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Technology Transfer and Economic Growth in the Less-developed Countries: A Technology Gap Approach

In: Technology Transfer in the Developing Countries

Author

Listed:
  • Zeinab A. Karake

Abstract

In recent years, the subject of the impact of technology on economic growth has generated considerable research interest and activity in developed countries. Meaningful research into the impact of technology on economic growth was initiated by Robert Solow (1957). His sources-of-growth methodology relies heavily on the classical conception of an aggregate production function. In his pioneering paper, Solow provided an estimate of the rate of technological change for the non-farm economic sector of the USA during the period 1909–49. The results suggested that, for the entire period, increases in output per capita averaged 1.5 per cent a year, almost all of which was attributable to technical progress. Several other major studies were carried out in the USA, using different approaches but reaching similar conclusions (Abramovitz, 1956; Massell, 1960; Denison, 1962, 1969, 1974).

Suggested Citation

  • Zeinab A. Karake, 1990. "Technology Transfer and Economic Growth in the Less-developed Countries: A Technology Gap Approach," Palgrave Macmillan Books, in: Manas Chatterji (ed.), Technology Transfer in the Developing Countries, chapter 8, pages 104-115, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20558-5_8
    DOI: 10.1007/978-1-349-20558-5_8
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