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Theory and empirics of capability accumulation: Implications for macroeconomic modeling
Research Policy ( IF 9.473 ) Pub Date : 2021-04-12 , DOI: 10.1016/j.respol.2021.104258
Matthias Aistleitner , Claudius Gräbner , Anna Hornykewycz

The accumulation of new technological capabilities is of high empirical relevance, both for the development of countries and the business success of firms. This paper aims to delineate strategies for the consideration of processes of capability accumulation in comprehensive macroeconomic models. It comprises a methodological discussion about the preconditions for macroeconomic models to consider insights from the applied business literature, as well as an extensive review of the literature specialized on capability accumulation on the firm and aggregated level. In doing so, it summarizes evidence on various determinants and mechanisms of capability accumulation and aligns them with the current representation of capability accumulation in macroeconomic models. Based on these results, it offers some suggestions on how macroeconomists may integrate these determinants derived from the specialized literature into their models.



中文翻译:

能力积累的理论和经验:对宏观经济建模的启示

新技术能力的积累对于国家的发展和企业的商业成功都具有高度的经验意义。本文旨在描述考虑能力积累过程的策略在全面的宏观经济模型中。它包括有关宏观经济模型的先决条件的方法论讨论,以考虑来自应用商业文献的见解,以及对专门研究企业和综合能力积累的文献的广泛回顾。在此过程中,本文总结了有关能力积累的各种决定因素和机制的证据,并使它们与宏观经济模型中当前的能力积累表示保持一致。基于这些结果,它为宏观经济学家如何将这些源自专业文献的决定因素整合到他们的模型中提供了一些建议。

更新日期:2021-04-12
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