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Where Micro meets Macro in Technology Space

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Type: Conference Paper
Author: Frischmann, Brett M.; Hogendorn, Christiaan
Conference: Governing Shared Resources: Connecting Local Experience to Global Challenges, the Twelfth Biennial Conference of the International Association for the Study of Commons
Location: Cheltenham, England
Conf. Date: July 14-18, 2008
Date: 2008
URI: http://hdl.handle.net/10535/1521
Sector: Theory
Subject(s): economic theory
Abstract: "We describe three key elements in economic growth models: general purpose technologies (GPTs), institutions, and infrastructure. In existing growth models, these are addressed from a very aggregate perspective, but we emphasize that their microeconomic structures are complex and often involve commons aspects. We discuss the similarities and differences between GPTs, institutions, and infrastructure from both the demand and supply side perspectives. We use that comparison to draw more specific lessons from growth models on the contributions of each of the growth drivers and the policy implications for how they can be managed."

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