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Economic Development, Technological Change and Growth

Author

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  • Auerbach, Paul

    (Kingston University London)

Abstract

Economic development connotes the complex process of structural and institutional changes by which poor countries attain the standard of well-being associated with the rich nations of the world. The measurement of economic development will begin with economic growth (the growth rate in national income) as a basis, and then proceed with a series of modifications. Technological change, improvements in human capital and the quality of state governance are key determinants of economic development. The Human Development Index is the most prominent example of an attempt at a unitary measure of economic development.

Suggested Citation

  • Auerbach, Paul, 2003. "Economic Development, Technological Change and Growth," Economics Discussion Papers 2003-15, School of Economics, Kingston University London.
    • Handle: RePEc:ris:kngedp:2003_015
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    File URL: http://eprints.kingston.ac.uk/6688/
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    More about this item

    Keywords

    economic growth; economic development; Human Development Index;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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