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Innovation, technology and the global knowledge economy: Challenges for future growth

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  • Jan Fagerberg

    (Centre for Technology, Innovation and Culture, University of Oslo)

Abstract

This paper discusses the role of knowledge, technology and innovation in economic growth within the context of the “Green roads to growth” project. It summarizes the current state of the art in this area, illustrates this with selected graphs and tables based on published statistics and raises issues for discussion. The main focus is on the big shift of our understanding of economic growth that has taken place in recent decades, exemplified by emergence of terms such as “the knowledge based economy”, “the ICT revolution” and “innovation”, which - although not an entirely new issue – did not get much attention a few decades ago. Particular emphasis is placed on reviewing the new micro-evidence on innovation and the knowledgebased economy that has emerged in recent years. However, since extensive micro-evidence on innovation and knowledge-based growth is available only for a limited number of developed economies, we also consider other types of indicators (that are available for a larger set of countries), and present a synthetic overview of the differences in performance across different parts of the globe. Finally we summarize the main trends and discuss the challenges posed by these for future growth, sustainability and policy.

Suggested Citation

  • Jan Fagerberg, 2006. "Innovation, technology and the global knowledge economy: Challenges for future growth," Working Papers on Innovation Studies 20060301, Centre for Technology, Innovation and Culture, University of Oslo.
  • Handle: RePEc:tik:inowpp:20060301
    Note: Presented at the "Green roads to growth" conference, Environmental Assessment Institute, Copenhagen March 1-2, 2006, pp. 90-119.
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    File URL: http://folk.uio.no/janf/downloadable_papers/06Fagerberg_GreenRoads.pdf
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    Cited by:

    1. Rosina Moreno & Jordi Suriñach, 2014. "Innovation adoption and productivity growth: evidence for Europe," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 86(02), pages 62-87.
    2. Maack, Maria & Davidsdottir, Brynhildur, 2015. "Five capital impact assessment: Appraisal framework based on theory of sustainable well-being," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1338-1351.
    3. Mellati, Ali, 2008. "Technology, Trade Specialization and Development: Jumping to Technology Development Era," MPRA Paper 26643, University Library of Munich, Germany.

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