Technology generation, technology use and economic growth
AbstractTechnological change is often measured by economists and economic historians through productivity growth, but this article argues that technological change and productivity change are conceptually different. This proposition is demonstrated by considering the diffusion of technologies first within industries, and second across industries. In both cases, economic growth reaches higher levels when the technology becomes diffused, not when it is being generated via major technological breakthroughs. This emerges through high ratios of patents (as a measure of technological change) to industrial production when countries undergo their industrial revolutions. Finally I compare across countries, to show that leader countries developed the technologies before they developed education systems to extend them, whereas some catching-up countries probably drew on their depth of human capital to absorb new technologies from the leaders.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal European Review of Economic History.
Volume (Year): 4 (2000)
Issue (Month): 02 (August)
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- Becker, Sascha & Hornung, Erik & Woessmann, Ludger, 2009.
"Catch Me If You Can: Education and Catch-up in the Industrial Revoluti on,"
Stirling Economics Discussion Papers
2009-19, University of Stirling, Division of Economics.
- Sascha O. Becker & Erik Hornung & Ludger Woessmann, 2009. "Catch Me If You Can: Education and Catch-up in the Industrial Revolution," CESifo Working Paper Series 2816, CESifo Group Munich.
- Becker, Sascha O. & Hornung, Erik & Woessmann, Ludger, 2009. "Catch Me If You Can: Education and Catch-up in the Industrial Revolution," IZA Discussion Papers 4556, Institute for the Study of Labor (IZA).
- von Tunzelmann, Nick & Wang, Qing, 2007. "Capabilities and production theory," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 192-211, June.
- Palazuelos, Enrique & Fernández, Rafael, 2009. "Demand, employment, and labour productivity in the European economies," Structural Change and Economic Dynamics, Elsevier, vol. 20(1), pages 1-15, March.
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