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Technological Innovation, Entrepreneurship, and Development

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  • Wim Naudé

    (Maastricht School of Management, UNU-MERIT, University of Maastricht and IZA- Institute for the Study of Labour)

  • Adam Szirmai

    (UNU-MERIT and Maastricht Graduate School of Governance, University of Maastricht)

Abstract

What is the relationship between technological innovation, entrepreneurship and development? Is it better for developing countries to coping and adapt existing technologies from richer countries rather than undertake or promote intensive research and development (R&D) of their own? We tackle these perennial issues afresh by considering the relationship between knowledge, innovation and growth in the past and by identifying whether and how the scope for catch-up growth exists. We focus on the interesting case of technological innovation in the comparative economic performance of China; we draw some lessons for development elsewhere.

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File URL: http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2013-17.pdf
File Function: First version, 2013
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Bibliographic Info

Paper provided by Maastricht School of Management in its series Working Papers with number 2013/17.

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Length: 13 pages
Date of creation: Jul 2013
Date of revision:
Handle: RePEc:msm:wpaper:2013/17

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Keywords: innovation; entrepreneurship; development; knowledge; China; BRICS;

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  1. Lipsey, Richard G. & Carlaw, Kenneth I. & Bekar, Clifford T., 2005. "Economic Transformations: General Purpose Technologies and Long-Term Economic Growth," OUP Catalogue, Oxford University Press, number 9780199290895.
  2. Szirmai,Adam, 2005. "The Dynamics of Socio-Economic Development," Cambridge Books, Cambridge University Press, number 9780521520843, April.
  3. Szirmai, Adam, 2012. "Proximate, intermediate and ultimate causality: Theories and experiences of growth and development," MERIT Working Papers 032, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  4. Diego Comin & Mestieri, 2013. "If Technology Has Arrived Everywhere, Why Has Income Diverged?," INET Research Notes 26, Institute for New Economic Thinking (INET).
  5. Scott Shane, 2009. "Why encouraging more people to become entrepreneurs is bad public policy," Small Business Economics, Springer, vol. 33(2), pages 141-149, August.
  6. Kemeny, Thomas, 2010. "Does Foreign Direct Investment Drive Technological Upgrading?," World Development, Elsevier, vol. 38(11), pages 1543-1554, November.
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