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Economic Growth and Technology Diffusion, Emphasizing the importance of developing country firm - knowledge for growth and income convergence

Personne, Gustav (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)
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author
Personne, Gustav
supervisor
organization
year
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},
  keyword      = {economic growth,diffusion,Technology,R&D,Economics, econometrics, economic theory, economic systems, economic policy,Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik},
  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},
}