The Geography of Invention in High- and Low-Technology Industries: Evidence from the Second Industrial Revolution

2006 ◽  
Vol 66 (2) ◽  
pp. 492-496 ◽  
Author(s):  
DHANOOS SUTTHIPHISAL
Keyword(s):  
Economic Growth ◽  
Technological Progress ◽  
Industrial Revolution ◽  
Technological Knowledge ◽  
Geographic Disparities ◽  
Geographic Space ◽  
Diffusion Of Technology ◽  
Rapid Generation ◽  
Technology Industries ◽  
And Diffusion

Technological progress has long been widely recognized as a crucial source of economic growth. Many countries have, accordingly, devoted considerable resources to promote more rapid generation and diffusion of technology in their economies. Yet recent studies reveal a persistence of stark contrasts across countries and geographic space more generally, not only in productivity, but also in the generation of new technological knowledge. What accounts for these geographic disparities is not well understood.

scholarly journals A multi-sectoral version of the Post-Keynesian growth model

2015 ◽  
Vol 45 (1) ◽  
pp. 127-152 ◽  
Author(s):  
Ricardo Azevedo Araujo ◽  
Joanílio Rodolpho Teixeira
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Growth Model ◽  
Vertical Integration ◽  
Technological Progress ◽  
Natural Rate ◽  
Productivity Increase ◽  
Rate Of Profit ◽  
And Diffusion ◽  
Over Time

Abstract With this inquiry, we seek to develop a disaggregated version of the post-Keynesian approach to economic growth, by showing that indeed it can be treated as a particular case of the Pasinettian model of structural change and economic expansion. By relying upon vertical integration it becomes possible to carry out the analysis initiated by Kaldor (1956) and Robinson (1956, 1962), and followed by Dutt (1984), Rowthorn (1982) and later Bhaduri and Marglin (1990) in a multi-sectoral model in which demand and productivity increase at different paces in each sector. By adopting this approach it is possible to show that the structural economic dynamics is conditioned not only to patterns of evolving demand and diffusion of technological progress but also to the distributive features of the economy, which can give rise to different regimes of economic growth. Besides, we find it possible to determine the natural rate of profit that makes the mark-up rate to be constant over time.

scholarly journals Growth Regimes in a Structural Economic Dynamic Approach to the Neo-Kaleckian Model

2016 ◽  
Vol 2 (1) ◽  
pp. 26-39
Author(s):  
Ricardo Azevedo Araujo ◽  
Joanílio Teixeira
Keyword(s):  
Economic Growth ◽  
Technological Progress ◽  
Closed Economy ◽  
Dynamic Approach ◽  
Natural Rate ◽  
Economic Dynamic ◽  
Probable Outcome ◽  
Rate Of Profit ◽  
And Diffusion ◽  
Kaleckian Model

Following the insight that profits influence investment, providing not only the motive for it but also the means,we consider the natural rate of profit as one of the determinants of investment in a disaggregated version of the Neo-Kaleckian model of economic growth.By adopting this approach, it is shown that the structural economic dynamic is conditioned not only to the patterns of evolving demand and diffusion of technological progress but also to the distributive features of the economy, which can give rise to particular regimes of economic growth. From this perspective, it is possible to conclude that a wage-led regime is the most probable outcome in a closed economy where the natural rate of profit is one of determinants of investment. Following the insight that profits influence investment, providing not only the motive for it but also the means,we consider the natural rate of profit as one of the determinants of investment in a disaggregated version of the Neo-Kaleckian model of economic growth.By adopting this approach, it is shown that the structural economic dynamic is conditioned not only to the patterns of evolving demand and diffusion of technological progress but also to the distributive features of the economy, which can give rise to particular regimes of economic growth. From this perspective, it is possible to conclude that a wage-led regime is the most probable outcome in a closed economy where the natural rate of profit is one of determinants of investment. 

scholarly journals Technological Changes in Economic Growth Theory: Neoclassical, Endogenous, and Evolutionary-Institutional Approach

2016 ◽  
Vol 54 (2) ◽  
pp. 177-194 ◽  
Author(s):  
Dragoslava Sredojević ◽  
Slobodan Cvetanović ◽  
Gorica Bošković
Keyword(s):  
Economic Growth ◽  
Diffusion Of Innovation ◽  
Industrial Revolution ◽  
Growth Theory ◽  
Technological Changes ◽  
Policy Makers ◽  
Key Driver ◽  
The Creation ◽  
Evolutionary Growth ◽  
And Diffusion

