated topic in the literature. The debate is important because microfoundations —the ways in which agents decide and behave— have implications that go beyond a specific firm, market or activity; they strongly condition macroeconomic outcomes. This document addresses the classical problems of rationality, uncertainty and institutions: when there is Keynes-Knight uncertainty and rationality is bounded, decision making adopts the form of conventional rules or heuristics. The hyper-rational representative agent of the rational expectations world could generate highly misleading outcomes in macro models. Section 2 applies this discussion to the study of technical change and to innovation and diffusion of technology in the international system, which transform the patterns of specialization. Section 3 discusses the forces that may trap a country in a low-growth trap and the crucial role of institutions in escaping from this trap. |
dc.description.tableOfContents | Abstract .-- I. Rationality and institutions in an uncertain world .-- II. Learning the co-evolution of capabilities and the production structure .-- III. Structural inertia, lock-in and the role of institutions in escaping from a low-growth trap .-- IV. Institutions, power and Schumpeterian political economy .-- V. Combining the supply side and the demand side: learning and growth paths. |
dc.format | Texto |
dc.format.extent | 29 páginas. |
dc.format.mimetype | application/pdf |
dc.identifier.unSymbol | LC/L.3955 |
dc.identifier.uri | https://hdl.handle.net/11362/37758 |
dc.language.iso | eng |
dc.physicalDescription | 29 p. |
dc.publisher | ECLAC |
dc.publisher.place | Santiago |
dc.relation.isPartOfSeries | Serie Desarrollo Productivo |
dc.relation.isPartOfSeriesNo | 198 |
dc.rights.coar | Disponible |
dc.subject.unbisEng | STRUCTURAL ADJUSTMENT |
dc.subject.unbisEng | ECONOMIC DEVELOPMENT |
dc.subject.unbisEng | PRODUCTIVITY |
dc.subject.unbisEng | INDUSTRIAL ENTERPRISES |
dc.subject.unbisEng | TECHNOLOGICAL INNOVATIONS |
dc.subject.unbisEng | DEVELOPMENT MODELS |
dc.subject.unbisSpa | AJUSTE ESTRUCTURAL |
dc.subject.unbisSpa | DESARROLLO ECONOMICO |
dc.subject.unbisSpa | PRODUCTIVIDAD |
dc.subject.unbisSpa | EMPRESAS INDUSTRIALES |
dc.subject.unbisSpa | INNOVACIONES TECNOLOGICAS |
dc.subject.unbisSpa | MODELOS DE DESARROLLO |
dc.title | What kind of microfoundations? Notes on the evolutionary approach |
dc.type.coar | libro |
dspace.entity.type | Publication |
relation.isAuthorOfPublication | c86704c3-857e-4aa1-912c-e716155e2483 |
relation.isAuthorOfPublication | 04acca58-e081-4af2-9488-22daac1be743 |
relation.isAuthorOfPublication.latestForDiscovery | c86704c3-857e-4aa1-912c-e716155e2483 |
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