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Learning advanced technology in easier ways from developed countries

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  • Inyong Shin

    (Asia University)

Abstract

Even though developing countries demand to disclose advanced technology of developed countries, it is hardly possible that the developed countries disclose their technology for nothing as they worked very hard to get it through R&D investment. This research analyzes the effects of technology disclosure on the economic growth and the utility level in the developed countries and suggests the conditions which have positive effect of technology disclosure on the utility level in the developed countries. The conditions give hints what developing countries should do to elicit the information about the advanced technology. The conditions are as follows: (i) cheap price of imported goods, (ii) large size of export market, (iii) small size of labor market, (iv) low productivity of technology development, and (v) advanced technology is less likely to be public technology.

Suggested Citation

  • Inyong Shin, 2020. "Learning advanced technology in easier ways from developed countries," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(1), pages 120-139, January.
    • Handle: RePEc:spr:jecfin:v:44:y:2020:i:1:d:10.1007_s12197-019-09476-6
    DOI: 10.1007/s12197-019-09476-6
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    References listed on IDEAS

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    More about this item

    Keywords

    Endogenous economic growth; Disclosure of technology; Monopolistic competition; Research and development; Product cycle;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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