IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-10274-7_12.html
   My bibliography  Save this book chapter

Technological Learning, Social Learning and Technological Change

In: The Balance between Industry and Agriculture in Economic Development

Author

Listed:
  • Raaj Kumar Sah

    (Yale University)

  • Joseph E. Stiglitz

    (Princeton University)

Abstract

A central puzzle facing development economists is why it is that the growth rates and income levels of various countries have not converged faster than they have. Indeed, there is some evidence that there has been divergence for many less developed countries (LDCs), rather than convergence. Traditional neoclassical growth theory (Solow, 1956) predicts that, in the long run, the growth rates in all countries should be related only to the rate of technological progress and of population growth; growth rates in per capita incomes should be related only to the rate of labour augmenting technological progress; and differences in levels of per capita consumption should be related to differences in savings rates. Even if the LDCs adopt the best practices of the developed. countries with a lag, the rates of technological progress will be the same, and differences in levels of per capita income will then be related also to the length of the lag in the diffusion of technology.

Suggested Citation

  • Raaj Kumar Sah & Joseph E. Stiglitz, 1989. "Technological Learning, Social Learning and Technological Change," International Economic Association Series, in: Sukhamoy Chakravarty (ed.), The Balance between Industry and Agriculture in Economic Development, chapter 12, pages 285-298, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-10274-7_12
    DOI: 10.1007/978-1-349-10274-7_12
    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:intecp:978-1-349-10274-7_12. 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.