IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-27401-3_3.html
   My bibliography  Save this book chapter

Technological Innovation and Divergence in Economic Growth

In: Managing Economies, Trade and International Business

Author

Listed:
  • Francisco Javier Santos-Arteaga

    (Complutense University)

Abstract

The club convergence phenomenon among countries that occurred during the last half of the twentieth century and persists has been widely documented, and remains a main subject of study nowadays.1 Despite early growth theories relying on the advantage of backwardness as a catching up mechanism, the expected convergence between different growth clubs of countries did not take place. The emphasis was then moved towards endogenous growth mechanisms,2 educational systems,3 as well as, financial development and credit market imperfections.4 While recognizing the important role played by the financial sector in the technological development of countries,5 there is a concentration on endogenous growth mechanisms and human capital. In the first instance, the literature has advanced towards the recognition that the assimilation of the most advanced technological capital by less developed countries constitutes a growth mechanism that requires important amounts of both physical and human capital investment.6 Education, though an important factor for growth, has been displaced by differences in total factor productivity among countries, from which education is only partially responsible.7

Suggested Citation

  • Francisco Javier Santos-Arteaga, 2010. "Technological Innovation and Divergence in Economic Growth," Palgrave Macmillan Books, in: Aidan O’Connor (ed.), Managing Economies, Trade and International Business, chapter 3, pages 44-59, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27401-3_3
    DOI: 10.1057/9780230274013_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-27401-3_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.