Technology investment and growth in economic welfare

World Development

Volumn 24, Issue 7, 1996, Pages 1243-1266

  Daniels, Peter L ^a  

^a GRIFFITH UNIVERSITY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

COMPARATIVE STUDY; ECONOMIC GROWTH; ECONOMIC WELFARE; GNP; GROWTH THEORY; INTERNATIONAL COMPARISON; INVESTMENT; TECHNOLOGICAL CHANGE; TECHNOLOGICAL INVESTMENT; WELFARE IMPACT;

EID: 0030423364     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/0305-750X(96)00027-7     Document Type: Article

References (93)

1. Adams, James A., "Fundamental stocks of knowledge and productivity growth," Journal of Political Economy, Vol. 98 (1990), pp. 673-702.
2. Amable, Bruno, "Catch-up and convergence: A model of cumulative growth," International Review of Applied Economics, Vol. 6 (1993), pp. 1-26.
3. Antonelli, C., P. Petit, and G. Tahar, The Economics of Industrial Modernization (London: Academic Press, 1992).
4. Arrow, K. J., "The economic implications of learning by doing," Review of Economic Studies, Vol. 29 (1962), pp. 155-173.
5. Azariadis, C. and A. Drazen, "Threshold externalities in economic development," Quarterly Journal of Economics, Vol. 105 (1990), pp. 501-526.
6. Balassa, Bela, "The purchasing-power doctrine: A reappraisal," Journal of Political Economy, Vol. 72 (1964), pp. 584-596.
7. Barro, Robert, "Economic growth in a cross-section of countries," NBER Working Paper No. 3120 (Cambridge, MA: NBER, September 1989).
8. Barro, R., "Economic growth in cross-section of countries," Quarterly Journal of Economics, Vol. 10 (1991), pp. 407-443.
9. Barro, R. and G. Becker, "Fertility choice in a model of economic growth," Econometrica, Vol. 57 (1989), pp. 481-501.
10. Barro, R. and J. Lee, "International comparisons of educational attainment," Paper presented at a conference "How do national policies affect long-run growth?" (Washington, DC: World Bank. February, 1993).
11. Barro, R. and X. Sala-i-Martin, "Convergence," Journal of Political Economy, Vol. 100 (1992), pp. 223-251.
12. Baumol, W. J., S. Batey Blackman and E. Wolff, Productivity and American Leadership: The Long View (Cambridge, MA: MIT Press, 1989).
13. Becker, G., K. Murphy and R. Tamura, "Human capital fertility and economic growth," Journal of Political Economy, Vol. 98 Pt. 2 (1990), pp. S12-S37.
14. Beckerman, W. (Ed.), Slow Growth in Britain (Oxford: Clarendon Press, 1979).
15. Bloom, D. and R. Freeman, "The effects of population growth on labour supply and employment in developing countries," Population Development Review, Vol. 12 (1986), pp. 381-414.
16. Bloom, D. and R. Freeman, "Economic development and the timing of components of population growth," in D. Salvatore (Ed.), World Population Trends and their Impact on Economic Development (New York: Greenwood Press, 1988), pp. 83-112.
17. Brander, James A., "Comparative economic growth: Evidence and interpretation," Canadian Journal of Economics, Vol. 25 (1992), pp. 792-818.
18. Brander, J. and S. Dowrick, "The role of fertility and population in economic growth: Empirical results from aggregate cross-national data," Journal of Population Economics, Vol. 7 (1994), pp. 1-25.
19. Bugliarello, G., "Technology and economic development," Metroeconomica, Vol. 36 (1984), pp. 111-119.
20. Bureau of Industry Economics, "Recent developments in the theory of economic growth: Policy implications," BIE Occasional Papers 11 (Canberra: AGPS, 1992).
21. Coale, A., "Population trends and economic development," in J. Mencken (Ed.), World Population and US policy: The Choices Ahead (New York: Norton for the American Assembly, 1988), pp. 96-104.
22. Coale, A. and E. Hoover, Population Growth and Economic Development in Low Income Countries: A Case Study of India's Prospects (Princeton: Princeton University Press, 1958).
23. Coe, D. T. and E. Helpman, "International R&D spillovers," NBER Working Paper No. 4444 (Cambridge, MA: NBER, 1993).
24. Cornwall, J., Modern Capitalism: Its Growth and Transformation (London: Martin Robertson, 1977).
25. De Long, J. Bradford and Lawrence H. Summers, "Equipment investment and economic growth," Quarterly Journal of Economics, Vol. 106 (1991), pp. 445-502.
26. Dosi, G., K. Pavitt and L. Soete, The Economics of Technical Change and International Trade (New York: Harvester Wheatsheaf, 1990).
27. Dosi, G., C. Freeman, R. R. Nelson, G. Silverberg and L. Soete (Eds.), Technical Change and Economic Theory (London: Pinter Publishers, 1988).
28. Dowrick, S., "Technological catch-up and diverging incomes: Patterns of economic growth 1960-88," Economic Journal, Vol. 102 (1992), pp. 600-610.
