Patterns and Sources of Technological Progress

Yujiro Hayami

in Development Economics

Second edition

Published in print February 2001 | ISBN: 9780199243976
Published online November 2003 | e-ISBN: 9780191596377 | DOI:
 Patterns and Sources of Technological Progress

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The institutional conditions by which appropriate technology and human resources are effectively combined with capital accumulation for promoting industrial development are examined in this chapter. A conclusion is that government investment in scientific research and education is a necessary but not the sufficient condition. Sustained industrial development requires the organization of competitive markets that facilitate innovations by Schumpeterian entrepreneurs.

Keywords: education; innovation; Kuznets; markets; Marx; research; Schumpeter; technology borrowing

Chapter.  9654 words.  Illustrated.

Subjects: Economic Development and Growth

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