Abstract The aim of the research in this paper is to analyse the issue of the treatment of the category of technological changes within the main aspects of economic growth theory. The analysis of the key positions of neoclassical theory (Solow), endogenous approach (Romer), and evolutionary growth theory (Freeman) advocates has pointed to the conclusion that these approaches agree on the fact that the category of technological changes is a key generator of economic growth. Neoclassicists were the first to explicitly analyse the category of technological changes in growth theory. They exerted a strong influence on a large number of governments to allocate significant funds for scientific and research development, to stimulate the creation and diffusion of innovation. Supporters of endogenous theory also see the category of technological changes as a key driver of economic growth. Unlike neoclassicists, they emphasise the importance of externalities, in the form of technological spillover and research and development activities, for the creation and diffusion of innovation. Finally, evolutionary and institutional economists explore the category of technological changes inseparably from the economic and social environment in which they are created and diffused. Recommendations of this research can be of particular use to economic growth and development policy makers in the knowledge economy, whose basic and substantial feature is the so-called fourth industrial revolution

Can foreign direct investment help Poland catch up with the EU?

2004 ◽  
Vol 37 (3) ◽  
pp. 413-427 ◽  
Author(s):  
Marzenna Anna Weresa
Keyword(s):  
Regression Analysis ◽  
Direct Investment ◽  
Diffusion Of Technology ◽  
Catching Up ◽  
Catch Up ◽  
Innovative Potential ◽  
Technology Industries ◽  
And Diffusion ◽  
Innovation Processes ◽  
The Eu

The paper examines the extent to which the inflow off oreign direct investment (FDI) helps Poland to catch up with the EU. FDI can facilitate the process of catching up mainly through transfer and diffusion of technology, which leads to upgrading oftechnological and innovative potential ofa host country. The paper is aimed at assessing whether FDI is correlated with the innovation processes in different branches ofthe Polish industry. A regression analysis conducted in this paper has confirmed that, except for low-technology industries, FDI impacts Poland’s innovation efforts and thus helps Poland to catch up with the EU.

Internet of Things as Engine of Economic Growth in Indonesia

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Bambang Widagdo ◽  
Mochamad Rofik
Keyword(s):  
Economic Growth ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
The Internet ◽  
Economic Diversification ◽  
Great Opportunity ◽  
Economic Basis ◽  
Network Quality ◽  
The Internet Of Things

The economic diversification concept gives hope for a country with rich natural resources to strengthen its economic basis. Thus industrial revolution era of 4.0 provides great opportunity to fasten the process. A study by McKensey in 2011 proved that the internet in the developing country contributes around 3.4% towards its GDP which means that the internet has become a new hope for the economy in the future. Indonesia is one of the countries that is attempting to maximize the role of the Internet of Things (IoT) for its economic growth.� The attempt has made the retail and tourism industries as the two main sectors to experience the significant effect of IoT. In the process of optimizing the IoT to support the economic growth, Indonesia faces several issues especially in the term of the internet network quality and its distribution, the inclusive access of financial access and the infrastructure

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

Computing of the contribution rate of scientific and technological progress to economic growth in Chinese regions

2012 ◽  
Vol 39 (10) ◽  
pp. 8514-8521 ◽  
Author(s):  
Haixiang Guo ◽  
Jinglu Hu ◽  
Shiwei Yu ◽  
Han Sun ◽  
Yuyan Chen
Keyword(s):  
Economic Growth ◽  
Technological Progress ◽  
Contribution Rate

Training for the Management of Vietnamese Enterprises in the Industrial Revolution 4.0

2021 ◽  
Vol 37 (1) ◽  
Author(s):  
Vu Thi Minh Hien ◽  
Hoang Van Hai ◽  
Tran Kim Loan
Keyword(s):  
Corporate Governance ◽  
Organizational Culture ◽  
Industrial Revolution ◽  
Leadership Skills ◽  
Technological Knowledge ◽  
Management Capability ◽  
Rapid Changes ◽  
Is Management ◽  
Culture Development ◽  
The Revolution

The Industrial Revolution 4.0 has created rapid changes in management, administration, and development in Vietnamese enterprises. Having been faced with enomous opportunities and challenges as they are nowadays, one of the fundemental factors decisive for an enterprise’s development is management capability. Perception change, talent attraction, and organizational culture development require technological knowledge and leadership skills. Therefore, this article studies how the Industrial Revolution 4.0 has impacted corporate governance and in what management needs to be trained urgently so as to meet the requirements of the Revolution.

Sign in / Sign up

Export Citation Format

Share Document