Working Paper: NBER ID: w20060
Authors: Daron Acemoglu
Abstract: This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three complementary but different approaches are useful in the study of a range of current research areas— though they may also yield different answers to important questions. It concludes by highlighting several important areas where these ideas can be fruitfully applied in future work.
Keywords: No keywords provided
JEL Codes: E25; J31; O30; O31; O33
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Localized technological progress (O39) | Improvements in productivity (O49) |
| Technological change is biased (O33) | Improvements in productivity occur primarily in techniques currently in use (O49) |
| Relative prices of factors of production (F16) | Direction of technological change (O33) |
| Localized technological change (O39) | Factor prices (F16) |
| Technological improvements (O33) | Changes in the slope of the production function (D24) |