AGRICOLA IND 90019481, Technical change is dynamic, recursive, and endogenous to the economic system. However, empirical studies usually treat technology as exogenous, defining technical change in terms of its end result: changes in some production possibilities set. An endogenous view of technical change is necessary to understand, anticipate, and perhaps alter the development and use of new technologies and their associated problems. This article outlines a conceptual framework in which technical change is endogenous. The framework accounts for the dynamic and recursive interactions between research and development activities, the adoption and diffusion of new innovations, and the regulatory and institutional environment. As an example, the development of glyphosate-tolerant crops is discussed to show how the framework can be used to identify, organize, and understand the important variables and relationships for a specific case of technical change.
Austin, Lucinda L. (author / University of North Carolina at Chapel Hill), Schultz, MaryClaire (author / Elon University), and Gaither, Barbara Miller (author / Elon University)
Format:
Book chapter
Publication Date:
2019
Published:
International
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 102 Document Number: D10898
Notes:
See also D10895., Pages 95-103 in Brigitta R. Brunner and Corey A. Hickerson (editors), Cases in public relations: translating ethics into action. Oxford University Press, New York City, New York. 359 pages., Reports on goals of McDonald's to increase transparency with consumers. While their goals are clear, their actions fall short."
