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Technological Progress in Developing Nations: An Exposition of the Techno-Economic Paradigm

In: Structural Transformation

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  • Piya Mahtaney

    (St. Xavier’s College)

Abstract

This will begin by explaining the empirics underlying technological diffusion and demonstrate that the absorption and assimilation of existent and new technologies is also incumbent on the extent and pace of non-technological innovation. The distance of a country from the global technological frontier is among the most frequently used gauge or indicator of a country’s innovative potential and how much it needs to catch up. The further away a country is from the technological frontier the higher its innovative potential and clearly innovation in developing and less developed nation’s countries is too little relative to the potential that these embody. In the light of this it is important to revisit some of the principles and assumptions underlying catch up and convergence theories. For a better understanding thus, of the likely impact of new technologies in poorer nations this chapter will present the enunciation of the techno-economic paradigm.

Suggested Citation

  • Piya Mahtaney, 2021. "Technological Progress in Developing Nations: An Exposition of the Techno-Economic Paradigm," Springer Books, in: Structural Transformation, chapter 0, pages 165-189, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-4662-8_8
    DOI: 10.1007/978-981-33-4662-8_8
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