Publication: The diffusion of modern iron and steel technology in France, Spain and Italy
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1992-04
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Abstract
The intent of this study is to illustrate the limited usefulness, for the purposes of
economic history, of the neoclassical aggregate concept of capital formation,
i,e., a simple percentage of GNP saved and invested and an aggregate fixed rate
of technical progress, and to emphasize the necessity of a deeper scrutiny of the
process of technological change by focussing on a distinct and varying aspect of
capital accumulation and technological change such as the process of technical
sectoral diffusion among countries. Three national cases of capital accumulation
are used to develop this approach: France, Spain and Italy. In each of them, the
growth of the iron and steel sector during the nineteenth century is examined.
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Capital accumulation, Entrepreneurship, Gerchenkronian advantage, Innovation, Iron and steel, Sectoral industrial growth, Techonological diffusion, Wave-like industrial processes