The Changing Economics of Technological Learning: Implications for the Distribution of Innovative Capabilities in Europe

  • R. Cowan
  • Dominique Foray
Part of the Economics of Science, Technology and Innovation book series (ESTI, volume 9)

Abstract

When a new technology first appears as a possible solution to economic or technical problems, it is typically not well—understood. The degree to which any particular technology is subject to uncertainty about its characteristics and costs varies with the extent to which the technology is new and novel, but for some technologies it can be extreme. When this is the case, developing the technology will involve a considerable amount of learning about its functions, performance, and operational characteristics.

Keywords

Total Factor Productivity Technical Change Tacit Knowledge Learning Paradigm Technological Learn 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1996

Authors and Affiliations

  • R. Cowan
    • 1
  • Dominique Foray
    • 2
  1. 1.University of Western OntarioCanada
  2. 2.IRIS TS and OECDCNRSFrance

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