29. Dowrick, Steve, "New theory and evidence on economic growth and their implications for Australian policy," Economic Analysis and Policy, Vol. 23 (1993), pp. 105-121.
30. Dowrick, S. and D. Nguyen, "OECD comparative economic growth 1950-85: Catch-up and convergence," American Economic Review, Vol. 79 (1989), pp. 1010-1030.
31. Fagerberg, Jan, "A technology gap approach to why growth rates differ," Research Policy, Vol. 16 (1987), pp. 87-99.
32. Fecher, F. and S. Perlman, "Productivity growth, technological progress and R&D in OECD industrial activities," in Public Finance and Steady Economic Growth (The Hague: International Institute of Public Finance, 1989).
33. Freeman, C., The Economics of Industrial Innovation (London: Pinter, 1982).
34. Freeman, C., Technology Policy and Economic Performance: Lessons from Japan (London: Pinter Publishers, 1987).
35. Freeman, C. and L. Soete, Technical Change and Full Employment (New York: Basil Blackwell, 1987).
36. Giersch, H. (Ed.), Emerging Technologies: Consequences for Economic Growth, Structural Change, and Employment (Tubingen: J. C. Mohr, 1982).
37. Gittleman, M. and E. Wolff, "R&D activity and cross-country growth comparisons," Cambridge Journal of Economics, Vol. 19 (1995), pp. 189-208.
38. Gomulka, S., "Britain's slow industrial growth - increasing inefficiency versus low rate of technical change," in W. Beckerman (Ed.), Slow Growth in Britain (Oxford: Clarendon Press, 1979), pp. 166-193.
39. Gomulka, S., "Kaldor's stylised facts, dynamic economies of scale and diffusional effect in productivity change" (London: London School of Economics, 1982).
40. Gomulka, S., The Theory of Technological Change and Economic Growth (London: Routledge, 1990).
41. Grier, K. and G. Tullock, "An empirical analysis of cross-national economic growth 1951-80," Journal of Monetary Economics, Vol. 24 (1989), pp. 259-276.
42. Grossman, G. and E. Helpman, Innovation and Growth in the Global Economy (Cambridge, MA: MIT Press, 1991).
43. Harcourt, G. C., Some Cambridge Controversies in the Theory of Capital (Cambridge: Cambridge University Press, 1972).
44. Hood, N. and J. Vahlne (Eds.), Strategies in Global Competition (London: Croom Helm).
45. Kaldor, N., "A model of economic growth," Economic Journal, Vol. 67 (1957), pp. 591-624.
46. Kelley, A., "Economic consequences of population change in the Third World," Journal of Economic Literature, Vol. 26 (1988), pp. 1685-1728.
47. Kormendi, R. and P. Meguire, "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Vol. 16 (1985), pp. 141-163.
48. Lall, Sanjaya, "Technological capabilities and industrialization," World Development, Vol. 20, No. 2 (1992), pp. 165-186.
49. Levine, R. and D. Renelt, "A sensitivity analysis of cross-country growth regressions," American Economic Review, Vol. 82 (1992), pp. 942-963.
50. Lichtenberg, F. R., "R&D investment and international productivity differences," NBER Working Paper No. 4161 (Cambridge, MA: NBER, September 1992).
51. Lucas, Robert E., "On the mechanics of economic development," Journal of Monetary Economics, Vol. 22 (1988), pp. 3-42.
52. Lundvall, B., "Innovation as an interactive process," in G. Dosi et al. (Eds.), Technical Change and Economic Theory (London: Pinter Publishers, 1988), pp. 349-369.
53. Lundvall, B. (Ed.), National Systems of Innovation: Towards a Theory of Innovation and Interactive Learning (London: Pinter Publishers, 1992).
54. Manikw, N., D. Romer and D. Weill, "A contribution to the empirics of economic growth," Quarterly Journal of Economics, Vol. 107 (1992), pp. 407-438.
55. Marris, R., "How much of the slow-down was catch-up?" In R. C. Matthews (Ed.), Slower Growth in the Western World. Joint Studies in Public Policy, 6 (London: Heinemann, 1982), pp. 128-144.
56. Matthews, R. C. (Ed.), Slower Growth in the Western World, Joint Studies in Public Policy, 6 (London: Heinemann, 1982).
57. McNicoll, G., "Consequences of rapid population growth: An overview and assessment," Population Development Review, Vol. 10 (1984), pp. 177-240.
58. Mencken, J. (Ed.), World Population and US policy: The Choices Ahead (New York: Norton for the American Assembly, 1988).
59. Nelson, R. R., The Technology Gap: Analysis and Appraisal (Santa Monica: Rand Corporation, 1967).
60. Newman, B. and R. Thomson, "Economic growth and social development: A longitudinal analysis of causal priority," World Development, Vol. 17 (1989), pp. 461-471.
61. Otani, I. and D. Villanueva, "Long-term growth in developing countries and its determinants: An empirical analysis," World Development, Vol. 18, No. 6 (1990), pp. 769-783.
