Models of Capability Accumulation

Description

The accumulation of new technological capabilities is of high empirical relevance, both for the development of countries and the business success of firms. In this paper, we aim to delineate strategieshow these processes ofcapability accumulationcan be considered more accurately in comprehensive macroeconomic models. To this end, we conduct an interdisciplinary review of the literaturespecialized on capability accumulation by analyzing both empirical as well as theoretical literatureon the firm and aggregated level. In doing so, we identify various determinants and mechanisms ofcapability accumulation and align them with the current representation of capability accumulation inmacroeconomic models. Finally, we make some suggestions on how macroeconomists may integratethese determinants derived from the specialized literature into their models.

Period	13 Sept 2019
Event title	European Association for Evolutionary Political Economy
Event type	Conference
Location	PolandShow on map