Economic Growth and Technology Diffusion, Emphasizing the importance of developing country firm - knowledge for growth and income convergence
(2009)Department of Economics
- Abstract
- In this paper I build upon the theory of endogenous economic growth to explain the presence or absence of convergence between the industrialized and the developing world. This is done by emphasizing the role of the business firm as an avenue to technological “catch up”. I suggest that the importance of knowledge incorporated within the private business firm and it’s effect on the process of technological assimilation and economic growth has been somewhat neglected in the earlier models of aggregated growth. By presenting a model of technology diffusion that builds upon the traditional models of endogenous growth, but
includes the business firm as a hub in the process of technology diffusion, I show that it is insufficient to focus solely... (More) - In this paper I build upon the theory of endogenous economic growth to explain the presence or absence of convergence between the industrialized and the developing world. This is done by emphasizing the role of the business firm as an avenue to technological “catch up”. I suggest that the importance of knowledge incorporated within the private business firm and it’s effect on the process of technological assimilation and economic growth has been somewhat neglected in the earlier models of aggregated growth. By presenting a model of technology diffusion that builds upon the traditional models of endogenous growth, but
includes the business firm as a hub in the process of technology diffusion, I show that it is insufficient to focus solely on human capital, as it is described in the growth literature, as being the main contributor to technology diffusion without explaining its more direct effects on the process of production and growth. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1459145
- author
- Personne, Gustav
- supervisor
- organization
- year
- 2009
- type
- M2 - Bachelor Degree
- subject
- keywords
- economic growth, diffusion, Technology, R&D, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1459145
- date added to LUP
- 2009-08-05 00:00:00
- date last changed
- 2010-08-03 10:52:45
@misc{1459145,
abstract = {{In this paper I build upon the theory of endogenous economic growth to explain the presence or absence of convergence between the industrialized and the developing world. This is done by emphasizing the role of the business firm as an avenue to technological “catch up”. I suggest that the importance of knowledge incorporated within the private business firm and it’s effect on the process of technological assimilation and economic growth has been somewhat neglected in the earlier models of aggregated growth. By presenting a model of technology diffusion that builds upon the traditional models of endogenous growth, but
includes the business firm as a hub in the process of technology diffusion, I show that it is insufficient to focus solely on human capital, as it is described in the growth literature, as being the main contributor to technology diffusion without explaining its more direct effects on the process of production and growth.}},
author = {{Personne, Gustav}},
language = {{eng}},
note = {{Student Paper}},
title = {{Economic Growth and Technology Diffusion, Emphasizing the importance of developing country firm - knowledge for growth and income convergence}},
year = {{2009}},
}