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首页> 外文期刊>Journal of economic issues >Technological versus Pecuniary External Economies: The Former Should Rule the Roost
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Technological versus Pecuniary External Economies: The Former Should Rule the Roost

机译：技术与经济外部经济：前者应占主导地位

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The paper endeavors to illustrate that though the existing literature emphasizes the dynamic role of Scitovskian pecuniary external economies to account for the growth of innovations, highlighting particular types of market interdependence, such interdependencies can just highlight quasi-rent-led static adjustments that do not ensure an endogenous growth of innovations; the possibility of the growth of innovations remains exogenous. In this context, the present paper highlights the importance of division of labor-led dynamic technological external economies that ensures the endogenous growth of innovations, underlining the need of reinterpretation of Allyn Young in a broader Kaldorian-Keynesian perspective. In this perspective, finance-led investment in more productive opportunities not only supports increases in market size but also begets further investment in (still) more productive opportunities. This understanding provides a more dynamic conceptualization of Keynesian pecuniary external economies that are driven by Youngian technological external economies.
机译：本文力图说明，尽管现有文献强调了西奇夫斯基货币外部经济在创新增长中的动态作用，强调了特定类型的市场相互依存关系，但这种相互依存关系只能强调准租金主导的静态调整，但不能确保创新的内生增长；创新增长的可能性仍然是外生的。在这种情况下，本文件强调了以劳动为主导的动态技术外部经济体进行分工的重要性，以确保创新的内生增长，并强调需要从更广阔的卡尔多里亚式凯恩斯主义角度重新诠释阿林·杨。从这个角度来看，以金融为主导的对更多生产机会的投资不仅支持市场规模的扩大，而且可以吸引（仍然）更多生产机会的进一步投资。这种理解为由Youngian技术外部经济驱动的凯恩斯货币外部经济提供了更加动态的概念。

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