会员登录
会员注册Ping Chen
Center for New Political Economy, Fudan University, Shanghai, China
And
National School of Development, Peking University, Beijing, China
Email: pchen@nsd.pku.edu.cn
Extended Version on Apr. 28, 2014
Prepared for Proceedings of International Schumpeter Society
Presented at Brisbane, Australia, June 27, 2012.
Abstract
Both exogenous and endogenous growth theories in neoclassical economics ignore the resource constraints and wavelike patterns in technology development. The logistic growth and species competition model in population dynamics provides an evolutionary framework of economic growth driven by technology wavelets in market-share competition. Learning by doing and knowledge accumulation ignores the interruptive nature of technology advancement. Creative destruction can be understood by using knowledge metabolism. Policies and institutions co-evolve during different stages of technology cycles. Division of labor is limited by the market extent, numbers of resources, and environment fluctuations. There is a trade-off between the stability and complexity of an ecological-industrial system. Diversified patterns in development strategy are shaped by culture and environment when facing learning uncertainty. The Western mode of division of labor is characterized by labor-saving and resource-intensive technology, while the Asian and Chinese modes feature resource-saving and labor-intensive technology. Nonlinear population dynamics provides a unified evolutionary theory from Smith, Malthus, to Schumpeter in economic growth and technology development.
Key words: growth theory, market-share competition, technology wavelet, learning uncertainty, knowledge metabolism.
JEL Classification: C30, E37, D83, L50, O00
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