relationship between technological change and economic development
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relationship between technological change and economic development

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Published by University of the Philippines, School of Economics in [Quezon City] .
Written in English

Book details:

Edition Notes

Statementby Frank M. Little.
SeriesDiscussion paper ;, no. 9708, Discussion paper (University of the Philippines. School of Economics) ;, no. 9708.
LC ClassificationsMLCM 2002/07715 (H)
The Physical Object
Pagination28 p. ;
Number of Pages28
ID Numbers
Open LibraryOL3611770M
LC Control Number2002364994

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Frank M. Little, "The Relationship Between Technological Change and Economic Development," UP School of Economics Discussion Papers , University of the Philippines School of Economics. Handle: RePEc:phs:dpaper Technological development brings economic growth. However it also enhances social wealth on the one hand by increasing the income levels and wealth and causes certain social problems on the other hand. Technological development makes very important contributions to the economic and social-cultural by: Beyond the Technological Revolution is a four-year research project led by Carlota Perez, as a continuation of the work done for her book Technological Revolutions and Financial Capital: the Dynamics of Bubbles and Golden Ages (Edward Elgar).Her research explores the relationship between technology and economic development, between finance and technological diffusion and between . While related variety is now present in many leading regions, the local match between technological and economic activities remains the most relevant discriminator between already well-developed.

Economic and Social Development. Economic development is a process of structural transformation with continuous technological innovation and industrial upgrading, which increase labor productivity, and accompanied improvements in infrastructure and institution, which reduce transaction costs.   The Relationship between Economic Growth and Sustainability. Consider Herman Daly's definition that sustainable development is "development without growth in throughput of matter and energy beyond regenerative and absorptive capacities." and in accelerating society's various environmental transitions so that technological change and. FRONTIER ISSUES 31 JULY The impact of the technological revolution on labour markets and income distribution Department of Economic & Social Affairs.   Developing countries generally see a close relationship between technology and economic development and look for technology transfer by means of networking, foreign direct investment, joint ventures or licensing of technology. The use of technology is seen as increasing productivity and enabling the country to achieve a higher output from the same number of labor hours.

What Is Technological Change. In economics, a technological change is an increase in the efficiency of a product or process that results in an increase in output, without an increase in input. In. "The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for growth policy. financial development have, in some countries over extensive periods, critically influenced economic development. Yet, these results do not imply that finance is everywhere and always exogenous to economic growth. Economic activity and technological innovation undoubtedly affect the structure and quality of financial Size: 3MB. This volume explores the dynamics of the innovation process in developing countries with respect to economic growth. First, the book focuses on the relationship between innovation and economic development from a macroeconomic perspective, with an emphasis on incorporating technological change and intellectual property rights into the theoretical model.