62. Parvin, M., "Technological adaptation optimum level of backwardness and the rate of per capita income growth: An econometric approach," American Economist, Vol. 19 (1975), pp. 23-31.
63. Pavitt, K., "Technical innovation and industrial development," Futures (December 1979), pp. 458-470.
64. Pavitt, K., "Technical innovation and industrial development 2: The dangers of divergence," Futures (February 1980), pp. 35-44.
65. Pavitt, K., "Patenting and innovative activities: A statistical exploration," Research Policy, Vol. 11 (1982), pp. 33-51.
66. Pavitt, K., "International patterns of technological accumulation," in N. Hood and J. Vahlne (Eds.), Strategies in Global Competition (London: Croom Helm, 1988), pp. 126-157.
67. Pavitt, K. and P. Patel, "The international distribution and determinants of technological activities," Oxford Review of Economic Policy, Vol. 4 (1988), pp. 35-55.
68. Pavitt, K. and L. Soete, "International differences in economic growth and the international location of innovation," in H. Giersch (Ed.), Emerging Technologies: Consequences for Economic Growth, Structural Change, and Employment (Tubingen: J. C. Mohr, 1982), pp. 105-144.
69. Pianta, Mario, "Technology and growth in OECD countries, 1970-1990," Cambridge Journal of Economics, Vol. 19 (1995), pp. 175-187.
70. Romer, P. M., "Increasing returns and long-run growth," Journal of Political Economy, Vol. 94 (1986), pp. 1002-1037.
71. Romer, P., "Crazy explanations for the productivity slowdown," in NBER, Macroeconomics Annual (Cambridge, MA: MIT Press, 1987).
72. Romer, P., "Human capital and growth: Theory and evidence," NBER Working Paper No 3173 (Cambridge, MA: NBER, 1989).
73. Romer, P. M., "Endogenous technical change," Journal of Political Economy, Vol. 98 (1990), pp. S71-S102.
74. Salvatore, D. (Ed.), World Population Trends and their Impact on Economic Development (New York: Greenwood Press, 1988).
75. Scott, M., A New View of Economic Growth (Oxford: Clarendon Press, 1989).
76. Scott, M., "A new view of economic growth. Four lectures," World Bank Discussion Paper No. 131 (Washington, DC: World Bank, 1990).
77. Scott, M. F. G., "Policy implications of 'A new view of economic growth,'" Economic Journal, Vol. 102 (1992), pp. 622-632.
78. Silverberg, G. and L. Soete (Eds.), The Economics of Growth and Technical Change: Technologies, Actions, Agents (Aldershot: Edward Elgar, 1994).
79. Simon, J., "On aggregate empirical studies relating population variable to economic development," Population Development Review, Vol. 15 (1989), pp. 323-332.
80. Soete, Luc, "Technological dependency: A critical view," in D. Seers (Ed.), Dependency Theory: A Critical Reassessment (London: Frances Pinter, 1981), pp. 181-206.
81. Soete, Luc, "The impact of technological innovation on international trade patterns: The evidence reconsidered," Research Policy, Vol. 16 (1987), pp. 101-130.
82. Solow, R., "Technical change and the aggregate production function," Review of Economics and Statistics, Vol. 39 (1957), pp. 312-320.
83. Srinivasan, T. N., "Population growth and economic development," Journal of Policy Modelling, Vol. 10 (1988), pp. 7-28.
84. Stern, N., "The determinants of growth," Economic Journal, Vol. 101 (1991), pp. 122-133.
85. Summers, R. and A. Heston, "The Penn World Table (Mark 5): An expanded set of international comparisons 1950-88," Quarterly Journal of Economics, Vol. 70 (1991), pp. 65-94.
86. UNESCO, Statistical Yearbook (Paris: UNESCO, various years).
87. United Nations, "World population trends and policies: 1987 Monitoring report," ST/ESA/SER.A/106 United Nations New York (on diskette) (1988).
88. Uzawa, Hirofumi, "Optimum technical change in an aggregative model of growth," International Economic Review, Vol. 2 (1965), pp. 18-31.
89. Verspagen, B., "A new empirical approach to catching up or falling behind," Structural Change and Economic Dynamics, Vol. 2 (1991), pp. 359-378.
90. Verspagen, B., "Technology and growth: The complex dynamics of convergence and divergence," in G. Silverberg and L. Soete (Eds.), The Economics of Growth and Technical Change: Technologies, Actions, Agents (Aldershot: Edward Elgar, 1994).
91. Williams, B. R., Technology Investment and Growth (London: Chapman and Hall, 1967).
92. World Bank, "World Development Report 1991. The Challenge of Development," (Oxford: Oxford University Press, 1991).
93. Young, Allyn A., "Increasing returns and economic progress," Economic Journal, Vol. 35 (1928), pp. 527-542.