24 Pages Posted: 13 Apr 2014
Date Written: March 18, 2014
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: Biased technological change, directed technological change, localized technological change, innovation, skill-biased technological change, technology
JEL Classification: E25, J31, O30, O31, O33
Suggested Citation: Suggested Citation
Acemoglu, Daron, Localized and Biased Technologies: Atrkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change (March 18, 2014). MIT Department of Economics Working Paper No. 14-13. Available at SSRN: https://ssrn.com/abstract=2424079 or http://dx.doi.org/10.2139/ssrn.2424079