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Portfolio Approach to Investment in Technology
The paper is a response to some puzzles the author faced applying Neo Schumpeterian theory, both as an academic, trying to explain the level and composition of investment in technology in Latin America, and as a Government bureaucrat, attempting to increase the level and change the composition of such investment in Brazil. He argues that the “paradigmatic blindness” is not necessary – there is scope for cross-fertilization between the Post Keynesian and Neo Schumpeterian research programs.
Link
http://www.schumpeter2004.uni-bocconi.it/dwload.php?download=download&id_pap=49